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Jeff Leger named Shoppers Drug Mart president

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. Loblaw confirmed Leger’s appointment on Tuesday. He previously served as executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores. Prior

First batch of Rite Aid stores go to WBA

CAMP HILL, Pa. — Walgreens Boots Alliance has taken over the first 97 of its acquired Rite Aid Corp. stores. WBA purchased 1,932 stores under a revised deal with Rite Aid after the government thwarted its acquisition of the entire chain. WBA also picked up three distribution centers and related inventory from Rite Aid as

How a move by Amazon could impact retail Rx

How a move by Amazon could impact retail Rx

NEW YORK — While rumors of Amazon’s entry into pharmacy continue to swirl, some analysts are questioning just how significant the move would be. “Amazon’s U.S. Pharmacy Opportunity: Not Necessarily A Game Changer,” is the title of a report by Cowen. For its part, Fung Global Retail & Technology said the online retailer’s pursuit of

Senate tax reform bill may doom ACA’s individual mandate

Senate tax reform bill may doom ACA’s individual mandate

WASHINGTON — The Senate’s repeal of the Affordable Care Act (ACA) individual mandate as part of its sweeping tax reform bill has likely spelled doom for the provision, which required people who didn’t obtain health insurance to pay a tax penalty. Sen. John Barrasso (R., Wyo.) said the 51-49 vote passing the Senate tax reform

Kaufmann named Cardinal CEO, succeeding Barrett

Kaufmann named Cardinal CEO, succeeding Barrett

DUBLIN, Ohio — Mike Kauf­mann has been named chief executive officer of Cardinal Health Inc., effective January 1. The 54-year-old Kaufmann, Cardinal’s chief financial officer, will succeed George Barrett. Barrett, 62, the company’s chairman and CEO since 2009, will serve as executive chairman through the annual shareholders meeting next November. Lead independent director Gregory Kenny

NACDS: Pharmacy can be major player in opioid crisis

BALTIMORE — Pharmacy can be key to thwarting opioid abuse, National Association of Chain Drug Stores president and chief executive officer Steve Anderson told a government summit on the opioid crisis. “Advancing the health and safety of patients, families, communities and the nation remains the priority of pharmacies, and confronting the opioid abuse epidemic is

CVS to offer next-day prescription delivery

WOONSOCKET, R.I. — CVS Pharmacy will launch next-day prescription delivery nationwide in early 2018. As part of the CVS next-day prescription delivery rollout, same-day delivery will be available in selected cities, with the service beginning in New York next month. “Our goal is to meet the needs of all of our customers wherever, however and

CVS makes moves to strengthen PBM business

CVS makes moves to strengthen PBM business

WOONSOCKET, R.I. — CVS Health has announced two major agreements to boost pharmacy benefit management ­services. The company late last month introduced a 30,000-store performance-based pharmacy network anchored by CVS Pharmacy and Walgreens designed to deliver savings and improved clinical outcomes for CVS Caremark PBM members. That followed the company’s announcement of a five-year deal

Prospects for compromise on ACA unclear

WASHINGTON — The future of the bipartisan bill to stabilize health insurance markets remained uncertain after President Trump sent mixed signals about the health reform legislation. GOP senators who met with Trump late last month said he had withheld his backing for the bill, which would temporarily restore insurance subsidies that the president had blocked

In-store medication disposal kiosks installed at CVS

WOONSOCKET, R.I. — CVS Health has expanded its safe medication disposal program with in-store kiosks. The new disposal units inside 750 CVS Pharmacy stores will add to the more than 800 CVS medication disposal kiosks the company has donated to law enforcement officials across the country. Those units have collected more than 100 metric tons

AllianceRx Walgreens Prime up and running

AllianceRx Walgreens Prime up and running

ORLANDO, Fla. — Merging the specialty pharmacy and mail service capabilities of Walgreens and Prime Therapeutics LLC has created a whole that is greater than the sum of its parts, says Joel Wright, chief executive officer of the newly formed AllianceRx Walgreens Prime. Increased purchasing scale and the addition of Prime’s clinical and lives management

Metro agrees to acquire Jean Coutu Group

Metro agrees to acquire Jean Coutu Group

MONTREAL — The acquisition of the Jean Coutu Group by Metro Inc. will create a $16 billion food and drug retailer with 1,307 stores in Quebec, Ontario and News Brunswick. Metro has agreed to purchase Coutu for $24.50 per share in cash and stock in a total deal valued at $4.5 billion ($3.6 billion U.S.).

WBA launches YourGoodSkin line

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is launching YourGoodSkin, scientifically developed products to help prevent skin problems before they occur. The line will be available at selected Walgreens stores and on Walgreens.com in the U.S. and at Boots stores and on boots.com in the U.K. and ­Ireland. Cocreated with scientists, dermatologists and a community

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