CVS Health and IBM are pooling their expertise in predictive analytics and leveraging the information technology giant’s Watson cognitive computing platform to improve care management for patients with chronic diseases.
David Taylor, Procter & Gamble Co.’s group president of global beauty, grooming and health care, has been chosen to succeed A.G. Lafley as the company’s president and chief executive officer. P&G said late Tuesday that Taylor is slated to take the helm as CEO on Nov.
Teva Pharmaceutical Industries Ltd. plans to buy Allergan’s generic drug business for about $40.5 billion and, with the deal, has withdrawn its proposal to acquire Mylan N.V. for approximately $40 billion. Teva said Monday that Dublin, Ireland-based Allergan will receive $33.
Cardinal Health Inc. recognized the patient care and performance achievements of three community pharmacies at its Retail Business Conference (RBC) event this week in Las Vegas. Cardinal on Friday said that Medicine Shoppe Pharmacy in Whiting, N.J.
Shoppers Drug Mart saw revenue and same-store sales climb in the fiscal 2015 second quarter at parent Loblaw Cos. Loblaw said Thursday that for the 12 weeks ended June 20, Shoppers Drug Mart’s sales totaled $2.689 billion, up 3.1% from $2.476 billion a year earlier. In the front end, sales rose 3.2%
Chester “Chip” Davis has been named president and chief executive officer of the Generic Pharmaceutical Association (GPhA), taking over from Ralph Neas, who is stepping down.
Rite Aid Corp. has officially opened HealthSpot telehealth stations in 25 of its drug stores in Ohio.
The retail health clinic market is seeing competition intensify as the leading players expand their reach with new locations. Market leader MinuteClinic, part of CVS Health, got a big boost last month with CVS’ $1.9 billion deal to buy the pharmacy and clinic business of Target Corp.
Jeff Berkowitz, executive vice president at Walgreens Boots Alliance and president of Pharma and Global Market Access, has left the company.
CVS Health, Walgreens, Walmart and Target are among more than a dozen U.S.-based companies forming the 100,000 Opportunities Initiative, an employer-led coalition that aims to create pathways to jobs for America’s young people.
The U.S. House of Representatives has passed the 21st Century Cures Act (H.R. 6), which the National Association of Chain Drug Stores said will speed the pace of cures and medical breakthroughs and position pharmacy to play a pivotal role in the delivery of new drug treatments to patients.
Walgreens Boots Alliance Inc. announced executive vice chairman Stefano Pessina as its permanent chief executive officer in reporting increased sales and earnings for its fiscal 2015 third quarter. The company said Thursday that its board of directors appointed Pessina as CEO, effective immediately.
BOISE, Idaho – Food and drug retailer Albertsons Cos. is looking to go public. The company on Wednesday said that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of common stock.
Pharmacy and over-the-counter drug sales helped drive revenue gains in the fiscal 2016 first quarter for the Jean Coutu Group’s retail store network. The Canadian drug chain said Tuesday that for the first quarter ended May 30, sales for the franchised store network rose 4.4% to nearly $1.
Dollar Tree Inc. has finalized its deal to acquire rival Family Dollar Stores Inc. Dollar Tree said Monday that under the merger agreement announced and unanimously approved by each company’s board in July 2014, Family Dollar shareholders will receive $59.60 in cash and 0.
Rite Aid Corp. posted a 2.4% same-store sales gain for June. Front-end comparable-store sales increased 0.3% over the prior-year period. Pharmacy same-store sales, which included a negative impact from new generic introductions of about 226 basis points, increased 3.4%.
