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WASHINGTON — National Association of Chain Drug Stores board members from around the country met with House and Senate leaders this week to promote pharmacy’s role in affordable, accessible and quality health care for all Americans. Board members flew in to the district to discuss pharmacy priorities directly with lawmakers, including provider status legislation, health
DEERFIELD, Ill. — The long, drawn-out quest of Walgreens Boots Alliance Inc. (WBA) to acquire Rite Aid Corp. took another unexpected turn this morning when the two companies announced a new agreement under which WBA will purchase 2,186 stores, three distribution centers and related inventory from Rite Aid. The price will be $5.175 billion in
DEERFIELD, Ill. and BURLINGTON, N.C. — Walgreen Co. is collaborating with LabCorp to have the latter develop and operate patient service centers within selected Walgreens stores. The centers, which will be cobranded “LabCorp at Walgreens,” will offer lab testing in a secure, comfortable environment for specimen collection, located near the pharmacy area. Seven LabCorp at
DEERFIELD, Ill. — The Walgreens app is driving more than twice the adoption rate of industry averages among adults age 55 and older, the company said yesterday. The app, already one of the most popular retailer apps with tens of millions of users nationwide, has garnered a particularly robust following among older Americans — a
VALLEY FORGE, Pa. — AmerisourceBergen Corp. said it has reorganized its operating model and leadership to meet customer needs “in a more seamless and unified way.” The pharmaceutical distributor announced Monday that its customer-facing offerings are now aligned under two groups: Pharmaceutical Distribution and Strategic Global Sourcing, and Global Commercialization Services and Animal Health. The
SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said Friday. Whole Foods cofounder and chief executive
MEMPHIS, Tenn. — Fred’s Pharmacy has procured $550 million in additional funding for its deal to buy up to 1,200 Rite Aid stores in connection with the Walgreens-Rite Aid merger. In an 8-K filing with the Securities and Exchange Commission yesterday, Fred’s said that for a second time it has amended and restated a commitment
WASHINGTON — Prescription abandonment is sharply higher for branded drugs than generic drugs, a new annual report commissioned by the Association for Accessible Medicines (AAM) found. AAM said Monday that abandonment — defined as the failure to pick up a new script — was nearly three times as high for brand-name drugs as for generics
BENTONVILLE, Ark. — This year, Walmart is extending the reach of Walmart Wellness Day, billed as the “largest health fair in America.” On June 17, Walmart plans to offer free health screenings — including blood pressure, blood glucose, body mass index (BMI) — at its more than 4,600 stores nationwide from 10 a.m. to 2
WOONSOCKET, R.I., and BLOOMFIELD, Conn. — CVS Health and Cigna say they’re ushering in a new health care and drug coverage model with the launch of Cigna Health Works, which joins Cigna-administered health benefits with CVS Pharmacy and MinuteClinic retail pharmacy and health services. CVS and Cigna said Thursday that Cigna Health Works is designed
NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal Trade Commission. “We remain actively engaged in discussions with the FTC to attempt to gain regulatory approval, and there can be
WOONSOCKET, R.I. — CVS Pharmacy plans to buy Doc’s Drugs, a chain of 14 drug stores in Illinois. Financial terms of the acquisition weren’t disclosed. CVS said all of the Doc’s stores will be converted and rebannered as CVS Pharmacy by late July. The Doc’s stores being acquired — including one Sartoris Drugs location —
MEMPHIS, Tenn. — Fred’s Pharmacy saw same-store sales edge up in May, though store closings led to a year-over-year revenue decline for the month. Fred’s said Thursday that sales for the four weeks ended May 27 totaled $160.1 million, down 3.1% from $165.2 million a year earlier. The company attributed the sales decrease to the closure
BOISE, Idaho — Albertsons Cos. has acquired MedCart Specialty Pharmacy, a Livonia, Mich.-based provider of pharmacy services for people with complex diseases. Financial terms of the agreement weren’t disclosed. Plans call for MedCart, privately owned since 2012, to operate under its current leadership as a new business unit in Albertsons’ pharmacy organization. The MedCart unit
