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Inside This Issue - News
Characterizing National Association of Chain Drug Stores members as a “band of reformers,” association president and chief executive officer Steve Anderson called on attendees at the NACDS Pharmacy and Technology Conference here to remain advocates for the role of pharmacy and pharmacists in the brewing national debate on health care reform. With responsibility for category management, merchandising, marketing and the supply chain, Ken Martindale is leading several of the most critical of Rite Aid Corp.’s initiatives to improve its operating performance. With Congress in recess, President Barack Obama has become the most visible proponent of a health care overhaul, bringing his push for reform around the country. Kerr Drug plans to open a third Naturally Kerr site later this fall, with executives saying the company’s initial two stores are performing better than expected. There are many reasons people say they do not take their medications, but being busy or simply forgetting top the list, according to a new study from CVS Caremark Corp. A compromise over pharmacy reimbursement rate cuts allowing Walgreen Co. to continue filling Medicaid prescriptions in Delaware will not be final unless the National Association of Chain Drug Stores withdraws a lawsuit over the matter. Wal-Mart Stores Inc. has added a new wrinkle to its generic drug program, offering a 90-day supply of about 300 generic prescriptions for $10, with free delivery by mail. Duane Reade Holdings Inc. has refinanced nearly $350 million of debt through a notes offering and a private equity investment. Walgreen Co. has entered into a joint venture with Vanderbilt Medical Center, a Nashville-based health care facility and a major patient referral center for the mid-South. Cardinal Health Inc. will retain its enormous scale after the spin-off of its medical technology business while sharpening its focus, according to incoming chairman and chief executive officer George Barrett.
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