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Retail News Breaks Archives Rite Aid Corp. has released details on an amended credit facility and new terms loans as part of debt refinancing transactions initiated earlier this month. Joe Magnacca, who earlier this month was promoted to executive vice president at Walgreen Co., has left the company to join RadioShack Corp. as chief executive officer. A new Centers for Medicare & Medicaid Services (CMS) study on medication therapy management brings "further proof" of the benefits of pharmacist-led MTM services in improving patient health and mitigating medical costs, according to Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores. Shoppers Drug Mart Corp. ended fiscal 2012 with solid revenue gains for the fourth quarter and full year, along with upticks in earnings per share. CVS Caremark Corp. has expanded its Pharmacy Advisor medication management program to cover five more chronic conditions Rexall Pharma Plus has become a top consumer destination for flu shots in Ontario since the province expanded the range of services that pharmacists can perform. Medicine Shoppe Canada has enlisted media software provider ScreenScape to implement a digital signage network that connects its pharmacies across Canada and presents value-added health care information to customers. Shopko reports that pharmacy customers are embracing its mobile application to help manage their prescriptions. CVS Caremark Corp. has acquired Drogaria Onofre, a Sao Paulo, Brazil-based retail drug chain with 44 stores. Double-digit revenue gains helped drive increased earnings at CVS Caremark Corp. for the 2012 fourth quarter and fiscal year. Patient and health care groups, including the pharmacy community, are calling on the Food and Drug Administration to reject the rescheduling of combination hydrocodone products from Schedule III to Schedule II. The National Association of Chain Drug Stores Foundation has awarded research grants to three universities to examine how community pharmacy-provided medication management in care teams such as medical homes and accountable care organizations (ACOs) impact patient health outcomes. Growth in pharmacy business, fueled by the severe flu season, helped boost same-store sales at Walgreen Co. in January. Sharon Driscoll has joined Katz Group Canada Ltd., the operator of the Rexall and Rexall Pharma Plus pharmacy chains, as executive vice president and chief financial officer. Walgreen Co. is offering third-party mobile application developers an application programming interface (API) that enables them to integrate the drug chain's prescription refill technology. The nation's changing health care environment is creating a new dynamic of need and demand that calls on community pharmacy to play a bigger role, Walgreen Co. president and chief executive officer Greg Wasson and other industry executives said at the National Association of Chain Drug Stores Regional Chain Conference. Supervalu Inc. has installed Sam Duncan as president and chief executive officer, moving up the date for the former OfficeMax CEO to begin running the reorganized food and drug retailer. The National Community Pharmacists Association and the National Association of Chain Drug Stores are calling for the federal government to expand pharmacists' role in accountable care organizations (ACOs). Save Mart Supermarkets has kicked off a yearlong campaign to raise customer awareness about the risks of heart disease. Regional drug chains that fill the right niche can not only survive, but thrive. That's the message of successful small pharmacy chains nationwide, many of whom are gathered here for the National Association of Chain Drug Stores Regional Chain Conference. CVS/pharmacy has expanded its ExtraCare customer loyalty program with rewards for healthy purchasing behavior.
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