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Walgreens issues statement on settlement

Walgreens issues statement on settlement

DEERFIELD, Ill. – Walgreens has issued the following statement on announced settlement with U.S. Department of Justice and the Office of the Inspector General of the U.S. Department of Health and Human Services: “Walgreens is pleased to have resolved these matters with the Department of Justice.

Walgreens settles two lawsuits

Walgreens settles two lawsuits

Walgreens Boots Alliance has agreed to pay more than $269 million to settle federal and state lawsuits that accused the retailer of overbilling federal health-care programs. The pharmacy chain will pay $209.

CVS Health honored for 5th time in a row by Fortune magazine

CVS Health honored for 5th time in a row by Fortune magazine

CVS Health today was recognized by Fortune magazine as one of the World’s Most Admired Companies for the fifth consecutive year. CVS Health was honored as No. 35 on the annual rankings of the world’s most respected and reputable corporations, up four spots from 2018. The company was also ranked No.

CVS, Walmart reach new PBM network deal

CVS, Walmart reach new PBM network deal

CVS Health and Walmart today announced the companies have reached a multi-year agreement on terms under which Walmart will continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks.

Shopko files for Chapter 11 bankruptcy

Shopko files for Chapter 11 bankruptcy

Shopko Stores Operating Co. announced today that it has filed for Chapter 11 bankruptcy protection. The retailer reported that it would also be closing 38 stores as part of a reorganization process that was prompted by “excess debt and ongoing competitive pressures.

Lampert wins bid to keep Sears open for now

Lampert wins bid to keep Sears open for now

Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, The Wall Street Journal and other published sources reported Wednesday.