CVS Health reports rise in revenue for 3Q
CVS Health posted sales gains in both its retail pharmacy and pharmacy services businesses for the 2015 third quarter, with adjusted earnings per share (EPS) finishing in line with analysts’ projections.
Featured Articles
Senators urge close scrutiny of WBA-Rite Aid deal
Two U.S. senators with oversight for antitrust issues have called on federal regulators to take a close look at Walgreens Boots Alliance Inc.’s $17.2 billion deal to acquire Rite Aid Corp. Sen. Mike Lee (R.
It’s official: Walgreens to buy Rite Aid for $17.2B
After headlines surfaced earlier in the day, Walgreens Boots Alliance Inc. made it official: The company has reached a deal to acquire Rite Aid Corp. for a total value of $17.2 billion. The companies announced the deal late Tuesday. Under the agreement, Walgreens Boots Alliance will buy Rite
Report: Walgreens in talks to buy Rite Aid
Walgreens Boots Alliance is in discussions about a possible acquisition of Rite Aid Corp., the Wall Street Journal reported. The Journal report said Tuesday that the talks are advanced and that a deal could be announced as soon as Wednesday.
Study: Appointment-based med sync gets results
Pharmacies offering appointment-based medication synchronization (ABMS) can improve patients’ adherence to their prescriptions and, in turn, produce better health outcomes, a study conducted for the National Community Pharmacists Association and Arkansas Pharmacists Association finds.
Obama rallies public/private efforts vs. drug abuse
The pharmacy industry is doing its part to help stem the tide of prescription drug abuse and heroin use as part of wide-ranging, public- and private-sector efforts announced this week by President Barack Obama. At a community forum in Charleston, W.Va.
MinuteClinic hits the 1,000 mark
MinuteClinic, the walk-in medical clinic segment of CVS Health, has opened its 1,000th location nationwide. CVS said its newest clinic opened its doors Thursday on Dupont Circle in Washington, D.C.
Industry stresses value of MTM
For a congressional hearing on medication therapy management, the National Association of Chain Drug Stores emphasized the value of pharmacists in providing MTM services, especially in improving medication adherence, patient health and health care affordability for Medicare patients.
Health Mart kicks off Town Hall events tour
Through early 2016, Health Mart plans to host more than 100 Town Hall continuing education events nationwide to promote medication synchronization programs among its member pharmacies.
CVS/pharmacy promotes preventive care
CVS Health has commenced its annual free health screening campaign, Project Health, which will visit select CVS/pharmacy stores in key markets nationwide.
Provider status bill builds momentum
Congressional support continues to mount for the pharmacy industry’s push for pharmacists to be designated as health care providers. The American Pharmacists Association (APhA) reported that a majority of the U.S.
Walmart names new chief merchant for U.S. stores
Walmart has promoted Steve Bratspies to chief merchandising officer for Walmart U.S., the retail giant’s largest business unit. Bratspies currently serves as executive vice president of food for Walmart U.S.
Pharmacy fuels 2Q sales at Jean Coutu stores
Gains in the pharmacy offset slow front-end business to lift sales for Jean Coutu Group’s retail store network in the fiscal 2016 second quarter. Jean Coutu said Wednesday that for the second quarter ended Aug. 29., revenue for the franchised store network rose 2.6% to nearly $1.
Walmart plans ‘America’s biggest health fair’
This Saturday, Walmart plans to hold what it calls “America’s biggest health fair.” The retail giant said Tuesday that it will offer free blood glucose, blood pressure and vision screenings along with product samples and health insurance information at more than 4,400 stores nationwide on Oct. 10.
CVS to roll out hearing, optical services
CVS/pharmacy plans to add hearing centers in seven stores and provide optical services in another five stores.
September same-store sales rise at Rite Aid
Same-store sales at Rite Aid Corp. edged up in September despite flat results in the front end. Rite Aid said Thursday that for the four weeks ended Sept. 26, comparable-store sales rose 1.5% year over year, about the same as the 1.6% comp-store gain in August. Front-end same-store sales dipped 0.1%