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WBA to shut 600 stores in retail network overhaul
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) plans to close 600 stores starting next year as it rationalizes its U.S. drug store base following the $4.375 billion purchase of 1,932 Rite Aid...
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Washington faces Rx reimbursement challenge
OLYMPIA, Wash. — The National Association of Chain Drug Stores, National Community Pharmacists Association and Washington State Pharmacy Association (WSPA) are challenging changes to Medicaid pharmacy...
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Reports: CVS in talks about acquiring Aetna
Published reports said Thursday that CVS Health is in negotiations to acquire health insurer Aetna. CVS reportedly will offer more than $200 share, or about $66 billion, to purchase the health...
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U.S. retail sector on track for healthy sales growth
NEW YORK — For 2017, the U.S. retail industry stands to turn in solid sales growth, including healthy holiday retail sales, despite continued pressure on operating results, according to Moody’s...
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Ashworth named Walgreens operations president
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has promoted Richard Ashworth to president of operations at Walgreens, a newly created position. Richard Ashworth WBA said Wednesday that Ashworth...
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President’s opioid crisis commission issues report
WASHINGTON — The President’s Commission on Combating Drug Addiction and the Opioid Crisis has issued its final report, which includes 56 recommendations to the Trump administration to help fight...
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Lawmakers call for TRICARE pilot extension
ARLINGTON, Va. — Forty-nine members of Congress are urging House and Senate leaders to support a one-year extension of the TRICARE Acquisition Cost Parity Pilot Program for retail pharmacy. The...
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CVS Health reports decline in 3Q retail sales
WOONSOCKET, R.I. — Despite sales declines in its retail pharmacy business, CVS Health saw overall revenue rise and bested Wall Street’s earnings forecast for its fiscal 2017 third quarter. CVS said...
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CEO succession at Cardinal Health
Mike Kaufman (left) is slated to take the helm as CEO from George Barrett at the start of next year. DUBLIN, Ohio — Cardinal Health Inc. has named chief financial officer Mike Kaufmann to succeed...
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NACDS sees pharmacy as opioid crisis solution
BALTIMORE — Pharmacy can be key to thwarting opioid abuse, National Association of Chain Drug Stores president and chief executive officer Steve Anderson told a government summit on the crisis....
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Loblaw Cos. shifts to single loyalty program
TORONTO — Next year, Loblaw Cos. plans to launch a unified customer loyalty program that joins the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart and supermarket chains. Called PC...
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Former Lilly exec Alex Azar tabbed to head HHS
WASHINGTON — Biopharmaceutical industry executive Alex Azar has been nominated as secretary of the U.S. Department of Health and Human Services (HHS) to fill the post vacated by Tom Price. Azar is...
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Sales edge in up 3Q at Shoppers Drug Mart
BRAMPTON, Ontario — Led by the pharmacy, Shoppers Drug Mart saw sales climb as parent Loblaw Cos. reported financial results for the 2017 third quarter. Loblaw said Wednesday that for the 16 weeks...
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Diplomat Pharmacy buys LDI for $595 million
FLINT, Mich. — Diplomat Pharmacy Inc. plans to acquire St. Louis-based pharmacy benefit manager LDI Integrated Pharmacy Services for in a $595 million cash and stock deal. The move marks the second PBM...
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Senior management changes at Rite Aid
CAMP HILL, Pa. — Rite Aid Corp. has announced major changes in its executive ranks, following the announcement of the retirements of Tony Montini, executive vice president of merchandising and...
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Reports: CVS may be near deal to buy Aetna
NEW YORK — A deal for CVS Health to acquire Aetna Inc. could happen by the end of the month, published reports say. Citing anonymous sources, The Wall Street Journal reported Monday that CVS was...
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AmerisourceBergen to buy H.D. Smith
VALLEY FORGE, Pa. — AmerisourceBergen Corp. plans to acquire fellow pharmaceutical distributor H.D. Smith for $815 million in cash. The companies said late Monday that the transaction, pending...
View ArticleAnalysts size up Amazon’s pharmacy opportunity
NEW YORK — Pharmacy stands as a sizable growth opportunity for Amazon, and its avenues for market entry include acquisitions, with Rite Aid Corp. and Diplomat Pharmacy Inc. among potential targets,...
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Teva unveils reorganization plan
JERUSALEM, Israel — Just over two months after naming a new chief executive officer, Teva Pharmaceutical Industries Ltd., the world’s largest maker of generic drugs, is reorganizing its business and...
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First Rite Aid stores go to Walgreens
CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) has taken over the first group of Rite Aid stores as part of the asset sale agreement the companies unveiled in September. Rite Aid Corp. said late...
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