As permanent CEO, Pessina brings stability to WBA
As chief executive officer of Walgreens Boots Alliance Inc. (WBA), Stefano Pessina says he will provide management stability, enabling the company to focus on its operational and strategic tasks.
Issue 08-10-2015
Rising health care costs still a challenge
Total U.S. health care spending growth is expected to average 5.8% in aggregate over the 2014-2024 period, according to a report published in Health Affairs and written by members of the Centers for Medicare & Medicaid Services’ Office of the Actuary.
Everett named exec VP of operations at Rite Aid
Rite Aid Corp. has announced the appointment of Bryan Everett as executive vice president of store operations, effective August 3. He is one of three recent additions to the company’s executive ranks. Everett’s appointment was announced in late June.
IBM’s Watson to give CVS insights
CVS Health and IBM Corp. are partnering to provide patients suffering from chronic diseases with improved services for health care management.
Rx seeks a bigger role in Medicaid, Medicare
Medicare and Medicaid recently passed the half-century mark, and the National Association of Chain Drug Stores envisions an enhanced role for pharmacists in both programs, particularly Medicaid. Congress, too, is looking for opportunities to strengthen and sustain Medicaid.
Diplomat steps to the fore in specialty Rx
Diplomat Pharmacy Inc. is a growing company in a quickly growing industry. The specialty pharmacy provider has made the most of its independence, says chairman and chief executive officer Phil Hagerman, and continues to do so after last year’s initial public offering.
Rite Aid opens first HealthSpot stations
One of the nation’s leading retail drug chains has teamed up with a pioneer in patient- and provider-driven health care technology. Last month, Rite Aid Corp. and HealthSpot announced the opening of HealthSpot stations in 25 Rite Aid pharmacies in Ohio.
Berkowitz steps down at WBA
Jeff Berkowitz, president of Pharma and Global Market Access at Walgreens Boots Alliance Inc., has left the company. Berkowitz also was a WBA executive vice president.
Loblaw intends to close 52 stores
Loblaw Cos. will shutter 52 underperforming stores, including Shoppers Drug Mart units, over the next year, giving up revenue to boost its bottom line. Canada’s No.
Jack Futterman dies at age 82
Jack Futterman, who during the 1990s served as chairman and chief executive officer of Pathmark Stores Inc. and also a term as chairman of the National Association of Chain Drug Stores, has died at age 82.
How suppliers can help Walgreens amp up beauty care
Selling into a retail chain as large as Walgreens can be a formidable challenge for even the largest supplier, let alone a fledgling player.
IPO in the works at Albertsons
Albertsons Cos., the nation’s second-largest supermarket company and one of the biggest retail pharmacy operators, plans to go public. The company filed a registration statement last month with the Securities and Exchange Commission for an initial public offering of common stock.
Consolidation hits health insurance industry
Chain drug retailers have gotten used to dealing with fewer, and larger, drug makers, wholesalers and pharmacy benefit managers over the years. Retailers themselves have also consolidated, and now a merger wave has washed over the health insurance industry.
Medicine Take-Back Campaign under way in Canada
Shoppers Drug Mart (SDM) and the Partnership for a Drug-Free Canada (PDFC) are collaborating on the third National Medicine Take-Back Campaign, to be held through December 2015, and a new partnership with Loblaw Pharmacy will increase the number of pharmacies participating in the campaign to 1,800 n
SDM backs effort to help seniors overcome depression
Shoppers Drug Mart (SDM), the Canadian government and the Canadian Coalition for Seniors’ Mental Health (CCSMH) have teamed up to help seniors dealing with depression and thoughts of suicide.
Drones may be next big thing in photo section
London Drugs, which boasts of having a long history of embracing new ideas and products, especially in cameras and photofinishing, says consumer drones are the next big evolution in action video and aerial photography.