Lupin 2024

Rite Aid

Rite Aid buys HealthSpot telehealth assets

Rite Aid buys HealthSpot telehealth assets

CAMP HILL, Pa. — Rite Aid Corp. is purchasing the assets and intellectual property of bankrupt telehealth kiosk provider HealthSpot. A Rite Aid spokeswoman confirmed Tuesday that the company won an auction this week for the HealthSpot assets with a $1.15 million bid. “We are happy to obtain the assets, as we very much believe

IMH’s IBgard rolls out to Rite Aid stores

IMH’s IBgard rolls out to Rite Aid stores

BOCA RATON, Fla. — IM HealthScience (IMH) has expanded availability of its IBgard medical food for irritable bowel syndrome (IBS) to Rite Aid drug stores nationwide. IMH said that Rite Aid stores will stock IBgard in 12-capsule and 48-capsule boxes. The move builds on the product’s retail distribution in the digestive products aisle at most

Pharmacy players rise in Fortune 500

Pharmacy players rise in Fortune 500

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

Grand opening: Rite Aid’s new DC in S.C.

Grand opening: Rite Aid’s new DC in S.C.

This week, Rite Aid marked the opening its first new distribution center in 16 years, located in Spartanburg, S.C. The 900,000-square-foot facility, located on a 97-acre site at 789 Flatwood Industrial Dr. in Spartanburg, near Interstate 85 between Highways 9 and 221, will support over 1,000 Rite Aid stores in the Southeast. Besides state-of-the-art warehouse

Rite Aid opens first new DC in 16 years

Rite Aid opens first new DC in 16 years

SPARTANBURG, S.C. — Rite Aid Corp. has opened a new distribution center here, the company’s first new distribution center in 16 years. The 900,000-square-foot Spartanburg distribution center sits on 97 acres and is located near Interstate 85 between Highways 9 and 221. Rite Aid had announced plans to build the new facility early last year.

WBA makes $6 billion debt offering

WBA makes $6 billion debt offering

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has announced a $6 billion debt offering to help finance its $17.2 billion deal to acquire Rite Aid Corp. WBA said late Thursday that it expects the underwritten public offering of unsecured, unsubordinated notes to close on June 1, pending customary closing conditions. The company reported that

McKesson-Walmart deal creates ‘intriguing alignment,’ expert says

McKesson-Walmart deal creates ‘intriguing alignment,’ expert says

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

McKesson, Walmart expand Rx distribution pact

McKesson, Walmart expand Rx distribution pact

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

Top pharmacy staffers recognized by Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. recently announced the two winners of the 2015 Vote for Your Favorite Pharmacy Team Member Contest. Sharon Balser, a Rite Aid pharmacy technician from Milford, Mich., and Theresa Forrest, a loyal Rite Aid customer from Gwynn Oak, Md., were selected at random from more than 11,000 unique entries.

Technology enables retailers to keep up with customers

Technology enables retailers to keep up with customers

Drug stores are an integral part of daily life for many consumers, who embrace them as a one-stop shop to pick up essentials, grab a snack and refill a prescription on the go. Even as the drug store channel has consolidated in recent years, these retailers have not been slack in coming up with ways

Rite Aid announces Favorite Pharmacy Team Member

Rite Aid announces Favorite Pharmacy Team Member

CAMP HILL, Pa. — Rite Aid Corp. has named the winners of its 2015 Vote for Your Favorite Pharmacy Team Member Contest. The drug chain said Tuesday that Sharon Balser, a Rite Aid pharmacy technician in Milford, Mich., and Theresa Forrest, a Rite Aid customer in Gwynn Oak, Md., were selected at random from more

Boehner in spotlight at NACDS Annual Meeting

Boehner in spotlight at NACDS Annual Meeting

Former Speaker of the U.S. House of Representatives, John Boehner, held the spotlight on Sunday at the 2016 NACDS Annual Meeting in Palm Beach, Fla. Boehner delivered his keynote address during the morning Business Program, which also featured Jack Bailey, president of U.S. pharmaceuticals for GlaxoSmithKline, as well as NACDS chairman Randy Edeker and NACDS

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