Rite Aid Corp. trimmed its net loss, beating Wall Street’s forecast, but saw sales dip for its fiscal 2013 second quarter. Rite Aid said Thursday that revenue for the 13-week quarter ended Sept. 1 fell 0.6% to $6.2 billion from $6.3 billion a year earlier. The company attributed the decrease mainly
The board of CVS Caremark Corp. has approved a new share repurchase program for up to $6 billion of the company’s outstanding common stock. The company said Wednesday that this new stock buyback program is slated to be completed over a multiyear period.
As food and drug retailers strive to promote health and wellness, Walmart is giving consumers some incentive to make better choices in the grocery aisles. The discount store giant and partner HumanaVitality, a subsidiary of health insurer Humana Inc.
MinuteClinic has formed a clinical affiliation with OU Physicians, Oklahoma’s largest physician group with more than 560 doctors.
Walgreen Co. and Rx Response, an initiative of the pharmaceutical supply system, have teamed up to help ensure patient access to medications after a natural disaster.
Most Medicare Part D beneficiaries are paying more out of their own pockets than they need to, a study by eHealth Inc. reveals.
Rite Aid Corp. has purchased Town Hill Pharmacy, an independent drug store in Louisa, Ky. Terms of the transaction, announced Tuesday by Dallas-based merger-and-acquisition firm The Transition Companies LLC, weren’t disclosed.
A study by the National Community Pharmacists Association finds that some auditing and reimbursement practices by pharmacy benefit managers are harming community pharmacists’ ability to provide patient counseling and care to seniors.
Walgreen Co. has wrapped up its acquisition of regional drug store operator USA Drug. Walgreens announced the closing of the $438 million deal on Monday. Under the agreement, announced in early July, Walgreens purchased 144 drug stores, mainly in the mid-South region, from Stephen L.
In the wake of its acquisition of 45% of Alliance Boots, Walgreen Co. has reconfigured its management to advance its global strategy.
CVS/pharmacy is enabling shoppers enrolled in its loyalty program to earn bigger rewards on most purchases during the peak fall and winter shopping season. The drug chain said Monday that under a promotion running through Dec.
Stephen Courtman has been appointed president of Health Mart, the drug store franchise network of McKesson Corp. The company also said Monday that Health Mart reached a milestone this month with the opening of its 3,000th member pharmacy.
Thomas Moriarty has been named executive vice president and general counsel at CVS Caremark Corp. CVS said Monday that Moriarty takes over from Douglas Sgarro, who retired in May after more than 14 years with the company.
Walmart is finally getting comfortable with small-box retailing, and the implications for chain drug stores could be ominous. Bill Simon, president and chief executive officer of Walmart U.S.
CVS Caremark Corp. is reviewing the Drug Enforcement Administration’s revocation of the controlled substance licenses of two of its stores in Sanford, Fla.
Walgreen Co. is getting off to a strong start with its new customer loyalty program, Balance Rewards. The nation’s largest drug chain said Saturday that so far, over 1 million customers have signed up for the program since Sept. 6, when Walgreens launched its online-only enrollment process.
