ST. LOUIS — George Paz will retire as Express Scripts Holding Co.’s chief executive officer in May, making way for president Tim Wentworth to take over, the company said earlier this month. Paz, 60, has been CEO at Express Scripts for a decade. He helped engineer the company’s takeover of rival Medco Health Solutions in
SAN FRANCISCO — McKesson Corp. has agreed to purchase the pharmaceutical distribution division of Dublin, Ireland-based UDG Healthcare PLC for about $466 million. The deal — which is contingent upon a vote of approval from UDG Healthcare shareholders and clearance from European Union regulators — would give McKesson distribution channels across the Republic of Ireland
VIRGINIA BEACH, Va. — Rite Aid Corp. is recognizing 274 students around the country who are receiving Folds of Honor educational scholarships made possible by a $1.3 million donation from the Rite Aid Foundation’s KidCents program. The celebration kicked off earlier this month at a Virginia Beach Rite Aid store, where Rite Aid president and
CINCINNATI — Kroger Co. has named four executive vice presidents to lead key parts of its business. Mike Donnelly is now EVP of merchandising, Chris Hjelm is EVP and chief information officer, Fred Morganthall is EVP of retail operations, and Mike Schlotman is EVP and chief financial officer. “This new organizational structure will help Kroger
DUBLIN, Ohio — Cardinal Health has opened a research and development facility dedicated to reducing the estimated $5 billion wasted each year in the health care supply chain for devices and implantables. The Healthcare Supply Chain Innovation Lab, a 20,000-square-foot facility in Concord, Mass., will serve as a hub for Cardinal Health to explore innovative
WASHINGTON — Federal Reserve policy makers have just two more chances to raise short-term interest rates this year after taking a pass earlier this month and holding rates at their historically low levels for at least a while longer. The rate-setting Federal Open Market Committee (FOMC) slashed interest rates to zero in December 2008 to
MADISON, Wis. — Restore Health announced this month it has entered into an agreement to acquire the compounding pharmacy assets of Diplomat Pharmacy Inc. Financial terms of the agreement weren’t disclosed. Restore Health said the deal bolsters its compounding pharmacy and personalized medicine business and enables Diplomat to sharpen its focus on its core specialty
The major provisions of the Patient Protection and Affordable Care Act have been in effect for almost two years now, enough time to undertake an interim analysis of the controversial law’s impact on the health care system. President Obama and other advocates of the ACA, which since its enactment in March 2010 has withstood two
The ranks of the founding families, the leaders who collectively framed and built the chain drug store business in America, are thinning at an alarming rate. Sad as this development is, sadder still is the reality that very few among the current crop of chain drug industry leaders remember who they were or what they
How many times have you seen an image of a product and had your interest piqued, only to view the item firsthand and have the thought, “That’s not what I was expecting.” It’s common, especially among home buyers. The staged images on a realtor’s website look perfect, then you actually tour the house and what
