October 16, 2023 by Chain Drug Review
Chapter 11 bankruptcy, Jeffrey Stein, Rite Aid
Business, Featured Articles, Leading Headlines, Retail News
PHILADELPHIA — Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation. In connection with this process, Rite Aid said it has
October 12, 2023 by Chain Drug Review
WBA's Q4 earnings fall short of expectations
Business, Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill. – Walgreens Boots Alliance Inc. reported fourth quarter adjusted earnings of 67 cents per share, down 17% from a year earlier and one cent shy of analysts’ forecast. Fourth quarter revenue of $35.42 topped Wall Street’s estimate of $34.56 billion. Excluding one-time items, the company posted a $180 million loss for the three-month
October 11, 2023 by Chain Drug Review
WBA appoints Tim Wentworth chief executive officer
Featured Articles, Leading Headlines, Pharmacy, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance, Inc. (WBA) announced Wednesday the appointment of Tim Wentworth as the company’s new chief executive officer, effective October 23. Wentworth will also join the WBA board of directors upon assuming the role. Most recently, as founding CEO of Evernorth, Cigna’s health services organization that partners with health plans, employers
October 10, 2023 by Chain Drug Review
Brian Nightengale departs AmerisourceBergen
Business, Featured Articles, Leading Headlines, Pharmacy
WINSTON-SALEM, N.C. — Inmar Intelligence announced the appointment of Brian Nightengale as executive vice president and president, Healthcare Solutions. He brings a wealth of expertise spanning the pharmaceutical supply chain, clinical care, and strategic commercialization, that will serve as a critical addition to Inmar Intelligence’s health care leadership team. Nightengale has over 30 years of
October 5, 2023 by Chain Drug Review
Hy-Vee launches new resource to help provide affordable insulin
Featured Articles, Leading Headlines, Pharmacy, Retail News
WEST DES MOINES, Iowa — Hy-Vee, Inc. is launching a new resource to help patients with diabetes who are covered under commercial/private insurance save on hundreds of insulin products at their local Hy-Vee Pharmacy. Using a manufacturer-sponsored savings card, eligible patients with commercial/private insurance (or those without insurance who pay in cash) can get a 28-day
October 2, 2023 by Jeffrey Woldt
RX Roundtable: Industry is solidly unified at a pivotal time for pharmacy
Featured Articles, Leading Headlines, October 2, 2023, Pharmacy
Momentum for PBM reform was among the hot topics at a pharmacy roundtable conducted by Chain Drug Review during the NACDS Total Store Expo this summer in San Diego. Retailers, suppliers and industry advocates also discussed the prospects for standardization for prescription reimbursement, and for an expanded scope of practice for pharmacists, with remuneration for
September 28, 2023 by Chain Drug Review
2023., from 9 am to 5 pm EST., scheduled for October 11, The Emerson Group is thrilled to announce this year’s highly anticipated Industry Day
Business, Featured Articles, Leading Headlines, Retail News, Supplier News
WAYNE, Pa. — The Emerson Group announced Monday that this year’s highly anticipated Industry Day is scheduled for October 11, 2023, from 9 am to 5 pm EST. This all-encompassing virtual event will spotlight the health, wellness, and beauty sector’s most prominent thinkers and change agents, including retail experts, innovative brand leaders, and visionary speakers.
September 28, 2023 by Chain Drug Review
” a national public education campaign, along with leading health organizations – the American Cancer Society, and the Food is Medicine Institute at the Friedman School of Nutrition Science and Policy at Tufts University – have announced the launch of “Nourish My Health, he National Association of Chain Drug Stores (NACDS), the American Diabetes Association (ADA), the American Heart Association
Featured Articles, Leading Headlines, Pharmacy
WASHINGTON – The National Association of Chain Drug Stores (NACDS) – along with leading health organizations the American Cancer Society, the American Diabetes Association (ADA), the American Heart Association, and the Food is Medicine Institute at the Friedman School of Nutrition Science and Policy at Tufts University – have announced the launch of “Nourish My
September 25, 2023 by Jeffrey Woldt
Video Forum: Pano Anthos XRC Ventures
Featured Articles, Leading Headlines, Videos
Pano Anthos, founder and managing director of XRC Ventures, tells this week’s Video Forum about how innovations by emerging technology companies will help make community pharmacies the first line of defense in health care. He also discusses the pace of change in technology, health care and retailing, as well as the attitude of consumers toward
September 21, 2023 by Dominique Harris, Karen Yocky and Jeffrey Woldt
The importance of collaboration at the 2023 Health Equity Summit
Business, Featured Articles, Leading Headlines, Pharmacy, Retail News, Supplier News
The health care ecosystem faces major challenges — how to enahnce health outcomes through more equitable access to care, while addressing rising costs. Part of the answer is improving health equity, a task that will require collaboration across the value chain. The second annual Health Equity Summit – presented by Chain Drug Review and Kearney,
September 20, 2023 by Chain Drug Review
Halloween spending to reach record $12.2 billion
Business, Featured Articles, Leading Headlines, Retail News
WASHINGTON – Total Halloween spending is expected to reach a record $12.2 billion, exceeding last year’s record of $10.6 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. A record number of people (73%) will participate in Halloween-related activities this year, up from 69% in 2022. “More Americans than
September 18, 2023 by Jeffrey Woldt
Video Forum: Pano Anthos, XRC Ventures
Featured Articles, Leading Headlines, Videos
In this week’s Video Forum, Pano Anthos, founder and managing director of XRC Ventures, talks about the investment firm’s work in the retailing, health care technology and CPG industries. He discusses XRC’s investment strategy, the criteria it uses to decide which start-up and early stage companies to work with, and the sectors that he sees
September 12, 2023 by Chain Drug Review
Walgreens and Pearl Health announce strategic partnership
Featured Articles, Leading Headlines, Pharmacy, Retail News
DEERFIELD, Ill. – Walgreens and Pearl Health have announced a partnership to accelerate the expansion of value-based care in collaboration with community-based primary care physicians. Pearl Health offers technology and insight solutions that empower clinical teams to provide holistic, personalized treatment necessary for value-based, quality-focused care. Walgreens will provide complementary services, including prescription fulfillment, medication
September 7, 2023 by Chain Drug Review
Shawn Guertin
Featured Articles, Leading Headlines, Retail News
WOONSOCKET, R.I. — CVS Health Corp. announced Thursday additional responsibilities for several members of the company’s executive leadership team, effective immediately: Shawn Guertin will continue as chief financial officer and is now president of Health Services. Prem Shah will continue as chief pharmacy officer and is now the sole president of Pharmacy and Consumer Wellness.