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Inside This Issue - News

Walgreens pulls trigger on merger with Alliance Boots

Walgreen Co. has taken the second and decisive step toward completing its acquisition of Alliance Boots GmbH, exercising its option earlier this month to acquire the remaining shares of the global pharmaceutical wholesaler and retailer.

In the end, Walgreens decides against inversion

Initial investor reaction to the specifics of the merger between Walgreen Co. and Alliance Boots GmbH was intense disappointment, as shareholders drove down Walgreens’ stock price by 18% in two days.

Transaction accompanied by exec shifts at Walgreens

Walgreen Co. has made several management changes as the company moves forward with its partnership with Alliance Boots, including appointing Timothy McLevish as chief financial officer and naming Richard Ashworth as president of retail and pharmacy operations.

Majority of Americans take a dim view of ACA

Negative views of the Affordable Care Act have reached an all-time high, bucking several months of gradual increases in the popularity of the law.

Loss of a key member won’t derail CACDS

The Canadian Association of Chain Drug Stores (CACDS) is pressing ahead with a five-year plan to represent the business of neighborhood pharmacy, even as its largest member readies to exit the group.

Drug chains stand out in July

Although overall retail sales flattened out in July, it was a good month for at least two of the nation’s largest drug chains.

Family Dollar draws another suitor: Dollar General

Dollar General Corp. has entered the bidding for Family Dollar Stores Inc., making an $8.95 billion offer for the discount store chain that exceeded Dollar Tree Stores Inc.'s $8.5 billion bid.

CVS strengthens private-label beauty care lineup

CVS/pharmacy has expanded its private-label beauty care offerings with the premium Makeup Academy brand.

Cardinal Health, Fred's sign Rx distribution deal

Fred’s Inc. and Cardinal Health Inc. have concluded a multiyear agreement by which Cardinal will be the primary supplier of branded and generic drugs to all of the discount retailer’s 360-plus in-store pharmacies and EIRIS Health Services.

Health Mart aims to 'level playing field'

Methods by which Health Mart is helping support the operations of independent pharmacies were explored last month at McKesson Corp.’s ideaShare 2014.

Good Neighbor Pharmacy members get insights on health reform

The industry changes that independent pharmacies must navigate through as a result of health care reform were among targets discussed at ThoughtSpot 2014, AmerisourceBergen Corp. and Good Neighbor Pharmacy’s annual trade show.

CVS opens first store in Washington state

CVS/pharmacy has opened its first store in the Pacific Northwest.

Walgreens clinics to debut in Dallas

Walgreen Co. is expanding its Healthcare Clinic retail locations with entry into the Dallas/Fort Worth market.

James named Kmart president

Sears Holdings Corp. has appointed former Tesco PLC executive Alasdair James to the new position of president and chief member officer for Kmart.