The Health Care Learning and Action Network was formally launched at the White House last month. President Obama and Secretary of Health and Human Services Sylvia Mathews Burwell were on hand to voice their support for the project, which is intended to enlist a wide range of participants in the health care sector to help
WASHINGTON — The National Association of Chain Drug Stores joined President Barack Obama and Secretary of Health and Human Services Sylvia Burwell at the White House to launch the Health Care Payment Learning and Action Network, whose participants include Rite Aid, Walgreens and Walmart. Announced Wednesday, the Health Care Payment Learning and Action Network brings
CAMP HILL, Pa. — Rite Aid Corp. has broadened and deepened its health care footprint by agreeing to acquire pharmacy benefits manager Envision Pharmaceutical Services (EnvisionRx) for around $2 billion in cash and stock from TPG, a private investment firm. The transaction, which has been approved by the boards of directors of both companies, is
CAMP HILL, Pa. — In another sign of its financial turnaround, Rite Aid Corp. has opened its first newly built store since 2010. Rite Aid on Tuesday held a ribbon-cutting ceremony for the new 14,500-square-foot store, located at 4999 Jonestown Rd. in Harrisburg, Pa., not far from the company’s headquarters in Camp Hill, Pa. U.S.
NAPLES, Fla. — The value of business-to-business partnerships was emphasized at the National Association of Chain Drug Stores Regional Chain Conference here earlier this month. Even as their pharmacists deliver immunizations, medication therapy management and counseling, small chains can partner with other retailers and suppliers to improve care and services, Tim Weber, vice president of
The most stunning aspect of the recently held NACDS Regional Chain Conference, convened on the west coast of Florida on February 1, was the absence of many of the industry veterans around whom the conference revolved in years past. Tony Civello, until recently the head of Kerr Drug, was absent, having sold his drug chain
CAMP HILL, Pa. — Rite Aid Corp. has taken another decisive step in its drive to expand its footprint in health care, agreeing to acquire Envision Pharmaceutical Services (EnvisionRx), a full-service pharmacy benefits management company, in a cash-and-stock deal valued at about $2 billion. Rite Aid said Wednesday that it expects the acquisition of EnvisionRx, now
CAMP HILL, Pa. — Rite Aid Corp. plans to construct a new distribution center in Spartanburg, S.C., which will be the drug chain’s first new facility in 15 years. Rite Aid said Wednesday that that the 900,000-square-foot Spartanburg distribution center, a $90 million project, is slated to open in 2016 and will support the inventory
The cataclysmic changes within the chain drug retailing community, whatever their ultimate implications for America’s largest drug chains and for the industry in general, are putting the country’s regional drug chains more glaringly in the spotlight. Indeed, not only are America’s smaller drug chains more professionally managed and operated than they have yet been, they
CAMP HILL, Pa. — Rite Aid Corp. is making steady progress with its health care initiatives, including the opening of the first RediClinic health clinics in the drug chain’s stores. In a conference call last month on its fiscal 2015 third quarter earnings, chairman and chief executive officer John Standley and president and chief operating
CAMP HILL, Pa. — Rite Aid Corp. and McKesson Corp. have expanded their distribution agreement to cover a longer time frame and include both generic and brand-name drugs. The companies said Tuesday that the new five-year agreement runs to March 2019. The deal marks a second extension of Rite Aid and McKesson’s primary distribution relationship.
