Providers in the news: Keeler’s Medical Supply files for bankruptcy, Medicine Shoppe Pharmacy becomes Haag Pharmacy

Wednesday, July 5, 2017

Keeler’s Medical Supplyin Yakima, Wash., plans to stay open despite recently filing for bankruptcy, according to the Yakima Herald. Changes in Medicare and Medicaid reimbursement and audits forced the company to file for bankruptcy on June 15, President Chuck Vetsch told the newspaper. Vetsch hopes that filing for bankruptcy will allow the company to negotiate payment plans with its creditors, the newspaper reported. Keeler’s sales feel from just under $10 million in 2010 to a little more than $1.6 million in 2016, according to court documents. As of June 1, the company had about $785,000 in assets…The Medicine Shoppe Pharmacy in Emporia, Kan., is now operating under the name Haag Pharmacy, according to the Emporia Gazette. “Anyone in this business has to be willing to change with it,” Amber Haag, owner, told the newspaper. “We feel now is the time to make this change to better prepare us for future opportunities for growth, and to continue to provide exceptional care and services to our patients.” The pharmacy began operating as the Medicine Shoppe in 1993, when owner Don Hill joined the national franchise.