Panzer vows to keep NACDS focused on patients’ needs
Mark Panzer, chairman of the National Association of Chain Drug Stores, has been involved with the chain drug business for over 40 years.
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New look signals new approach to health care
This isn’t your father’s chain drug industry. It’s not even your older brother’s. The mergers of CVS Health and Aetna Inc. and Rite Aid Corp. and Albertsons Cos. are recasting two of the top three players and, in the process, redefining what it means to be a drug store operator.
Anderson spurs NACDS to anticipate what comes next
In the currently chaotic public policy environment, the ability of the National Association of Chain Drug Stores to remain both focused and nimble in support of its industry has been a huge asset to the NACDS membership.
Walgreens pilot brings together new approaches
Walgreens is launching a pilot program here that incorporates new approaches to pricing, promotions, product assortment and service offerings to create a new customer experience.
Fred’s looks to sell specialty pharmacy business
Fred’s Inc. has announced plans to sell its specialty pharmacy business. The disclosure led the company to delay publication of its fourth quarter and 2017 full-year results. An earnings call that was slated for today is now expected to be held May 4.
Kevin Hourican named president of CVS Pharmacy
Kevin Hourican has been promoted to president of CVS Pharmacy, the retail division of CVS Health.
Despite red ink, Rite Aid sees some progress
Rite Aid Corp. on Thursday reported net income of $767.1 million, or 73 cents per diluted share, for the fourth quarter ended March 3. The company showed a net loss from continuing operations of $483.7 million, or 46 cents per diluted share, for the quarter.
CVS Health aims to help patients save
CVS Health has revealed a new, comprehensive program designed to combat rising prescription drug prices and help patients save money on their medications.
Ahold Delhaize appoints Frans Muller as CEO
Ahold Delhaize announced on Thursday that Dick Boer will be stepping down as chief executive officer as of July 1 and will retire from the company. Frans Muller has been appointed as the new CEO, effective July 1.
CVS to focus on kidney care and dialysis treatment
CVS Health announced an exciting new initiative that will focus on chronic kidney disease and dialysis and builds upon the company’s focus on driving innovation in the management of chronic disease to help improve patient health outcomes while managing costs.
Walmart said to be in talks to acquire Humana
According to a report in The Wall Street Journal on Friday, Walmart and health insurer Humana are in early talks regarding a possible merger. WSJ says it isn’t clear what terms the companies may be discussing, and the story said there is no guarantee they will strike a deal. However, if they
McKesson takes steps to fight opioid epidemic
As the severity of the American opioid epidemic continues to deepen, government agencies — along with the White House — and private sector companies are joining the fight to stop it. On Thursday, McKesson Corp. announced a series of company initiatives aimed at combatting the crisis.
Walgreens Boots Alliance posts 2Q gains
Walgreens Boots Alliance (WBA) reported better-than-expected earnings and revenue on Wednesday when it announced results for the second quarter of fiscal 2018, which ended February 28. Overall, WBA earned $1.73 a share, up 27% versus a year ago. Revenue grew 12.1% to $33.02 billion.
Five ways Amazon can jump into health care
Online retail giant Amazon will enter the broader health care market — it’s just a question of how, according to global management consulting firm L.E.K. Consulting. In a new report released yesterday, L.E.K.
Walgreens raises beauty to an even higher level
The elevation of beauty at Walgreens continues to take the category to new heights. The retailer has just completed the second phase of the Walgreens Beauty Differentiation concept rollout, diversifying its department mix with new brands and tonics.
Former Lilly CFO to head CVS Caremark
CVS Health has named former Eli Lilly and Co. chief financial officer Derica Rice as president of its CVS Caremark pharmacy benefit management unit. Plans call for Rice to take the helm at CVS Caremark on March 30, CVS said late Tuesday.