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Issue 10-12-2015

More M&As expected to shake up retail Rx

More M&As expected to shake up retail Rx

As much as the chain drug industry has consolidated, there is room for more mergers and acquisitions. That’s evident from the M&A speculation swirling about the sector in the U.S. and Canada, as well as recent activity.

CVS grows health care arsenal

CVS grows health care arsenal

CVS/pharmacy is adding hearing centers in seven stores and providing optical services in another five. The hearing centers are debuting in greater Dallas and Cleveland, while the vision services will be unveiled around Washington, D.C./Baltimore.

HHS lays groundwork for ACA enrollment

HHS lays groundwork for ACA enrollment

The government vows to conduct an extensive outreach initiative during the Affordable Care Act’s upcoming open enrollment period in an attempt to enroll millions of eligible but difficult-to-reach Americans who have yet to sign up for health insurance.

Ritzman eyes pharmacy of future

Ritzman Pharmacy has entered into an agreement with Pharmacy Innovations LLC, an affiliate of Northeast Ohio Medical University, to create a “pharmacy of the future.” With a planned opening in January 2016, the pharmacy will be located in the NEOMED Education and Wellness (NEW) ­Center.

MTM gets a big lift from new CMS plan

A pilot program for an enhanced medication therapy management model for Medicare Part D has been welcomed by the National Association of Chain Drug Stores.

Walgreens rolls out payment service kiosks

Walgreens has launched Western Union Bill Payment services, provided via digital self-service kiosks, chainwide. The service will enable the drug chain’s customers to make payments to 15,000 billers in and outside the United States, according to Western Union Co.

Digital technology push accelerated by CVS

CVS Health has established two partnerships to drive faster innovation and expand areas of focus for connected health ­solutions. The company has joined with start-up accelerator MassChallenge and digital health venture fund Rock Health to propel digital health initiatives.

Keyes named Meijer president

After joining the company 26 years ago as a pharmacist, Rick Keyes has now become president of Meijer Inc. He takes over from J.K.

U.S. retailers make switch to EMV technology

Retailers this month became liable for credit card fraud if they did not upgrade point-of-sale equipment to accept chip-enabled cards. Chains had to be enabled for so-called EMV (Europay, MasterCard and Visa) cards as of October 1 to avoid liability for fraud.

CVS expands availability of opioid overdose remedy

CVS/pharmacy is reinforcing its long-standing commitment in the fight against the nationwide epidemic of prescription drug abuse. The retailer has expanded the availability of the opioid overdose reversal medicine, naloxone, in several states.

Supervalu CEO set to retire next year

Sam Duncan, president and chief executive officer of Supervalu Inc., plans to retire early next year. Duncan, 63, is due to step down on February 29. A search for a new CEO has begun, within and outside the company, Supervalu said.

H.D. Smith founder dies at age 87

Henry Dale Smith Sr., founder and chairman emeritus of H.D. Smith, the nation’s largest independent drug wholesaler, died at age 87. “The entire H.D. Smith family is deeply saddened by the loss of our founder and a pioneer in health care distribution,” said Henry Dale Smith Jr.

Coming year will be crucial for the industry

Coming year will be crucial for the industry

As the year 2015 winds down, the chain drug community must face the reality that the coming year will be unlike any that has preceded it. The same drug chains still rule the U.S. landscape. But the content of their character and the face of the people who guide them are vastly different than in