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Week of Mon, Aug 5th, 2013

Pharmacy schools awarded Cardinal Health scholarships

Six pharmacy schools nationwide will receive more than $625,000 in funding via the Cardinal Health Pharmacy Scholarship Program.

Via multiple formats, Walmart ups ante in pharmacy

Walmart continues to ratchet up the pressure on chain drug pharmacies by rolling out small-format stores.

Medicine Shoppe bolsters brand, store network

More Medicine Shoppe drug stores retained or took on the Medicine Shoppe banner this past fiscal year than in the prior two combined, according to John Fiacco, vice president of the Medicine Shoppe and Medicap division at Cardinal Health Inc.

London Drugs sees return on e-commerce investment

Canadian drug chain London Drugs reports that its investment in e-commerce is paying off.

AmerisourceBergen OKs $750 million buyback plan

AmerisourceBergen Corp.'s board of directors has authorized a new $750 million share repurchase program.

CVS.com adds new drug information tools

CVS/pharmacy has launched a new online Drug Information Center on CVS.com.

Cardinal spotlights specialty Rx, home medical solutions

Cardinal Health Inc. is serving up solutions to help its community pharmacy customers meet the burgeoning demand for specialty medications and home health care.

NACDS: Show is on for Total Store Expo

The National Association of Chain Drug Stores Total Store Expo premieres this weekend in Las Vegas, where more than 5,400 attendees from across the chain drug retailer and supplier sectors will converge for four days of programming that NACDS said fosters "a highly personalized approach" to conducting business.

Hy-Vee joins health care with nutrition

One area where food/drug combination store operators figure to have a distinct advantage over community pharmacies is the concept of whole health, the place where nutrition and health care intersect. Hy-Vee Inc. has emerged as, arguably, the leading practitioner in knitting those two sides of the business together.

CVS plans back-to-school gift card promo

CVS/pharmacy is launching a Classroom Gift Card promotion that will enable customers to earn gift cards when shopping for back-to-school essentials.

Ritzman in talks with Mast Pharmacy

Ritzman Pharmacies Inc. and Mast Pharmacy of Ohio have signed a letter of intent to explore a business partnership in which Ritzman would own and operate all Mast Pharmacies.

Pharmacy loyalty cards become more prevalent

The proportion of pharmacy customers who say they have a loyalty or discount card or have been offered one has surged, according to the 2013 edition of Boehringer Ingelheim's Pharmacy Satisfaction Pulse survey.

Cardinal Health kicks off Retail Business Conference

Thousands of community pharmacists are converging in Seattle this week for Cardinal Health Inc.'s annual Retail Business Conference (RBC).

Target to buy skin care retailer DermStore.com

Target Corp. plans to to acquire the DermStore Beauty Group, which operates the skin care e-commerce site DermStore.com.

Walgreens survey gets bead on back-to-school shoppers

A new poll by Walgreen Co. sheds light on what parents will be looking for — and looking to avoid — this back-to-school shopping season.

Costco pharmacies expect lift from ACA

The Affordable Care Act will strengthen Costco Wholesale Corp. pharmacies’ already significant cash business, according to senior vice president of pharmacy Vic Curtis.

Rexall launches personalized online Rx access

Rexall Pharma Plus has gone live with MyRexall, which gives pharmacy customers personalized access to their prescription and health information.

CVS Caremark gets 2Q profit lift from new generics

Introductions of new generic drugs helped boost profits at CVS Caremark Corp. for the second quarter as the company exceeded Wall Street's earnings forecast by a penny.

The Top 10 Pharmacy Retailers

Little has changed in the makeup of the top pharmacy retailers over the past year, but competition is sure to keep intensifying amid the changes being brought by health care reform.

Health Mart has 'unique proposition,' president says

Steve Courtman, president of Health Mart, the 3,126-store pharmacy franchise run by McKesson Corp., is confident the retailer has what it takes to flourish in an environment where the rules that have long governed health care delivery are in the process of being rewritten.

Walgreens' same-store sales surge in July

Comparable-store sales at Walgreen Co. rose sharply in July, as the return of Express Scripts drug plan members continued to fuel the drug chain's improving pharmacy results.

Good Neighbor Pharmacy franchisee honored for patient care

AmerisourceBergen Corp. has recognized Accardi Clinical Pharmacy, a community pharmacy in Orange City, Fla., with its Good Neighbor Pharmacy of the Year award.

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