Rite Aid Corp. is purchasing the assets and intellectual property of bankrupt telehealth kiosk provider HealthSpot. A Rite Aid spokeswoman confirmed Tuesday that the company won an auction this week for the HealthSpot assets with a $1.15 million bid.
Players in the retail pharmacy space accounted for three of the top 10 spots in the 2016 Fortune 500 list of the nation’s largest companies by revenue. Coming in again at No. 1 overall on the annual list, released this week, was the world’s largest retailer, Walmart, with sales of $482.13 billion.
AmerisourceBergen Corp. has done much to redefine the role of the pharmaceutical wholesaler in recent years. The company has augmented its core drug distribution operation with a variety of capabilities that better position it to help business partners throughout the supply chain succeed.
Walmart used its 2016 shareholders meeting to drive home the message that the customer is boss and the key to the retailer’s ability to grow. “Our mission is clear,” Doug McMillon, Walmart’s president and chief executive officer, said at the June 3 Walmart annual shareholders meeting.
Diplomat Pharmacy Inc. has wrapped up its $75 million acquisition of TNH Advanced Specialty Pharmacy. Van Nuys, Calif.
Johnson & Johnson Consumer Inc. plans to acquire Vogue International, maker of the OGX hair care brand, for about $3.3 billion in cash.
Ulta Beauty posted robust sales and earnings gains for its fiscal 2016 first quarter. The beauty care retailer said last week that net sales for the quarter ended May 2 surged 23.7% year over year to nearly $1.074 billion. Comparable sales, including stores and e-commerce, were up 15.
Walgreens Boots Alliance (WBA) Inc. has announced a $6 billion debt offering to help finance its $17.2 billion deal to acquire Rite Aid Corp.
Dr. Reddy’s Laboratories Ltd. has acquired six over-the-counter health product brands from Ducere Pharma LLC. Financial terms of the agreement weren’t disclosed. India-based Dr. Reddy’s, which has its U.S. office in Princeton, N.J.
Activist investor Barry Rosenstein, managing partner of hedge fund JANA Partners LLC, has stepped down from the Walgreens Boots Alliance (WBA) Inc. board after reducing his investment in the company.
Nordstrom executive Mark Tritton has joined Target Corp. as executive vice president and chief merchandising officer.
McKesson Corp. and Walmart have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and Walmart said Monday that the expanded relationship is “a natural next step.” The companies will collaborate on sourcing generics for their U.
Helayna Minsk has joined Walgreens as group vice president of retail brands. A former Johnson & Johnson executive, Minsk takes over that role from Beth Stiller, who in late March left Walgreens to join Massage Envy as chief commercial officer.
AmerisourceBergen Corp. has extended its strategic partnership with Walgreens Boots Alliance (WBA) Inc. for another three years.
CVS Health reported strong sales gains and topped Wall Street’s consensus earnings forecast for the 2016 first quarter. CVS said Tuesday that for the three months ended March 31, overall revenue climbed 18.9% to $43.2 billion from $36.3 billion a year earlier.
Ward Klein is slated to retire as executive chairman of Edgewell Personal Care Co. this summer and be succeeded by David Hatfield, president and chief executive officer.
