Cardinal Health to buy Harvard Drug Group
Cardinal Health Inc. plans to acquire pharmaceutical distributor The Harvard Drug Group (THDG) from private equity firm Court Square Capital Partners for $1.115 billion.
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Rite Aid sees comp-store sales edge up in May
Comparable-store sales at Rite Aid Corp. rose in May despite almost flat results in the front end. The drug chain said Thursday that for the five weeks ended May 30, same-store sales gained 2.1% year over year. The company had reported a 3% comp-store sales increase for April. In the front
Drug distributors reap benefits of tech investment
The rapid adoption of new technology is making the drug distribution industry healthier than ever.
AmerisourceBergen plans three new DCs
AmerisourceBergen Corp. is set to begin construction on three new distribution centers, to be located in Olive Branch, Miss.; Shakopee, Minn.; and Newburgh, N.Y. AmerisourceBergen said Monday that building for the new facilities is slated to start this summer and take 18 to 24 months to complete.
Walgreens CIO Tim Theriault to step down
Tim Theriault, executive vice president and global chief information officer at Walgreens Boots Alliance Inc., is stepping down as of June 1. Walgreens said Friday that Theriault is leaving the CIO position for personal reasons. He has served as the drug chain’s CIO for more than five years.
Rexall appoints Schreiber as chief executive
EDMONTON, Alberta – Former Shoppers Drug Mart chief executive officer Jürgen Schreiber has been named CEO of Rexall Health, a newly formed banner under the Katz Group.
Shoppers Drug Mart enhances Optimum
Shoppers Drug Mart has enhanced its Shoppers Optimum loyalty program with a new platform designed to bring a personalized digital experience. Called “My Optimum. My Rewards.
CVS launches Hispanic drug store banner
CVS Health has launched a new drug store banner in Florida that’s aimed at Hispanic consumers. Called CVS/pharmacy y más, the stores cater to Latino shoppers to connect them with their favorite brands, products and services.
Washington state leads way with provider status
A law that makes Washington the first state to grant provider status to pharmacists goes into effect this summer. Washington Gov. Jay Inslee (D.
CVS Health to buy Omnicare for $12.7 billion
CVS Health is entering a new market segment with a $12.7 billion deal to acquire Omnicare, a provider of pharmacy services to long-term care facilities.
Walgreens’ Filler innovates across value chain
Linda Filler, president of retail products and chief merchandising officer at Walgreens, has always been fascinated by how consumers’ needs and wants translate into purchases.
Walgreens to provide free hepatitis C tests
Beginning later this summer, the Chronic Liver Disease Foundation and Walgreens will provide free hepatitis C testing at more than 60 of the drug chain’s pharmacies in 12 cities across the country.
Walgreens executes on single customer strategy
Richard Ashworth has an unprecedented role at Walgreens.
Panzer to head pharmacy at Albertsons
Mark Panzer is stepping down as president and chief executive officer of Pharmaca Integrative Pharmacy to become senior vice president of pharmacy, health and wellness at AB Acquisition LLC, the parent company of food and drug chains Albertsons and Safeway.
CVS to offer employees incentives to quit smoking
Next month, CVS Health plans to launch an employee smoking cessation program that reflects the findings of new research and continues the company’s efforts to reduce tobacco use.
Pharmaca flourishes as omnichannel retailer
With solid sales growth in its stores, an expanding e-commerce business and a successful loyalty program, Pharmaca Integrative Pharmacy is well-positioned for continued success as it maintains its plans for steady expansion as an innovative omnichannel retailer in health and beauty.