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CAMP HILL, Pa. — As part of its ongoing efforts to closely manage and reduce costs, Rite Aid has eliminated 254 corporate office positions across its retail pharmacy and pharmacy services segments, the company reported today in the release of its earnings report for the first quarter. Rite Aid has also taken steps to reduce other
ARLINGTON, Va. — Taking on a new leadership role is never easy; taking the helm during a global pandemic, however, especially when job No. 1 for the organization’s members involves keeping the country’s vital medical supply chain running smoothly, defines daunting. But being named president and chief executive officer of the Healthcare Distribution Alliance
The COVID-19 crisis will eventually move past its peak and everyday life will phase into a new normal. When it does, it’s unlikely that customers or businesses will go back to their pre-pandemic ways. As “essential” businesses, retail pharmacies were some of the first to experience and respond to new changes in customer behaviors and
NEW YORK — The COVID-19 pandemic has not only put a freeze on life as we knew it but on the U.S. economy, which before the outbreak was humming along at a steady pace. With government-imposed lockdowns and social distancing guidelines put in place to slow down the spread of the coronavirus, many businesses have
WOONSOCKET, R.I. — Strong sales during the early stage of the coronavirus pandemic helped lift CVS Health’s first quarter earnings well above Wall Street’s projection. The company’s adjusted earnings per share of $1.91 easily topped analysts’ prediction of $1.63. The comparison is skewed however, by the inability of forecasters to have projected the extent of
DEARBORN, Mich. — CVS Health launched a rapid COVID-19 drive-thru testing site here, in conjunction with federal and state officials. The site will provide state residents with rapid testing and on-the-spot results at no cost, using the new Abbott ID NOW test. CVS has opened similar large-scale rapid testing sites in Connecticut, Georgia, Massachusetts and
IRVING, Texas — Due to the COVID-19 pandemic — and for the “health and safety of attendees” — McKesson has cancelled ideaShare 2020, which this year was scheduled for July 12-16 in Austin, Texas. Each year, McKesson ideaShare brings together the best and brightest independent pharmacy leaders and their staff to make meaningful connections and
CAMP HILL, Pa. — Rite Aid plans to expand COVID-19 testing sites as part of its partnership with the White House Coronavirus Task Force. In addition to the current testing site in Philadelphia, Rite Aid has added a new location, at a Rite Aid store located at 2604 Linglestown Road in Harrisburg, Pennsylvania. In coordination
TORONTO — Shoppers Drug Mart, in partnership with technology platform Maple, has launched a virtual care service for patients to help relieve the current burden on the acute health care system, specifically emergency rooms and hospitals. Where virtual care is not funded by provincial governments, Shoppers will fund online physician consultations at no cost to
WOONSOCKET, R.I. — The National Kidney Foundation (NKF) and CVS Kidney Care, a CVS Health company, are partnering on a national campaign to raise awareness of kidney disease, which affects some 37 million people in the U.S. In addition, one in every three American adults, or 33%, are at risk for developing this life-threatening disease.
NEW YORK — National and regional pharmacy chains were doing what they could to ease the coronavirus fears of shoppers and employees as the contagion spread. Seattle-based Bartell Drugs shipped more over-the-counter products to stores early this month after experiencing high demand due to concerns related to COVID-19. Bartell’s has two stores in the suburb
NEW YORK — With more than 90,000 people across the globe infected with coronavirus, including here in the U.S., public health officials are now operating in “uncharted territory,” says the head of the World Health Organization. The latest figures show that deaths from the virus have occurred outside of mainland China, where the virus originated,
VANCOUVER, B.C. — Earlier this month, London Drugs hosted the grand opening of its new location at Vancouver House, marking the first retail store opening in the Beach District, the emerging waterfront neighborhood located at the base of the Granville Street Bridge. The 12,108-square-foot London Drugs store was designed to support the immediate needs of
WOONSOCKET, R.I. — CVS Health unveiled a new solution that eliminates out-of-pocket costs associated with all diabetes prescription medications, including insulin, for members of the company’s pharmacy benefit manager. Offered through the CVS Caremark PBM, RxZERO enables employers and health plan sponsors to leverage formulary and plan design approaches to offer all categories of diabetes
