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McKesson

McKesson finds buyer for divested Rexall drug stores

McKesson finds buyer for divested Rexall drug stores

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

McKesson leverages scale to deliver value

McKesson leverages scale to deliver value

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

Health Mart helps its pharmacies get an edge

Health Mart helps its pharmacies get an edge

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

Role of drug distributors more crucial than ever

Role of drug distributors more crucial than ever

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

McKesson boosts Rx tech solutions with CoverMyMeds buy

McKesson boosts Rx tech solutions with CoverMyMeds buy

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

McKesson to pay $150 million in DEA, DOJ settlement

McKesson to pay $150 million in DEA, DOJ settlement

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

McKesson Canada names Domenic Pilla as CEO

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,

Domenic Pilla tabbed as McKesson Canada CEO

Domenic Pilla tabbed as McKesson Canada CEO

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

McKesson cleared to acquire Rexall

McKesson cleared to acquire Rexall

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,

McKesson Canada taps Keays as president

MONTREAL — Sixteen-year company veteran Paula Keays has been promoted to president of McKesson Canada. Keays had been senior vice president of pharmaceutical distribution and operations. She fills the vacancy that was created by the late-summer departure of Alain Champagne, who joined sales training and development firm Optimé International as a partner and chief executive

Health Mart kicks off Town Hall tour

Health Mart kicks off Town Hall tour

SAN FRANCISCO — Health Mart has launched its fourth Town Hall CE series with events in Birmingham, Ala., and Oak Park, Ill. The educational tour is designed to help independent pharmacies better understand the shifting market dynamics in the pharmacy, health care arena and front end so they can improve the operation and performance of

Exec: Walmart took ‘new approach’ for generics sourcing

Exec: Walmart took ‘new approach’ for generics sourcing

George Riedl wasn’t at Walmart very long before he helped the retail and pharmacy giant adapt to the changing marketplace for generic drug purchasing. Upon arriving at Walmart late last year as senior vice president and president of the health and wellness business, Riedl — who spent most of his career at Walgreens — quickly

IMH expands retail reach of IBgard capsules for IBS

IMH expands retail reach of IBgard capsules for IBS

BOCA RATON, Fla. — IM HealthScience (IMH) is expanding retail distribution of its IBgard medical food capsules for irritable bowel syndrome (IBS) to independent drug stores and supermarkets nationwide. IMH said this week that IBgard is being distributed to the new retail locations through national wholesalers AmerisourceBergen and McKesson. The broader rollout builds on IBgard’s current

Health Mart gives franchisees tool to thrive

Health Mart gives franchisees tool to thrive

CHICAGO — Health Mart, which now has more than 4,700 stores nationwide, has grown by 50% over the past three years because it helps member pharmacies deliver and be recognized for top clinical performance, according to president Steve Courtman. “In addition, our innovative solutions and implementation support help members level the playing field against the