CVS/pharmacy names former Walmart exec president
CVS Caremark Corp. has named former Walmart executive Hank Mullany president of CVS/pharmacy, but the appointment is being challenged in court.
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Fiacco to lead Medicine Shoppe, Medicap
Cardinal Health Inc. has named John Fiacco as vice president of its Medicine Shoppe International (MSI) and Medicap Pharmacy franchise division. The former CVS Caremark executive, who has been with Medicine Shoppe since 2000, is slated to assume his new position on January 1.
Drug chains provide help in sorting out PDPs
As Medicare recipients continue to explore the various prescription drug plans (PDPs) available, community pharmacies across the country are helping beneficiaries understand their options.
Long AMP battle comes to a close
Three years after a federal judge blocked the government from lowering Medicaid pharmacy reimbursement rates, the issue will be officially over this month.
Acquisitions extend reach of Cardinal Health
Cardinal Health Inc. plans to acquire Kinray Inc. for $1.3 billion and has completed a $470 million purchase of Yong Yu, the largest drug importer in China. The Kinray deal will significantly expand the No.
Canadian pharmacy operators assess position
Speakers at the Canadian Foundation for Pharmacy’s recent forum here weighed in on whether the recent shift in the Canadian pharmacy paradigm was merely a tremor or a seismic shift.
Kroger, Safeway join UnitedHealthcare Rx network
Kroger Co. and Safeway Inc. are participating in a new UnitedHealthcare Medicare Part D plan offering drugs for as little as $2 per prescription and promising to save members hundreds of dollars next year. The introduction follows the debut of a plan by Walmart and Humana Inc.
Cyber Monday a boon for drugstore.com
An increased number of shoppers are turning to the Internet this holiday season, and initial reports are that they are responding to promotions and spending more.
SDM may face class-action suit
A proposed class-action lawsuit claiming Shoppers Drug Mart (SDM) collected excessive funds from franchisees is baseless, the company says.
AmerisourceBergen tabs president
Steven Collis has been named president and chief operating officer of AmerisourceBergen Corp. The 49-year-old Collis had been executive vice president of the drug distributor and president of AmerisourceBergen Drug Corp. (ABDC), the company’s largest subsidiary.
CVS Caremark offers insights on adherence
A CVS Caremark Corp.-sponsored study found that patients who face co-pays of $50 are almost four times more likely to abandon prescriptions at a pharmacy than those paying $10.
‘Health, daily living’ focal point of Walgreens stores
Walgreen Co. is ideally positioned for “the retailization of health care,” president and chief executive officer Greg Wasson said at the company’s Analyst Day conference.
Final AMP rule marks big victory for Rx
Community pharmacy groups won a major victory earlier this month in their continuing battle to stem reductions in pharmacy reimbursement.
Medicaid fight flares up in Washington
A move by Washington state officials that could result in the loss of prescription drug benefits for about 500,000 adults whose prescriptions are covered by Medicaid has been described as a “perilous situation” by the National Association of Chain Drug Stores.
BioScrip names Smith chief executive
Richard Smith has been promoted from president and chief operating officer to chief executive officer at BioScrip Inc. Plans call for Smith to take the chief executive reins at the pharmacy operator January 1.
Same-store growth proves difficult
Same-store sales growth has been hard to come by for the nation’s largest pharmacy chains of late, but business prospects for mass retailing overall look a bit brighter heading into the holidays. Walgreen Co. and Rite Aid Corp. both saw declines in comparable-store sales for October.