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
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
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
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
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
CHICAGO — In the opening general session of McKesson ideaShare 2016 in Chicago, Chris Dimos, McKesson’s senior vice president for corporate strategy and business development, highlighted four major forces impacting the health care provided by independent pharmacies. These forces — generics scale; consolidation and integration; product mix shift; and reimbursement, performance and access— are shaping
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
McKesson Corp. is exploring a potential separation of its McKesson Technology Solutions business, according to the Wall Street Journal. The Journal report, citing anonymous sources at the drug distribution giant, said options for the McKesson Technology Solutions unit might involve a sale or a merger. McKesson Technology Solutions’ sales declined 5% year over year to
BENTONVILLE, Ark. — Walmart has become the latest retailer to ally with a pharmaceutical distributor for generic drug sourcing. The mass merchandiser’s partnership with McKesson Corp. includes an expanded long-term distribution pact and will add scale and value for both companies, they said. The agreement positions Walmart and McKesson to compete with partnerships between Walgreens
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
SAN FRANCISCO — Health Mart has spurred its rapid growth by helping to level the competitive playing field for its member pharmacies with innovative programs and tools, according to president Steve Courtman. The McKesson Corp. pharmacy franchise, now with 4,610 locally owned pharmacies in all 50 states, has seen its ranks swell by more than
McKesson is laying off 1,600 employees, or 4% of its U.S. workforce, in the wake of losing some key clients, Bloomberg reported late Wednesday. The nation’s largest pharmaceutical distributor, McKesson started informing staff about the cuts in the middle of this month after having done a strategic review in January, according to Bloomberg. Of late,
TORONTO — McKesson Corp.’s $2.2 billion deal to acquire Rexall Health from Katz Group will strengthen the drug distributor’s position in Canada’s pharmaceutical supply chain. McKesson said the agreement is a natural next step for two companies that have worked together for over 20 years. In 2012, McKesson bought Katz’s 1,100-store banner operation covering I.D.A.,
