September 28, 2015 by Mark Baumgartner and Chain Drug Review
Health Affairs, J. Samantha Dougherty, Laura Miller, Medicaid, medication nonadherence, National Association of Chain Drug Stores, Pharmaceutical Research and Manufacturers of America, prescription drug use, Steve Anderson
2015, Issue 09-28-2015, Issues, News
ARLINGTON, Va. — An examination of data on more than 1.5 million Medicaid enrollees found that when prescription drugs are taken appropriately as prescribed by a physician there is a reduction of other medical costs for certain Medicaid populations. The research, undertaken to examine the impact of changes in prescription drug use on medical costs,
September 28, 2015 by Mark Baumgartner and Chain Drug Review
Express Scripts, George Paz, Medco, Tim Wentworth
2015, Issue 09-28-2015, Issues, News
ST. LOUIS — George Paz will retire as Express Scripts Holding Co.’s chief executive officer in May, making way for president Tim Wentworth to take over, the company said earlier this month. Paz, 60, has been CEO at Express Scripts for a decade. He helped engineer the company’s takeover of rival Medco Health Solutions in
September 28, 2015 by Mark Baumgartner and Chain Drug Review
Celesio, Marc Owen, McKesson, McKesson Distribution Solutions, Paul Julian, pharmaceutical distribution, UDG Healthcare
2015, Issue 09-28-2015, Issues, News
SAN FRANCISCO — McKesson Corp. has agreed to purchase the pharmaceutical distribution division of Dublin, Ireland-based UDG Healthcare PLC for about $466 million. The deal — which is contingent upon a vote of approval from UDG Healthcare shareholders and clearance from European Union regulators — would give McKesson distribution channels across the Republic of Ireland
September 28, 2015 by Mark Baumgartner and Chain Drug Review
Federal Open Market Committee, Federal Reserve, interest rates, Janet Yellen
2015, Business, Issue 09-28-2015, Issues, News
WASHINGTON — Federal Reserve policy makers have just two more chances to raise short-term interest rates this year after taking a pass earlier this month and holding rates at their historically low levels for at least a while longer. The rate-setting Federal Open Market Committee (FOMC) slashed interest rates to zero in December 2008 to
September 14, 2015 by Mark Baumgartner and Chain Drug Review
Brian Cornell, Cathy Smith, John Mulligan, Target Corp.
2015, Issue 09-14-2015, Issues, News
MINNEAPOLIS — Target Corp. has promoted John Mulligan, the company’s chief financial officer, to the newly created role of executive vice president and chief operating officer. Succeeding Mulligan as executive vice president and CFO is Cathy Smith, who previously worked as executive vice president and CFO at Express Scripts, the nation’s largest pharmacy benefit manager.
September 10, 2015 by Mark Baumgartner and Chain Drug Review
Chris Hjelm, Fred Morganthall, Geoff Covert, Kroger, Mike Donnelly, Mike Schlotman, Rodney McMullen, Sukanya Madlinger, Tim Brown
Business, Leading Headlines, Retail News
CINCINNATI — Kroger Co. has promoted four executives — including its top merchant, retail operations chief, chief financial officer and chief information officer — to lead key lines of business. The food and drug retailer said Thursday that it has appointed Mike Donnelly as executive vice president of merchandising, Fred Morganthall as executive VP of
August 22, 2015 by Mark Baumgartner and Chain Drug Review
Brian Tilzer, CVS Health, CVS/pharmacy, maintenance prescriptions, medication adherence, ScriptSync, Troyen Brennan
2015, Issue 08-24-2015, Issues, News
WOONSOCKET, R.I. — CVS Health is launching a new pharmacy service, ScriptSync, enabling patients with multiple medications to pick up eligible maintenance prescriptions in a monthly visit to a CVS/pharmacy store. Patients or caregivers can manage ScriptSync prescriptions with what the company calls innovative online support tools. By aligning prescription fill schedules for customers, CVS
August 22, 2015 by Mark Baumgartner and Chain Drug Review
Bartell Drugs, Brian Unmacht, George Bartell, Steven Frestedt, vice president of marketing
2015, Issue 08-24-2015, Issues, News
SEATTLE — Bartell Drugs this month announced the promotion of Steven Frestedt to vice president of marketing. Frestedt had been the company’s marketing director. He also spent 20 years with advertising agencies in Seattle and Los Angeles. “Steve brings great experience to the role and is committed to our marketing effectiveness by using an evolving
August 22, 2015 by Mark Baumgartner and Chain Drug Review
2015, Issue 08-24-2015, Issues, News
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced that it has named Kimberly Scardino as its new senior vice president, global controller and chief accounting officer, effective August 3. Scardino joined WBA from American Express Co., where she most recently served as senior vice president and business advisory controller. She reports to George Fairweather,
August 22, 2015 by Mark Baumgartner and Chain Drug Review
Android Pay, Apple Pay, Google Wallet, Ken Martindale, Merchant Customer Exchange, mobile payments, Rite Aid
2015, Issue 08-24-2015, Issues, News
CAMP HILL, Pa. — Rite Aid Corp. announced that all of the company’s nearly 4,600 stores nationwide will accept mobile payments, including Apple Pay and Google Wallet. The drug chain began accepting Apple Pay and Google Wallet payments as of August 15. Rite Aid said it also will accept Google’s forthcoming Android Pay when that
August 22, 2015 by Mark Baumgartner and Chain Drug Review
chief merchandising officer, David D’Arezzo, Dollar General, James Thorpe, Todd Vasos
2015, Issue 08-24-2015, Issues, News
GOODLETTSVILLE, Tenn. — Dollar General Corp. announced that James Thorpe has rejoined the company as executive vice president and chief merchandising officer. Thorpe had retired from the company in 2012 after serving for six years as senior vice president and general merchandising manager. “Jim is an accomplished merchant who has a strong understanding of our
August 10, 2015 by Mark Baumgartner and Chain Drug Review
chronic diseases, cognitive computing, CVS Health, IBM, Mike Rhodin, Troy Brennan, Watson, Watson Health Cloud
2015, Issue 08-10-2015, Issues, News
WOONSOCKET, R.I. — CVS Health and IBM Corp. are partnering to provide patients suffering from chronic diseases with improved services for health care management. The agreement, which was announced July 30, will allow pharmacists and practitioners from CVS Health to benefit from the state-of-the-art computing capabilities of IBM’s premier supercomputer Watson in analyzing massive amounts
July 8, 2015 by Mark Baumgartner and Chain Drug Review
Albertsons, initial public offering, Safeway
Featured Articles, Leading Headlines, Retail News
BOISE, Idaho – Food and drug retailer Albertsons Cos. is looking to go public. The company on Wednesday said that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of common stock. The number of shares to be offered, their price range and the date of the
July 6, 2015 by Mark Baumgartner and Chain Drug Review
Affordable Care Act, health insurance, health insurance exchanges, King v. Burwell, National Association of Chain Drug Stores, National Community Pharmacists Association, National Retail Federation, Supreme Court
Issue 07-06-2015, Issues, News
WASHINGTON — The Affordable Care Act has survived its second Supreme Court challenge, with a divided court agreeing with the Obama administration that government subsidies that make health insurance affordable for millions of poor and middle-class Americans should be available nationwide. While there are more challenges to come, the organization representing the nation’s traditional drug