The National Association of Chain Drug Stores voiced concern to lawmakers about preferred pharmacy networks as consumers sign up for benefits offered via the new health insurance exchanges.
In becoming president of CVS/pharmacy, Helena Foulkes brings to the role a wealth of experience with diverse facets of the chain, especially health care offerings. Helena Foulkes Foulkes, 49, who succeeds Mark Cosby on January 1, has been CVS Caremark Corp.
The importance of pharmacists to the success of the Affordable Care Act was reinforced late last month by National Association of Chain Drug Stores president and chief executive officer Steve Anderson.
The restructuring of Walgreen Co.’s management team continues. Under the leadership of Sona Chawla, the chain’s new Digital and Marketing Division will combine and integrate e-commerce, enterprisewide marketing, and customer loyalty and insights.
It’s evident that John Standley is confident in Rite Aid’s strategic game plan, which has reinvigorated the company financially and in the marketplace.
Walmart has named company veteran Doug McMillon to take over as president and chief executive officer after Mike Duke retires at the end of next month. He has also joined Walmart’s board of directors.
CVS Caremark Corp. is buying Coram LLC from Apria Healthcare Group Inc. The $2.1 billion transaction — CVS Caremark’s largest deal in five years — was announced earlier this month. It will add specialty infusion services to the company’s offering.
Pharmacy organizations have praised last month’s enactment of a federal comprehensive supply chain and compounding law. The Drug Quality and Security Act boosts the Food and Drug Administration’s authority to regulate compounding pharmacies that ship drugs across state lines.
Peter McMahon has been named chief executive officer of Shopko Stores Operating Co., replacing interim CEO Michael Bettiga. A 30-year retail veteran, McMahon most recently was chief operating officer of Loblaw Cos., Canada’s leading supermarket operator.
Canada’s highest court dealt a blow to pharmacy chains earlier this month when it upheld Ontario’s ban on drug stores selling their own brands of private label generic drugs.
Walgreen Co. has opened what it says is the nation’s first net-zero energy retail store. Anticipated to produce energy equal to or greater than it consumes, the new store here employs a pair of wind turbines, nearly 850 solar panels and a geothermal system burrowed 550 feet into the ground.
London Drugs opened a novel store here late last month. The company’s 78th unit, the 36,720-square-foot store is London Drugs’ second outlet in Regina and introduces a new open concept area where consumers’ technology needs can be addressed.
Shoppers Drug Mart has revamped its Life Brand line of vitamins and supplements and launched an online tool to help customers find health products.
