AmerisourceBergen Corp. has finalized its acquisition of PharMEDium Healthcare Holdings Inc., a national provider of outsourced compounded sterile preparations (CSPs) to acute care hospitals. AmerisourceBergen announced the $2.
A U.S. Senate committee has begun a probe of recent spikes in pharmaceutical pricing. Sens. Susan Collins (R., Maine) and Claire McCaskill (D., Mo.
Walgreens Boots Alliance (WBA) Inc. has indicated that as many as 1,000 stores could be divested to gain regulatory approval for its deal to acquire Rite Aid Corp. In an investor presentation filed Monday with the Securities and Exchange Commission, WBA said the the $17.
CVS Health posted sales gains in both its retail pharmacy and pharmacy services businesses for the 2015 third quarter, with adjusted earnings per share (EPS) finishing in line with analysts’ projections.
Zacks Investment Research stock strategists Tracey Ryniec and David Bartosiak discussed with Zacks’ Terry Ruffolo the Walgreens Boots Alliance’s proposal to acquire Rite Aid Corp. for $9 per share in cash, and assumption of debt, for a total value of $17.2 billion.
Comparable pharmacy results helped offset a same-store sales dip in the front end at Rite Aid Corp. for October. Rite Aid said Thursday that for the four weeks ended Oct. 24, comparable-store sales inched up 1% year over year, reflecting a 0.5% decrease in the front end and a 1.7% gain
Two U.S. senators with oversight for antitrust issues have called on federal regulators to take a close look at Walgreens Boots Alliance Inc.’s $17.2 billion deal to acquire Rite Aid Corp. Sen. Mike Lee (R.
Allergan plc and Pfizer Inc. have confirmed they’re exploring a possible combination. Dublin, Ireland-based Allergan released a statement Thursday saying it’s in early talks with Pfizer about a possible deal, and Pfizer later affirmed Allergan’s statement.
Rite Aid Corp. chief financial officer Darren Karst has been promoted to senior executive vice president and added the title of chief administrative officer. Rite Aid said late Wednesday that the appointment is effective immediately. Karst previously was executive vice president and CFO.
The morning after announcing its blockbuster deal to acquire Rite Aid Corp., Walgreens Boots Alliance Inc. reported earnings for its fiscal 2015 fourth quarter and full year that topped Wall Street’s forecast. The company — closing its first full year following the combination of Walgreen Co.
After headlines surfaced earlier in the day, Walgreens Boots Alliance Inc. made it official: The company has reached a deal to acquire Rite Aid Corp. for a total value of $17.2 billion. The companies announced the deal late Tuesday. Under the agreement, Walgreens Boots Alliance will buy Rite
Walgreens Boots Alliance is in discussions about a possible acquisition of Rite Aid Corp., the Wall Street Journal reported. The Journal report said Tuesday that the talks are advanced and that a deal could be announced as soon as Wednesday.
MinuteClinic, the walk-in medical clinic segment of CVS Health, has opened its 1,000th location nationwide. CVS said its newest clinic opened its doors Thursday on Dupont Circle in Washington, D.C.
Independent community pharmacies are making strides in diversifying their revenue despite pressure from thinning prescription reimbursements and narrow pharmacy networks, according to the National Community Pharmacists Association.
As much as the chain drug industry has consolidated, there is room for more mergers and acquisitions. That’s evident from the M&A speculation swirling about the sector in the U.S. and Canada, as well as recent activity.
Walmart has promoted Steve Bratspies to chief merchandising officer for Walmart U.S., the retail giant’s largest business unit. Bratspies currently serves as executive vice president of food for Walmart U.S.
