Lupin 2023

Issue 10-14-2013

Health insurance exchanges get off to rocky start

NEW YORK — NEW YORK — The much-anticipated debut of the enrollment period for health insurance exchanges saw millions of Americans overwhelm the websites set up to let them get coverage. Proponents of the Affordable Care Act (ACA) health reform law say the sheer number of people who turned to the sites on the first

Pharmacies are helping patients cope with ACA

NEW YORK — The kickoff of the Affordable Care Act’s open enrollment period has kept community pharmacy chains busy. Large retailers such as Walmart, CVS Caremark Corp., Walgreen Co. and Rite Aid Corp. as well as such regional drug chains as Navarro Discount Pharmacy are promoting health care coverage in many of their stores. “We

Washington gridlock casts shadow

WASHINGTON — The economy faced a greater threat from hitting the debt ceiling than from a government shutdown, experts said this month. Unless the federal borrowing limit was raised by October 17, the country faced a default on its loans and an ensuing global crisis. The scenario would also mean no cash for Social Security

Industry groups back Rx legislation

WASHINGTON — Community pharmacy advocates have thrown their support behind a congressional plan to reform the nation’s pharmaceutical supply chain and impose tighter regulations on pharmacy compounding. The heads of the National Association of Chain Drug Stores, National Community Pharmacists Association and Healthcare Distribution Management Association all wrote letters to Senate and House of Representatives

Walgreens posts solid quarter across business

DEERFIELD, Ill. — Fourth quarter net income surged more than 85% at Walgreen Co. as the company rebounded strongly from a year-ago quarter that was severely impacted by weak sales, costs related to its purchase of a stake in Alliance Boots GmbH and a big LIFO charge. Despite the impressive finish to fiscal 2013, management

Rite Aid on track with ‘wellness’ remodels

CAMP HILL, Pa. — Rite Aid Corp. aims to have about a quarter of its store base converted to its “wellness store” format by the close of its current fiscal year next March. The drug chain reached a milestone during its fiscal 2014 second quarter by opening its 1,000th wellness store remodel, company executives said

Loblaws taps exec to oversee SDM integration

BRAMPTON, Ontario — Mark Butler has been named Loblaw Cos.’ executive vice president of integration with responsibility for planning the supermarketer’s assimilation of Shoppers Drug Mart (SDM). A 37-year Loblaws veteran, Butler was most recently executive vice president of the conventional division. Subject to the completion of Loblaws’ acquisition of SDM following review by Canada’s

DeParle joins the board at CVS

WOONSOCKET, R.I. — CVS Caremark Corp. has named Nancy-Ann DeParle, a former top aide to President Barack Obama on the health care overhaul, to its board of directors. DeParle, 56, will be an independent director serving on the board’s audit committee. She worked in the Obama administration from 2009 until January of this year, first

Bartell adds new twist to latest drug store

SEATTLE — Bartell Drugs is opening one of its largest stores ever in the Puget Sound area. The store, a 16,085-square-foot unit in the city’s Greenwood section, opened for business on October 13 and offers a broader merchandise mix than most other Bartell Drug outlets. A grand opening event is scheduled for October 26. Executives

Industry won’t be same without Civello

The announcement last month that Walgreens had agreed to acquire Kerr Drug, the 76-store, Raleigh, N.C.-based drug chain, disrupted chain drug retailing as few previous acquisitions had done. It wasn’t the size of the deal that caused such a stir. Numerically, this was but a small example of the consolidation the chain drug industry has

Studies dissect pharmacy customer satisfaction

New research that examines customer satisfaction with pharmacy operators contains some revealing insights. The studies, conducted separately by J.D. Power and Market Force Information, identify favorites among consumers and point to broader industrywide trends. Based on a survey of 13,500 customers, J.D. Power’s report contains good news for traditional community pharmacies: The competitive threat posed