ECRM_1170x120_8-1-17

Issue 07-03-2017

Senate Republicans unveil Obamacare replacement plan

Senate Republicans unveil Obamacare replacement plan

WASHINGTON — After weeks of working behind closed doors to draft a bill to replace Obama­care, Senate Republican leaders released the Better Care Reconciliation Act and set about finding 50 votes to pass it. Like the American Health Care Act that passed the House in May, the Senate bill represents a major revision to the

After 75 years, Lewis Drug knows people are everything

After 75 years, Lewis Drug knows people are everything

SIOUX FALLS, S.D. — Reflecting on the 75th anniversary of the business his father started in 1942, Mark Griffin, president and chief executive officer of Lewis Drug, says he is most proud of how his daughter Nikki Griffin, the company’s corporate vice president, has stepped up to keep the Griffin legacy thriving. “She’s extremely intelligent

CVS and Cigna try new patient care model

WOONSOCKET, R.I. — Cigna and CVS Health recently rolled out Cigna Health Works, a new partnership that aligns Cigna-administered health benefits with CVS Pharmacy and CVS MinuteClinic retail health care services to deliver an innovative consumer-friendly experience for Cigna self-funded employer-sponsored health plans. This collaboration brings together the health benefits insights of a global health

Rite Aid revamps Harrisburg urban store

Rite Aid revamps Harrisburg urban store

CAMP HILL, Pa. — Rite Aid Corp. last month celebrated the grand reopening of its 14,000-square-foot Market Street store inside Strawberry Square, a 1 million-square-foot, mixed-use complex in the heart of downtown Harrisburg, Pa. Mayor Eric Papenfuse joined Rite Aid executive vice president of store operations Bryan Everett and other company and community officials at

Operations restructured at AmerisourceBergen

VALLEY FORGE, Pa. — AmerisourceBergen Corp. has reorganized its operating model and leadership team to meet customer needs in what the company says will be “a more seamless and unified way.” The pharmaceutical distributor said that its customer-facing offerings will now be aligned under two groups: Pharmaceutical Distribution and Strategic Global Sourcing, and Global Commercialization

Dollar General tabs Reiser as chief merchant

GOODLETTSVILLE, Tenn. — Dollar General Corp. has named Jason Reiser as its next executive vice president and chief merchandising officer. Currently executive vice president and chief operating officer at The Vitamin Shoppe, Reiser will join the dollar store chain July 12. Reiser will replace Jim Thorpe, who recently retired from Dollar General, which operates some

McKesson Canada to divest 27 Rexall drug stores

ST. LAURENT, Quebec — McKesson Corp. is selling 27 Rexall drug stores to Rx Drug Mart under a consent agreement with the Competition Bureau of Canada for its $2.2 billion (Canadian) acquisition of Rexall Health. The Competition Bureau said last month that it has approved Rx Drug Mart, a Toronto-based independent pharmacy network, as the

Doc’s Drugs to become part of CVS Pharmacy

WOONSOCKET, R.I. — CVS Pharmacy plans to acquire Doc’s Drugs, a chain of 14 drug stores in Illinois. Financial terms of the acquisition were not disclosed. The company said all of the Doc’s stores will be converted and rebranded as CVS Pharmacy locations by late July. “Together, Doc’s Drugs and CVS Pharmacy have created a

Total Store Expo will feature Powell speech

ARLINGTON, Va. — Former Secretary of State and Retired Army Gen. Colin Powell will be the keynote speaker at the 2017 NACDS Total Store Expo. The National Association of Chain Drug Stores said Powell will speak at the event’s business session on Sunday, August 20. TSE runs from August 19 through August 22 in San

Retail turmoil opens the door for innovation

Retail turmoil opens the door for innovation

Ralph Waldo Emerson wrote, “People wish to be settled; only as far as they are unsettled is there any hope for them.” To the extent that Emerson’s insight is applicable to the grocery business, retailers vying for a share of the nation’s $800 billion a year in food and beverage sales, a contingent that includes

Drug chains on periphery of retail action

Drug chains on periphery of retail action

The biggest stories to come out of chain drug retailing thus far in 2017 are non-stories. Indeed, it’s grocery and discount store retailers that are making all the news, while drug chains continue to anticipate the newest developments — or, more likely, wait for them to happen. In the supermarket business, Albertsons Cos. is making

M&A activity heats up in specialty pharmacy

M&A activity heats up in specialty pharmacy

In recent years, the specialty pharmacy industry has been defined by rapid growth with considerable entry from new participants. Factors driving growth include an increase of therapies introduced into the pharmacy benefit class rather than through the medical benefit, a growing number of patients receiving treatment for a wider range of conditions, price inflation caused