MONTREAL — Startup Canadian drug chain Rx Drug Mart Inc. has obtained financing to fuel its growth strategy. BDC Capital said Monday that it has closed a $10 million minority equity investment in Toronto-based Rx Drug Mart (RxDM), alongside Persistence Capital Partners (PCP) and RxDM’s other existing shareholders. The equity investment finances RxDM’s acquisition of
NEW ORLEANS — McKesson Corp. has kicked off ideaShare 2017, its annual forum for community pharmacists nationwide to help sharpen their health care capabilities and growth their businesses. Running through Sat. July 15, the McKesson ideaShare 2017 gives pharmacy industry attendees access to industry thought leaders, pharmacy programs and solutions, continuing education courses, and networking
MOON TOWNSHIP, Pa. — McKesson Pharmacy Systems (MPS) has integrated medication synchronization and mobile delivery functionality into its pharmacy management systems, including EnterpriseRx, PharmacyRx and Pharmaserv. MPS said Monday that pharmacies implementing the enhancements in their McKesson pharmacy management system can improve patient medication adherence and measurement, as well as hone pharmacy workflow and provide
NEW ORLEANS — A Health Mart in Oregon has been honored as the 2017 Pharmacy of the Year by McKesson Corp. Nicole Winnen, the owner of Mac Prescription Shop, a Health Mart pharmacy in McMinnville, Ore., is slated to receive the award at a special ceremony on July 13 during the opening general session at
ST. LAURENT, Quebec — McKesson Corp. is selling 27 Rexall drug stores to Rx Drug Mart under a consent agreement with the Competition Bureau of Canada for its $2.2 billion (Canadian) acquisition of Rexall Health. The Competition Bureau said last month that it has approved Rx Drug Mart, a Toronto-based independent pharmacy network, as the
OTTAWA — McKesson Corp. is selling 27 Rexall drug stores to Rx Drug Mart Inc. under a consent agreement with the Competition Bureau of Canada for its $2.2 billion acquisition of Rexall Health. The Competition Bureau said Friday that it has approved Rx Drug Mart, a Toronto-based independent pharmacy network, as the buyer of the
Members of McKesson Corp.’s senior management know what it takes to be a major player in the global health care marketplace, and they are moving decisively to ensure that going forward the company remains a dominant force in the sector. McKesson in recent years has made a number of strategic acquisitions that deepen and extend
SAN FRANCISCO — Health Mart’s Pathway to Better Pharmacy Performance and Profit is helping its more than 4,800 stores shift clinical pharmacy operations and performance to improve their financials and grow their business, says president Steve Courtman. Introduced at last year’s McKesson ideaShare meeting in Chicago, the Health Mart Pathway provides a step-by-step road map to
Changes in the nation’s health care system have made pharmaceutical distributors more important than ever. Large pharmacy operators have strengthened their alliances with the Big Three Wholesalers to maximize purchasing power, augment operational efficiency and work through such challenges as implementation of new federal regulations to ensure a secure supply chain. The role of drug
SAN FRANCISCO — McKesson Corp. is bolstering its pharmacy technology services with its $1.1 billion deal to acquire CoverMyMeds LLC from private equity firm Francisco Partners. Columbus, Ohio-based CoverMyMeds provides the nation’s largest electronic prior authorization (ePA) platform for medications. The company said its software suite automates the drug prior authorization process for more than
SAN FRANCISCO — McKesson Corp. has agreed to pay $150 million in a settlement with the Drug Enforcement Administration (DEA) and Department of Justice (DOJ) involving its monitoring and reporting of suspicious controlled substance orders. McKesson said late Tuesday that under the administrative and civil settlements the DEA will suspend the company’s DEA registrations to
TORONTO — Domenic Pilla has been appointed chief executive officer of McKesson Canada. Pilla now guides Canada’s largest distributor of pharmaceuticals and medical supplies and oversees the integration of Rexall Health, which McKesson Canada acquired in late December. McKesson Canada picked up about 470 retail pharmacies in the Rexall deal. Pilla reports to Paul Julian,
SAN FRANCISCO and TORONTO — McKesson Corp. has closed its $2.1 billion (U.S.) acquisition of Canadian drug chain Rexall Health and hired Domenic Pilla as chief executive officer of McKesson Canada. McKesson said late Wednesday that Pilla is slated to take the reins as McKesson Canada CEO on Jan. 3. In the role, he will
SAN FRANCISCO — McKesson Corp. has been given the green light from the Competition Bureau of Canada to finalize its $2.2 billion acquisition of drug chain Rexall Health. McKesson said Wednesday that under the consent agreement it signed with the bureau, it must sell a total of 26 Rexall drug stores in Alberta, British Columbia,
