Content about Pharmacy

April 10, 2014

In the wake of acquiring Houston-based RediClinic, Rite Aid on Thursday reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales.

Camp Hill, Pa. — In the wake of acquiring Houston-based RediClinic, Rite Aid on Thursday reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales. For the full year, Rite Aid reported $25.5 billion in revenues, up 0.5%.

March 18, 2014

CVS/pharmacy now provides ScripTalk talking prescription labels for prescriptions ordered for home delivery through its online pharmacy, CVS.com.

Woonsocket, R.I. -- CVS/pharmacy now provides ScripTalk talking prescription labels for prescriptions ordered for home delivery through its online pharmacy, CVS.com. The ScripTalk labels provide a way to access information on prescription labels for individuals who cannot read standard print.

The ScripTalk labels are free to CVS.com pharmacy customers who are blind or visually impaired. Customers can also obtain a free ScripTalk reader from Envision America that will enable them to listen to the information on the ScripTalk label.

March 10, 2014

Rite Aid introduced a new program, dubbed Rite Aid Health Alliance, which is a health management collaboration among various healthcare providers that provides comprehensive care and support to individuals with chronic and poly-chronic health conditions and helps them achieve health improvement goals established by their physicians.

CAMP HILL, Pa. — Rite Aid introduced on Monday a new program, dubbed Rite Aid Health Alliance, which is a health management collaboration among various healthcare providers that provides comprehensive care and support to individuals with chronic and poly-chronic health conditions and helps them achieve health improvement goals established by their physicians.

March 5, 2014

MinuteClinic, the retail health care division of CVS Caremark and Main Line Health have signed a clinical collaboration to enhance access to healthcare services at MinuteClinic walk-in medical clinics inside select CVS/pharmacy stores in Southeastern Pennsylvania.

Woonsocket, R.I. - MinuteClinic, the retail health care division of CVS Caremark and Main Line Health have signed a clinical collaboration to enhance access to healthcare services at MinuteClinic walk-in medical clinics inside select CVS/pharmacy stores in Southeastern Pennsylvania.

February 5, 2014

The Ector County Hospital District board of directors approved an outpatient pharmacy agreement with H-E-B that will bring a full-service pharmacy to Medical Center Hospital’s campus sometime this year, according to a report published by Odessa American.

ODESSA, Texas — The Ector County Hospital District board of directors on Tuesday approved an outpatient pharmacy agreement with H-E-B that will bring a full-service pharmacy to Medical Center Hospital’s campus sometime this year, according to a report published by Odessa American

February 5, 2014

Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving Pharmaca in pursuit of an opportunity at Sears Holding Company, according to Drug Store News.

BOULDER, Colo. — Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving Pharmaca in pursuit of an opportunity at Sears Holding Company, DSN has learned.

Panzer will be in charge of pharmacy operations at Sears Holding and will direct the health and wellness initiatives across K-Mart pharmacy as SVP and president pharmacy.

December 18, 2013

CVS is basing its enterprise growth strategy on succeeding in the evolving pharmacy benefit management marketplace, capitalizing on the specialty pharmacy opportunity, driving retail growth through personalization, unlocking adherence through pharmacy excellence and expanding MinuteClinics.

Woonsocket, R.I. – CVS is basing its enterprise growth strategy on succeeding in the evolving pharmacy benefit management marketplace, capitalizing on the specialty pharmacy opportunity, driving retail growth through personalization, unlocking adherence through pharmacy excellence and expanding MinuteClinics.

November 25, 2013

CVS Caremark named Helena Foulkes as president of CVS/pharmacy, effective Jan. 1.

Woonsocket, R.I. -- CVS Caremark named Helena Foulkes as president of CVS/pharmacy, effective Jan. 1. She succeeds Mark Cosby, who is stepping down on Dec. 31.

