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Bill Schiffner

Despite red ink, Rite Aid sees some progress

Despite red ink, Rite Aid sees some progress

Rite Aid Corp. on Thursday reported net income of $767.1 million, or 73 cents per diluted share, for the fourth quarter ended March 3. The company showed a net loss from continuing operations of $483.7 million, or 46 cents per diluted share, for the quarter.

PCMA responds to Medicare Part D ruling

PCMA responds to Medicare Part D ruling

Pharmaceutical Care Management Association (PCMA) president and chief executive officer Mark Merritt released the following statement on the Medicare Part D final rule released this week by the Department of Health and Human Services: “Two years ago drugmakers launched a campaign to deflect blame fo

Cirillo named president at myMatrixx

Cirillo named president at myMatrixx

Express Scripts Holding Company announced that Mike Cirillo has been named president of myMatrixx, an Express Scripts company. He will replace Artemis Emslie, who will stay with myMatrixx until the end of May to assist with the transition.

Walmart said to be in talks to acquire Humana

Walmart said to be in talks to acquire Humana

According to a report in The Wall Street Journal on Friday, Walmart and health insurer Humana are in early talks regarding a possible merger. WSJ says it isn’t clear what terms the companies may be discussing, and the story said there is no guarantee they will strike a deal. However, if they

CVS supports bleeding disorder programs

CVS supports bleeding disorder programs

CVS Health announced more than $260,000 in charitable commitments to local and national hemophilia and bleeding disorder programs across the country. The announcement of new commitments coincides with Bleeding Disorder Awareness Month, which is nationally recognized each year in March.

Walgreens Boots Alliance posts 2Q gains

Walgreens Boots Alliance posts 2Q gains

Walgreens Boots Alliance (WBA) reported better-than-expected earnings and revenue on Wednesday when it announced results for the second quarter of fiscal 2018, which ended February 28. Overall, WBA earned $1.73 a share, up 27% versus a year ago. Revenue grew 12.1% to $33.02 billion.

Amazon targets Medicaid population

Amazon targets Medicaid population

Amazon.com plans to offer discounts on its Amazon Prime service to Medicaid recipients. Low-income individuals who are eligible for the government health insurance program will be able to sign up for Prime for $5.99 a month, a $7 discount from its standard monthly cost of $12.99.