POY_1170x120_8-12-19

Martindale leaves Rite Aid to run GNC

Martindale leaves Rite Aid to run GNC

CAMP HILL, Pa. — Ken Martindale, who was an integral part of the turnaround team at Rite Aid Corp., has left the company to head GNC Holdings Inc. Martindale, who was president of Rite Aid and chief executive officer of stores, has become CEO of GNC, which has almost 2,400 stores within a store at

New plans afoot to recast health care system

New plans afoot to recast health care system

WASHINGTON — The effort to replace Obamacare has taken divergent paths, neither of which seems likely to produce a lasting alternative. Republicans, led by Sens. Lindsey Graham of South Carolina and Bill Cassidy of Louisiana, proposed taking funds budgeted for the Affordable Care Act and sending it to states as block grants along with the

Pharmacy customer satisfaction wavers over pricing

Pharmacy customer satisfaction wavers over pricing

COSTA MESA, Calif. — Resentment over rising drug prices has dimmed customers’ view of the U.S. pharmacy industry, according to J.D. Power. Decreased satisfaction with both brick-and-mortar and mail order pharmacies was found by the J.D. Power 2017 U.S. Pharmacy Study. Satisfaction with brick-and-mortar pharmacy costs fell 27 index points to 789 on a 1,000-point

Shoppers Drug Mart unveils new Wellwise format

Shoppers Drug Mart unveils new Wellwise format

TORONTO — Shoppers Drug Mart is recasting the shopping experience for seniors with a new store format dubbed Wellwise. The Wellwise by Shoppers Drug Mart outlet caters to the needs of aging Canadians who don’t want an “old person’s store,” said Theresa Firestone, senior vice president of health care businesses at SDM. Shopping for the

Treon tabbed to lead Medicine Shoppe

DUBLIN, Ohio — Todd Treon has been named vice president of Medicine Shoppe International (MSI), a Cardinal Health Inc. company. He succeeds John Fiacco, who will assume the position of vice president of pharmacy transition services at Cardinal Health. Treon has been Cardinal Health’s vice president of products and solutions marketing. In that role he

Hurricane Harvey shuts stores

Hurricane Harvey shuts stores

HOUSTON — The number of pharmacies that Hurricane Harvey forced to close — at least temporarily — ran into the hundreds late last month as the mammoth storm pounded southeast Texas. Drug chains, mass merchandisers and supermarketers shuttered stores with prescription counters throughout the region as Harvey battered the area with high winds and rain

Fagen decides to sell its 20 stores to CVS

Fagen decides to sell its 20 stores to CVS

DEMOTTE, Ind. — CVS Health has agreed to purchase 20-store Fagen Pharmacy. Terms were not disclosed. Plans call for eight of the stores to be converted and rebannered to CVS Pharmacy by late September. The other 12 are slated to be closed, with their prescription files transferring to nearby CVS pharmacies. The outlets to be

Cardinal Health names new Medicine Shoppe chief

Cardinal Health names new Medicine Shoppe chief

DUBLIN, Ohio — Todd Treon has been named vice president of Medicine Shoppe International. He succeeds John Fiacco, who will assume the position of vice president of pharmacy transition services at Cardinal Health Inc. Treon has been Cardinal Health’s vice president of products and solutions marketing. In that role, he has been a marketing leader

Affordable Care Act still plagued by uncertainty

Affordable Care Act still plagued by uncertainty

WASHINGTON — The failed effort to overturn the Affordable Care Act has hardly erased doubts about the law’s short- and long-term viability. Already, the Trump administration has suspended contracts with two companies that have helped thousands of people in nearly a score of cities get health insurance under the statute. In ending the $22 million

CVS extending health care reach

WOONSOCKET, R.I. — CVS Health plans to extend its Transform Diabetes Care initiative to four more disease states over the next two years. The program is expected to also cover asthma, hypertension, hypercholesterolemia and depression by midsummer 2019. Launched late last year, Transform Diabetes Care is designed to lower pharmacy costs through aggressive trend management

CVS to expand disease management program

CVS to expand disease management program

WOONSOCKET, R.I. — CVS Health plans to extend its Transform Diabetes Care initiative to four more disease states over the next two years. The program is expected to also cover asthma, hypertension, hypercholesterolemia and depression by midsummer 2019. Launched late last year, Transform Diabetes Care is designed to lower pharmacy costs through aggressive trend management

Amazon to acquire Whole Foods Market

Amazon to acquire Whole Foods Market

SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said Friday. Whole Foods cofounder and chief executive

Generic drugs see low abandonment rate

Generic drugs see low abandonment rate

WASHINGTON — Prescription abandonment is sharply higher for branded drugs than generic drugs, a new annual report commissioned by the Association for Accessible Medicines (AAM) found. AAM said Monday that abandonment — defined as the failure to pick up a new script — was nearly three times as high for brand-name drugs as for generics

Albertsons first to bill Medicaid for contraception consults

Albertsons first to bill Medicaid for contraception consults

BOISE, Idaho — Albertsons Cos. has become the nation’s first pharmacy chain to bill Medicaid for patient consultations about hormonal contraception. The food and drug retailer said that as part of a collaborative effort to improve access to hormonal contraception for Oregon women, selected Albertsons Cos. pharmacies can now bill the state’s Medicaid plans for