Jean Coutu Group shareholders have overwhelmingly approved the sale of the pharmacy chain to fellow Quebec retailer Metro Inc. A near-unanimous 99.9% of votes cast sanctioned the $4.5 billion transaction, which was well above the two-thirds requirement.
Walgreens Boots Alliance has taken over the first 97 of its acquired Rite Aid Corp. stores. WBA purchased 1,932 stores under a revised deal with Rite Aid after the government thwarted its acquisition of the entire chain.
While rumors of Amazon’s entry into pharmacy continue to swirl, some analysts are questioning just how significant the move would be. “Amazon’s U.S. Pharmacy Opportunity: Not Necessarily A Game Changer,” is the title of a report by Cowen.
Next year, Loblaw Cos. plans to roll out a unified customer loyalty program that joins together the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart (SDM) and supermarket chains.
Alex Azar, a former pharmaceutical executive named by President Trump to be the next Health and Human Services secretary, told senators at a full committee nomination hearing that making prescription drugs more affordable would be one of his top priorities.
Walgreens and OraSure Technologies Inc., a provider of point-of-care diagnostic tests and specimen collection devices, are teaming up to fight AIDS. The companies announced several new HIV testing-related initiatives in recognition of World AIDS Day on December 1.
Web Golinkin, chief executive officer of Rite Aid Corp. subsidiaries RediClinic and Health Dialog, has left the companies to become CEO of FastMed Urgent Care. FastMed said Golinkin will oversee its more than 100 walk-in urgent care clinics in Arizona, Texas and North Carolina.
Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores, and Gigi Kwik Gronvall, senior associate at the Johns Hopkins Center for Health Security, discussed the increasingly important role pharmacists are playing in public health in a recent op-ed publi
Millennials have been a hot topic of conversation for more than a decade. It’s the one generational group that continues to confound both employers and retailers: How do we attract them, engage them and retain them? Yet a majority of employees and shoppers are them.
It sounds like a science fiction plot: machines and computers operating with intelligent and human-like behavior. But artificial intelligence (AI) is real and relevant to any task involving the intellect, and AI applications affect nearly all aspects of modern human life.
Ahold Delhaize is creating a parent company for its U.S. food and drug retail operations called Ahold Delhaize USA. The company said that, effective Jan. 1, Ahold Delhaize USA will oversee all of Ahold Delhaize’s U.S.
Creme of Nature has rolled out seven new hairstyling products with the launch of the with the Certified Natural Coconut Milk Collection.
Novo Nordisk this week gained Food and Drug Administration approval for Ozempic (semaglutide injection), a medication for type 2 diabetes.
Retail prices for prescription drugs widely used by older Americans have risen more than 50 times faster than the inflation rate, an AARP analysis found. For 768 prescription drugs commonly used by older adults, retail prices surged an average of 6.
Walgreens Boots Alliance (WBA) is now a stakeholder in national specialty pharmacy operator PharMerica Corp. PharMerica on Wednesday announced the close of its acquisition by global investment firm Kohlberg Kravis Roberts (KKR). Under the $1.
At its 19th Annual Foundation Dinner in Manhattan, the NACDS Foundation raised $1.8 million to support evidence-based research, pharmacy education and philanthropic efforts aimed at improving patient health outcomes and advancing population health.
