CAMP HILL, Pa. — Rite Aid Corp. stockholders voted overwhelmingly this month to approve the company’s $17.2 billion acquisition by Walgreens Boots Alliance Inc. (WBA). Some 97% of the votes cast at a special meeting of stockholders were in favor of the deal. A quorum of 72% of Rite Aid’s total outstanding shares of common
NEW YORK — Twenty of the country’s largest corporations, including American Express Co., Coca-Cola Co. and Macy’s Inc., have banded together to rein in employee health care costs. The companies have formed Health Transformation Alliance (HTA) to break with wasteful and inefficient marketplace practices that have resulted in employees paying higher premiums, co-payments and deductibles
NEW YORK — The newest Duane Reade store has taken the chain’s integration with parent company Walgreens to another level while attracting thousands of customers daily with distinctive offerings. The store opened in January. Exterior signs for the outlet, in Penn Station in Manhattan, say Duane Reade by Walgreens. The interior conforms more to a
VALLEY FORGE, Pa. — AmerisourceBergen Corp. has inked a long-term distribution deal with Publix Super Markets Inc. for branded and generic pharmaceuticals and over-the-counter products. The agreement also enables Publix’s more than 980 pharmacies across the Southeast to expand patient access to specialty medications. “Publix continues to push the boundaries of how our pharmacy business
NEW YORK — Five hair care brands are headlining Texture on the Runway, a showcase for textured hair being held during New York’s Fall 2016 Fashion Week. Taking place on Saturday, Feb. 13, at City Winery in Manhattan, the invitation-only event will put hair center stage, highlighting the latest trends, styles and products for curls,
ARLINGTON, Va. — The National Association of Chain Drug Stores was working with member companies at presstime to review the final rule on Medicaid prescription reimbursements. The Centers for Medicare & Medicaid Services (CMS) says the 658-page rule — which takes effect April 1 after a comment period — establishes a regulatory definition for average
TORONTO — Jeff Leger has been named executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores. He had been senior vice president of Loblaw pharmacy and pharmaceutical partnerships. Leger took the new role following the departure of Dr. Dorian Lo, who was executive vice president of pharmacy and
TORONTO — Shoppers Drug Mart (SDM) has expanded its beauty offering with the introduction of the Joe Fresh Beauty collection. The launch brings a comprehensive new lineup of seasonally relevant colors and innovative products for face, cheeks, eyes and lips, with new items to be added on a regular basis, including core and seasonal cosmetics.
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 at a special meeting of stockholders on Thursday were in favor of the deal. A quorum of 72% of Rite Aid’s total outstanding
VALLEY FORGE, Pa. — AmerisourceBergen Corp. has entered a long-term distribution deal with food and drug chain Publix Super Markets Inc. that includes branded, generic and over-the-counter pharmaceuticals. AmerisourceBergen said Thursday that the agreement includes direct delivery to Publix’s more than 980 pharmacies across the Southeast as well as its warehouse and central-fill facilities. The
WASHINGTON — President Obama has vetoed congressional legislation that would repeal the Affordable Care Act. Repeal bills passed by the House and Senate “would reverse the significant progress we have made in improving health care in America,” Obama said. Noting that 17.6 million Americans have gained health care coverage under the law, he said the
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, which promise to have the same kind of impact on pricing in that sector as the earlier program did in pharmacy, the
DEERFIELD, Ill. — Walgreens and Valeant Pharmaceuticals International Inc. have inked a distribution deal that will cut prices of Valeant prescription products at Walgreens by 10%, and may be extended to independent retail pharmacies. The discount will apply to wholesale list prices and will be phased in over the next six to nine months. The
WOONSOCKET, R.I. — CVS Health Corp. has completed the acquisition of Target Corp.’s pharmacy and clinic businesses, making CVS the No. 1 drug chain by store count and sales. With the closing of the $1.9 billion deal, CVS has picked up Target’s 1,672 pharmacies across 47 states, giving it more than 9,500 prescription counters. Walgreens
