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Walmart names president of health and wellness

Walmart names president of health and wellness

Former longtime Walgreens executive George Riedl has been named a senior vice president and president of health and wellness at Walmart. He succeeds Labeed Diab, who left Walmart to join Brookdale Senior Living Inc. as chief operating officer.

AmerisourceBergen’s Collis to become chairman

AmerisourceBergen’s Collis to become chairman

Steven Collis, president and chief executive officer of AmerisourceBergen Corp., has been named to succeed Richard Gozon as chairman. The company said Wednesday that Collis is slated to become chairman upon Gozon’s retirement at AmerisourceBergen’s annual shareholders meeting on March 3, 2016.

Global drug spending to climb steadily

Global drug spending to climb steadily

More than half of the world’s population will live in countries where medicine use will exceed one dose per person per day by 2020, up from 31% a decade ago, as the “medicine use gap” between developed and pharmerging markets narrows, the IMS Institute for Healthcare Informatics projects.

Walmart’s Q3 earnings beat expectations

Walmart’s Q3 earnings beat expectations

BENTONVILLE, Ark. – Walmart on Tuesday reported fiscal third quarter net income of $3.30 billion, down from $3.71 billion a year ago but better than what Wall Street analysts were expecting. Comparable-store sales increased 1.5% on a traffic increase of 1.7%.

CVS partners with campaign to drive primary care

CVS partners with campaign to drive primary care

CVS Health is collaborating with the “Health is Primary” campaign of Family Medicine for America’s Health (FMAHealth) to spur coordination of care between primary care providers and retail pharmacies and clinics, including CVS/pharmacy and MinuteClinic.

Perrigo shareholders nix Mylan bid

Perrigo shareholders nix Mylan bid

Shareholders of Perrigo Co. plc have rejected a hostile bid by Mylan N.V. to acquire the company in a deal valued at about $27 billion. Perrigo said Friday that shareholders holding more than 60% of its outstanding shares declined to tender into Mylan’s offer by the 8 a.m. ET deadline. The offer

Employees bearing more of health costs

Employees bearing more of health costs

When it comes to health care coverage, the cost burden is continuing to shift to employees. A recent analysis by HR management consultancy Aon revealed that the average health care plan rate increase for midsize and large companies was 3.

AB InBev, SABMiller strike deal to merge

AB InBev, SABMiller strike deal to merge

Beer giants Anheuser-Busch InBev has reached an agreement to acquire SABMiller plc in a deal valued at about $108 billion. Clearing the way for the agreement was a deal for SABMiller to sell its 58% stake in its MillerCoors LLC joint venture to partner Molson Coors Brewing Co. for $12 billion.

Kroger to buy Roundy’s in $800 million deal

Kroger to buy Roundy’s in $800 million deal

Kroger Co. plans to acquire food and drug retailer Roundy’s Inc. in a deal valued at about $800 million. Kroger said Wednesday that under the agreement it will buy all outstanding shares of Roundy’s for nearly $178 million in cash, or $3.60 per share, and assume Roundy’s $646 million in debt.