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Inside This Issue - News

Katz to sell two pharmacy business units to McKesson

Katz Group Canada has agreed to sell its two banner pharmacy businesses, Drug Trading Co. and Medicine Shoppe Canada, to McKesson Corp. in a $920 million (Canadian) cash deal.

Walgreens buys BioScrip's specialty pharmacy business

Walgreen Co. has agreed to acquire BioScrip Inc.’s specialty pharmacies and centralized specialty and mail-service pharmacy businesses.

CVS Caremark study: Interventions by pharmacists work

Pharmacy Advisor, CVS Caremark Corp.’s integrated pharmacy-based program for diabetes and other chronic diseases, has demonstrably increased medication adherence rates and physician initiation of prescriptions for concomitant medications to improve patient health.

Court ruling on Medi-Cal cuts acclaimed

The National Association of Chain Drug Stores, California Pharmacists Association (CPhA) and several other health care organizations are hailing a recent decision by a federal court to block California officials from proceeding with a 10% Medi-Cal reimbursement rate cut that had been approved by the federal government.

Indianapolis stores revamped by Walgreens

Walgreen Co. president and chief executive officer Greg Wasson was joined by former Indianapolis Colts head coach Tony Dungy, Sen. Richard Lugar (R., Ind.) and community leaders at a ceremony marking the grand reopening of Walgreens’ newly renovated stores in the Indianapolis market.

Rule on Medicaid Rx reimbursement is scrutinized

The federal government’s proposed rule on Medicaid pharmacy reimbursement using the average manufacturer price (AMP) model is being closely examined by the National Association of Chain Drug Stores.

SDM is ready to roll out some new offerings in March

Shoppers Drug Mart next month plans to launch a cobranded banking account/debit card with Royal Bank of Canada (RBC) that will make it more convenient for Canadians to bank and earn rewards chainwide.

Walgreens helps patients hurt by impasse with PBM

Walgreen Co. says its Prescription Savings Club (PSC) is being welcomed by thousands of patients with prescription drug benefit plans managed by Express Scripts Inc.

CVS launches mobile Rx text notifications

CVS/pharmacy customers can now get text messages notifying them when their prescription is ready for pickup through a new service called Order Ready Text Messaging.

Sears sells Rx files from 33 Kmarts to Walgreens

Walgreen Co. is acquiring the prescription files and inventory from 33 Kmart pharmacies in 16 states.