BLOOMFIELD HILLS, Mich. — Eugene Applebaum, who built his Dearborn, Mich., pharmacy into a major regional drug store chain called Arbor Drugs, passed away last month in his home at the age of 81. Applebaum made a name for himself as an entrepreneur, growing the Arbor Drugs chain from a single store, Civic Drugs, opened
FORT WORTH, Texas – Eosera Inc. announced that it is now offering Earwax MD to nursing home facilities across the nation primarily through key partnerships. “Hearing loss is indeed common among the elderly, but it is also largely avoidable in many cases. Often, it is a direct result of severe earwax impaction, resulting from failure
NEW YORK, N.Y. and DEERFIELD, Ill. – NewYork-Presbyterian and Walgreens are partnering to bring convenient access to NewYork-Presbyterian’s world-class care through new telemedicine services, now available through Walgreens digital properties and at self-service kiosks at select Duane Reade drugstores in New York. NewYork-Presbyterian, New York’s No. 1 hospital, is offering the telemedicine services as part
WOONSOCKET, R.I. — CVS Health plans to acquire health insurer Aetna for roughly $69 billion in a first-of-its kind deal aimed at fending off challenges in retail and health care. The landmark CVS-Aetna merger deal comes at time when insurers are under pressure to lower medical costs, and retailers are under attack from new competitors,
VALLEY FORGE, Pa. — AmerisourceBergen Corp. plans to purchase pharmaceutical distributor H.D. Smith for $815 million in cash. The companies said that the transaction, pending regulatory review and other closing conditions, is expected to close in early 2018. Springfield, Ill.-based H.D. Smith, the nation’s largest private wholesaler, also operates CompleteCare Pharmacy, Smith Medical Partners, Triplefin
CAMP HILL, Pa. — Rite Aid Corp. has announced a number of changes in senior management that are effective immediately. Bill Renz, Rite Aid’s current group vice president of consumables and photo, has been named senior vice president of category management. Renz joined Rite Aid in 1998 as director of general merchandise and photo. He
SAN FRANCISCO — Paul Julian, executive vice president and group president at McKesson Corp., is slated to retire at the end of the year. Julian currently has senior operating responsibility for McKesson’s domestic and international Distribution Solutions businesses, including pharmaceutical distribution, medical-surgical distribution, specialty health and retail pharmacy systems and automation. As president of McKesson
MONTREAL — Jean Coutu Group shareholders have overwhelmingly approved the sale of the pharmacy chain to fellow Quebec retailer Metro Inc. A near-unanimous 99.9% of votes cast sanctioned the $4.5 billion transaction, which was well above the two-thirds requirement. Shareholders of Coutu are being offered a combination of cash and stock worth about $24.50 per
TORONTO — Next year, Loblaw Cos. plans to roll out a unified customer loyalty program that joins together the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart (SDM) and supermarket chains. Called PC Optimum, the combined loyalty program will allow members to earn and redeem loyalty points across Loblaw’s network of nearly
WASHINGTON — Alex Azar, a former pharmaceutical executive named by President Trump to be the next Health and Human Services secretary, told senators at a full committee nomination hearing that making prescription drugs more affordable would be one of his top priorities. “Drug prices are too high,” Azar said to the Senate health committee at
KANSAS CITY, Mo. — Hallmark has expanded its holiday season greeting card lineup with new selections of intricately designed Signature cards, which feature handcrafted embellishments. The company said Hallmark Signature Holiday cards feature fresh, sophisticated designs paired with warm, genuine messages, as well as new and expanded Signature cards for kids. The cards are crafted
WOONSOCKET, R.I. — CVS Pharmacy this week launched free, same-day delivery for prescription drugs and certain over-the-counter products in Manhattan. CVS said Wednesday that the delivery service is being offered at all locations in Manhattan. Prescriptions and OTC items can be delivered directly from CVS Pharmacy in secure, tamper-proof packaging to the customer’s door. OTC
DEERFIELD, Ill. — As part of a brand repositioning, Walgreens is changing its tagline to “Trusted Since 1901” to emphasize its long heritage of serving customers. Walgreens said Friday that the new slogan, which will replace “At the Corner of Happy and Healthy,” will make its debut in a 30-second television commercial that will air
NEW YORK — International cosmetics brand IsaDora has launched its line of beauty products in the United States on Walgreens.com. IsaDora, Sweden’s No. 1 beauty brand, has seen steady growth in the global cosmetic market. The trend-forward, European favorite is one of the fastest growing international cosmetics brands and a leading indie brand in Europe.
