AmerisourceBergen Corp. has entered an agreement to purchase TheraCom, a subsidiary of CVS Caremark Corp. AmerisourceBergen said Tuesday that the $250 million deal is slated to close in its fiscal 2012 first quarter, which ends Dec. 31.
Walgreen Co. reported robust revenue and earnings increases for its fiscal 2011 fourth quarter and full year, with adjusted net income exceeding Wall Street’s forecast. Walgreens said Tuesday that for the fourth quarter ended Aug. 31, total sales rose 6.5% $17.97 billion from $16.
Family Dollar Stores Inc. has appointed Mike Bloom, the top merchandising and supply chain executive at CVS Caremark Corp., as president and chief operating officer. The deep discount store chain said Tuesday that Bloom’s hiring comes with the announcement that current president and COO R.
Walmart and Argus Health Systems Inc. have entered a preferred pharmacy network arrangement. Argus said Thursday that the preferred network approach coordinates efforts by the pharmacy benefits administrator and Walmart to provide the lowest prescription benefit cost to Argus customers.
With generic drugs in the national spotlight as a cost-saver for the health care system, the National Community Pharmacists Association is noting that its members are a core provider of these affordable medications.
A new store concept from Walgreen Co. brings the future of pharmacy into the present. At 17 locations in the Chicago area Walgreens is piloting a format that transforms the traditional drug store pharmacy department into a neighborhood health center — in both practice and design.
Walgreens plans a major store pilot in Indianapolis as it experiments with various concepts in transitioning its drug stores into “health and daily living” stores.
Andy Giancamilli, who for the past eight years has kept Katz Group Canada Ltd. in the forefront of efforts to secure a bigger role in health care for community pharmacy, will retire as the company’s chief executive officer on February 2.
The Federal Trade Commission’s request for more information on the planned merger of Express Scripts Inc. and Medco Health Solutions Inc. has opponents hoping the deal will be scuttled. Express Scripts says it expected the FTC’s request, and both companies have vowed to work with the agency.
Community pharmacy advocates say that the “super committee” on deficit reduction should collaborate with community pharmacy on reducing health care costs while maintaining patient access to prescription drugs and pharmacy services.
Rite Aid Corp. has joined forces with the health care information provider OptumHealth to give customers in greater Detroit what the drug chain says is “the latest in quality, convenient online health care.
Regional chains such as Lewis Drugs are making important contributions to the transformation of retail pharmacies into true community health care centers.
Navarro Discount Pharmacy has expanded its management team, bringing in Luis Mier as chief financial officer and promoting Manuel Leon to vice president of wholesale and over-the-counter programs.
Drug chains posted strong results last month, although anemic sales in other retail channels suggest consumers remain reluctant to spend any more than necessary. Walgreen Co. recorded volume of $6.1 billion, up 7.8% over August 2010. Total front-end sales climbed 6.
A federal appeals court here has dismissed two cases challenging the 2010 health care reform law, ruling the plaintiffs did not have grounds to sue. Two of the three judges on the panel said they would have upheld the law if they had been able to rule on the suits’ merits. Other
or even distant — memory has a mass retailer tapped an outsider to head up its executive ranks. Yet that’s what is about to happen, on October 1, when Mark Cosby officially becomes president of the CVS/pharmacy unit of CVS Caremark. It is a daunting assignment. Depending on how one calculates
