July 3, 2017 by Mark Baumgartner and Chain Drug Review
Affordable Care Act, American Health Care Act, Better Care Reconciliation Act, Mitch McConnell, National Retail Federation, Obamacare
2017, Issue 07-03-2017, Issues, News
WASHINGTON — After weeks of working behind closed doors to draft a bill to replace Obamacare, Senate Republican leaders released the Better Care Reconciliation Act and set about finding 50 votes to pass it. Like the American Health Care Act that passed the House in May, the Senate bill represents a major revision to the
July 3, 2017 by Brian Bossetta
Lewis Drug, Mark Griffin, Nikki Griffin, Sanford Health
2017, Business, Issue 07-03-2017, Issues, Leading Headlines, News, Retail News
SIOUX FALLS, S.D. — Reflecting on the 75th anniversary of the business his father started in 1942, Mark Griffin, president and chief executive officer of Lewis Drug, says he is most proud of how his daughter Nikki Griffin, the company’s corporate vice president, has stepped up to keep the Griffin legacy thriving. “She’s extremely intelligent
July 3, 2017 by Bill Schiffner
Cigna, Cigna 90 Now, Cigna Health Works, Cigna Onsite Health, CVS Health, CVS Pharmacy, Helena Foulkes, Michele Paige, MinuteClinic
2017, Issue 07-03-2017, Issues, News
WOONSOCKET, R.I. — Cigna and CVS Health recently rolled out Cigna Health Works, a new partnership that aligns Cigna-administered health benefits with CVS Pharmacy and CVS MinuteClinic retail health care services to deliver an innovative consumer-friendly experience for Cigna self-funded employer-sponsored health plans. This collaboration brings together the health benefits insights of a global health
July 3, 2017 by Bill Schiffner
Bryan Everett, Eric Papenfuse, Rite Aid, Strawberry Square, Wellness Store
2017, Issue 07-03-2017, Issues, News
CAMP HILL, Pa. — Rite Aid Corp. last month celebrated the grand reopening of its 14,000-square-foot Market Street store inside Strawberry Square, a 1 million-square-foot, mixed-use complex in the heart of downtown Harrisburg, Pa. Mayor Eric Papenfuse joined Rite Aid executive vice president of store operations Bryan Everett and other company and community officials at
July 3, 2017 by Bill Schiffner
AmerisourceBergen, AmerisourceBergen Drug Corp., James Cleary, Peyton Howell, Robert Mauch, Steve Collis
2017, Issue 07-03-2017, Issues, News
VALLEY FORGE, Pa. — AmerisourceBergen Corp. has reorganized its operating model and leadership team to meet customer needs in what the company says will be “a more seamless and unified way.” The pharmaceutical distributor said that its customer-facing offerings will now be aligned under two groups: Pharmaceutical Distribution and Strategic Global Sourcing, and Global Commercialization
July 3, 2017 by Bill Schiffner
Amazon, Jeff Bezos, John Mackey, Whole Foods Market
2017, Issue 07-03-2017, Issues, News
SEATTLE — Amazon.com Inc. has agreed to acquire Whole Foods Market Inc. for $13.7 billion, including debt, in its biggest deal ever. The acquisition will launch the e-commerce giant into hundreds of physical stores and fulfill a long-held goal of selling more groceries to consumers. Amazon will pay $42 a share in cash for the
July 3, 2017 by Jeffrey Woldt and Chain Drug Review
Dollar General, Jason Reiser, The Vitamin Shoppe, Todd Vasos
2017, Issue 07-03-2017, Issues, News
GOODLETTSVILLE, Tenn. — Dollar General Corp. has named Jason Reiser as its next executive vice president and chief merchandising officer. Currently executive vice president and chief operating officer at The Vitamin Shoppe, Reiser will join the dollar store chain July 12. Reiser will replace Jim Thorpe, who recently retired from Dollar General, which operates some
July 3, 2017 by Chain Drug Review
McKesson, McKesson Canada, Rexall Health, Rx Drug Mart, Uniprix
2017, Issue 07-03-2017, Issues, News
ST. LAURENT, Quebec — McKesson Corp. is selling 27 Rexall drug stores to Rx Drug Mart under a consent agreement with the Competition Bureau of Canada for its $2.2 billion (Canadian) acquisition of Rexall Health. The Competition Bureau said last month that it has approved Rx Drug Mart, a Toronto-based independent pharmacy network, as the
July 3, 2017 by Bill Schiffner
Anthony Sartoris, CVS Pharmacy, David Sartoris, Doc's Drugs
2017, Issue 07-03-2017, Issues, News
WOONSOCKET, R.I. — CVS Pharmacy plans to acquire Doc’s Drugs, a chain of 14 drug stores in Illinois. Financial terms of the acquisition were not disclosed. The company said all of the Doc’s stores will be converted and rebranded as CVS Pharmacy locations by late July. “Together, Doc’s Drugs and CVS Pharmacy have created a
July 3, 2017 by Bill Schiffner
2017 NACDS Total Store Expo, Colin Powell, National Association of Chain Drug Stores, Steve Anderson
2017, Issue 07-03-2017, Issues, News
ARLINGTON, Va. — Former Secretary of State and Retired Army Gen. Colin Powell will be the keynote speaker at the 2017 NACDS Total Store Expo. The National Association of Chain Drug Stores said Powell will speak at the event’s business session on Sunday, August 20. TSE runs from August 19 through August 22 in San
July 3, 2017 by Jeffrey Woldt and Chain Drug Review
Aldi, Amazon, chain drug stores, drug chains, food and beverage sales, grocery business, Jason Hart, Jeff Bezos, Jeffrey Woldt, Lidl, Whole Foods Market
2017, Issue 07-03-2017, Issues, Opinion
Ralph Waldo Emerson wrote, “People wish to be settled; only as far as they are unsettled is there any hope for them.” To the extent that Emerson’s insight is applicable to the grocery business, retailers vying for a share of the nation’s $800 billion a year in food and beverage sales, a contingent that includes
July 3, 2017 by David Pinto and Chain Drug Review
Albertsons, Amazon, chain drug retailing, CVS Pharmacy, David Pinto, Walgreens Boots Alliance-Rite Aid merger, Whole Foods Market
2017, Issue 07-03-2017, Issues, Opinion
The biggest stories to come out of chain drug retailing thus far in 2017 are non-stories. Indeed, it’s grocery and discount store retailers that are making all the news, while drug chains continue to anticipate the newest developments — or, more likely, wait for them to happen. In the supermarket business, Albertsons Cos. is making
July 3, 2017 by Rodey Wing, Ella Berlyand, Katy Rauen and Chain Drug Review
A.T. Kearney, accredited URAC pharmacy, Ella Berlyand, Katy Rauen, limited-distribution drugs, Rodey Wing, specialty pharmacy, specialty pharmacy industry
2017, Issue 07-03-2017, Issues, Opinion
In recent years, the specialty pharmacy industry has been defined by rapid growth with considerable entry from new participants. Factors driving growth include an increase of therapies introduced into the pharmacy benefit class rather than through the medical benefit, a growing number of patients receiving treatment for a wider range of conditions, price inflation caused