Pharmasave’s Paish moves on
Sue Paish will end her five-year stint as head of Pharmasave Drugs when she leaves the company later this month to become chief executive officer at the laboratory testing services provider LifeLabs Inc.
News
Jean Coutu reduces its stake in Rite Aid
The Jean Coutu Group has sold 56 million shares of Rite Aid Corp., reducing its interest in Rite Aid’s outstanding common shares to 19.85%. The sale, at $1.51 per share, netted $83.6 million. The gain will be recorded in Coutu’s net profit during the first quarter of fiscal 2013, since the carrying
CACDS designates McKinnon interim CEO
The Canadian Association of Chain Drug Stores (CACDS) is searching for a new leader. The trade group earlier this month announced that it has named Ian McKinnon interim chief executive officer, taking over for president and CEO Nadine Saby, who has resigned.
Slone joins Walgreens as senior VP
Reuben Slone has been selected senior vice president of supply chain management at Walgreen Co. He will oversee such areas as distribution, transportation, systems integration and engineering as well as the Lean and Six Sigma supply chain initiatives and community outreach.
NACDS honors Katz’s Giancamilli and Unilever’s Brown
Andy Giancamilli and Jerry Brown have been recognized with the chain pharmacy industry’s highest honors. Giancamilli, who retired this year as chief executive officer of Katz Group Canada Ltd. and was a past chairman of the National Association of Chain Drug Stores, received NACDS’ Sheldon W.
PCMA ad targets pharmacies
The Pharmaceutical Care Management Association (PCMA) has gone on the offensive against community pharmacies, running an advertisement here earlier this month that accuses drug stores of overcharging patients. Titled “It’s the Drugstore Lobby vs. Employers,” the print ad ran in Washington, D.C.
The Top 10 Chain Drug Retailers
Opportunities for pronounced gains in market share by the top chain drug retailers are few, but several catalysts stand to propel pharmacy business, according to industry observers.
Q&A: Wasson takes reins as NACDS chairman
Walgreen Co. president and chief executive officer Greg Wasson becomes chairman of the National Association of Chain Drug Stores at a pivotal time for the industry.
Outlook: Drug chains bolster growth prospects
Chain drug stores have responded well to the changing marketplace over the past year and bolstered their prospects for growth in 2012, industry analysts say.
Court mulls legal challenge to PBM merger
A federal judge heard arguments this month in the lawsuit seeking to stop the merger of Express Scripts Inc. and Medco Health Solutions Inc. U.S.
Rx groups make case as CMS crafts AMP rule
With the Centers for Medicare & Medicaid Services (CMS) expected to issue a final rule on Medicaid pharmacy reimbursements next year, community pharmacy advocates earlier this month weighed in on the proposal.
Rite Aid’s results show improvement
Continuing its financial recovery, Rite Aid Corp. turned in improved results for its fiscal 2012 fourth quarter and full year. In the 13-week quarter ended March 3, revenue totaled $7.1 billion, up 10.7% from the prior-year period. Same-store sales grew 3%, reflecting gains of 1.
Health care reform case a cliff-hanger
The fate of the Obama administration’s health care reform law appears uncertain after the Supreme Court conducted three days of hearings in late March.
Rx customers courted by Walgreens
Walgreen Co. is seeking to attract new pharmacy customers by offering a $25 gift card with every transferred prescription. The offer is designed to capture new customers and educate patients on the benefits of having all their prescriptions in one pharmacy. It is being promoted on walgreens.
CVS enhances access to preventive care
CVS/pharmacy has kicked off a program of free health screenings that will run through the end of the year in multicultural communities nationwide. CVS says the program — dubbed Project Health — will provide more than $21 million worth of screenings throughout 2012.
Interest in Total Store Expo builds
The National Association of Chain Drug Stores has high hopes for next year’s debut of the Total Store Expo, according to president and chief executive officer Steve Anderson. The expo will bring together what are now three separate shows in one setting in Las Vegas in August of 2013.