Retail News Breaks Archives
Drug chains ally in generics buying group
August 26th, 2010
Kerr Drug is one of the Chain Pharmacy Alliance's participating retailers.
BOCA RATON, Fla. – A group of pharmacy retailers in the Chain Drug Consortium have formed a generic drug purchasing entity called the Chain Pharmacy Alliance.
The Chain Drug Consortium said late Wednesday that the Chain Pharmacy Alliance is a division of the consortium and has been created as a contractual joint venture by participating drug store chains "for the express purpose of aggregating their generic pharmaceutical volume into one compliant program."
The members of the Chain Pharmacy Alliance are Bartell Drugs, Discount Drug Mart, Hartig Drug, Hi-School Pharmacy, Kerr Drug, Kinney Drugs, Lewis Drug, Lifechek Drug, Navarro Discount Pharmacy, Osborn Drugs and Thrifty White Pharmacy.
"The Chain Pharmacy Alliance will drive increased generic purchasing value for its members and deliver consistent, dedicated high volume to its suppliers," Edward Frisch, president and chief executive officer of the consortium and the alliance, said in a statement.
According to the Chain Drug Consortium, the Chain Pharmacy Alliance will be managed by a panel of dedicated, experienced member buyers, co-chaired by Owen Halloran, vice president of pharmacy professional services at Kinney Drugs, and Ted Lingerfeldt, director of pharmacy procurement and analysis at Kerr Drug.
Plans call for the alliance to issue a request for proposal to all eligible suppliers soon. The Chain Drug Consortium noted that all of the alliance members are committed to switching to the selected suppliers and delivering the forecasted volume to those suppliers.
The consortium added that for supplier convenience and operational consistency, all supplier communication will be conducted through Kinney's Halloran, who will serve as the alliance's single point of contact (SPOC).
In late June, the Chain Drug Consortium announced that it was expanding its partnership with the National Community Pharmacists Association as a way to amplify community pharmacy's voice in government and develop more effective advocacy programs.
A group purchasing and marketing organization, the consortium provides members — which include family-owned and privately held pharmacy chains — with programs, services and buying power to help them compete with large national chains and mail-order pharmacies.