McKesson Corp.’s agreement to acquire Rexall Health from Katz Group is notable in several respects. The transaction alters the balance of power in the Canadian pharmacy market. In addition, it offers confirmation, if any were needed, of the relentless drive among major players in the sector to increase their scale and, in the process,
SAN FRANCISCO and TORONTO — McKesson Corp. plans to acquire Canadian drug store operator Rexall Health from Katz Group for $2.2 billion ($3 billion Canadian). McKesson said Wednesday that the deal will strengthen its position in Canada’s pharmaceutical supply chain and is a natural step for the two companies, which have worked together for more
SAN FRANCISCO — McKesson Patient Relationship Solutions (MPRS) is partnering with mscripts LLC on a new-to-market solution aimed at improving pharmacy customers’ medication adherence and fostering patient engagement. Available beginning in March, the solution will provide pharmacy customers with digital coupons via two-way text messaging or a mobile app. The companies said that by providing
SAN FRANCISCO — McKesson Corp. announced a new distribution pact with CVS Health for Target pharmacies in updating its earnings outlook for fiscal 2016 and providing preliminary guidance for fiscal 2017. McKesson said that for the 2016 fiscal year ending March 31, it now projects adjusted earnings per diluted share of $12.60 to $12.90, compared
SAN FRANCISCO — Through early 2016, Health Mart plans to host more than 100 Town Hall continuing education events nationwide to promote medication synchronization programs among its member pharmacies. The McKesson pharmacy franchise said Monday that the “Get in Sync: Medication Synchronization” Town Hall events will encourage pharmacists to consider an appointment-based model with med
WASHINGTON — McKesson Corp. and its Health Mart pharmacy franchise are showcasing solutions to help community pharmacies grow and fine-tune their business at the 117th Annual Convention and Trade Exposition of the National Community Pharmacists Association (NCPA). Health Mart said Friday that at the NCPA Annual Convention, which runs Oct. 10 to 14 in National
SAN FRANCISCO and BOISE, Idaho — McKesson Corp. and Albertsons Cos. announced the signing of a five-year distribution agreement to include the sourcing and distribution of both branded and generic pharmaceuticals. As part of the agreement, which goes into effect April 1, 2016, Albertsons’ network of nearly 1,700 pharmacies will benefit from McKesson’s proprietary OneStop
SAN FRANCISCO — Health Mart is launching a national radio and digital advertising campaign to attract more patients to its drug stores. The McKesson Corp. pharmacy franchise said earlier this month that the campaign will target every market with a Health Mart pharmacy — the independent pharmacy network has more than 4,000 stores in all
SAN FRANCISCO — McKesson Corp. has agreed to purchase the pharmaceutical distribution division of Dublin, Ireland-based UDG Healthcare PLC for about $466 million. The deal — which is contingent upon a vote of approval from UDG Healthcare shareholders and clearance from European Union regulators — would give McKesson distribution channels across the Republic of Ireland
McKesson’s deal to buy Ireland’s UDG Healthcare reflects the global consolidation of health care distribution, as drug wholesalers continue their drive for scale, especially in the realm of generic drugs, according to Fitch Ratings. “The UDG deal will add to McKesson’s generic purchasing power and further enhance its European pharmaceutical distribution presence, following its acquisition
SAN FRANCISCO — McKesson Corp. plans to acquire the pharmaceutical distribution division of Dublin, Ireland-based UDG Healthcare plc for about $466 million. McKesson said early Friday that under the deal it will purchase United Drug and United Drug Sangers, leading wholesale operations across the Republic of Ireland and Northern Ireland, respectively; TCP, a home health
CAMP HILL, Pa. — Rite Aid Corp. saw revenue surge in its fiscal 2016 second quarter, its first including results for recently acquired pharmacy benefit manager EnvisionRx. Rite Aid said Thursday that sales for the second quarter ended Aug. 29 totaled $7.66 billion, up 17.5% from $6.52 billion a year earlier. For the first time,
SAN FRANCISCO and BOISE, Idaho — Food and drug retailer Albertsons has signed a five-year distribution pact for the sourcing and distribution of branded and generic drugs with McKesson Corp. The companies said late Tuesday that the pharmaceutical distribution agreement will go into effect on April 1, 2016. Boise-based Albertsons operates about 1,700 pharmacies in
SAN FRANCISCO — Health Mart is launching a national radio and digital advertising campaign to attract more patients to its drug stores. The McKesson Corp. pharmacy franchise said late Monday that the campaign — targeting every market with a Health Mart pharmacy — also will include television events and advertising, as well as a refreshed
