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Anderson spurs NACDS to anticipate what comes next
Steve Anderson, NACDS president and chief executive officer ARLINGTON, Va. — In the currently chaotic public policy environment, the ability of the National Association of Chain Drug Stores to remain...
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New look signals new approach to health care
NEW YORK — This isn’t your father’s chain drug industry. It’s not even your older brother’s. The mergers of CVS Health and Aetna Inc. and Rite Aid Corp. and Albertsons Cos. are recasting two of the...
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Panzer vows to keep NACDS focused on patients’ needs
Mark Panzer BOISE, Idaho — Mark Panzer, chairman of the National Association of Chain Drug Stores, has been involved with the chain drug business for over 40 years. During that time, he has seen the...
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Panzer hails mentorship and collaboration
Panzer, right, takes the chairman’s gavel from Alex Gourlay PALM BEACH, Fla. — In his first remarks as chairman of the National Association of Chain Drug Stores, Mark Panzer thanked those who have...
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CVS releases 11th annual CSR Report
WOONSOCKET, R.I. — CVS Health today released its 11th annual Corporate Social Responsibility (CSR) Report, detailing its latest efforts to shape the future of health care, reduce environmental impact...
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CVS to acquire Red Cross Pharmacy
MARSHALL, Mo. and WOONSOCKET, R.I. – Red Cross Pharmacy, a top 50 drugstore chain as well as one of the oldest pharmacy businesses in the country, announced that it plans to sell its 14 retail...
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Rexall to shutter 40 stores
Rexall was hailed by McKesson for “enhanced retail pharmacy capabilities.” TORONTO — McKesson Canada’s Rexall chain is closing 40 outlets in Ontario and Western Canada, nearly one-tenth of its total...
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Fred’s Inc. CEO Michael Bloom resigns
MEMPHIS, Tenn. — Fred’s Inc. announced on Friday that chief executive officer Michael Bloom resigned from his post, effective on April 24. He also resigned from his seat on the company’s board. Joseph...
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Walgreens joins pioneering health science project
LA JOLLA, Calif. — A nationwide consortium led by the National Institutes of Health (NIH) will launch the All of Us Research Program on Friday, May 6, which is being hailed as a pioneering research...
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Higher script volumes aid in Q1 gains for CVS
WOONSOCKET, R.I. — CVS Health’s revenue was on the rise as it filled more prescriptions and benefited from a lower effective tax rate, the company said today in reporting its operating results for the...
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NACDS’ thought leadership on display at World Health Care Congress
NACDS past chairman Martin Otto, chief operating officer of H-E-B, second from left, engages in the keynote panel titled “Call to Action: Collaborate and Mitigate Social Determinants of Health to...
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Fred’s pursuing sale of specialty pharmacy business
MEMPHIS — During its earnings call Friday, Fred’s Inc. announced it is evaluating options for its retail pharmacy portfolio and “actively pursuing a sale” of its specialty pharmacy business, as it...
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McKesson to bring ideaShare 2018 to Las Vegas
IRVING, Texas — For more than 35 years McKesson’s ideaShare has been the premier education and networking event for community pharmacies. The leading conference is designed to help independent pharmacy...
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NACDS-backed e-prescribing bill to fight opioid abuse passes
ARLINGTON, Va. – Legislation backed by the National Association of Chain Drug Stores (NACDS) to help address the opioid abuse epidemic was passed today by the House of Representatives Energy and...
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Metro completes Coutu acquisition
Eric La Flèche MONTREAL — Metro Inc. has completed its $4.5 billion ($3.6 billion U.S.) acquisition of the Jean Coutu Group, creating a food and drug retailer with more than 1,300 stores in Quebec,...
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Retailers praise Trump for taking on drug prices
WASHINGTON — CVS Health and Walgreens have commended President Trump for vowing in a speech today to fight high drug prices. Issuing a sweeping plan to bring down prices, Trump again castigated...
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Albertsons, Rite Aid unveil merger’s strategies and synergies
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies....
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Online grocery sales boost Walmart’s Q1 growth
BENTONVILLE, Ark. — Walmart on Friday reported fiscal first quarter income of $2.1 billion on a 4.4% increase in revenue, to $122.7 billion, thanks largely to a jump in online grocery sales. Walmart’s...
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Rite Aid makes opioid disposal solution available
CAMP HILL, Pa .— Rite Aid Corporation announced today that DisposeRx, a first-of-its-kind opioid disposal solution, is now available at all of Rite Aid’s more than 2,500 pharmacies across the United...
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Senate Committee moves NACDS-backed Drug Disposal Bill
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) welcomed the Senate Judiciary Committee’s passage today of S. 2645, the Access to Increased Drug Disposal Act of 2018, which is...
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