Pharmacy industry leaders say health care reform will form the backdrop of whatever course the sector takes in 2010. Indeed, as the Obama administration approaches the end of its first year in office, health care reform heads the president’s domestic agenda.
CVS Caremark Corp. is raising its quarterly dividend by 15%, citing its robust financials and positive growth outlook. The drug store and pharmacy benefit management company said Tuesday that its board of directors has approved a dividend of 8.
Jean Coutu Group Inc. posted robust sales growth and improved earnings and operating results for its fiscal 2010 third quarter. The Canadian drug store retailer said sales in the quarter ended November 28 rose 9.3% to $678.1 million (Canadian) from $620.3 million a year earlier.
The nation’s biggest drug store chains are touting their broad availability of H1N1 vaccine as National Influenza Vaccination Week gets under way. CVS Caremark Corp., Walgreen Co. and Rite Aid Corp.
CVS Caremark Corp. said its MinuteClinic subsidiary has become the first retail clinic to be reaccredited and earn The Joint Commission’s Gold Seal of Approval for consecutive evaluation periods by demonstrating compliance with the commission’s national standards for health care quality and safety.
Steve Jungmann has been hired as executive vice president of merchandising at food and drug retailer Supervalu Inc. Jungmann fills the vacancy left by Duncan Mac Naughton, who resigned from Supervalu in late September and joined Wal-Mart Canada as chief marketing officer.
The National Association of Chain Drug Stores has praised the Department of Health and Human Services (HHS) and the Centers for Disease Control and Prevention (CDC) for designating January 10 to 16 as National Influenza Vaccination Week.
A new study by the Government Accountability Office (GAO) provides major support for community pharmacy in its effort to achieve reform of Medicaid pharmacy reimbursement rates. The study was undertaken at the request of Sen. Charles Grassley (R-Iowa).
CVS Caremark Corp. plans to move to a new electronic prescribing platform under an agreement with health information technology provider Allscripts.
Walgreen Co. is now enabling pharmacy customers to download their prescription histories to a personal Microsoft HealthVault record.
Duane Reade has broadened availability of H1N1 flu shots to 19 locations throughout New York City’s boroughs. The drug chain, which operates more than 250 stores across metropolitan New York, began providing H1N1 vaccinations via flu shot clinics at several locations in the city in late December.
Former CVS Caremark Corp. executive David Rickard has been appointed to the board of directors at deep discount retailer Dollar General Corp. Plans call for Rickard to chair the board’s audit committee.
Bartell Drugs plans to discontinue filling Medicaid prescriptions at 15 of its 57 stores, citing recent reductions in compensation from Washington state.
To hear Andy Giancamilli tell it, one of the surest avenues to success in business, as in life, is to be in the right place at the right time. Throughout the course of his 34-year career in community pharmacy and mass market retailing, the chief executive officer of Katz Group North America
Shoppers Drug Mart Corp. this week urged its stockholders to reject a mini-tender offer for just under 1% of the company’s outstanding common shares. The Canadian drug store chain said Monday that it has received a copy of an unsolicited, below-market mini-tender offer by TRC Capital Corp.
William Grize, former president and chief executive officer of The Stop & Shop Supermarket Co. and Ahold USA, died Tuesday night after a brief illness, according to the company. He was 63. Grize retired from the food and drug retail giant in 2005 after a career that spanned nearly four decades.
