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2016

CVS, OptumRx are teaming up

CVS Pharmacy is partnering with OptumRx, the PBM subsidiary of UnitedHealth Group, to boost convenience and lower costs for consumers and clients while improving outcomes.

Optimism surrounds holiday shopping season

Optimism surrounds holiday shopping season

Pervasive optimism over the economy and strong early online sales signaled a robust holiday shopping season. Economic growth, a lack of inflation, rising wages and low unemployment have buoyed consumers and augured a willingness to spend significantly through December.

McKesson Canada taps Keays as president

Sixteen-year company veteran Paula Keays has been promoted to president of McKesson Canada. Keays had been senior vice president of pharmaceutical distribution and operations.

Fruth Pharmacy embraces pharmacogenetics

In an effort to enhance the efficacy and safety of taking medication, Fruth Pharmacy is offering the Rxight pharmacogenetics program from MD Labs for its patients.

Rite Aid courts American Express members

Rite Aid Corp. is providing American Express cardholders extra incentive to shop at Rite Aid by offering those participating in the Membership Rewards program the opportunity to use rewards points for eligible purchases.

Chain drug industry looks ahead at uncertain future

Chain drug industry looks ahead at uncertain future

as much for the uncertainty of the future as for the problems of the past. As November ended and December began, the National Association of Chain Drug Stores brought industry leaders together in New York City for NACDS Week in

Value of NACDS evident as new era dawns

Value of NACDS evident as new era dawns

At the start of the month the National Association of Chain Drug Stores concluded a series of successful events in the nation’s economic and cultural capital.

Trump win raises questions about future of health care

Trump win raises questions about future of health care

If Obama­care is repealed, what will replace it? That is the question in the aftermath of the election of Donald Trump as president. Trump has vowed to “repeal and replace” the Affordable Care Act as his first act in office.

CVS aims to become more lean and efficient

CVS aims to become more lean and efficient

CVS Health said it will eliminate about 600 corporate jobs over the next couple of months. The job cuts will be made primarily at CVS corporate offices in Rhode Island, Illinois and Arizona, the company said.

Walgreens hits Theranos with breach-of-contract suit

Walgreens filed a breach-of-contract lawsuit against Theranos Inc., its former lab-testing partner, seeking damages of $140 million. The damages figure represents the amount that the drug store chain said it invested in the Palo Alto, Calif.-based health technology company.

Walmart, Kroger top Kantar PoweRanking

Walmart and Kroger Co. finished in a virtual tie as the top retailer in the 2016 PoweRanking determined by consulting firm Kantar Retail LLC. PepsiCo and Coca-Cola Co. were at the top of the rankings of manufacturers in this year’s survey. Walmart has been atop the retailer rankings for more than a