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DEERFIELD, Ill. — Walgreens has entered an agreement to become the retail pharmacy provider for northeastern Florida health system Baptist Health. Plans call for Baptist Health’s retail pharmacy operations to open under Walgreens’ ownership at Baptist Medical Center Jacksonville in early January. The health system’s other six retail pharmacy locations are slated to close. Baptist
CAMP HILL, Pa. — Rite Aid Corp. is providing extra incentive for American Express cardholders to shop in its stores. This week, the drug chain announced that American Express card users participating in the Membership Rewards program can use those points for eligible purchases at Rite Aid’s nearly 4,600 stores nationwide. After building up enough
SEATTLE — Amazon.com Inc. has launched free two-hour delivery of products from Bartell Drugs, the first drug chain included in the service. Prime Now members in Greater Seattle can now shop for thousands of health and beauty aids and groceries, including locally sourced products, from Bartells. The delivery area, initially including Capitol Hill, Columbia City,
ARLINGTON, Va. — The chain drug industry upheld its base of pharmacy advocates in Congress despite “one of the most tumultuous election cycles in modern times,” said National Association of Chain Drug Stores president and chief executive officer Steve Anderson. In a memo this week to NACDS members, Anderson said the bipartisan NACDS Political Action
NEW YORK — Walgreens has filed a breach-of-contract lawsuit against former lab testing partner Theranos Inc., the companies confirmed. The civil suit was filed Nov. 8 in U.S. District Court in Delaware under seal, because Walgreens was concerned Theranos might claim the action violated the companies’ confidentiality agreement, The Wall Street Journal reported, citing court
WOONSOCKET, R.I. — CVS Health posted sales gains in both of its business units and adjusted earnings per share above Wall Street’s forecast for the 2016 third quarter. However, CVS said Tuesday that it lowered its outlook for full-year 2016 and, in preliminary guidance for fiscal 2017, expects to lose over 40 million retail prescriptions
PETERSBURG, Fla. — Walmart executive Carmen Bauza is leaving the company to join interactive media retailer HSN Inc. HSN said Monday that Bauza is slated to join HSN/Home Shopping Network as executive vice president and chief merchandising officer on Nov. 28. She will be responsible for the management and development of the retailer’s cross-category product
WOONSOCKET, R.I. — CVS Health plans to terminate about 600 corporate jobs over the next couple of months. The job cuts will be made primarily at CVS corporate offices in Rhode Island, Illinois and Arizona, the company said. In a statement, CVS Health indicated that the job reductions reflect fluctuations in the health care business
DEERFIELD, Ill. — Affiliates of private equity firm Kohlberg Kravis Roberts & Co. (KKR) plan to sell their remaining interest in Walgreens Boots Alliance (WBA) through a secondary stock offering. WBA said Wednesday that the KKR affiliates aim to sell 20.46 million shares of WBA common stock in an underwritten secondary offering. And in a
DEERFIELD, Ill. — A new survey by Walgreens has revealed a disconnect among seniors as they weigh Medicare Part D prescription drug plans. Although seniors cite prescription drug costs as one of their top Medicare concerns, 34% said they aren’t reviewing their prescription drug benefits plan before renewing it, and 19% reported they don’t have
ONALASKA, Wis. — CVS pharmacy manager Adam Matz didn’t begin his career at a drug store. In fact, he didn’t even begin it in pharmacy. Matz, 39, manages the CVS Pharmacy at the Target store in Onalaska, a suburb just north of La Crosse, Wis. He had been a Target pharmacy manager for about seven
FLINT, Mich. — Paul Urick has been promoted to president at Diplomat Pharmacy Inc., succeeding Gary Kadlec, who is retiring. Diplomat said late Tuesday that Urick, currently senior vice president of industry relations, pharmaceutical account management and payor strategy, is slated to take the reins as president on Nov. 1. Kadlec plans to retire on
NEW YORK — Competition remains fierce in the chain pharmacy industry, albeit with a decreasing number of players. If the pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. goes through, the field will diminish dramatically, especially in major metropolitan areas. Depending on the number of stores WBA divests to meet antitrust requirements,
NEW YORK — Consumers are expected to increase their spending this holiday season, bolstered by an economy that is showing signs of strength. The National Retail Federation (NRF) expects sales in November and December (excluding cars, gasoline and restaurant sales) to increase 3.6% to $655.8 billion. That is significantly higher than the 10-year average of
