H.D. Smith closes acquisition of stake in Triplefin
H.D. Smith has completed its purchase of a majority interest in Triplefin, a Cincinnati-based provider of reimbursement, patient assistance and pharmaceutical brand-support services.
Retail News
Rite Aid turns in profitable first quarter
Rite Aid Corp. kept up its earnings momentum by reporting its third straight quarterly profit for its fiscal 2014 first quarter. Rite Aid said Thursday that net income came in at $89.7 million, or 9 cents per diluted share, for the 13-week quarter ended June 1, compared with a net loss
Walgreens pushes ahead with solar energy rollout
Walgreen Co. plans to build more than 200 new solar installations at its drug stores in California, Connecticut, Delaware, Massachusetts, New Jersey and New York.
Rite Aid launches wellness65+ program for seniors
Rite Aid Corp. has introduced wellness65+, an extension of its wellness+ customer loyalty program designed for seniors.
IMS study: Medication at center of $200B in avoidable health costs
Medication nonadherence and less-than-optimal medication practices by prescribers are racking up over $200 billion in avoidable costs in the U.S. health care system, according to a study from the IMS Institute for Healthcare Informatics.
Debt offering upsized by Rite Aid
Rite Aid Corp. has more than doubled a debt offering initiated this week. The company said late Tuesday it’s now offering $810 million of 6.75% unsecured senior notes due in 2021, $410 million more than a senior notes offering announced Monday. Rite Aid said it aims to use the proceeds plus
Rite Aid plans $400 million debt offering
Rite Aid Corp. has announced plans to offer $400 million in unsecured senior notes due 2021. The drug chain said Monday that the proceeds of the debt offering, along with cash and/or borrowings via its revolving credit facility, would be used to redeem a corresponding amount of its outstanding 9.
Supreme Court OKs pay-for-delay deal challenges
In a landmark decision for the pharmaceutical industry, the U.S. Supreme Court ruled that the Federal Trade Commission can sue drug makers over potential anticompetitive effects of "pay for delay" patent settlements.
Walgreens donates flu shots to at-risk people in Laos, Nicaragua
Walgreen Co. has donated 35,000 seasonal flu vaccine doses to the Pan American Health Organization (PAHO) to help at-risk populations in Laos and Nicaragua.
NCPA: Texas legislation supports community pharmacies
Texas Gov. Rick Perry was hailed by the National Community Pharmacists Association for signing into law two key bills in support of community pharmacies in the state.
Raley’s appoints pharmacy VP
Lee Worthy has been named vice president of pharmacy and wellness at Raley’s. Lee Worthy In the role, Worthy will oversee Raley’s 99 pharmacies.
Health Canada to institute plain-language Rx labeling
Health Canada has launched the Plain Language Labeling Initiative, which aims to promote proper use of medications by making drug labels and safety information easier to read and understand.
NACDS report highlights benefits of Rx adherence
The National Association of Chain Drug Stores has released a new report spotlighting research on the patient health benefits of improved medication adherence. NACDS said Friday that the report, prepared independently by Avalere Health and titled "The Role of Medication Adherence in the U.S.
Walgreens stores to host free HIV tests
Walgreen Co. and the organization Greater Than AIDS have teamed up with health departments and local AIDS groups nationwide to provide free HIV testing in support of National HIV Testing Day on June 27.
Sobeys grows pharmacy base with Canada Safeway buy
Canadian food and drug retailer Sobeys Inc. plans to acquire Canada Safeway Ltd. for $5.8 billion (Canadian), a move that will boost not just its grocery business but also its pharmacy presence.
Retail health clinic growth projected to double
The number of U.S. retail health clinics stands to double over the next three years with the influx of newly insured patients under health care reform, according to a report from management consulting firm Accenture.