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Edeker brings fresh perspective to NACDS

Edeker brings fresh perspective to NACDS

WEST DES MOINES, Iowa — Although Randy Edeker is a relative newcomer to the National Association of Chain Drug Stores board of directors, he has already had an impact on the organization, one that will increase significantly this week when he becomes NACDS chairman. Edeker, as chairman, president and chief executive officer of food/drug combination

Industry Outlook: Drug chains to get a lift

Industry Outlook: Drug chains to get a lift

NEW YORK — Drug chains are leveraging their strengths of accessibility and convenience as they extend their core prescription drug business further into the health care realm and diversify their front-end mix. Industry observers say many of the people newly insured under the Affordable Care Act will turn to chain drug stores for their scripts

Anderson has NACDS moving in right direction

Anderson has NACDS moving in right direction

ARLINGTON, Va. — An apt symbol for what Steve Anderson’s leadership has meant to the National Association of Chain Drug Stores is certainly RxImpact Day. The annual event brings together pharmacy advocates in the nation’s capitol to meet with members of Congress and officials in the executive branch to help them better understand the essential

Jean Coutu Group connects with its customers

Jean Coutu Group connects with its customers

LONGUEUIL, Quebec — Through its ability to forge solid relationships with shoppers, both those in the pharmacy and those at the front end, the Jean Coutu Group has been able to retain loyal customers as well as attract new clientele, according to president and chief executive officer François ­Coutu. “Our patient profiles and the other

Fruth Pharmacy charts course for 2015 and beyond

Fruth Pharmacy charts course for 2015 and beyond

POINT PLEASANT, W.Va. — Fruth Pharmacy is pursuing a number of key objectives to evolve its business in both the pharmacy and front end for this year and beyond, according to chairman and president Lynne Fruth. “Our main priorities are expansion, development of efficient and effective clinical services (Medsync, centralized medication therapy management services, specialty

Teva offers to buy Mylan in $40 billion deal

JERUSALEM — Teva Pharmaceutical Industries Ltd. has made a bid to acquire Mylan N.V. in a cash-and-stock deal valued at about $40 billion. In announcing its offer Tuesday, Teva said its proposal is a more attractive option for shareholders of Mylan, which nearly two weeks ago made an unsolicited bid to buy Perrigo Co. plc

Kmart launches pharmacy rewards program

Kmart launches pharmacy rewards program

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has expanded its Shop Your Way loyalty program to offer pharmacy rewards at Kmart. The company said Monday that the new Shop Your Way Pharmacy Rewards Program gives members $10 back in points, or 10,000 points, for every five qualifying prescriptions filled in a rolling 12-month period at

WBA sees ‘a significant opportunity’ ahead

WBA sees ‘a significant opportunity’ ahead

  NEW YORK — Walgreens Boots Alliance Inc. has the size and scope to be “one of the companies that helps shape the future of health care, pharmacy and retail on a global basis,” executive vice president and acting chief executive officer Stefano Pessina said at the company’s Analyst Day event. Pessina detailed the progress

Walgreens aims to up the ante in pharmacy

Walgreens aims to up the ante in pharmacy

  NEW YORK — Walgreen Co. is revamping its customer experience and cutting costs to recapture its position as America’s “most loved” pharmacy, chain president Alex Gourlay told analysts at the first Walgreens Boots Alliance Analyst Day event here. “The reality is we’re no longer No. 1 in pharmacy volume. And no one here is

U.S. drug spending, scripts reach new highs

U.S. drug spending, scripts reach new highs

PARSIPPANY, N.J. — Specialty medications helped drive a double-digit gain in total spending on medicines in the United States for 2014, as well as record volume in prescriptions dispensed, according to the IMS Institute for Healthcare Informatics, a unit of IMS Health. Last year, U.S. spending on medicines rose 10.3% on a real per capita

Study: Pharmacist role on health care team grows

Study: Pharmacist role on health care team grows

ALEXANDRIA, Va. — Pharmacists are performing more patient care activities in various health care settings and are spending less time in their traditional medication dispensing role, according to the the Pharmacy Workforce Center’s “2014 National Pharmacist Workforce Survey.” The 2014 National Pharmacist Workforce study, based on a sample of more than 5,200 licensed pharmacists, found

Walgreens Boots Alliance posts gains for 2Q

Walgreens Boots Alliance posts gains for 2Q

DEERFIELD, Ill. — In the first financial report since its formation at the close of 2014, Walgreens Boots Alliance Inc. recorded earnings per share for the fiscal 2015 second quarter that exceeded analysts’ forecasts. Management also announced on Thursday that it is expanding its restructuring program after identifying additional opportunities to cut costs, particularly in

Rite Aid finishes fiscal year on a high note

Rite Aid finishes fiscal year on a high note

CAMP HILL, Pa. — A tax break added to healthy gains in earnings for the 2015 fourth quarter and fiscal year at Rite Aid Corp., which also saw a strong sales performance for both periods. Net income for the fourth quarter and  full year were lifted by a reduction of the deferred tax asset valuation