The CVS Health Foundation is making a $550,000 grant to the Alzheimer’s Association to boost its support for a new program to enhance disease diagnosis and assessment with clinicians and to educate them about care and support programs to help families.
Eugene Applebaum, the founder of Michigan pharmacy chain Arbor Drugs, passed away at his home here on Friday at age 81. After earning a pharmacy degree at Wayne State University, Applebaum entered the drug store business in 1963 with the opening of one store, Civic Drugs, in Dearborn, Mich. In 1974,
McKesson Corp. has promoted Chris Dimos to president of retail solutions for McKesson U.S. Pharmaceutical and Specialty Health.
The Rite Aid Foundation this week announced donations to aid the wildfire relief effort in Southern California and help children through its KidCents program.
Acquiring Aetna Inc. will better position CVS Health to improve health outcomes and bring affordable health care to more Americans, CVS president and chief executive officer Larry Merlo told National Public Radio (NPR).
Canada’s Lovell Drugs has entered into a definitive agreement with Maricann Group Inc. to be the exclusive supplier of medicinal cannabis to its pharmacies.
Target Corp. has agreed to acquire the same-day delivery company Shipt Inc. for $550 million in cash.
Diplomat Pharmacy Inc. has hired former CVS Caremark executive Chris Luthin as executive vice president of finance for pharmacy benefit management and integration.
Jeff Leger has been named president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Loblaw confirmed Leger’s appointment on Tuesday.
NEW YORK, N.Y. and DEERFIELD, Ill.
While rumors of Amazon’s entry into pharmacy continue to swirl, some analysts are questioning just how significant the move would be. “Amazon’s U.S. Pharmacy Opportunity: Not Necessarily A Game Changer,” is the title of a report by Cowen.
Alex Azar, a former pharmaceutical executive named by President Trump to be the next Health and Human Services secretary, told senators at a full committee nomination hearing that making prescription drugs more affordable would be one of his top priorities.
Ahold Delhaize is creating a parent company for its U.S. food and drug retail operations called Ahold Delhaize USA. The company said that, effective Jan. 1, Ahold Delhaize USA will oversee all of Ahold Delhaize’s U.S.
Retail prices for prescription drugs widely used by older Americans have risen more than 50 times faster than the inflation rate, an AARP analysis found. For 768 prescription drugs commonly used by older adults, retail prices surged an average of 6.
Walgreens Boots Alliance (WBA) is now a stakeholder in national specialty pharmacy operator PharMerica Corp. PharMerica on Wednesday announced the close of its acquisition by global investment firm Kohlberg Kravis Roberts (KKR). Under the $1.
Growth in prescription drug expenditures tailed off despite an overall gain in 2016 U.S. health care spending, according to the Centers for Medicare and Medicaid Services (CMS). Last year, U.S. health care spending totaled $3.3 trillion, up 4.3%, compared with growth of 5.8% in 2015 and 5.
