WASHINGTON — The fate of the Affordable Care Act rests with the Supreme Court. The court this month heard arguments in a case that the Obama administration says could gut the law. It will decide whether some 7 million low- and middle-income people in about three-dozen states will continue to receive subsidies under the law
CAMP HILL, Pa. — Rite Aid Corp. has broadened and deepened its health care footprint by agreeing to acquire pharmacy benefits manager Envision Pharmaceutical Services (EnvisionRx) for around $2 billion in cash and stock from TPG, a private investment firm. The transaction, which has been approved by the boards of directors of both companies, is
SAN FRANCISCO — Brian Tyler has been promoted to president of North American pharmaceutical distribution and services at McKesson Corp. The company also has hired Bansi Nagji to take over Tyler’s previous post as executive vice president of corporate strategy and business development. As president of North American pharmaceutical distribution, Tyler takes on a new
BRAMPTON, Ontario — Loblaw Cos., the parent of Canada’s largest supermarket and pharmacy chains, including Shoppers Drug Mart, plans to invest more than $1.2 billion (Canadian) in its business in 2015. The money will fund new stores and renovations, as well as an expansion of Loblaw’s e-commerce capabilities and improvements to supply chain and information
FLINT, Mich. — Diplomat Pharmacy, which posted strong financial results for fiscal 2014, is acquiring BioRx LLC, a specialized pharmacy and infusion services company. Based in Cincinnati, BioRx provides treatments for patients with ultra-orphan and rare, chronic diseases. Terms of the agreement call for Diplomat to buy BioRx for $210 million in cash and $105
HONOLULU — Walgreens has brought its flagship store concept to Hawaii for the first time with the opening of a 35,576-square-foot, two-story outlet in this city’s popular Ala Moana shopping district. The new store, which opened with a traditional Hawaiian blessing on February 21, is Walgreens’ 15th flagship store. It is also Walgreens’ 12th store
ARLINGTON, Va. — Former Treasury Secretary Lawrence Summers will deliver the keynote address at the 2015 NACDS Annual Meeting, set for April 25 to April 28 in Palm Beach, Fla. The National Association of Chain Drug Stores also announced that Bruce Josten, executive vice president for government affairs at the U.S. Chamber of Commerce, will
CAMP HILL, Pa. — Rite Aid Corp. has launched what the company calls a nationwide Innovation Challenge aimed at gathering original product ideas that can improve the health and well-being of its customers. The challenge, which runs through March 31, is being conducted in partnership with Edison Nation Medical, a leader in medical and health
BENTONVILLE, Ark. — Walmart stunned the retail world when it announced recently that it would give raises to approximately 500,000 employees, increasing its base hourly pay rate above the federal minimum wage. In the wake of Walmart’s move, industry observers and analysts have been examining the possible implications for the rest of the industry. Through
BENTONVILLE, Ark. — Walmart has changed its Savings Catcher price comparison tool so that deals offered by drug stores are no longer matched. The Savings Catcher tool, which is available on the Walmart smartphone app and on the retailer’s website, promises to make it easy for shoppers to compare Walmart’s prices with those offered by
BOULDER, Colo. — Pharmaca Integrative Pharmacy recently opened new outlets in Beaverton, Ore., and Laguna Hills, Calif., bringing its store count to 29. The new stores are the latest examples of the company’s Pharmaca Integrative Pharmacy concept, which the company says offers traditional pharmacy services along with a wide assortment of complementary merchandise that includes
RIPLEY, W.Va. — Zack Tennant has brought health care delivery by pharmacists to another level. The 30-year-old Tennant, who has worked at the Fruth Pharmacy store here for about six years, traveled to the Ohio State University cancer center last year to donate bone marrow. He had to get drug injections in the weeks beforehand
MINNEAPOLIS — Target Corp. revealed its plan for future growth at its recent investors’ conference here. In addition to fine-tuning its merchandising, the plan calls for the elimination of thousands of headquarters jobs in order to achieve savings of $2 billion. “Following a thorough strategic review of our business, coupled with a careful evaluation of
Target is officially in the convenience store business. Earlier this month the Minneapolis-based mass merchant opened two slimmed-down stores in the San Francisco Bay area. The first opened in downtown San Francisco, the second across the Bay in the college town of Berkeley. These units are the second and third “Express” stores Target has opened
