SAN FRANCISCO — Bouncing back after the rejection of its previous offer, McKesson Corp. has secured the acquisition of the Stuttgart, Germany-based pharmaceutical distribution firm Celesio Group. McKesson reached an agreement with Franz Haniel & Cie, the majority shareholder, to acquire its entire holding of Celesio shares for €23.50 per share. Separately, McKesson bought Celesio
WASHINGTON — The ranks of the nation’s uninsured declined in January as expanded health insurance coverage was demonstrated under the Affordable Care Act. According to the Gallup-Healthways Well-Being Index, the rate for adults lacking health care coverage fell by 1.2 percentage points to 16.1, an indication that 2 million to 3 million individuals had secured
NEW YORK — Walgreen Co. has debuted its latest flagship store in New York City, bringing the format’s Up Market, enhanced beauty offerings and expanded pharmacy to Union Square. The 24-hour flagship marks another major renovation for the store on 4th Avenue at 14th Street since its opening in 2001. “We’ve been reborn twice and
NAPLES, Fla. — From the challenges posed in competing against their much larger counterparts (including those in the discount and supermarket trade channels) to trying to help pharmacy teams and their customers gain a better understanding of the Affordable Care Act and the related complexities of the nation’s evolving health care system to addressing the
ARLINGTON, Va. — Consumers using state and federal health insurance exchanges should be able to evaluate plans’ success in medication management, the National Association of Chain Drug Stores said last month in a letter to the Centers for Medicare and Medicaid Services (CMS). The January 21 letter from NACDS senior vice president of pharmacy care
MINNEAPOLIS — The chief financial officer of Target Corp., John Mulligan, has been summoned to testify before the Senate Judiciary Committee this week about the massive data breach experienced by the retailer during the holidays. In the House of Representatives, meanwhile, the leader of the House Energy and Commerce Committee, Henry Waxman (D., Calif.) has
ARLINGTON, Va. — Nearly 80 pharmacies in the Midwest have teamed up with the University of Nebraska College of Pharmacy and Michigan’s Ferris State College of Pharmacy to perform rapid diagnostic tests for strep throat and influenza for patients via research grants from the National Association of Chain Drug Stores Foundation. For the project, specially
ARLINGTON, Va. — The National Association of Chain Drug Stores is not resting on its laurels when it comes to the 2014 Total Store Expo. Despite the overwhelming success of the inaugural show last year in Las Vegas — as reflected by a 92% satisfaction rate among survey respondents and near sellout of this year’s
WOONSOCKET, R.I. — CVS/pharmacy has launched its annual Project Health wellness campaign, an initiative that will deliver more than $15 million worth of free health services to multicultural communities across the United States in 2014. From January through March, more than 350 Project Health events will be held at select CVS/pharmacy retail locations in 15
CINCINNATI — Jay Cummins has been named president of the Smith’s Food and Drug Stores division at Kroger Co., and Joe Fey has been appointed president of the mid-Atlantic division. Cummins, 62, who was president of the mid-Atlantic unit, succeeds Mark Tuffin, who was named senior vice president of retail divisions in December. Cummins brings
ARLINGTON, Va. — Surescripts LLC president and chief executive officer Harry Totonis will leave the company next month. At presstime, a successor had not been named. Totonis, who joined Surescripts shortly after its merger with RxHub in 2008, is credited with making electronic prescribing a reality and the force behind Surescripts’ establishing the nation’s leading
FLINT, Mich. — Diplomat Specialty Pharmacy has acquired American Homecare Federation Inc. (AHF), a provider of hemophilia pharmacy services serving the home care needs of the bleeding disorders community. “Diplomat is pleased to expand our footprint in the hemophilia specialty space with the acquisition of AHF, which has an outstanding reputation for serving the hemophilia
Seldom has a new year in chain drug retailing dawned amid so many unanswered questions, so many fresh initiatives, so many high-stakes changes yet unresolved. Some examples that readily come to mind include the following: • Just 12 months ago, Walgreens’ middle- and senior-level management alignment appeared chiseled in stone: Joe Magnacca and Bryan Pugh
In the landmark book The Structure of Scientific Revolutions, published in 1962, Thomas Kuhn established the concept of paradigm shifts, an idea that illuminates how progress in such fields as physics and biology is really made. His central argument is that when a new model governing thinking in a given discipline emerges, avenues of exploration
