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Kroger, Inmar announce strategic relationship
CINCINNATI — Inmar and Kroger Co. have launched a new strategic relationship to drive innovation in digital offer management. The relationship includes the sale to Inmar of You Technology, a digital...
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Rite Aid names Mennen senior VP and CIO
CAMP HILL, Pa. — Rite Aid Corp. announced today that Justin Mennen, a seasoned technology and digital leader with more than 20 years of technology leadership experience, has been named Rite Aid’s...
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Judge softens stance on CVS-Aetna deal
WASHINGTON—According to various published reports, a federal judge on Tuesday “softened” his previous suggestion that he would likely order CVS Health to halt its integration of Aetna. U.S. District...
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GSK, Pfizer create O-T-C giant
NEW YORK — GlaxoSmithKline Plc and Pfizer Inc. have struck a deal that will create the largest over-the-counter drug company in the world. GSK paved the way for a split into two companies, agreeing to...
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Rite Aid, McKesson continue partnership
John Standley CAMP HILL, Pa. – Rite Aid Corp. and McKesson Corp. announced an agreement to key terms that will continue the companies’ pharmaceutical sourcing and distribution partnership for an...
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Walgreens earnings beat Wall Street projections
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) on Thursday reported first quarter double-digit earnings growth for fiscal 2019 that beat analysts’ expectations, while revenue fell short of...
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WBA names global executives
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. has announced three global leadership appointments. Vineet Mehra will be joining WBA as global chief marketing officer. He will be based at corporate...
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Holiday sales said to be strongest in six years
PURCHASE, N.Y. — Holiday sales increased 5.1% to $850 billion, according to the Mastercard SpendingPulse report, which characterized the season from November 1 through December 24 as retailers’...
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Prices boosted on hundreds of drugs
NEW YORK — Drugmakers are increasing the price of hundreds of drugs by an average of more than 6%, according to a new analysis by Rx Savings Solutions. With pressure on the pharmaceutical industry to...
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Bristol-Myers Squibb to Acquire Celgene Corporation
NEW YORK and SUMMIT, N.J. — In a deal worth $74 billion, Bristol-Myers Squibb announced today its plans to acquire Celgene Corporation. The transaction, according to Bristol-Myers, will create a...
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Rite Aid gets NYSE share price noncompliance notice
CAMP HILL, Pa. — The New York Stock Exchange (NYSE) has notified Rite Aid Corp. that it is no longer in compliance with continued listing standard rules because its stock price has fallen below the the...
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Hy-Vee offers controlled substance prescription policy
WEST DES MOINES, Iowa — To assist in combatting the national opioid epidemic Hy-Vee announces the implementation of a new controlled substance prescription policy. As of Jan. 1, 2019, Hy-Vee pharmacies...
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Merlo is Health Care Executive of the Year
Larry Merlo WOONSOCKET, R.I. — The combination of CVS Health and Aetna marks a new era in U.S. health care. Finalized in late November, the $69 billion deal paves the way for the combined company,...
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Hartsig wins accolade as top merchant
Joe Hartsig DEERFIELD, Ill. — Walgreens is continuing to transform its retail business, and one of the principal architects of the transformation is senior vice president and chief merchandising...
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Bartell’s stands apart among regional chains
SEATTLE — Founded in 1890, Bartell Drugs has maintained a leading position in the greater Seattle market by staying close to local consumers and continually developing new ways of addressing their...
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NACDS’ Anderson sets agenda for 2019
In health policy, 2018 and 2019 could look a lot alike. Steve Anderson In October, the National Association of Chain Drug Stores was invited to the White House for two bill-signing ceremonies in as...
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Pharmacy payment model needs to be simplified
Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. One thing that can be said about the state of prescription medications in 2019 is that the pharmacy payment model is...
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Making health care work better for patients
Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. Pharmacists are medication experts. Every day, they get to see the remarkable difference innovative treatments can...
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Walmart to leave two CVS Caremark networks
WOONSOCKET, R.I. — CVS Health announced Tuesday that Walmart has opted to leave the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. Such a...
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WBA, Microsoft pair to transform health care
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future...
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