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Inside This Issue - News
Walgreen Co.’s $409 million purchase of drugstore.com, which followed the sale of its pharmacy benefits management division, underlines the chain’s rededication to retailing in all its forms. It also contrasts Walgreens with rival CVS Caremark Corp., which has made pharmacy benefits management a core business. With state and federal lawmakers talking about curtailing Medicaid spending as a way to scale back budget deficits, drug chains across the country could face yet another economic challenge, executives and industry advocates say. Helena Foulkes has been named executive vice president and chief health care strategy and marketing officer at CVS Caremark Corp., a new post. Former WellPoint Inc. executive Dijuana Lewis has been named senior vice president of health care solutions at Walmart U.S. The overwhelming and underappreciated cost of medication nonadherence was highlighted last month in a supplement in The Washington Post. Chain drug retailers need to expand their health care offerings beyond the pharmacy if they hope to meet the needs of their current and future customers, contends CVS Caremark Corp. senior vice president and chief marketing officer Rob Price. Bartell Drugs staged a Health and Beauty Event featuring health screenings, free “mini-makeovers,” hairstyling tips and giveaways of products from cosmetics to specialty food items to candles. Jill McCormack has joined the National Association of Chain Drug Stores state government affairs team as a director of state government affairs. Kerr Drug president and chief executive officer Tony Civello has been named a Health Care Hero Lifetime Achievement Award winner by the Triangle Business Journal here. The Cardinal Health Foundation and the American Pharmacists Association (APhA) have formed a partnership to encourage pharmacists and student pharmacists to take an active role in preventing the abuse and misuse of prescription medications. The announcement was made at the APhA annual meeting and exposition here. Navarro Discount Pharmacy has received the Top 100 Minority Business Award from the Greater Miami Chamber of Commerce.
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