NEW YORK — At a reception in Manhattan this month, Chain Drug Review honored the recipients of the publication’s Retailer of the Year Awards. In the spotlight before a throng of their retail peers and supplier partners were Alex Gourlay, co-chief operating officer of Walgreens Boots Alliance (WBA), who was named Retailer of the Year; Kevin
WOONSOCKET, R.I. — Shareholders of CVS Health voted overwhelmingly to approve the company’s $69 billion deal to acquire health insurer Aetna Inc. CVS said that in a special stockholders meeting on Tuesday, more than 98% of shares were voted in favor of the CVS-Aetna merger agreement, which was announced in early December. Also at a
BLOOMFIELD, Conn., and ST. LOUIS — Continuing cross-segment consolidation in the health care arena, health insurer Cigna Corp. plans to acquire pharmacy benefits manager Express Scripts in a $67 billion cash and stock deal. The companies said Thursday that, under the Cigna-Express Scripts merger agreement, Cigna will pay Express Scripts shareholders $48.75 in cash and 0.2434
NEW YORK — The U.S. health care industry has been in flux for a number of years, but the pace of transformation now appears to be accelerating rapidly. Several of the biggest players in the U.S. health care sector are making moves to confront an uncertain future — one that may bring unwelcome competition and
TORONTO — Helena Foulkes has been named chief executive officer of Hudson’s Bay Co. (HBC), an international department store and off-price retailer. The move brings to an end a 25-year career at CVS Health, where Foulkes most recently served as corporate executive vice president and president of CVS Pharmacy, the company’s retail pharmacy business. Following
WOONSOCKET, R.I. — This month, CVS Health rolled out two health programs, one focused on preventive care and the other on a chronic disease. The first was the MinuteClinic providing free heart health screenings each week throughout the month. The second was an ongoing program called Transform Rheumatoid Arthritis Care. It was introduced to help
NEW YORK — CVS Health and Walmart have been named to the 2018 Fast Company 50 Most Innovative Companies list. On this year’s 50 Most Innovative Companies listing, CVS finished in the top 10, coming in at No. 7 for “cleaning up the aisles,” Fast Company said. CVS had last made the list in 2016,
WOONSOCKET, R.I. — Beginning in April, the beauty imagery that CVS Pharmacy produces for use in its stores and in its marketing materials will not be “materially altered” digitally. The drug chain is also asking its supplier partners to participate in the initiative, which is meant promote transparency in beauty marketing. “What we’re trying to
WOONSOCKET, R.I. — Longtime CVS merchandising and beauty executive Cheryl Mahoney recently passed away after a long illness. Mahoney was with the company for more than 40 years, most recently serving as vice president of retail merchandising and promotion and business development at CVS Health. “Cheryl Mahoney was part of the CVS family for over
The announcement by CVS Pharmacy president Helena Foulkes at last month’s National Retail Federation Big Show that the retailer will adopt standards that bring a new level of transparency to the images used to promote its beauty business caused a stir in the category and triggered a long overdue discussion about the impact of such
WOONSOCKET, R.I. — Kevin Hourican, executive vice president of retail pharmacy and supply chain at CVS Health, will run the company’s retail division on an interim basis following the departure of Helena Foulkes. As the interim head of CVS Pharmacy, Hourican will report to CVS Health chief operating officer Jon Roberts, the company said Thursday.
WOONSOCKET, R.I. — Driven by growth in its pharmacy benefit management unit, and overcoming softness in its retail business, CVS Health posted increased sales and beat Wall Street’s earnings forecast for its 2017 fourth quarter and fiscal year. CVS said Thursday that for the fourth quarter ended Dec. 31, total revenue rose 5.3% to $48.39
WOONSOCKET, R.I. — CVS Health’s MinuteClinic will provide free heart health screenings each week throughout this month. Dubbed “Know Your Numbers,” the MinuteClinic heart health screenings will be offered every Wednesday in February at all MinuteClinic locations. CVS said the heart health checks are part of its support of the American Heart Association’s “Go Red For Women”
TORONTO and NEW YORK — CVS Health executive Helena Foulkes is joining department store retailer Hudson’s Bay Co. (HBC), operator of Lord & Taylor and Saks Fifth Avenue, as chief executive officer. HBC said Monday that Foulkes is slated to begin in the new role on Feb. 19. At CVS, she currently serves as a corporate
