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Walgreens to launch lab testing at selected stores

Walgreens to launch lab testing at selected stores

DEERFIELD, Ill. and BURLINGTON, N.C. — Walgreen Co. is collaborating with LabCorp to have the latter develop and operate patient service centers within selected Walgreens stores. The centers, which will be cobranded “LabCorp at Walgreens,” will offer lab testing in a secure, comfortable environment for specimen collection, located near the pharmacy area. Seven LabCorp at

AmerisourceBergen revamps operating model

AmerisourceBergen revamps operating model

VALLEY FORGE, Pa. — AmerisourceBergen Corp. said it has reorganized its operating model and leadership to meet customer needs “in a more seamless and unified way.” The pharmaceutical distributor announced Monday that its customer-facing offerings are now aligned under two groups: Pharmaceutical Distribution and Strategic Global Sourcing, and Global Commercialization Services and Animal Health. The

Amazon to acquire Whole Foods Market

Amazon to acquire Whole Foods Market

SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said Friday. Whole Foods cofounder and chief executive

Fred’s boosts funding for Rite Aid store purchase

Fred’s boosts funding for Rite Aid store purchase

MEMPHIS, Tenn. — Fred’s Pharmacy has procured $550 million in additional funding for its deal to buy up to 1,200 Rite Aid stores in connection with the Walgreens-Rite Aid merger. In an 8-K filing with the Securities and Exchange Commission yesterday, Fred’s said that for a second time it has amended and restated a commitment

Generic drugs see low abandonment rate

Generic drugs see low abandonment rate

WASHINGTON — Prescription abandonment is sharply higher for branded drugs than generic drugs, a new annual report commissioned by the Association for Accessible Medicines (AAM) found. AAM said Monday that abandonment — defined as the failure to pick up a new script — was nearly three times as high for brand-name drugs as for generics

Walmart Wellness Day to get more days

Walmart Wellness Day to get more days

BENTONVILLE, Ark. — This year, Walmart is extending the reach of Walmart Wellness Day, billed as the “largest health fair in America.” On June 17, Walmart plans to offer free health screenings — including blood pressure, blood glucose, body mass index (BMI) — at its more than 4,600 stores nationwide from 10 a.m. to 2

CVS Health, Cigna take new approach to care

CVS Health, Cigna take new approach to care

WOONSOCKET, R.I., and BLOOMFIELD, Conn. — CVS Health and Cigna say they’re ushering in a new health care and drug coverage model with the launch of Cigna Health Works, which joins Cigna-administered health benefits with CVS Pharmacy and MinuteClinic retail pharmacy and health services. CVS and Cigna said Thursday that Cigna Health Works is designed

Rite Aid execs: Merger approval not guaranteed

Rite Aid execs: Merger approval not guaranteed

NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal Trade Commission. “We remain actively engaged in discussions with the FTC to attempt to gain regulatory approval, and there can be

CVS Pharmacy acquires Doc’s Drugs

CVS Pharmacy acquires Doc’s Drugs

WOONSOCKET, R.I. — CVS Pharmacy plans to buy Doc’s Drugs, a chain of 14 drug stores in Illinois. Financial terms of the acquisition weren’t disclosed. CVS said all of the Doc’s stores will be converted and rebannered as CVS Pharmacy by late July. The Doc’s stores being acquired — including one Sartoris Drugs location —

Fred’s sees same-store sales uptick for May

Fred’s sees same-store sales uptick for May

MEMPHIS, Tenn. — Fred’s Pharmacy saw same-store sales edge up in May, though store closings led to a year-over-year revenue decline for the month. Fred’s said Thursday that sales for the four weeks ended May 27 totaled $160.1 million, down 3.1% from $165.2 million a year earlier. The company attributed the sales decrease to the closure

Albertsons acquires MedCart Specialty Pharmacy

Albertsons acquires MedCart Specialty Pharmacy

BOISE, Idaho — Albertsons Cos. has acquired MedCart Specialty Pharmacy, a Livonia, Mich.-based provider of pharmacy services for people with complex diseases. Financial terms of the agreement weren’t disclosed. Plans call for MedCart, privately owned since 2012, to operate under its current leadership as a new business unit in Albertsons’ pharmacy organization. The MedCart unit

Sephora, Ulta turn up the heat in beauty care

Sephora, Ulta turn up the heat in beauty care

NEW YORK — Sephora and Ulta Beauty have altered the beauty care landscape, siphoning off customers from both department and mass stores. And both specialty retailers show no signs of slowing down — suggesting that mass retailers must find new strategies to stem the losses, especially of Millennials and Generation Z customers. Market researcher Euromonitor

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