Stephen LaFrance Sr., who built a regional drug store powerhouse with USA Drug, died earlier this month. He was 71. LaFrance started USA Drug in 1968 when he opened a single store here. Eventually the drug chain would include nearly 200 stores in six states, operating under a variety of banners.
The Jean Coutu Group says it will relocate its headquarters and distribution center in Longueuil, Quebec, to larger facilities that will be built in Varennes. The Canadian drug chain said construction of the Varennes facilities, which will total 800,000 square feet, is slated to start in 2014.
Rite Aid Corp. plans to refinance $500 million in debt and, in tandem with the transaction, is projecting net earnings for its fiscal 2014 first quarter, which would mark the drug chain’s third consecutive profitable quarter. Rite Aid has commenced a cash tender offer for its $500 million of 7.
The California Pharmacists Association (CPhA) has denounced a federal appeals court for refusing to review a ruling that lowered the state’s Medicare reimbursement rates.
A number of retailers and trade associations have rejected the proposed settlement of a class-action lawsuit over credit card companies’ swipe fees, while a group of 17 retailers have filed a new lawsuit against Visa Inc. and MasterCard Inc.
The abrupt resignation of Procter & Gamble Co. (P&G) president and chief executive officer Robert McDonald late last month seems to many to have been a reaction to pressure from one of the company’s largest shareholders upset with the poor performance of P&G’s stock.
The budding partnership between Walgreen Co., Alliance Boots GmbH and AmerisourceBergen Corp. has taken several steps forward, with regulators in the United States and Europe clearing the way for the first two companies to assume an equity stake in the third.
Women and nonwhites taking statins are more likely to be nonadherent than other patient groups, recent research from CVS Caremark Corp. and Brigham and Women’s Hospital shows.
For the first time in more than six years, the Centers for Medicare and Medicaid Services (CMS) has a permanent leader.
New rules from two federal agencies could lead to 2 million fewer people than previously estimated gaining health coverage under the Affordable Care Act (ACA), the Congressional Budget Office (CBO) said last month.
Patients have been very satisfied with their pharmacies for four years running, and the vast majority will continue filling prescriptions at their current pharmacy.
Rite Aid Corp. has refashioned its board of directors. In the wake of three of its 10 members stepping down, the company reduced the size of its board to eight and named former Blue Shield of California chairman and chief executive officer Bruce Bodaken as its newest director. Bodaken, 61, spent
Kerr Drug has introduced a new synchronized prescription refill service. Called Simplify My Meds, the service utilizes Kerr’s new central-fill center in Raleigh to make getting prescriptions filled easier for customers while freeing up pharmacists to spend more time with patients.
Many proposed changes to policies governing pharmacy compounding are commendable, but some aspects of Senate legislation on the practice may have unintended consequences, says the National Association of Chain Drug Stores.
Retail pharmacy chains quickly responded to the devastating tornado in Moore, Okla., late last month. The day after the storm tore through the suburb of Oklahoma City, Walgreen Co.
CVS/pharmacy has launched the Total Home private label home care brand.
