CAMP HILL, Pa. — Rite Aid has completed its acquisition of Envision Pharmaceutical Services from private investment firm TPG and other shareholders in a transaction valued at about $2 billion, including about $1.8 billion in cash, and around 27.9 million Rite Aid shares. EnvisionRx will operate as a wholly owned subsidiary of Rite Aid under
WOONSOCKET, R.I. — CVS Health has hired Norman de Greve as its chief marketing officer, effective July 15. De Greve joins CVS from DigitasLBi, where for the past year he served as head of the company’s Boston-Detroit region. DigitasLBi bills itself as “a global marketing and technology agency that transforms businesses for the digital age.”
GOODLETTSVILLE, Tenn. — Todd Vasos took over as chief executive officer of Dollar General Corp. on June 3, succeeding Rick Dreiling. Dreiling, 61, will remain as board chairman through January 29 and serve as a senior adviser until that date. Vasos, 53, had been chief operating officer at Dollar General since 2013. He joined the
WOONSOCKET, R.I. — CVS/pharmacy announced a promotion running from May 24 through June 20 that presents holders of the company’s ExtraCare loyalty card with the opportunity to receive a $10 CVSCash Card after spending $30 on an assortment of items found in the retailer’s weekly circular. The promotion offers cardholders a way to receive additional
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) says it exceeded its initial goal of raising $5 million in support of the Red Nose Day campaign to raise money for children and young people living in poverty. As of Red Nose Day, WBA had raised $7 million, according to Linn Jordan, director of marketing, strategy
CAMP HILL, Pa. — Rite Aid Corp. is rebuilding its Baltimore drug store that was damaged in April during civil unrest following the death of an African-American resident from injuries sustained during his arrest by police. The Rite Aid store at 300 Martin Luther King Jr. Blvd. was one of eight Rite Aid outlets in
CAMP HILL, Pa. — Rite Aid Corp. has hired information technology veteran Steve Rempel as senior vice president and chief information officer. Rempel will oversee the company’s IT systems, including network infrastructure, telecommunications and data security. He will have responsibility for development and execution of Rite Aid’s IT strategy. Rempel began his career at Safeway
PALM BEACH, Fla. — The National Association of Chain Drug Stores bestowed the chain drug industry’s highest honors on three “industry icons” at its annual meeting here last month. Greg Wasson, former president and chief executive officer of Walgreen Co., received the Sheldon W. Fantle Lifetime Achievement Award. Two industry veterans received the Robert B.
CAMP HILL, Pa. — Rite Aid Corp. has opened its first newly built store since 2010 in Harrisburg, Pa., not far from the company’s headquarters here. The 14,500-square-foot store features the chain’s wellness store format: Customers entering the store see a wooden path that leads to the pharmacy department. As at other of the chain’s
ARLINGTON, Va. — Former Treasury Secretary Lawrence Summers will deliver the keynote address at the 2015 NACDS Annual Meeting, set for April 25 to April 28 in Palm Beach, Fla. The National Association of Chain Drug Stores also announced that Bruce Josten, executive vice president for government affairs at the U.S. Chamber of Commerce, will
CAMP HILL, Pa. — Rite Aid Corp. has launched what the company calls a nationwide Innovation Challenge aimed at gathering original product ideas that can improve the health and well-being of its customers. The challenge, which runs through March 31, is being conducted in partnership with Edison Nation Medical, a leader in medical and health
WASHINGTON — Dr. Margaret Hamburg, commissioner of the Food and Drug Administration, will step aside next month after nearly six years at the helm of the agency overseeing many of the nation’s most contentious public policy issues and products representing about 20% of every dollar spent by consumers. Hamburg, 59, said her decision to step
DEERFIELD, Ill. — Two Alliance Boots executives were promoted in recent weeks to new positions with Walgreens Boots Alliance Inc. (WBA). George Fairweather, formerly group finance director at Alliance Boots, was named WBA executive vice president and global chief financial officer. And Marco Pagni, who was Alliance Boots’ group legal counsel and chief administrative officer,
VALLEY FORGE, Pa. — AmerisourceBergen Corp. has promoted Robert Mauch to executive vice president and president of AmerisourceBergen Drug Corp., the division that distributes pharmaceuticals and offers pharmacy management services. Mauch, 48, had been working as the company’s chief operating officer. He began his new duties on February 4, succeeding David Neu, who accepted the
