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Inside This Issue - News

Pilla to exit SDM amid changes at parent company Loblaw

When the acquisition of Shoppers Drug Mart (SDM) by Loblaw Cos. was concluded in March of this year, no changes in the senior management of either company were made, but commentators speculated that some significant shifts in responsibility would soon follow. Those predictions proved justified.

CVS bolsters position with Hispanics via Navarro acquisition

CVS Caremark Corp. has agreed to acquire Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drug chain in the United States.

Walgreens' Crawford to retire at year’s end

Kermit Crawford, president of pharmacy, health and wellness at Walgreen Co., will retire at the end of this year. He will, however, continue to serve as a senior counselor to president and chief executive officer Greg Wasson.

Walmart U.S. gets new CEO

Walmart has promoted Greg Foran to the position of president and chief executive officer of Walmart U.S., replacing Bill Simon.

Cornell asked to ‘move Target forward’

Target Corp. has appointed Brian Cornell chief executive officer and chairman of the board.

Vitrano succeeded by Karst as CFO at Rite Aid

Darren Karst has been named executive vice president and chief financial officer of Rite Aid Corp. He succeeds Frank Vitrano, who is retiring.

Walgreens' loyalty program targets health

Walgreen Co. has expanded its Balance Rewards loyalty program with new features that promote and support healthful behaviors.

CVS is first pharmacy to win URAC seal

Company also extends distribution pact with McKesson

CVS/pharmacy has become the first pharmacy in the nation to earn the new Community Pharmacy accreditation from URAC, the leading health care accreditation organization that establishes quality standards for the health care industry.

Jeffery rejoins Rexall as COO

Warren Jeffery has returned to Rexall Pharma Plus as chief operating officer. He had retired from the chain in 2011 as chief development officer and interim chief merchandising officer.

For now, new legal rulings on ACA won’t affect Rx

Conflicting court rulings on the Affordable Care Act are unlikely to have an immediate impact on pharmacies, says Don Bell, senior vice president of legal affairs and general counsel at the National Association of Chain Drug Stores.

Family Dollar buy ‘transformational’ for Dollar Tree

In a move that caught the investment community by surprise, Dollar Tree Inc. has agreed to acquire Family Dollar Stores Inc. for about $9.2 billion in cash and stock.

Diplomat sets the stage for IPO, acquires MedPro Rx

Diplomat Specialty Pharmacy last month filed for a $100 million initial public offering and acquired MedPro Rx Inc., which is focused on specialty infusion therapies, including immune globulin.

Retail clinics are gaining momentum

More patients are turning to retail clinics for chronic and preventive care, a new Walgreen Co. study shows.