ECRM_1170x120_4-15-17

News

Articles from the CDR print editions. Limit this selection to a specific issue by selecting from BACK ISSUES & CATEGORIES.

Gourlay’s global view to benefit NACDS

Gourlay’s global view to benefit NACDS

DEERFIELD, Ill. — Alex Gourlay, co-chief operating officer of Walgreens Boots Alliance Inc. (WBA), brings a unique global perspective as the incoming chairman of the National Association of Chain Drug Stores. Most of Gourlay’s career was spent at the U.K.’s largest drug store chain, Boots, and its eventual parent company Alliance Boots PLC. In 2013

Outlook: New landscape for drug chains?

Outlook: New landscape for drug chains?

NEW YORK — Entering the second quarter of 2017, the chain drug industry was awaiting answers to a couple of big, lingering questions. First, what will the chain drug landscape look like? A significant change in the field of players is likely in store pending antitrust clearance of Walgreens Boots Alliance Inc.’s (WBA’s) deal to

Under Anderson, NACDS always ready to respond

Under Anderson, NACDS always ready to respond

ARLINGTON, Va. — One of the many strengths of the National Association of Chain Drug Stores has been its advocacy role in public policy. In the wake of last November’s election and the resulting turmoil and uncertainty in Washington, that expertise takes on greater importance than ever. At the same time, with U.S. health care

Republicans renew attempt to repeal Obamacare

Republicans renew attempt to repeal Obamacare

WASHINGTON — The effort to end Obamacare is not over, although whether the Affordable Care Act will be completely shelved or recast is unclear. Despite last month’s aborted House vote on a replacement bill, Republicans continue to seek an alternative to the ACA that the whole party — and possibly some Democrats — can get

Lawsuit aims to derail Washington state pharmacy regs

OLYMPIA, Wash. — The National Association of Chain Drug Stores has joined the National Community Pharmacists Association (NCPA) and Washington State Pharmacy Association (WSPA) in suing Washington state over a rule they say would reimburse pharmacies for less than the cost of dispensing Medicaid prescriptions. The plaintiffs last month filed an emergency motion in Superior

McKesson Canada to buy Uniprix

McKesson Canada to buy Uniprix

ST. LAURENT, Quebec — McKesson Canada has agreed to purchase 380-store suburban Montreal-based Uniprix. Terms of the deal, which will lift McKesson Canada’s store count over the 2,500 mark, were not disclosed. The acquisition is a natural step for two companies with deep roots in Quebec that have a long history of working together to

CVS appoints chief policy officer

WOONSOCKET, R.I. — CVS Health has appointed Thomas Moriarty to the new position of chief policy and external affairs officer. He had been executive vice president, general counsel and chief strategy officer. In addition, CVS has consolidated corporate communications, legal, government affairs and public policy into one operating unit under Moriarty, who continues to report

WBA’s Pessina still bullish about Rite Aid acquisition

WBA’s Pessina still bullish about Rite Aid acquisition

NEW YORK — Walgreens Boots Alliance Inc. (WBA) executive vice chairman and chief executive officer Stefano Pessina has expressed confidence that the company’s planned merger with Rite Aid Corp. will be approved by the end of July. “I am still optimistic that we will bring this deal to a successful conclusion, but there is no

Kavthekar named Diplomat Pharmacy CFO

FLINT, Mich. — Starting May 1, one of the leading independent specialty pharmacies will have a new chief financial officer. Diplomat Pharmacy recently announced the appointment of Atul Kavthekar as CFO and treasurer. Kavthekar, according to Diplomat, has demonstrated financial and strategic leadership in his previous roles in the technology, health care and investment banking

Coalition trains fire on DIR fees under Medicare Part D

Coalition trains fire on DIR fees under Medicare Part D

ALEXANDRIA, Va. — A group 118 health care stakeholders, including chain drug retailers, have called on Congress to crack down on direct and indirect remuneration (DIR) fees in Medicare Part D. Mobilized by the National Community Pharmacists Association (NCPA), the broad coalition sent letters to the Senate and House of Representatives to voice their support

WBA, Prime Therapeutics tab leaders for joint venture

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Prime Therapeutics LLC have completed the formation of a combined central specialty pharmacy and mail service company, a move that was first announced last August. The leadership team of the new enterprise, AllianceRx Walgreens Prime, has also been ­revealed. Joel Wright, formerly divisional vice president for

HealthWATCH for Business introduced by SDM

TORONTO — Shoppers Drug Mart (SDM) is launching a drug plan focused on better managing chronic conditions to help companies and their employees save 5% to 10% on their existing plan. The HealthWATCH for Business plan will integrate with Canadian employers’ current health coverage. “We understand that employers are facing unprecedented financial pressures due to

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