Continuing its aggressive growth and diversification, CVS Health has purchased Target Corp.’s pharmacy and clinic businesses for some $1.9 billion. The acquisition propels CVS past Walgreens as the nation’s No. 1 pharmacy operator by market share and store count.
CVS Health has unveiled an enhanced front end with a focus on health, beauty and consumables.
The Affordable Care Act has survived its second Supreme Court challenge, with a divided court agreeing with the Obama administration that government subsidies that make health insurance affordable for millions of poor and middle-class Americans should be available nationwide.
Walmart will begin charging most of its suppliers new fees for stocking their products in new stores and for storing them in its warehouses.
Kathee Tesija is leaving her post as executive vice president and chief merchandising and supply chain officer at Target Corp., moving into an advisory role with the retailer.
Walgreen Co. says that its Balance Rewards for healthy choices (BRhc) program, which awards loyalty points for healthy behaviors and activities, is helping members lose weight and driving better medication adherence among participants with hypertension and/or diabetes.
Rite Aid has completed its acquisition of Envision Pharmaceutical Services from private investment firm TPG and other shareholders in a transaction valued at about $2 billion, including about $1.8 billion in cash, and around 27.9 million Rite Aid shares.
CVS Health has officially opened its Digital Innovation Lab, a facility focused on developing cutting-edge services and personalized capabilities for an accessible and integrated pharmacy and health experience. The lab will be a hub for the company’s rapidly growing digital team.
Diplomat Pharmacy Inc. has acquired Burman’s Specialty Pharmacy in an $82.8 million deal. Burman’s, based in Pennsylvania, is a provider of individualized patient care with a primary focus on hepatitis C.
CVS Health has hired Norman de Greve as its chief marketing officer, effective July 15. De Greve joins CVS from DigitasLBi, where for the past year he served as head of the company’s Boston-Detroit region.
Kathy McElligott has been appointed executive vice president and chief information officer (CIO) and chief technology officer (CTO) at McKesson Corp.
It was a very productive spring for CVS Health. Already performing at a level that made it the envy of most other retailers and health care providers, the company took a series of steps in May and June that will increase its chances of success in several burgeoning sectors of the marketplace.
CVS’ announced intention to buy Target’s pharmacy and immediate care clinic businesses has stunned a mass retailing community already subject to numerous shocks this year.
