McKesson’s Hammergren to retire, Tyler named CEO
McKesson Corp. announced that John Hammergren, chairman and chief executive officer, has decided to retire, effective March 31, 2019.
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CVS Pharmacy pilots CarePass program in Boston
CVS Pharmacy announced on Wednesday that customers in the greater Boston area can enroll in CarePass, a new pilot membership rewards program offering additional benefits to the company’s popular ExtraCare Rewards Program.
Rite Aid announces results of stockholder voting
Rite Aid Corp. announced the preliminary results of stockholder voting that took place during the Company’s 2018 Annual Meeting of Stockholders earlier today. As previously announced, Bruce Bodaken was appointed chairman effective as of the meeting.
CVS says managed care model can save millions
New research from CVS Health shows that state Medicaid programs that use a Managed Care Organization (MCO) and a contracted pharmacy benefit manager (PBM) to administer prescription drug coverage have significantly lower overall drug costs than those states that manage their own formulary.
Walgreens expands medication disposal program
Walgreens today announced it is expanding its effort to combat the opioid epidemic as it encourages Americans to clean out their medicine cabinets in advance of Drug Enforcement Administration sponsored National Prescription Take Back Day on Saturday October 27.
McKesson relaunches life sciences business
McKesson Corp. announced that it has relaunched its biopharmaceutical services business under its U.S. Pharmaceutical and Specialty Health business unit as McKesson Life Sciences.
Rite Aid rolls out Medicare Advisor tool
As the annual Medicare Part D election period gets underway, from now through Dec. 7, 2018, Medicare-eligible customers can visit Rite Aid pharmacies nationwide to take advantage of free resources that help them select the right prescription drug plan (PDP) or update existing coverage for 2019.
Sears files for Chapter 11 bankruptcy
Sears Holdings Corp., the corporate parent of two storied firms that once ranked as the nation’s two largest retailers, announced Monday morning that it had filed for Chapter 11 bankruptcy.
CVS urges safe dispose of prescription drugs
CVS Health is encouraging consumers to clean out their medicine cabinets and safely dispose of unused prescription medication on National Prescription Drug Take-Back Day, this October 27.
Walgreens delivers double-digit growth in earnings
Walgreens Boots Alliance posted mixed fourth quarter results, as earnings beat expectations but sales fell short of projections. Adjusted net earnings for the quarter ended August 31 rose 4.5% to $1.4 billion, up 4.5% on a constant currency basis, from a year ago.
NACDS participates in signing of “gag clause” bills
ARLINGTON, Va. – At the invitation of the White House, the National Association of Chain Drug Stores (NACDS) today participated with President Trump in the signing ceremony for the Patient Right to Know Prices Act (S. 2554) and the Know the Lowest Price Act (S. 2553).
DOJ greenlights CVS-Aetna merger
The Department of Justice gave preliminary approval Wednesday for CVS Health’s acquisition of Aetna Corp., which the two companies say will remake health care.
Walgreens mobilizes in advance of Hurricane Michael
Walgreens is taking proactive measures to assist customers, team members and communities in the projected path of Hurricane Michael, and is preparing to fully support impacted regions in the storm’s aftermath.
Walgreens and Birchbox offer new beauty experience
Walgreens and online beauty retailer Birchbox are teaming up to build Birchbox retail experiences within select Walgreens stores.
Kroger, Walgreens working on pilot program
DEERFIELD, Ill. – Kroger Co. and Walgreens are teaming up to work on an exploratory pilot program with a new format and concept that combines Kroger’s role as America’s grocer and food authority with Walgreens global expertise in pharmacy, health and beauty.
UnitedHealth acquires Genoa Healthcare
UnitedHealth Group has confirmed that its OptumRx division for pharmacy services is combining operations with Genoa Healthcare, which runs 435 pharmacies in behavioral health centers in 46 states.