Fred’s institutes ‘poison pill’ plan
Fred’s Inc. has adopted a shareholder rights plan, also known as a “poison pill,” after a hedge fund recently became the company’s single largest shareholder.
Retail News
Walgreens deploys drug disposal kiosks in N.J.
Walgreens has launched its safe medication disposal kiosk program at 16 stores in New Jersey.
Rite Aid sales, earnings decline in third quarter
Rite Aid Corp. said slim reimbursement rates, new generic drugs and the ongoing antitrust talks for the merger with Walgreens Boots Alliance (WBA) squeezed sales and earnings for its fiscal 2017 third quarter. Rite Aid said Thursday that for the third quarter ended Nov. 26, sales dipped 0.8% to $8.
ASOP leads effort targeting illegal online pharmacies
The Alliance for Safe Online Pharmacies (ASOP Global) has partnered with the American Medical Association (AMA), American Pharmacists Association (APhA) and 14 other national health care stakeholders to educate providers and patients about the surge in illegal online pharmacies and counterfeit medic
Gallup poll: Pharmacists among top trusted professions
Americans continue to hold pharmacists in high regard, according to Gallup’s Honesty and Integrity survey. Of more than 1,000 U.S.
Fred’s agrees to buy 865 Rite Aid stores
Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s Inc. for $950 million.
Pharmacy groups speak up with change coming in D.C.
Sensing change in the air, a group of pharmacy associations have called on the incoming Trump administration and congressional leaders to recognize the role that pharmacies play in the nation’s health care system.
H.D. Smith launches VentureRx
H.D. Smith has rolled out VentureRx, a program to aid in the launch, sale or expansion of a pharmacy business.
Merlo: Integrated care sets CVS Health apart
CVS Health’s integrated pharmacy care model makes it a “partner of choice” in the health care arena, president and chief executive officer Larry Merlo said at the company’s annual Analyst Day event in Manhattan.
NACDS hails rule relaxing access to pharmacy rewards
The Department of Health and Human Services (HHS) is giving pharmacies more flexibility to extend their reward and loyalty programs to beneficiaries in government programs such as Medicare and Medicaid, according to the National Association of Chain Drug Stores.
CVS to build distribution center in Kansas City
CVS Health plans to build a new distribution center in Kansas City, Mo., to serve CVS Pharmacy locations in the region.
McKesson cleared to acquire Rexall
McKesson Corp. has been given the green light from the Competition Bureau of Canada to finalize its $2.2 billion acquisition of drug chain Rexall Health.
Walgreens shifts clinics in South Florida to UHealth
In its latest retail clinic partnership, Walgreens is transitioning 17 Healthcare Clinics in South Florida to the University of Miami Health System (UHealth).
NCPA extends digital health pact with RxWiki
The National Community Pharmacists Association has entered a five-year agreement with digital health provider RxWiki Inc. NCPA said Tuesday that the pact extends an existing agreement with RxWiki and secures the association members’ benefits through 2021.
CVS mobilizes integrated model for chronic care
Early next year, CVS Health plans to launch a diabetes care program for its pharmacy benefit management (PBM) clients that provides clinical services and cost management solutions.
NACDS adds to federal government affairs team
William Tighe has been named vice president of federal government affairs and Amber Manko as director of federal government affairs at the National Association of Chain Drug Stores. NACDS said Tighe joined the association on Dec. 12, while Manko had started in her post on Nov. 28.