2018
CVS Health unveils outlook for fiscal 2018
CVS Health executives expressed confidence in the company’s growth strategy earlier this month, and also noted that the recently passed tax overhaul packaged should boost its cash flow by an estimated $1.2 billion.
Fight against Rx abuse stepped up at Fruth
Drug abuse, including the abuse of prescription painkillers, has reached epidemic proportions in the U.S., and Fruth Pharmacy, based here, is on the front lines of the fight, says Lynne Fruth, the company’s chairman and president.
ACA enrollment remains steady
Nearly 9 million people signed up for health insurance in the Affordable Care Act’s latest open enrollment period, despite the Trump administration having cut its duration in half. The 8.
Regional chains don’t settle for status quo
With the National Association of Chain Drug Stores gearing up for its annual NACDS Regional Chain Conference, which will run from February 4 through February 6 in Fort Lauderdale, Fla., it is a good moment to appraise that segment of the community pharmacy industry.
Patients, not PBMs, should choose pharmacy
In recent testimony before the House of Representatives Energy and Commerce Subcommittee on Health, National Community Pharmacists Association (NCPA) chief executive officer B.
H-E-B’s Martin Otto wins leadership award
Even the best-run, most effective organizations can benefit from occasionally reconsidering their work in a new light. The National Association of Chain Drug Stores is a case in point.
Kevin Hourican honored as top pharmacy exec
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.
Alex Gourlay named Retailer of the Year
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.
New tax code eliminates ACA individual mandate
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.
Loblaw gives promotions to Motz, Leger
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.
Holiday selling season good for drug chains
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%.
Dimos selected to oversee Health Mart for McKesson
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.
SDM gears up to sell medical marijuana
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.
Arbor Drugs’ Eugene Applebaum dies at age 81
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
