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Issue 04-03-2017

Lack of support sinks vote on Obamacare repeal

Lack of support sinks vote on Obamacare repeal

WASHINGTON — Republicans remained divided on a replacement for Obamacare late last month, as a House vote on the replacement American Health Care Act was aborted due to lack of support for the bill. House leaders pulled back the legislation despite a vow from President Trump to leave Obama’s signature law in place if Congress

WBA names chief merchant, marketer

DEERFIELD, Ill. — Walgreens has named Joseph Hartsig chief merchandising officer and Adam Holyk chief marketing officer. Hartsig and Holyk report to Walgreens Boots Alliance Inc. (WBA) co-chief operating officer Alex Gourlay, and are part of the Walgreens Enterprise Operating Committee. Hartsig also reports to Annie Murphy, WBA’s chief customer officer, while Holyk also reports

Fruth Pharmacy wins with community focus

Fruth Pharmacy wins with community focus

POINT PLEASANT, W.Va. — Not long after Jack Fruth, the founder of Fruth Pharmacy, died in 2005, his daughter Lynne Fruth had to make a decision: continue her successful career in education or take the reins of her father’s business. In 2009, Fruth was elected chair of Fruth Corp., a position that would pose more

CVS launches PBM Rx savings program

WOONSOCKET, R.I. — CVS Health last month announced the launch of Reduced Rx, a prescription savings program offering discounts on certain medications directly to patients through the company’s pharmacy benefits manager, CVS Caremark. The announcement came a day after the company reported that prescription growth for CVS Caremark clients slowed in 2016 to its lowest

WBA readies new proposal for FTC

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) is reportedly prepared to sell additional stores and other assets to Fred’s Inc. in an effort to win Federal Trade Commission approval for its merger with Rite Aid Corp. WBA, which had initially agreed to sell 865 Rite Aid stores to Fred’s, is planning to raise that

Bartell Drugs rolls out specialty Rx services

SEATTLE — Bartell Drugs, America’s oldest family-owned pharmacy, has launched a new specialty pharmacy service that personalizes health care for those experiencing conditions requiring specialized ­medications. “Being diagnosed and entering treatment can be overwhelming,” states Bartells clinical programs manager Christina Ree. “Our specialty pharmacy program helps take the fear out of the process and replaces

Peoples Drug Mart shuts down

Peoples Drug Mart shuts down

BURNABY, British Columbia — Peoples Drug Mart has ceased operations as a pharmacy group. The network’s independently owned 45 drug stores will operate under new banners, said Mark Dickson, who was Peoples’ interim chief executive officer. Dickson blamed the group’s demise after 41 years on the continued squeeze on pharmacy margins across Canada. Coping with

Fred’s appoints retail veterans to its board

MEMPHIS — Fred’s Inc. recently announced three new members — industry veterans Christopher Bodine, Peter Bocian and Mike Bloom — to its board of directors. At the same time, the company announced the retirement of Michael Hayes, John Eisenman and Jerry Shore from the board. During his 24-year tenure at CVS Caremark Corp., Bodine held

Industry mourns Jerome Weinberger, Dave Berman

The National Association of Chain Drug Stores recently announced the passing of two industry veterans, Jerome Weinberger and Dave Berman. Weinberger, the former chief executive officer of Gray Drug Stores, died last month. Along with his career at Gray, Weinberger served as the chairman of NACDS from May 1976 through April 1977 and was involved

Walmart tops among retailers in personal care share

SHELTON, Conn. — Walmart has the largest retail share in the $40 billion personal care market, but CVS Pharmacy and Walgreens are leading the way in driving deals for consumers, according to TABS Analytics. Walmart holds a 19.4% share of personal care purchases, followed by traditional supermarkets (such as Kroger Co. and Publix Super Markets

Fruth takes leadership role in drug abuse fight

POINT PLEASANT, W.Va. — Drug abuse, including the abuse of prescription painkillers, has reached epidemic proportions in the U.S., and no state has been hit harder than West Virginia. Fruth Pharmacy, according to company chairman and president Lynne Fruth, is trying to make a difference in the lives of those in its communities who are

Regional chain continues founder’s legacy with scholarships

POINT PLEASANT, W.Va — West Virginia is a better place to live today because of Jack Fruth, says Lynne Fruth, president and chairman of Fruth Pharmacy, the company Jack Fruth, her father, founded in 1952. Fruth says her father believed in paying success forward by making a positive impact on the community, and that philosophy

Role of drug distributors more crucial than ever

Role of drug distributors more crucial than ever

Changes in the nation’s health care system have made pharmaceutical distributors more important than ever. Large pharmacy operators have strengthened their alliances with the Big Three Wholesalers to maximize purchasing power, augment operational efficiency and work through such challenges as implementation of new federal regulations to ensure a secure supply chain. The role of drug

Chain drug retailing is at a turning point

Chain drug retailing is at a turning point

April is here — and still no resolution on the pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. As time stretches out, this indecision bodes ill for an acquisition that was until recently viewed as an agreement with benefits for both parties. Now, confusion is apparently overtaking certainty — and there is