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Walgreens names new VP of digital health

Walgreens names new VP of digital health

Walgreens is promoting Greg Orr to vice president of digital health, taking over from Adam Pellegrini, who is leaving the company to join Fitbit Inc. A Walgreens spokeswoman confirmed late Wednesday that Orr, currently senior director of digital health, will assume the new role effective Sept. 1.

Pharmacy boosts CVS Health in second quarter

Pharmacy boosts CVS Health in second quarter

Rising PBM and specialty pharmacy sales and recently acquired pharmacy businesses lifted revenue at CVS Health Corp. for the second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. CVS Health said Tuesday that for the second quarter ended June 30, sales climbed 17.

Delhaize, Ahold close merger deal

Delhaize, Ahold close merger deal

Delhaize Group and Royal Ahold completed their merger, as expected, on July 23. The Europe-based food and drug retailers said Saturday that the $29 billion deal has received regulatory clearance from the U.S. Federal Trade Commission, and Delhaize Group chief executive officer Frans Muller and

Kroger to buy specialty pharmacy ModernHEALTH

Kroger to buy specialty pharmacy ModernHEALTH

Boosting its presence in the fast-growing specialty pharmacy arena, Kroger Co. has unveiled a deal for its Axium Pharmacy Holdings Inc. subsidiary to acquire Modern HC Holdings Inc., the parent of pharmacy services operator ModernHEALTH. Financial terms of the agreement weren’t disclosed.

Delhaize, Ahold to divest 86 U.S. stores

Delhaize, Ahold to divest 86 U.S. stores

The U.S. subsidiaries of Delhaize Group and Ahold NV have reached agreements with buyers to divest 86 stores in connection with the companies’ pending merger. Delhaize and Ahold said Thursday that all of the store divestitures — which includes locations from both companies’ U.S.

Walgreens Boots Alliance posts 3Q gains

Walgreens Boots Alliance posts 3Q gains

Walgreens Boots Alliance (WBA) saw sales and adjusted net earnings rise in its fiscal 2016 third quarter, with adjusted earnings per share exceeding Wall Street’s consensus forecast. WBA said Wednesday that its pending acquisition of Rite Aid Corp.

Jean Coutu store network sees 1Q sales uptick

Jean Coutu store network sees 1Q sales uptick

Sales gains in the front end helped lift revenue for the Jean Coutu Group retail store network in the company’s fiscal 2017 first quarter. Jean Coutu said Tuesday that for the first quarter ended May 28, sales for its franchise store network edged up 1.5% to nearly $1.