Duane Reade has completed financing that included a $125 million private equity investment and the buyback of approximately $350 million of debt. Duane Reade Holdings Inc. said subsidiaries Duane Reade Inc. and Duane Reade on Friday closed an offering of $300 million of 11.
The National Association of Chain Drug Stores declared victory for retail pharmacies and military personnel and their families this week when the Department of Defense (DoD) said it will get lower prices for retail prescription drugs under its TRICARE health care plan.
Tightening ties between its web site and brick-and-mortar outlets, Rite Aid Corp. is offering customers in-store discounts for watching online videos about select products.
Take Care Health Sytems, the retail health clinic subsidiary of Walgreen Co., has added nebulizer treatments for patients exhibiting acute respiratory distress. Nebulizer treatments will be available year-round to patients ages 2 and older at all Take Care clinics.
Mary Sammons has a lot to feel good about these days at Rite Aid Corp.
Efforts to pass health care reforms took a major step forward late last month when House Democratic leaders reached an agreement with fiscally conservative members of their party.
Walgreen Co. celebrated the grand opening of its first store in Alaska and its presence in all 50 states last month. “More than 100 years ago our founder, Charles Walgreen Sr.
Bartell Drugs began a series of three store openings this year with the July 20 opening of its 55th store at Lake Serene in Lynnwood, Wash. The 16,400-square-foot location will employ approximately 25 associates.
The National Association of Chain Drug Stores has urged the House of Representatives to improve Medicare Part D and control prescription drug spending in health care reform legislation.
Pharmaca Integrative Pharmacy has appointed Mark Panzer as its chief executive officer. Panzer has served as the company’s chief operating officer since October 2008. “It is very inspiring to have a leadership role in such an innovative and transformational business,” he says.
Duane Reade Inc. has bolstered its merchandising team in a flurry of personnel moves as it pushes ahead with major store-optimization and marketing initiatives. The drug chain has hired Paul Tiberio as senior director of category management.
Walgreen Co. has announced a number of executive promotions. Wade Miquelon has been promoted to the position of executive vice president and chief financial officer, while John Spina was named corporate vice president of retail integration and new format development.
The government of Ontario is moving quickly to achieve further savings and greater efficiency in its drug plan.
CVS Caremark Corp. has named Dr. Andrew Sussman president and chief operating officer of its MinuteClinic business. In addition, he has been made CVS Caremark’s senior vice president and associate chief medical officer.
Former Wal-Mart Stores Inc. executives Bob Dufour and Chuck Fehlig have joined retail, pharmacy and health care consulting firm Blue Ocean Innovative Solutions Inc.
Walgreen Co. has again extended its deadline for filling Medicaid prescriptions in Delaware after announcing it would stop doing so because of proposed cuts in pharmacy reimbursement rates.
