Clik here to view.
CVS Health plans real-time benefits visibility
WOONSOCKET, R.I. — CVS Health has announced that its pharmacy benefits manager (PBM), CVS Caremark, will begin providing real-time visibility to member-specific medication costs and available...
View ArticleClik here to view.
Walgreens redefines its brand identity
DEERFIELD, Ill. — As part of a brand repositioning, Walgreens is changing its tagline to “Trusted Since 1901” to emphasize its long heritage of serving customers. Walgreens said Friday that the new...
View ArticleClik here to view.
CVS Health to buy Aetna for $69 billion
WOONSOCKET, R.I., and HARTFORD, Conn. — Following mounting speculation over the past month, CVS Health has unveiled a cash-and stock-deal to acquire health insurer Aetna Inc. for $69 billion. CVS and...
View ArticleClik here to view.
Walgreens rebranding embraces old, new
In an era when brand image all too often oversells what it is supposed to represent, Walgreens finds itself in the enviable position of updating its identity to better reflect its very real merits and...
View ArticleClik here to view.
U.S. health care spending growth slows
BETHESDA, Md. — Growth in prescription drug expenditures tailed off despite an overall gain in 2016 U.S. health care spending, according to the Centers for Medicare and Medicaid Services (CMS). Last...
View ArticleClik here to view.
AARP: Retail Rx price growth outpaces inflation
WASHINGTON — Retail prices for prescription drugs widely used by older Americans have risen more than 50 times faster than the inflation rate, an AARP analysis found. For 768 prescription drugs...
View ArticleClik here to view.
Jeff Leger named Shoppers Drug Mart president
TORONTO — Jeff Leger has been named president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Jeff Leger Loblaw confirmed Leger’s...
View ArticleClik here to view.
Merlo discusses potential of CVS-Aetna merger
NEW YORK — Acquiring Aetna Inc. will better position CVS Health to improve health outcomes and bring affordable health care to more Americans, CVS president and chief executive officer Larry Merlo...
View ArticleClik here to view.
McKesson tabs Chris Dimos to lead Health Mart
In his new role at McKesson, Chris Dimos (left) will oversee Health Mart. Steve Courtman was Health Mart president for over five years. SAN FRANCISCO — McKesson Corp. has promoted Chris Dimos to...
View ArticleClik here to view.
CVS’ Helena Foulkes to speak at NRF ‘Big Show’
WASHINGTON — CVS Health’s Helena Foulkes has been tabbed as one of the keynote speakers at the National Retail Federation’s 2018 annual convention in Manhattan. Foulkes, executive vice president of CVS...
View ArticleClik here to view.
Holiday retail sales rise for drug chains
NEW YORK — Chain drug store holiday sales bettered last year’s results, with total dollar volume rising more than 4%. In comparison to the 2016 holiday season, when anxiety over the new administration...
View ArticleClik here to view.
Alex Gourlay named Retailer of the Year
Alex Gourlay: “I really do believe pharmacies, including Walgreens, are the best retail network.” DEERFIELD, Ill. — To the casual observer, the dominant story line at Walgreens might appear to be the...
View ArticleClik here to view.
Kevin Hourican honored as top pharmacy exec
CVS’ Kevin Hourican: “We absolutely see pharmacists as the front line of health care.” WOONSOCKET, R.I. — Kevin Hourican is a relative newcomer to community pharmacy, but that hasn’t prevented him...
View ArticleClik here to view.
H-E-B’s Martin Otto wins leadership award
Martin Otto on NACDS: “As an association, we need to follow the same principles that hold true in retail.” SAN ANTONIO — Even the best-run, most effective organizations can benefit from occasionally...
View ArticleClik here to view.
Sales surge in 1Q at Walgreens Boots Alliance
DEERFIELD, Ill. — Strong sales gains by the U.S. retail pharmacy division propelled Walgreens Boots Alliance (WBA) in its fiscal 2018 first quarter, which also saw the company exceed Wall Street’s...
View ArticleClik here to view.
Effort to build ‘new Rite Aid’ under way
CAMP HILL, Pa. — There’s a “new Rite Aid” taking shape that executives say will emerge as a smaller but stronger company. Rite Aid Corp. president and chief operating officer Kermit Crawford said he’s...
View ArticleClik here to view.
Jean Coutu retail network sales climb in 3Q
VARENNES, Quebec — Retail network sales rose in the fiscal 2018 third quarter at the Jean Coutu Group, which posted declined corporate sales and earnings. On Thursday, the company also reaffirmed the...
View ArticleClik here to view.
Good Neighbor Pharmacy empowers independents
VALLEY FORGE, Pa. — AmerisourceBergen Corp.’s backing, combined with the entrepreneurship of independent pharmacies, has made the company’s Good Neighbor Pharmacy network an exemplar of high-touch...
View ArticleClik here to view.
CVS raises transparency in beauty marketing
WOONSOCKET, R.I. — CVS Health is bringing more transparency to beauty care marketing with the introduction of the CVS Beauty Mark, a watermark highlighting imagery that hasn’t been materially altered....
View ArticleClik here to view.
2018 Retail Forecast: Learning to Adapt
What will the second year of the Trump administration look like? Is the demise of the Affordable Care Act imminent? Will pharmacists get the greater role in health care they have long sought? These...
View Article