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Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid files for Chapter 11 bankruptcy protection

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

WBA’s Q4 earnings fall short of expectations

WBA’s Q4 earnings fall short of expectations

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

WBA appoints Tim Wentworth chief executive officer 

WBA appoints Tim Wentworth chief executive officer 

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

Brian Nightengale departs Cencora

Brian Nightengale departs Cencora

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

Hy-Vee launches new resource to help provide affordable insulin

Hy-Vee launches new resource to help provide affordable insulin

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

Rx Roundtable: Industry solidly unified at a pivotal time for pharmacy

Rx Roundtable: Industry solidly unified at a pivotal time for 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

The Emerson Group to hold Industry Day 2023 on October 11th

The Emerson Group to hold Industry Day 2023 on October 11th

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.

NACDS teams to launch Nourish My Health campaign

NACDS teams to launch Nourish My Health campaign

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

Video Forum: Pano Anthos, XRC Ventures

Video Forum: Pano Anthos, XRC Ventures

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

The importance of collaboration at the 2023 Health Equity Summit

The importance of collaboration at the 2023 Health Equity Summit

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,

Halloween spending to reach record $12.2 billion

Halloween spending to reach record $12.2 billion

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

Video Forum: Pano Anthos, XRC Ventures

Video Forum: Pano Anthos, XRC Ventures

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

Walgreens and Pearl Health announce strategic partnership

Walgreens and Pearl Health announce strategic partnership

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

CVS announces additional responsibilities for executive leadership

CVS announces additional responsibilities for executive leadership

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.

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