Rite Aid fine-tunes outlook for current fiscal year
Rite Aid Corp. trimmed its full-year earnings guidance to reflect pharmacy margin pressure and lower expectations for same-store sales. The company also pruned its revenue forecast.
Issues
Clout of Barra, Foulkes recognized
Chain drug executives Helena Foulkes and Ornella Barra are among the “Most Powerful Women” in business listed by Fortune magazine. Foulkes, president of CVS/pharmacy, was ranked 14th on the list of 51 women in the U.S.
Uninsured rate continues to fall
Supporters of the Patient Protection and Affordable Care Act (ACA) hailed a recent Census Bureau report that the percentage of people without health insurance coverage declined by 2.9 percentage points last year, from 13.3% to 10.4%. That’s a reduction of 8.
Obama makes choice for FDA chief
The Food and Drug Administration’s current deputy commissioner for medical products and tobacco is likely to become the organization’s next commissioner. Dr.
Ulta makes impact on ‘fun side’ of beauty care
Ulta Beauty’s chief executive officer, Mary Dillon, has more to celebrate than the company’s 25th birthday. The company is growing at a rate enviable in retailing today, and it is on virtually every beauty care brand’s wish list.
Ausili, Brainard join staff at NACDS
The National Association of Chain Drug Stores (NACDS) announced a pair of personnel moves this month, including the appointment of Jason Ausili as director, pharmacy affairs, effective September 28.
Neighbourhood Pharmacies enhances events
The Neighbourhood Pharmacy Association of Canada (Neighbourhood Pharmacies) announced earlier this month significant improvements to its annual events program, as well as event highlights.
Albertsons, McKesson expand deal
McKesson Corp. and Albertsons Cos. announced the signing of a five-year distribution agreement to include the sourcing and distribution of both branded and generic pharmaceuticals.
Study: Narrow networks can raise adherence rates
A CVS Health Research Institute review of pharmacy claims for more than 200,000 patients found an association between narrow pharmacy networks and improved medication adherence.
Proper use of Rxs cuts other health care costs
An examination of data on more than 1.5 million Medicaid enrollees found that when prescription drugs are taken appropriately as prescribed by a physician there is a reduction of other medical costs for certain Medicaid populations.
Robinson, former Perry CEO, dies at 85
Jack Robinson, who was the founder, chairman and chief executive officer of Perry Drug Stores, died earlier this month. He was 85. Robinson founded Perry in 1957, when he opened his first store in Pontiac, Mich.
National ad campaign to tout Health Mart
Health Mart is launching a national radio and digital advertising campaign to attract more patients to its drug stores. The McKesson Corp.
Express Scripts picks next CEO
George Paz will retire as Express Scripts Holding Co.’s chief executive officer in May, making way for president Tim Wentworth to take over, the company said earlier this month. Paz, 60, has been CEO at Express Scripts for a decade.
McKesson agrees to acquire Rx distributor in Ireland
McKesson Corp. has agreed to purchase the pharmaceutical distribution division of Dublin, Ireland-based UDG Healthcare PLC for about $466 million.
Rite Aid, Folds of Honor team up on scholarships
Rite Aid Corp. is recognizing 274 students around the country who are receiving Folds of Honor educational scholarships made possible by a $1.3 million donation from the Rite Aid Foundation’s KidCents program.
Appointments strengthen Kroger’s senior leadership team
Kroger Co. has named four executive vice presidents to lead key parts of its business. Mike Donnelly is now EVP of merchandising, Chris Hjelm is EVP and chief information officer, Fred Morganthall is EVP of retail operations, and Mike Schlotman is EVP and chief financial officer.