Drug stores outpaced other mass retailers in December sales, even with modest increases in total and same-store sales for the month. Total drug store sales in December were up 4% compared with the same month last year, according to research by Chain Drug Review publisher Racher Press.
WellCare Health Plans Inc., a provider of managed care services for government-sponsored health care programs, has shifted its pharmacy benefits management to CVS Health. With the move, CVS Health now administers pharmacy benefits and processes pharmacy claims for approximately 3.
Care Pharmacies Cooperative Inc. has launched Care Connect, a specialty pharmacy internal network designed for its member pharmacies and other retail independent pharmacies.
CVS/pharmacy is relaunching the color cosmetics segment of the Nuance Salma Hayek brand with newly formulated and repackaged products that will begin appearing in stores in March.
CVS Health has opened its first MinuteClinic inside a Navarro Discount Pharmacy store. The new MinuteClinic walk-in medical clinic inside the Navarro store in Miami Lakes, Fla., joins 22 other South Florida MinuteClinic locations inside selected CVS/pharmacy stores.
Through January 23, Rite Aid is celebrating the New Year by offering members in the wellness+ with Plenti program a special opportunity to begin accumulating Plenti points for 2016, in addition to regular weekly offers.
Retired U.S. Army general and former chairman of the Joint Chiefs of Staff Martin Dempsey will speak at the 2016 National Association of Chain Drug Stores’ Annual Meeting on Tuesday, April 19, in Palm Beach, Fla.
Meijer Inc. pharmacies marked a milestone recently when the retailer’s free prescription program hit 30 million prescriptions dispensed — 6 million alone in 2015 — since October 2006 when the program launched.
The National Association of Chain Drug Stores has joined other retail trade associations in commenting on proposed updates to the Environmental Protection Agency’s waste management regulations. Those rules could affect the way retailers handle their unsold consumer products and pharmaceuticals.
Walmart has had a long history of making health care more accessible and affordable. From the launch of $4 generics in 2006 to the recent introduction of Walmart Care Clinics, which promise to have the same kind of impact on pricing in that sector as the earlier program did in pharmacy, the
Over the course of the past decade, CVS Health has undergone profound changes, transforming itself from a traditional drug store operator into a health care innovation company.
For 2015, the editors of Chain Drug Review have chosen to give the publication’s annual Retailer of the Year honors to two chain drug retail industry leaders: Stefano Pessina, executive vice chairman and CEO of Walgreens Boots Alliance Inc., and the management team at Rite Aid Corp.
Walgreens and Valeant Pharmaceuticals International Inc. have inked a distribution deal that will cut prices of Valeant prescription products at Walgreens by 10%, and may be extended to independent retail pharmacies.
CVS Health Corp. has completed the acquisition of Target Corp.’s pharmacy and clinic businesses, making CVS the No. 1 drug chain by store count and sales. With the closing of the $1.
Rite Aid Corp. stockholders will vote next month on the company’s merger with Walgreens Boots Alliance (WBA). Rite Aid has scheduled a February 4 special stockholders meeting for the balloting. Stockholders as of the close of business on December 18 will be eligible to vote.
CVS Health has raised the midpoint of its earnings outlook for 2016 and reiterated its five-year steady state targets. The company now expects next year’s adjusted earnings per share to range from $5.73 to $5.88, reflecting solid year-over-year growth of 11.25% to 14.25%.
