The world’s largest retailer is officially changing its legal name from Wal-Mart Stores Inc. to Walmart Inc. Walmart said Wednesday that the change, which takes effect with the start of its new fiscal year on Feb. 1, is meant to reflect the company’s shift from an operator of stores to one that
Fred’s Inc. reported a bigger year-over-year loss for its fiscal 2017 third quarter and plans to cancel its dividend and explore the sale of non-core assets. Fred’s said Wednesday that for the third quarter ended Oct. 28, it reported a net loss of $51.8 million or $1.
CVS Pharmacy this week launched free, same-day delivery for prescription drugs and certain over-the-counter products in Manhattan. CVS said Wednesday that the delivery service is being offered at all locations in Manhattan.
Aurora Pharmacy is slated to become part of a much larger organization. Parent Aurora Health Care plans to merge with Advocate Health Care to form Advocate Aurora Health, which the companies said will be the nation’s 10th-largest nonprofit, integrated health care system.
Rite Aid Corp. has enlisted the help of Dr. Jennifer Caudle, a nationally renowned health expert and practicing family doctor, to highlight the importance of getting a flu shot during National Influenza Vaccination Week (NIVW).
The Senate’s repeal of the Affordable Care Act (ACA) individual mandate as part of its sweeping tax reform bill has likely spelled doom for the provision, which required people who didn’t obtain health insurance to pay a tax penalty. Sen. John Barrasso (R., Wyo.
The American Pharmacists Association (APhA) Foundation has partnered with The Kroger Co. and Solera Health for a program to help reduce the incidence of diabetes through community pharmacies.
Walgreens Boots Alliance (WBA) plans to pay about $416 million to acquire a 40% stake in Sinopharm Holding GuoDa Drug Store Co. WBA confirmed the deal on Monday. GuoDa is the largest retail pharmacy operator in China, with nearly 3,700 stores.
The Canadian government is stepping up efforts to rein in the cost of prescription drugs. At the start of this month, Canada proposed the first major update to the Patented Medicines Regulations in more than 20 years.
Following mounting speculation over the past month, CVS Health has unveiled a cash-and stock-deal to acquire health insurer Aetna Inc. for $69 billion. CVS and Aetna said Sunday evening that under the merger pact, Aetna shareholders will receive about $207 per share, including $145 in cash and 0.
As part of a brand repositioning, Walgreens is changing its tagline to “Trusted Since 1901” to emphasize its long heritage of serving customers.
CVS Health has released findings from a poll on flu immunization as it urges families to get their shots during National Influenza Vaccination Week with the approach of peak flu season. A recent CVS survey found that 61% of Americans get a flu vaccine every year or plan to get one this
Jean Coutu Group shareholders have overwhelmingly approved the planned sale of the pharmacy chain to Quebec food and drug retailer Metro Inc. Jean Coutu said Wednesday that a near-unanimous 99.9% of votes cast sanctioned the $4.
CVS Health has announced that its pharmacy benefits manager (PBM), CVS Caremark, will begin providing real-time visibility to member-specific medication costs and available lower-cost therapeutic alternatives at the point of prescribing and at the pharmacy.
Walgreens Boots Alliance (WBA) has taken over the first group of Rite Aid stores as part of the asset sale agreement the companies unveiled in September. Rite Aid Corp. said late Monday that it has transferred 97 stores and related assets to WBA. This completes the pilot closing and first subsequent
