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Retail News Breaks Archives Supervalu Inc. opened for business today as what it called "a more efficient wholesale and retail company" with the closing of a deal to sell five of its supermarket chains. A group of congressmen have asked the Centers for Medicare & Medicaid Services (CMS) to take a closer look at the impact of "preferred pharmacy" drug benefit plans for Medicare Part D. Leonard S. "Sam" Skaggs Jr., former chairman and chief executive officer of food and drug retail giant American Stores Co., died yesterday at age 89. Walgreen Co. officials took part in a grand opening ceremony for the drug chain's latest flagship location, in Washington, D.C. The Pharmacy Quality Alliance (PQA) and CECity.com Inc. have formed a joint venture called Pharmacy Quality Solutions, Inc. (PQS), which aims to establish a national pharmacy quality measurement, benchmarking and reporting platform for pharmacies and health plans. Following your prescriptions as directed can make a big difference for heart disease patients, a CVS Caremark and Brigham and Women's Hospital research team found. CVS/pharmacy and Walgreens again finished in the top 10 among Interbrand's U.S. Most Valuable Retail Brands list for 2013, though each drug chain fell a notch from last year. Walgreen Co. posted flat sales and adjusted earnings in line with Wall Street's forecast for its fiscal 2013 second quarter. Cardinal Health Inc. announced that it won't renew its pharmaceutical distribution contract with Walgreen Co. when it lapses this summer. Walgreen Co. and Alliance Boots have formed a long-term partnership with AmerisourceBergen Corp. that includes an expanded pharmaceutical distribution pact for Walgreens, global supply-chain opportunities with the Walgreens-Boots joint venture, and the right for the joint venture partners to buy an equity stake in AmerisourceBergen. For the past 18 months Rexall Pharma Plus has quietly gone about the business of making itself a serious contender in the competition to reinvent the drug store to better meet the needs of the 21st century consumer. The National Association of Chain Drug Stores has promoted Roy McGrath to vice president of business development and conventions and Alex Adams to vice president of pharmacy programs and vice president of NACDS Foundation research programs. As prescription drug therapy assumes increasing importance in the nation's health care system, medication adherence has emerged as a key variable in determining its efficacy. And according to results from Boehringer Ingelheim’s Pharmacy Satisfaction Pulse survey, most pharmacy patients are taking adherence seriously.
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