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Walmart recognized for innovation in pharmacy
BENTONVILLE, Ark. — Walmart has had a long history of making health care more accessible and affordable. From the launch of $4 generics in 2006 to the recent introduction of Walmart Care Clinics,...
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WBA starts off fiscal 2016 on strong note
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) topped Wall Street’s earnings projections for its fiscal 2016 first quarter. WBA said Thursday that for the first quarter ended Nov. 30, 2015, adjusted...
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Jean Coutu retail sales inch up in 3Q
VARENNES, Quebec — Jean Coutu Group’s retail store network eked out total and same-store sales gains for the fiscal 2016 third quarter. On the corporate side, Jean Coutu also reported upticks in...
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Walgreens enlists partner for Chicagoland clinics
DEERFIELD, Ill. — Walgreens is turning over the operation of 56 Healthcare Clinics at stores in the greater Chicagoland area to Advocate Health Care, the largest health system in Illinois. The drug...
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McKesson, CVS sign new pact for Target Rx
SAN FRANCISCO — McKesson Corp. announced a new distribution pact with CVS Health for Target pharmacies in updating its earnings outlook for fiscal 2016 and providing preliminary guidance for fiscal...
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Walmart Express small-format stores to be shut
BENTONVILLE, Ark. — Walmart plans to close all of its Walmart Express small-format stores in the United States as part of a move to shut 269 stores worldwide. The retail giant said Friday that, after...
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Drug chains end 2015 with modest sales gains
NEW YORK — Drug stores outpaced other mass retailers in December sales, even with modest increases in total and same-store sales for the month. Total drug store sales in December were up 4% compared...
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2016 Retail Outlook: Pharmacy’s reach to expand
The practice of pharmacy continues to gain recognition as an integral part of the rapidly changing health care system. As 2016 gets under way, chain drug retailers are seeking ways to elevate the...
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Industry eyes CMS final rule for Rx reimbursement
WASHINGTON — The Centers for Medicare & Medicaid Services (CMS) has issued the Covered Outpatient Drugs final rule with comment, which the National Association of Chain Drug Stores said includes...
View ArticleRexall debuts medication synchronization program
MISSISSAUGA, Ontario — Rexall has launched a medication synchronization program for 445 of its pharmacies across Canada. Called OneStopMeds, the med sync program is powered by Ateb’s Time My Meds...
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Pessina: U.S. market WBA’s ‘greatest opportunity’
WBA executive vice chairman and CEO Stefano Pessina addresses investors at the annual shareholders meeting in New York. NEW YORK — Walgreens Boots Alliance’s deal to acquire Rite Aid and partnership...
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RediClinic allies with Phila.-area health network
PHILADELPHIA — Rite Aid Corp.’s RediClinic has allied with regional health care provider Aria Health, a move that will bring the retail clinic operator’s services to more people in the greater...
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CVS Pharmacy makes Target debut
WOONSOCKET, R.I., and MINNEAPOLIS — The first CVS pharmacies have opened in six Target discount stores in North Carolina. Branded as CVS Pharmacy, the pharmacies are being operated as...
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Rite Aid shareholders OK Walgreens merger deal
CAMP HILL, Pa. — Rite Aid Corp. stockholders have voted overwhelmingly to approve the company’s $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Approximately 97% of the votes cast...
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Issues top of mind at Regional Chain Conference
NACDS chairman Randy Edeker of Hy-Vee outlines the association’s advocacy on Medicaid pharmacy reimbursement. FORT LAUDERDALE, Fla. — Fresh off the Denver Broncos’ Super Bowl victory last evening,...
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CVS Health sees strong finish to 2015 fiscal year
WOONSOCKET, R.I. — CVS Health saw sales climb by double digits for the 2015 fourth quarter and fiscal year, fueled in large part by its acquisition of long-term care pharmacy provider Omnicare Inc.,...
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Walgreens sharpens aim at drug abuse
DEERFIELD, Ill. — Aligning with public- and private-sector efforts to fight drug abuse, Walgreens plans to make opioid-overdose antidote naloxone available without a prescription in most of its stores...
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More work needed on preferred pharmacy access
ALEXANDRIA, Va. — Though the Centers for Medicare & Medicaid Services (CMS) has improved Medicare Part D patient access to preferred pharmacies, more work needs to be done, according to the...
View ArticleRegional drug chains look to build on strengths
FORT LAUDERDALE, Fla. — Stakeholders in chain pharmacy understandably direct a lot of attention to the giants of the industry, such companies as CVS Health, Walgreens Boots Alliance, McKesson and...
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Walmart earnings decline for 4Q, full year
BENTONVILLE, Ark. — Walmart reported decreased net earnings for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share above Wall Street’s consensus forecast. The retail giant...
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