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Sears files for Chapter 11 bankruptcy

Sears files for Chapter 11 bankruptcy

HOFFMAN ESTATES, Ill. — Sears Holdings Corp., the corporate parent of two storied firms that once ranked as the nation’s two largest retailers, announced Monday morning that it had filed for Chapter 11 bankruptcy.  The company’s reorganization plan calls for the closure of 142 additional Sears and Kmart stores, in addition to the previously announced

CVS urges safe dispose of prescription drugs

CVS urges safe dispose of prescription drugs

WOONSOCKET, R.I .— CVS Health  is encouraging consumers to clean out their medicine cabinets and safely dispose of unused prescription medication on National Prescription Drug Take-Back Day, this October 27. CVS Health has installed safe medication disposal units in more than 750 CVS Pharmacy locations nationwide and has donated more than 900 additional units to community

Walgreens delivers double-digit growth in earnings

Walgreens delivers double-digit growth in earnings

DEERFIELD, Ill. — Walgreens Boots Alliance posted mixed fourth quarter results, as earnings beat expectations but sales fell short of projections. Adjusted net earnings for the quarter ended August 31 rose 4.5% to $1.4 billion, up 4.5% on a constant currency basis, from a year ago. Adjusted earnings per share were $1.48, up 13% on

NACDS participates in signing of “gag clause” bills

NACDS participates in signing of “gag clause” bills

ARLINGTON, Va. – At the invitation of the White House, the National Association of Chain Drug Stores (NACDS) today participated with President Trump in the signing ceremony for the Patient Right to Know Prices Act (S. 2554) and the Know the Lowest Price Act (S. 2553). Representing NACDS at the ceremony were NACDS vice chairman

DOJ greenlights CVS-Aetna merger

DOJ greenlights CVS-Aetna merger

WASHINGTON — The Department of Justice gave preliminary approval Wednesday for CVS Health’s acquisition of Aetna Corp., which the two companies say will remake health care. The path to the $69 billion merger was cleared last month when Aetna agreed to sell its Medicare Part D drug plan business to WellCare Health Plans. Antitrust regulators

Walgreens mobilizes in advance of Hurricane Michael

Walgreens mobilizes in advance of Hurricane Michael

DEERFIELD, Ill. — Walgreens is taking proactive measures to assist customers, team members and communities in the projected path of Hurricane Michael, and is preparing to fully support impacted regions in the storm’s aftermath.  The company is taking the following steps: Prescription Drug Preparedness: In advance of the hurricane, Walgreens is underscoring the importance of prescription

Walgreens and Birchbox offer new beauty experience

Walgreens and Birchbox offer new beauty experience

DEERFIELD, Ill. — Walgreens and online beauty retailer Birchbox are teaming up to build Birchbox retail experiences within select Walgreens stores. The multi-channel offering will bring prestige beauty brands into Walgreens stores and allow customers to discover and shop for new brands in an interactive and accessible way, and will include a curated Birchbox shop on Walgreens digital properties. As

Kroger, Walgreens working on pilot program

Kroger, Walgreens working on pilot program

DEERFIELD, Ill. – Kroger Co. and Walgreens are teaming up to work on an exploratory pilot program with a new format and concept that combines Kroger’s role as America’s grocer and food authority with Walgreens global expertise in pharmacy, health and beauty. The two retail leaders have selected 13 Walgreens stores in Northern Kentucky, near

UnitedHealth acquires Genoa Healthcare

UnitedHealth acquires Genoa Healthcare

MINNETONKA, Minn. — UnitedHealth Group has confirmed that its OptumRx division for pharmacy services is combining operations with Genoa Healthcare, which runs 435 pharmacies in behavioral health centers in 46 states. An unnamed source familiar with the deal, reported that UnitedHealth, which is based here, paid about $2.5 billion to acquire Genoa. OptumRx spokesperson Drew

Rite Aid’s Q2 earnings meet expectations

Rite Aid’s Q2 earnings meet expectations

CAMP HILL, Pa. – Rite Aid Corp. on Thursday posted second-quarter earnings that were in line with Wall Street’s expectations. The company also named three new board members and announced it was dividing the chairman and chief executive officer position. Director Bruce Bodaken will become chairman while John Standley remains CEO. The moves follow the

House sends NACDS-backed “gag clause” bill to President

House sends NACDS-backed “gag clause” bill to President

ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) lauded Congressional leaders for their efforts to empower pharmacists help patients reduce out-of-pocket drug costs. The U.S. House of Representatives approved the Senate-passed versions of the Patient Right to Know Prices Act (S. 2554) and the Know the Lowest Price Act (S. 2553), thus

Sharecare teams with Walmart for wellness events

Sharecare teams with Walmart for wellness events

ATLANTA — Sharecare, the digital health company helping people manage all their health in one place, today announced it will be participating in Walmart Wellness events on Saturday, September 22 at more than 4,600 locations across the country. Sharecare’s participation in the largest health fair in the country is the latest expansion of its strategic partnership with

Amazon looks at rollout of cashier-less stores

Amazon looks at rollout of cashier-less stores

SEATTLE — Amazon is considering opening as many as 3,000 of its cashier-less Amazon Go convenience stores by 2021, unnamed sources familiar with the plan told Bloomberg News. Ten Go stores would be up and running by the end of 2018, 50 by the end of 2019 and up to 3,000 by 2021, according to

NACDS praises passage of bill to prohibit “gag clauses”

NACDS praises passage of bill to prohibit “gag clauses”

ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) praised the U.S. Senate’s passage last evening of the Patient Right to Know Prices Act (S. 2554). The bill would help patients in private plans save money on prescription drugs by ending so-called “gag clauses” that prevent pharmacists from telling patients they could save

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