Eleven congressmen have asked the Centers for Medicare & Medicaid Services (CMS) for information on the enforcement of transparency measures for generic drug payments in Medicare Part D plans for 2016. The National Community Pharmacists Association said Thursday that this week U.S. Reps.
Fred’s Inc. has retained global management consulting firm A.T. Kearney to help the retailer grow its pharmacy business. In reporting June sales on Thursday, the discount store chain noted that its expanded specialty pharmacy operation were a key driver of revenue growth for the month.
Walgreens Boots Alliance Inc. announced executive vice chairman Stefano Pessina as its permanent chief executive officer in reporting increased sales and earnings for its fiscal 2015 third quarter. The company said Thursday that its board of directors appointed Pessina as CEO, effective immediately.
BOISE, Idaho – Food and drug retailer Albertsons Cos. is looking to go public. The company on Wednesday said that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of common stock.
CVS Health is leaving the U.S. Chamber of Commerce because of its stance on global anti-smoking laws, a company spokesman confirmed.
Pharmacy and over-the-counter drug sales helped drive revenue gains in the fiscal 2016 first quarter for the Jean Coutu Group’s retail store network. The Canadian drug chain said Tuesday that for the first quarter ended May 30, sales for the franchised store network rose 4.4% to nearly $1.
Michael LaBrecque has joined Benzer Pharmacy as vice president of specialty pharmacy. The drug chain said Monday that LaBrecque will be responsible for the overall project oversight, budget, staffing, planning and project management for specialty pharmacy.
Dollar Tree Inc. has finalized its deal to acquire rival Family Dollar Stores Inc. Dollar Tree said Monday that under the merger agreement announced and unanimously approved by each company’s board in July 2014, Family Dollar shareholders will receive $59.60 in cash and 0.
Risk management professional Paul Zikmund is joining Rite Aid Corp. as group vice president of risk and controls, a newly created position. Rite Aid said Monday that Zikmund will oversee risk management for Rite Aid and its subsidiaries, including RediClinic, Health Dialog and EnvisionRx.
Cardinal Health Inc. has closed its $1.115 billion acquisition of pharmaceutical distributor Harvard Drug Group.
Walmart will begin charging most of its suppliers new fees for stocking their products in new stores and for storing them in its warehouses.
Rite Aid Corp. posted a 2.4% same-store sales gain for June. Front-end comparable-store sales increased 0.3% over the prior-year period. Pharmacy same-store sales, which included a negative impact from new generic introductions of about 226 basis points, increased 3.4%.
Pharmacies have a four-month extension — until November 1 — to comply with the full scope of new dispenser tracing requirements under the Drug Supply Chain Security Act (DSCSA).
CINCINNATI – Kroger Co. announced that president and chief operating officer Mike Ellis has retired after four decades with the company. Ellis, 57, will be returning to Portland, Ore., the company said on Tuesday. Ellis started as a parcel clerk at a Fred Meyer store in 1975.
Rite Aid Corp. said Monday that Bryan Everett will join the company as executive vice president of store operations, effective August 3. He will be responsible for all operations at the chain’s nearly 4,600 stores and will report to president and chief operating officer Ken Martindale.
For the eighth consecutive year, Rite Aid Corp. is serving as the presenting sponsor of the Skin Cancer Foundation’s annual Road to Healthy Skin Tour.
