Reform takes center stage at Pharmacy & Tech Conference
Executives stressed continued industry engagement in the brewing debate on health care reform at the National Association of Chain Drug Stores’ 2009 Pharmacy & Technology Conference in Boston.
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Duane Reade wraps up debt refinancing
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.
NACDS: Retail pharmacies win as military cuts Rx costs
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.
Rite Aid launches online video savings program
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 clinics now offer nebulizer treatments
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.
Rite Aid finds itself ‘in a whole different place’
Mary Sammons has a lot to feel good about these days at Rite Aid Corp.
House moves closer to deal on health care
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.
Walgreens becomes a truly national chain
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 upgrades store base
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.
Legislation is critiqued by NACDS
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 names Panzer as CEO
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 rounds out merchandising team
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.
More executive changes at Walgreens
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.
Ontario takes aim at drug costs
The government of Ontario is moving quickly to achieve further savings and greater efficiency in its drug plan.
Sussman will head MinuteClinic at CVS
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.
Wal-Mart veterans Fehlig, Dufour join retail and health care consultancy
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.