CVS Health to buy Omnicare for $12.7 billion
CVS Health is entering a new market segment with a $12.7 billion deal to acquire Omnicare, a provider of pharmacy services to long-term care facilities.
Business
Meijer to acquire specialty pharmacy Aureus
Meijer Inc. has entered an agreement to buy Aureus Health Services, a national specialty pharmacy and health management service provider. Financial terms of the deal weren’t disclosed.
Walgreens’ Filler innovates across value chain
Linda Filler, president of retail products and chief merchandising officer at Walgreens, has always been fascinated by how consumers’ needs and wants translate into purchases.
Bartell Drugs set to open new store
This week, Bartell Drugs plans to open its 63rd store, located in Lynnwood, Wash.
Walgreens executes on single customer strategy
Richard Ashworth has an unprecedented role at Walgreens.
Delhaize, Ahold explore possible merger
NEW YORK – Delhaize Group of Belgium and Netherlands-based supermarket operator Royal Ahold N.V. are in talks about a potential merger. Both companies confirmed Tuesday that they are engaged preliminary discussions to explore the opportunity of combining the two companies.
Pharmaca flourishes as omnichannel retailer
With solid sales growth in its stores, an expanding e-commerce business and a successful loyalty program, Pharmaca Integrative Pharmacy is well-positioned for continued success as it maintains its plans for steady expansion as an innovative omnichannel retailer in health and beauty.
Walmart to buy 13 Target Canada stores
Walmart Canada has agreed to acquire one distribution center, 12 store leases and one owned property from Target Canada $165 million (Canadian).
Shoppers Drug Mart comp-store sales up in 1Q
Shoppers Drug Mart saw same-store sales rise in the fiscal 2015 first quarter, posting year-over-year gains in both the front end and the pharmacy. Parent Loblaw Companies Ltd. said that for the first quarter ended March 28, comparable-store sales at the drug chain climbed 3.
CVS Health gets 1Q boost from PBM
Citing a strong performance by its pharmacy benefit management business, CVS Health posted a double-digit sales gain for the first quarter, with adjusted earnings topping Wall Street’s projections. CVS said Friday that net sales for the three months ended March 31 totaled $36.33 billion, up 11.
April same-store sales gain at Rite Aid
Rite Aid Corp. saw comparable-store sales rise in April despite a negative impact from the timing of this year’s Easter holiday.
Sales at Jean Coutu rise in 4Q, full year
The Jean Coutu Group reported increased corporate and retail store sales for its fiscal 2015 fourth quarter and full year but saw net income dip in both periods. The Canadian drug chain said Wednesday that for the fourth quarter ended Feb. 28, sales in its franchised store network total $1.
Lewis Drug steps up its pace of expansion
Last year brought dramatic expansion for Lewis Drug, as it acquired 12 stores in three states. The pickups brought the chain’s store count at the start of 2015 to 46, and more purchases are in the works. In the first half of 2014 the retailer bought a half-dozen independent outlets across
Discount Drug Mart stays on growth path
Discount Drug Mart marked its third consecutive year of improvement in 2014, as sales climbed 6.5% to some $621 million. The 72-store Ohio drug chain saw front-end dollar volume rise 3.5%, yet the big gain came in pharmacy, where sales jumped 7.2%. Home health care recorded a 4.
WBA sees ‘a significant opportunity’ ahead
Walgreens Boots Alliance Inc. has the size and scope to be “one of the companies that helps shape the future of health care, pharmacy and retail on a global basis,” executive vice president and acting chief executive officer Stefano Pessina said at the company’s Analyst Day event.
Walgreens aims to up the ante in pharmacy
Walgreen Co. is revamping its customer experience and cutting costs to recapture its position as America’s “most loved” pharmacy, chain president Alex Gourlay told analysts at the first Walgreens Boots Alliance Analyst Day event here. “The reality is we’re no longer No. 1 in pharmacy volume.