CVS Caremark Corp. has bought back more than $1.7 billion in senior notes under a tender offer initiated late last month. Reporting the final results of the tender offer this week, CVS said an aggregate principal amount of $1.74 billion of the notes was tendered.
Citing the impact of various items, including a reporting change for its partnership with Alliance Boots, Walgreen Co. saw net income sink for its fiscal 2013 first quarter, coming in well below Wall Street’s forecast. Walgreens said Friday that for the first quarter ended Nov. 30.
Half of the primary care work-site health centers managed by Walgreens Employer Solutions Group have received Medical Home accreditation, Walgreen Co. and the Accreditation Association for Ambulatory Health Care (AAAHC) announced.
Rite Aid Corp. jumped a key financial hurdle by reporting net income for its fiscal 2013 third quarter, marking the company’s first quarterly profit in over five years. Rite Aid on Thursday posted net earnings of $61.9 million, or 7 cents per diluted share, for the 13-week third quarter ended Dec.
A dearth of primary care doctors and high medical costs is shining a spotlight on pharmacists, among other providers, as a "sensible solution" for affordable health care delivery, according to a New York Times editorial. The National Association of Chain Drug Stores applauded the Dec.
Kermit Crawford, president of pharmacy, health and wellness at Walgreen Co., has been elected to the board of directors at Allstate Corp. The insurance giant said Monday that Crawford will join its board effective Jan. 30, 2013, which will increase the company’s total number of board members to 13.
The National Association of Chain Drug Stores is hailing Sen. Kay Hagan (D., N.C.) for her leadership on behalf of pharmacy patient care, in particular medication therapy management (MTM).
A federal appeals court has reversed a decision earlier this year to suspend a 10% reimbursement cut in Medi-Cal, California’s Medicaid program. The California Pharmacists Association (CPhA) said late Thursday that the U.S.
CVS Caremark Corp. plans to buy 19 Medicine Chest drug stores in Texas later this month. CVS said Friday that under the deal, CVS/pharmacy will operate nine of the acquired locations and relocate 10 other Medicine Chest pharmacies into nearby CVS/pharmacy stores.
Kroger Co. pharmacies have launched a program in which diabetes patients with private health insurance can get a $4 co-payment on Kroger Premium blood glucose test strips.
LegitScript has shut down MyRxCash.com, an Internet pharmacy affiliate marketing portal that it said was connected to hundreds of websites flagged by drug safety regulators as selling unregulated prescription drugs without a prescription.
Chain drug stores are on the leading edge in using loyalty cards to win and keep pharmacy customers, yet customer awareness of such programs could be greater, a study by Boehringer Ingelheim Pharmaceuticals reveals.
CVS Caremark Corp. surpassed its financial goals in 2012 and, with its retail pharmacy/PBM business model, is well-positioned to address the changing health care environment going forward, president and chief executive officer Larry Merlo said at the company’s Analyst Day event in New York City.
Eighty percent of consumers think the "consumerization" of health care — people taking a greater and more active role in their own health care — is positive for Americans, a Wolters Kluwer Health survey finds.
The National Association of Boards of Pharmacy is enacting a four-part plan to foster inspection of nonresident compounding pharmacies and create an information sharing network of regulatory details on those pharmacies.
CVS and Walgreens were among the top brick-and-mortar retailers in a mobile shopping satisfaction study by mobile solutions firm Mobiquity.
