Diplomat Pharmacy Inc. has purchased Burman’s Specialty Pharmacy in a deal valued at more than $82 million. Diplomat said Friday that Burman’s, located in the greater Philadelphia area, is a provider of individualized patient care with a primary focus on hepatitis C.
Rite Aid Corp. saw sales edge up and earnings decline for its fiscal 2016 first quarter, and the company for the first time gave full-year guidance that includes its pending acquisition of pharmacy benefit manager EnvisionRx.
With CVS Health running Target Corp.’s pharmacies and clinics, the discount chain will be better able to focus on providing wellness products and services throughout its stores, according to Target chairman and chief executive officer Brian Cornell.
WOONSOCKET, R.I. – CVS Health plans to acquire Target Corp.’s U.S. pharmacy and retail health clinics businesses for about $1.9 billion.
Independent drug chain Benzer Pharmacy is looking to acquire more pharmacies to fuel its expansion. The Tampa, Fla.
Walgreens has launched its Apple Watch app, designed to help people better adhere to their prescription medications. Also on Monday, the drug chain announced that its Balance Rewards loyalty program will integrate with Apple Pay, Apple’s secure mobile payment system.
FAYETTEVILLE, Ark. – Walmart’s board of directors has elected Greg Penner to serve as chairman. He succeeds Rob Walton, 70, who has served as chairman since 1992. Walmart said Friday that Walton will continue to serve on the board.
Cardinal Health Inc. plans to acquire pharmaceutical distributor The Harvard Drug Group (THDG) from private equity firm Court Square Capital Partners for $1.115 billion.
Comparable-store sales at Rite Aid Corp. rose in May despite almost flat results in the front end. The drug chain said Thursday that for the five weeks ended May 30, same-store sales gained 2.1% year over year. The company had reported a 3% comp-store sales increase for April. In the front
Sharon Driscoll, executive vice president and chief financial officer at Rexall/Katz Group Canada Ltd., is leaving the company to join Ritchie Bros., an industrial equipment auctioneer. Ritchie Bros. said Friday that Driscoll is set to start at the company on July 6 as chief financial officer.
Tim Theriault, executive vice president and global chief information officer at Walgreens Boots Alliance Inc., is stepping down as of June 1. Walgreens said Friday that Theriault is leaving the CIO position for personal reasons. He has served as the drug chain’s CIO for more than five years.
EDMONTON, Alberta – Former Shoppers Drug Mart chief executive officer Jürgen Schreiber has been named CEO of Rexall Health, a newly formed banner under the Katz Group.
Todd Vasos has been named to succeed Rick Dreiling as chief executive officer of Dollar General Corp. The dollar store chain said Thursday that Vasos, currently chief operating officer, also has been elected to the company’s board. He is slated to take the reins as CEO on June 3. “I am excited and
CVS Health has launched a new drug store banner in Florida that’s aimed at Hispanic consumers. Called CVS/pharmacy y más, the stores cater to Latino shoppers to connect them with their favorite brands, products and services.
Fruth Pharmacy will expand its footprint into another state this summer with its debut inside two FoodFair supermarkets. The regional drug chain said Tuesday that under a partnership with Forth Foods Inc.
Andy Giancamilli, a former chief executive officer of Katz Group Canada Ltd. and past chairman of the National Association of Chain Drug Stores, has been named interim president and CEO of 99 Cents Only Stores.
