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Lampert wins bid to keep Sears open for now

CHICAGO — Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the...

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CVS, Walmart reach new PBM network deal

WOONSOCKET, R.I. — CVS Health and Walmart today announced the companies have reached a multi-year agreement on terms under which Walmart will continue participating in the CVS Caremark pharmacy benefit...

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Making the Rx markets more competitive again

Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. This past June, Secretary of Health and Human Services Alex Azar told the Senate Finance Committee, “We need a...

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Putting patients first and encouraging innovation

Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. For much of 2018, capital markets for biotech investment were strong. Some 53 biotech companies went public with...

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Canada’s pharmacy sector holding strong

Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. Justin Bates Looking ahead to 2019, the pharmacy business is poised to be more disrupted than ever before. Over the...

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New beauty aisles at CVS reflect transparency

WOONSOCKET, R.I. — CVS Pharmacy, the retail division of CVS Health, announced significant progress toward the goal of full transparency for all of its beauty imagery by the end of 2020 and its efforts...

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CVS announces organizational changes

Judy Sansone WOONSOCKET, R.I. —  CVS Pharmacy has expanded the responsibilities of Judy Sansone, the chain’s senior vice president of front store business and chief merchant. In addition, George...

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The profession of pharmacy: A tale of two realities

Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. Today, pharmacists are facing a health care environment that presents both opportunities and challenges. Tom...

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Jhaveri named Health Mart president

IRVING, Texas — Nimesh Jhaveri has joined the Health Mart family of community pharmacies as president. Jhaveri, who has 30 years of hands-on pharmacy experience, started in his new role on October 31....

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Aetna, Apple team to launch Attain app

BOSTON — Aetna, a CVS Health business, has launched Attain, a unique health experience designed by Aetna in collaboration with Apple. Through the use of an Apple Watch, the Attain app will provide...

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NACDS promotes six to advance Access Agenda

ARLINGTON, Va. – The National Association of Chain Drug Stores  has promoted six staff members to roles vital to the advancement of the NACDS Access Agenda and its related issue campaigns. Michael...

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CVS expands free wellness screenings in California

LOS ANGELES — As part of its commitment to building healthier communities across the country, CVS Health announced Wednesday it is expanding its free health and wellness screening campaign statewide in...

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CVS and Walgreens test in-store dental services

DEERFIELD, Ill. and WOONSOCKET, R.I. — With chain drug stores starting to offer some health check ups, CVS Health and Walgreens are now addressing oral health at some of their locations as well. CVS’s...

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CVS offering free heart health screenings in February

WOONSOCKET, R.I. — As part of its ongoing commitment to building healthier communities, CVS Health announced Monday it will be offering no cost “Know Your Numbers” heart health screenings at...

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DIR fee reform highlights NACDS Regional

PALM BEACH – The National Association of Chain Drug Stores’ (NACDS) campaign-style approach to the issues crucial for pharmacy value and viability dominated today’s opening session of the 2019 NACDS...

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Fred’s names Joe Anto permanent CEO

MEMPHIS — Fred’s Inc. announced in a filing with the Securities and Exchange Commission that Joseph Anto is now the chief executive officer of the company, effective February 3. The board made the...

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Hy-Vee expands discount medications list

WEST DES MOINES, Iowa  — Hy-Vee announced Wednesday the expansion of its discount medications list to assist customers with lowering their health care costs, making their lives easier, healthier and...

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HHS Sec. Azar visits community pharmacists

Diane Milano with U.S. Department of Health and Human Services Secretary Alex Azar. METAIRIE, La.  — U.S. Department of Health and Human Services Secretary Alex Azar yesterday visited Chateau Drugs...

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J&J to list drug prices in TV commercials

TRENTON, N.J.  — Johnson & Johnson announced Thursday it will start providing the list price of its prescription drugs in upcoming television ads. The company would be the first drugmaker to take...

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Product of the Year USA announces 2019 winners

NEW YORK – Product of the Year USA, the world’s largest consumer-voted award for product innovation, announced the highly-anticipated winners of the 2019 Product of the Year Awards. Determined by a...

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