CVS Health reports rise in revenue for 3Q
CVS Health posted sales gains in both its retail pharmacy and pharmacy services businesses for the 2015 third quarter, with adjusted earnings per share (EPS) finishing in line with analysts’ projections.
Retail News
Kroger pharmacy VP honored with award
Kroger Co. vice president of pharmacy Philecia Avery was recognized by the National Diversity Council with a 2015 Most Powerful & Influential Women Award. Kroger said Thursday that Avery was presented with the award at the 8th Annual Ohio Diversity & Leadership Conference in Columbus, Ohio.
Fox News’ Megyn Kelly to keynote NACDS Foundation Dinner
Fox News Channel’s Megyn Kelly will be the featured speaker at this year’s National Association of Chain Drug Stores Foundation Dinner.
Rite Aid sees same-store sales uptick in October
Comparable pharmacy results helped offset a same-store sales dip in the front end at Rite Aid Corp. for October. Rite Aid said Thursday that for the four weeks ended Oct. 24, comparable-store sales inched up 1% year over year, reflecting a 0.5% decrease in the front end and a 1.7% gain
Senators urge close scrutiny of WBA-Rite Aid deal
Two U.S. senators with oversight for antitrust issues have called on federal regulators to take a close look at Walgreens Boots Alliance Inc.’s $17.2 billion deal to acquire Rite Aid Corp. Sen. Mike Lee (R.
CFO Karst promoted at Rite Aid
Rite Aid Corp. chief financial officer Darren Karst has been promoted to senior executive vice president and added the title of chief administrative officer. Rite Aid said late Wednesday that the appointment is effective immediately. Karst previously was executive vice president and CFO.
Walgreens Boots Alliance finishes fiscal 2015 on high note
The morning after announcing its blockbuster deal to acquire Rite Aid Corp., Walgreens Boots Alliance Inc. reported earnings for its fiscal 2015 fourth quarter and full year that topped Wall Street’s forecast. The company — closing its first full year following the combination of Walgreen Co.
It’s official: Walgreens to buy Rite Aid for $17.2B
After headlines surfaced earlier in the day, Walgreens Boots Alliance Inc. made it official: The company has reached a deal to acquire Rite Aid Corp. for a total value of $17.2 billion. The companies announced the deal late Tuesday. Under the agreement, Walgreens Boots Alliance will buy Rite
Report: Walgreens in talks to buy Rite Aid
Walgreens Boots Alliance is in discussions about a possible acquisition of Rite Aid Corp., the Wall Street Journal reported. The Journal report said Tuesday that the talks are advanced and that a deal could be announced as soon as Wednesday.
EQuIPP pharmacy quality platform extends reach
The EQuIPP platform for measuring pharmacy performance has reached a milestone. Pharmacy Quality Solutions Inc. (PQS) said Monday that EQuIPP — to which 90% of U.S.
Study: Appointment-based med sync gets results
Pharmacies offering appointment-based medication synchronization (ABMS) can improve patients’ adherence to their prescriptions and, in turn, produce better health outcomes, a study conducted for the National Community Pharmacists Association and Arkansas Pharmacists Association finds.
Walgreens assesses relationship with Theranos
Walgreens is mulling its next steps in its partnership with clinical lab testing provider Theranos Inc., whose technology has come under fire in recent media reports.
Obama rallies public/private efforts vs. drug abuse
The pharmacy industry is doing its part to help stem the tide of prescription drug abuse and heroin use as part of wide-ranging, public- and private-sector efforts announced this week by President Barack Obama. At a community forum in Charleston, W.Va.
MinuteClinic hits the 1,000 mark
MinuteClinic, the walk-in medical clinic segment of CVS Health, has opened its 1,000th location nationwide. CVS said its newest clinic opened its doors Thursday on Dupont Circle in Washington, D.C.
Industry stresses value of MTM
For a congressional hearing on medication therapy management, the National Association of Chain Drug Stores emphasized the value of pharmacists in providing MTM services, especially in improving medication adherence, patient health and health care affordability for Medicare patients.
Fruth recognized for stop-meth efforts
Lynne Fruth, President of Fruth Pharmacy, has been honored for her company’s commitment to help prevent the sale of drugs used in the making of methamphetamine, known as “meth.