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Issue 11-06-2017

McKesson sees exit of key exec

Patterson Cos. has hired Mark Walchirk, a key executive at McKesson Corp., as its next president and chief executive officer, with a starting date of November 20. Walchirk will succeed James Wiltz, who has been serving in those roles on an interim basis since the departure of Scott Anderson on June

Transformational deal weighed by CVS

Transformational deal weighed by CVS

At presstime The Wall Street Journal along with other news agencies reported that CVS Health will offer more than $200 per share, or about $66 billion, to purchase the health insurance giant Aetna Inc. Anonymous sources cited by WSJ originated the story about a potential CVS-Aetna deal.

WBA to shut 600 stores in Rite Aid integration

WBA to shut 600 stores in Rite Aid integration

Walgreens Boots Alliance Inc. (WBA) is developing the picture of its future store base after turning the page on a nearly two-year process triggered by its proposed merger with Rite Aid Corp. Beginning next spring, WBA plans to shut 600 stores under an 18-month program to rationalize its U.S.

NACDS offers ideas on combatting opioid crisis

It’s clear that America’s growing opioid epidemic is getting worse. Last month President Trump stopped short of declaring the crisis a national emergency and directed the Department of Health and Human Services to declare the opioid crisis a public health emergency instead.

Prospects for compromise on ACA unclear

The future of the bipartisan bill to stabilize health insurance markets remained uncertain after President Trump sent mixed signals about the health reform legislation.

Congressman learns about Rx market

Congressman learns about Rx market

Rep. Tom Suozzi (D., N.Y.) got an education on drug cost dynamics during a tour of oncology pharmacy Onco360 here with members of the National Association of Specialty Pharmacy (NASP).

Griffith gets promotion at Rite Aid

Rite Aid Corp. has named Derek Griffith executive vice president of store operations. Griffith had been serving as senior vice president of operations in the retailer’s Northeast and Midwest regions.

Crncich, cofounder of Big V drug chain, dies at 87

Big V Drug Stores cofounder Tony Crncich passed away October 18. He was 87. Crncich is being remembered for his storied career as builder of one of the largest retail pharmacy chains in Ontario. The chain he helped launch in 1962 grew to encompass 135 stores. Big V — at the time

In-store medication disposal kiosks installed at CVS

CVS Health has expanded its safe medication disposal program with in-store kiosks. The new disposal units inside 750 CVS Pharmacy stores will add to the more than 800 CVS medication disposal kiosks the company has donated to law enforcement officials across the country.