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McKesson wraps up purchase of Katz units

McKesson Corp. has closed its acquisition of the independent banner and franchise pharmacy businesses of Katz Group Canada Inc. The pharmaceutical distributor said Monday that it finalized the transaction on March 25.

Walgreens sees earnings decrease in 2Q

Walgreens sees earnings decrease in 2Q

Walgreen Co. cited a weak cold and flu season and its impasse with pharmacy benefit manager Express Scripts Inc. in reporting declined earnings and prescription sales for its fiscal 2012 second quarter. Walgreens said Tuesday that for the second quarter ended Feb.

Rite Aid to host skin cancer screenings

This week Rite Aid Corp. began hosting free full-body skin cancer screenings through The Skin Cancer Foundation’s annual Road to Healthy Skin Tour. The drug chain said Thursday that the tour’s 38-foot custom RV will stop at more than 50 Rite Aid stores to provide the skin cancer checks as it

CVS Caremark to shut down Beauty 360

CVS Caremark to shut down Beauty 360

CVS Caremark Corp. plans to close all of its Beauty 360 luxury beauty outlets later this spring. The company said in a statement Thursday that it will shut down its 25 Beauty 360 stores, as well as its related e-commerce business, on May 19. The stores are part of the CVS/pharmacy retail

Pharmacy groups back bill to rein in PBM audits

Pharmacy groups back bill to rein in PBM audits

The National Association of Chain Drug Stores and the National Community Pharmacists Association have endorsed legislation that would set Medicare standards for pharmacy audits and reimbursement by pharmacy benefit managers (PBMs). NACDS said Wednesday that it has sent a letter to Rep.