Inside This Issue - News
John Standley, chairman and chief executive officer of Rite Aid Corp., knows firsthand the significance of the National Association of Chain Drug Stores to his company and community pharmacy overall as he gets set to take the reins as NACDS chairman.
Even as U.S. health care expansion brings new opportunities for drug chains, a transformation under way in the pharmacy business is presenting new challenges.
Associations stand at the nexus of business and government, a critical juncture for retail pharmacy operators at a time when the nation’s health care system is experiencing the most sweeping changes since the mid-1960s, notes Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores.
For most executives, being chosen to head one of the world’s great drug chains would constitute an end point, the culmination of a notable career in mass market retailing. For Helena Foulkes, who became president of CVS/pharmacy in January after distinguishing herself in a variety of roles during 22 years with the company, it represents a new beginning.
It is never easy for a retailer to walk away from business, especially when $2 billion in sales are on the line. CVS/pharmacy recently did just that.
Two acquisitions have bolstered Rite Aid Corp’s integrated health care offerings.
Labeed Diab has been named senior vice president and president of health and wellness at Walmart. He succeeds John Agwunobi, who is leaving the company after holding the post for almost seven years.
Sylvia Mathews Burwell, the former Walmart Foundation president nominated to be the next secretary of the Department of Health and Human Services (HHS), is expected to be a new lightning rod over the Affordable Care Act.
Walgreen Co. has signed an agreement that gives Water Street Healthcare Partners a majority interest in Take Care Employer Solutions LLC, the Walgreens subsidiary that manages more than 360 work site health centers nationwide.
Regional pharmacy chain Kinney Drugs is changing its corporate name.
Brent Beebe has been appointed senior vice president of merchandising at Bartell Drugs, the oldest drug chain in th United States.
Rite Aid Corp. has appointed two retail veterans to its upper ranks.
Rob Price has stepped down as chief marketing officer at CVS/pharmacy.
The enrollment of more than 7 million people in health insurance plans under the Affordable Care Act has led President Barack Obama to declare the law’s rollout a success. But Republican legislators vowed to continue to seek the statute’s repeal, and even though the ACA recorded its highest public approval level yet, at 49%, virtually the same percentage opposed it.
Bob Long, who led Longs Drug Stores for more than 20 years, has died after a long illness. He was 75.