Cardinal Health has quietly acquired TelePharm, an Iowa City, Iowa-based provider of telepharmacy services, according to published reports. Spokespeople for both companies told the Des Moines Register that the deal closed last month. Financial terms weren’t disclosed. TelePharm’s cloud-based software provides pharmacies with counseling and prescription verification services. The solution enables one pharmacist to verify
WASHINGTON — Over the weekend, the American Pharmacists Association (APhA) gave pharmacy students an opportunity for their voices to be heard on Capitol Hill. The APhA Academy of Student Pharmacists (APhA-ASP), supported by Rite Aid, Cardinal Health and Amgen, hosted leadership and professional development programming in Washington, D.C., for 240 pharmacy students. Running Friday to
Players in the retail pharmacy space accounted for three of the top 10 spots in the 2016 Fortune 500 list of the nation’s largest companies by revenue. Coming in again at No. 1 overall on the annual list, released this week, was the world’s largest retailer, Walmart, with sales of $482.13 billion. The company is
The expanded distribution agreement between McKesson and Walmart not only brings McKesson a generic drug customer it had been pursuing, but it also “finalizes an intriguing industry channel alignment,” according to pharmacy supply chain expert Adam Fein, president of Pembroke Consulting. In a posting Tuesday on his Drug Channels blog, Fein noted that Walmart was
SAN FRANCISCO and BENTONVILLE, Ark. — McKesson Corp. and Walmart have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and Walmart said Monday that the expanded relationship is “a natural next step.” The companies will collaborate on sourcing generics for their U.S. operations, a move that they said
DUBLIN, Ohio — Student pharmacists from across the country and a clinical professor of pharmacy were honored by the Cardinal Health Foundation, Ohio State University College of Pharmacy and American Pharmacists Association (APhA) for their efforts in preventing prescription medication abuse and misuse. Cardinal Health said Friday that the recognitions are part of Generation Rx,
DUBLIN, Ohio — Community pharmacists are reacting positively to a new custom-built medication synchronization program that simplifies the process for patients and caregivers who are filling multiple prescriptions and improves patients’ medication adherence by helping to ensure that they fill all prescriptions every month, according to Cardinal Health Inc. The Cardinal Health MedSync Advantage program
DUBLIN, Ohio — Cardinal Health Inc. said its new medication synchronization program, MedSync Advantage, offers manifold benefits for community pharmacies in terms of patient care and efficiency. The latest offering in Cardinal’s Reach for the Stars suite of community pharmacy solutions, MedSync Advantage enables pharmacists to coordinate a patient’s prescriptions to be picked up on
DUBLIN, Ohio — Pharmacists can learn how to increase their business and position themselves at the forefront of preferred network access through a 31-stop town hall tour that Cardinal Heath is conducting throughout the United States. The “Reach for the Stars” town halls identify how pharmacists can contribute to the Centers for Medicare and Medicaid
NEW YORK — CVS Health has raised the midpoint of its earnings outlook for 2016 and reiterated its five-year steady state targets. The company now expects next year’s adjusted earnings per share to range from $5.73 to $5.88, reflecting solid year-over-year growth of 11.25% to 14.25%. The bottom end of the range was increased by
ALEXANDRIA, Va. — Independent community pharmacies are making strides in diversifying their revenue despite pressure from thinning prescription reimbursements and narrow pharmacy networks, according to the National Community Pharmacists Association. The 2015 NCPA Digest, released Tuesday and sponsored by Cardinal Health, shows how independent drug stores are serving up new pharmacy services — mainly focused
DUBLIN, Ohio — Cardinal Health has completed its acquisition of Johnson & Johnson’s Cordis cardiology and endovascular device business for $1.944 billion. Cardinal said Sunday evening that the integration of Cordis off to a strong start, with management teams in place worldwide. The company noted that planning has been ongoing since the deal was announced
ARLINGTON, Va. — Ted Scherr, president and chief executive officer of Dakota Drug Inc., has been re-elected as chairman of the Healthcare Distribution Management Association (HDMA). HDMA said Tuesday that Jon Giacomin, CEO of the pharmaceutical segment at Cardinal Health Inc., also has been re-elected as vice chairman. The elections were made at the sixth
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
