Articles from the CDR print editions. Limit this selection to a specific issue by selecting from BACK ISSUES & CATEGORIES.
NEW YORK — John Lederer, who oversaw the reinvention of Duane Reade that set the stage for its purchase by Walgreen Co., is moving to U.S. Foodservice as president and chief executive officer. As chairman and chief executive officer of Duane Reade since April 2008, Lederer led an overhaul of drab stores where low service
WASHINGTON — President Obama has signed into law a bill providing $26 billion to struggling states — including additional Medicaid funding — by closing tax loopholes for multinational companies and cutting food aid to the poor. The House of Representatives gave final congressional approval to the bill on a largely party-line vote of 247 to
CAMP HILL, Pa. — Rite Aid Corp. has issued $650 million in notes as part of a plan to refinance its debt and credit. The drug store chain also is working to regain compliance with the minimum share price rule of the New York Stock Exchange (NYSE) in order to avoid being delisted. Plans call
RALEIGH, N.C. — Kerr Drug has signed a licensing agreement for MirixaEdge, Mirixa Corp.’s clinical application that supports the delivery of pharmacist-based patient care services, including medication therapy management (MTM). Kerr plans to offer MTM services to the city of Charleston, S.C., and Charleston Water Works employees, using the web-based MirixaEdge application as the technology
VALLEY FORGE, Pa. — Mike Cantrell has been named president of AmerisourceBergen Corp.’s Good Neighbor Pharmacy network. Cantrell has also been named group vice president of retail business development and reports to Jerry Cline, senior vice president of retail sales and marketing at AmerisourceBergen. In his new post Cantrell serves as national leader of the
NEW YORK — While health care reform got the votes it needed in Washington, it still faces resistance in many states. Blocking maneuvers from lawsuits to legislative action to referenda are occurring from Florida to Alaska. In Missouri, voters this month passed a referendum aimed at overturning the health care reform law. The measure, which
WOONSOCKET, R.I. — CVS Caremark Corp. entered the Omaha market with the recent grand opening at one of its two new drug stores in the Nebraska city. Additional locations in the market are planned over the next several years. CVS/pharmacy has also expanded its presence this year in St. Louis, Memphis and Puerto Rico. “We
NEW YORK — Duane Reade has promoted Joe Magnacca, formerly executive vice president and chief merchandising officer, to president. Magnacca, a retail industry veteran with more than 20 years of experience, joined Duane Reade in October 2008 as senior vice president and chief merchandising officer. He was later promoted to executive vice president, but he
WOONSOCKET, R.I. — Aetna Inc. has agreed to use CVS Caremark Corp. to provide pharmacy benefit management services to its 9.7 million members for the next 12 years. “We are very pleased to be working with Aetna, and we believe our integrated approach and multichannel platform will help Aetna deliver exceptional results for its clients
WOONSOCKET, R.I. — CVS Caremark Corp. is converting a growing number of outlets to its urban store concept. A spokesman for the drug store chain says that by the year’s end about 300 CVS stores in large cities across the country will sport the new look, which features more non-health care products along with a
TORONTO — Executives at Shoppers Drug Mart (SDM) say that the recent rollback in pharmacy reimbursement rates across Canada is likely to slow the retailer’s growth in the coming years. “It is our assumption at this point in time that it’s absolutely possible to grow earnings over the next few years,” president and chief executive
WASHINGTON — The Obama administration has issued new rules that require health insurers to provide free coverage of a wide range of preventive health services. The rules are intended to improve access to and use of these services, which currently are often subject to deductibles, coinsurance or copayments. Under the new regulations, which were issued
NEW YORK — Chain drug retailers are readying now to deliver millions of flu shots starting as early as next month. The flu season is expected to start in the fall, and eight flu vaccines from six companies have been approved by the Food and Drug Administration, precluding a repeat of last year’s concerns over
MIAMI — Navarro Discount Pharmacies has upgraded and reopened its flagship store in Miami and plans similar upgrades for other drug store locations. The retailer recently held a grand reopening of its original store at 1243 S.W. 8 St. in Miami, which opened in 1961 as El Nacional Drug Store. Navarro notes that the event
