Rite Aid Corp. topped Wall Street’s earnings projections for its fiscal 2018 third quarter, in which the company proceeded with the transfer of stores under its $4.375 billion asset sale to Walgreens Boots Alliance (WBA). Rite Aid said late Wednesday that for the quarter ended Dec.
Kevin Hourican is a relative newcomer to community pharmacy, but that hasn’t prevented him from helping CVS Health live up to its positioning as a pharmacy innovation company.
To the casual observer, the dominant story line at Walgreens might appear to be the phased acquisition of 1,932 drug stores and related assets from Rite Aid Corp., and plans for their subsequent assimilation.
The individual mandate is no more. The requirement under the Affordable Care Act that people pay a penalty if they do not obtain health insurance was eliminated in the federal tax overhaul passed by Congress.
Jeff Leger has been appointed president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Leger had previously served as executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores.
Chain drug store holiday sales bettered last year’s results, with total dollar volume rising more than 4% and same-store sales advancing 1.8%.
McKesson Corp. announced two key personnel moves, including the promotion of Chris Dimos to president of retail solutions for McKesson U.S. Pharmaceutical and Specialty Health.
Canada’s largest retail pharmacy, Shoppers Drug Mart (SDM), is set to become a licensed dispenser of medical marijuana, pending approval from Health Canada, the Canadian government’s department of public health.
Eugene Applebaum, who built his Dearborn, Mich., pharmacy into a major regional drug store chain called Arbor Drugs, passed away last month in his home at the age of 81. Applebaum made a name for himself as an entrepreneur, growing the Arbor Drugs chain from a single store, Civic Drugs, opened
The U.S. health care system does not work well for patients or providers. We now pay twice as much as other developed countries for health care, and the Centers for Medicare & Medicaid Services (CMS) expects Americans will spend $1 out of every $5 on health care by 2025.
The Supplement Online Wellness Library (OWL) — a dietary supplement product registry developed by the Council for Responsible Nutrition (CRN) and launched in spring 2017 — is an industrywide self-regulatory initiative that aims to create a more complete picture of the dietary supplement market for r
In 2018, food retailers will be making the grocery shopping experience more convenient and engaging, veteran supermarket industry observer John Karolefski predicts.
Weight-loss supplement brand Hydroxycut is serving up enhanced digital tools to help people better manage their weight control and fitness regimen. Iovate Health Sciences International Inc. said Friday that for 2018 it’s launching a new mobile app for personalized support on digital devices.
Lewis Drug has opened a “next generation” store here designed to offer consumers the “highest level of convenience.” The 25,000-square-foot store, opened last month, is located at Minnesota Avenue and 37th Street and replaces the 27-year-old Southgate store just a few blocks away.
Consumer products maker Henkel got into the holiday spirit this season with its participation in the 24th Annual NBC Today Show Toy Drive event.
