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DEERFIELD, Ill. — Walgreens Boots Alliance posted mixed fourth quarter results, as earnings beat expectations but sales fell short of projections. Adjusted net earnings for the quarter ended August 31 rose 4.5% to $1.4 billion, up 4.5% on a constant currency basis, from a year ago. Adjusted earnings per share were $1.48, up 13% on
ARLINGTON, Va. – At the invitation of the White House, the National Association of Chain Drug Stores (NACDS) today participated with President Trump in the signing ceremony for the Patient Right to Know Prices Act (S. 2554) and the Know the Lowest Price Act (S. 2553). Representing NACDS at the ceremony were NACDS vice chairman
WASHINGTON — The Department of Justice gave preliminary approval Wednesday for CVS Health’s acquisition of Aetna Corp., which the two companies say will remake health care. The path to the $69 billion merger was cleared last month when Aetna agreed to sell its Medicare Part D drug plan business to WellCare Health Plans. Antitrust regulators
DEERFIELD, Ill. — Walgreens is taking proactive measures to assist customers, team members and communities in the projected path of Hurricane Michael, and is preparing to fully support impacted regions in the storm’s aftermath. The company is taking the following steps: Prescription Drug Preparedness: In advance of the hurricane, Walgreens is underscoring the importance of prescription
DEERFIELD, Ill. — Walgreens and online beauty retailer Birchbox are teaming up to build Birchbox retail experiences within select Walgreens stores. The multi-channel offering will bring prestige beauty brands into Walgreens stores and allow customers to discover and shop for new brands in an interactive and accessible way, and will include a curated Birchbox shop on Walgreens digital properties. As
DEERFIELD, Ill. – Kroger Co. and Walgreens are teaming up to work on an exploratory pilot program with a new format and concept that combines Kroger’s role as America’s grocer and food authority with Walgreens global expertise in pharmacy, health and beauty. The two retail leaders have selected 13 Walgreens stores in Northern Kentucky, near
MINNETONKA, Minn. — UnitedHealth Group has confirmed that its OptumRx division for pharmacy services is combining operations with Genoa Healthcare, which runs 435 pharmacies in behavioral health centers in 46 states. An unnamed source familiar with the deal, reported that UnitedHealth, which is based here, paid about $2.5 billion to acquire Genoa. OptumRx spokesperson Drew
CAMP HILL, Pa. – Rite Aid Corp. on Thursday posted second-quarter earnings that were in line with Wall Street’s expectations. The company also named three new board members and announced it was dividing the chairman and chief executive officer position. Director Bruce Bodaken will become chairman while John Standley remains CEO. The moves follow the
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) lauded Congressional leaders for their efforts to empower pharmacists help patients reduce out-of-pocket drug costs. The U.S. House of Representatives approved the Senate-passed versions of the Patient Right to Know Prices Act (S. 2554) and the Know the Lowest Price Act (S. 2553), thus
ATLANTA — Sharecare, the digital health company helping people manage all their health in one place, today announced it will be participating in Walmart Wellness events on Saturday, September 22 at more than 4,600 locations across the country. Sharecare’s participation in the largest health fair in the country is the latest expansion of its strategic partnership with
SEATTLE — Amazon is considering opening as many as 3,000 of its cashier-less Amazon Go convenience stores by 2021, unnamed sources familiar with the plan told Bloomberg News. Ten Go stores would be up and running by the end of 2018, 50 by the end of 2019 and up to 3,000 by 2021, according to
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) praised the U.S. Senate’s passage last evening of the Patient Right to Know Prices Act (S. 2554). The bill would help patients in private plans save money on prescription drugs by ending so-called “gag clauses” that prevent pharmacists from telling patients they could save
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) is applauding the enactment of an electronic prescribing bill (AB 2789) in California that will help to prevent opioid abuse. California Governor Jerry Brown signed the legislation yesterday. Effective January 1, 2022, the bill will require healthcare practitioners authorized to issue prescriptions to have
BOISE, Idaho — Jim Donald has been named president and chief executive officer of Albertsons Cos., effective immediately. He had been president and chief operating officer. Robert Miller, currently the company’s chairman and CEO, will continue as chairman. Donald’s 47-year retail career began as a trainee in Florida with Publix Super Markets Inc. He joined