Cosby has led the company’s retail business since October 2011, including its more than 7,600 retail stores, 19 distribution centers and retail merchandising, supply chain, marketing, real estate, front store and pharmacy operations.

November 8, 2013

Walgreen Co. has completed its acquisition of certain assets of Kerr Drug’s retail drugstores and specialty pharmacy business.

Deerfield, Ill. – Walgreen Co. has completed its acquisition of certain assets of Kerr Drug’s retail drugstores and specialty pharmacy business. Financial terms of the agreement were not disclosed.

September 18, 2013

Publix Pharmacy is North America’s favorite based on customer satisfaction, according to a new study of 3,600 consumers conducted by customer intelligence solutions provider Market Force Information.

Boulder, Col. -- Publix Pharmacy is North America’s favorite based on customer satisfaction, according to a new study of 3,600 consumers conducted by customer intelligence solutions provider Market Force Information. Target was a close second and Kroger ranked third. All three received high marks in operational attributes such as service, cleanliness, atmosphere and checkout times.

Walgreens and CVS/pharmacy ranked the highest when those consumers were asked to name their pharmacy chain, with 18% identifying Walgreens and 17% CVS.  

September 4, 2013

Rite Aid Corp. has promoted Tammy Royer, a long-time member of Rite Aid’s pharmacy division, to group VP of managed care.

Camp Hill, Pa. – Rite Aid Corp. has promoted Tammy Royer, a long-time member of Rite Aid’s pharmacy division, to group VP of managed care. In her new role, Royer will oversee all aspects of managed care, including contracting, maintaining relationships with managed care organizations, pharmacy benefit managers and third-party payers and developing new strategic partnerships.

August 26, 2013

CVS Caremark is evaluating data on prescriptions filled at CVS/pharmacy to identify providers with extreme patterns of prescribing high-risk drugs.

Woonsocket, R.I. – CVS Caremark is evaluating data on prescriptions filled at CVS/pharmacy to identify providers with extreme patterns of prescribing high-risk drugs. Providers who cannot offer a reasonable explanation for these patterns have their controlled substance dispensing operations suspended.

August 8, 2013

CVS is launching a new online Drug Information Center on CVS.com.

Woonsocket, R.I. – CVS is launching a new online Drug Information Center on CVS.com. This new resource was developed to help consumers take control of their health by providing them with best-in-class drug information and a variety of innovative resources.

July 1, 2013

CVS is adding a feature to its mobile app that allows customers to check for potential drug interactions by comparing over-the-counter medications they buy with existing over-the-counter and prescription medications they already take.

Woonsocket, R.I. – CVS is adding a feature to its mobile app that allows customers to check for potential drug interactions by comparing over-the-counter medications they buy with existing over-the-counter and prescription medications they already take. Customers can enter the name or scan the UPC barcode of drugs and have the app’s drug interaction checker automatically compare available product details against medications in their secure personal pharmacy histories.

June 27, 2013

The Food and Drug Administration (FDA) has partnered with other international regulatory and law enforcement agencies to take action against more than 9,600 illegal online pharmacies this week.

Washington, D.C. – The Food and Drug Administration (FDA) has partnered with other international regulatory and law enforcement agencies to take action against more than 9,600 illegal online pharmacies this week. The pharmacies were illegally selling unapproved prescription medications to consumers and actions ranged from warnings to website seizures to the confiscation of more than $40 million worth of unauthorized medications.

February 1, 2013

Walgreens promoted Joseph Magnacca to EVP from SVP, effective immediately.

Deerfield, Ill. — Walgreens on Friday promoted Joseph Magnacca to EVP from SVP, effective immediately. Magnacca also retains his title as president of daily living products and solutions.

December 14, 2012

CVS/pharmacy and Medicine Chest Pharmacy announced Friday that CVS will acquire 19 Medicine Chest drug stores in Texas during the last weekend of December.

Woonsocket, R.I. -- CVS/pharmacy and Medicine Chest Pharmacy announced Friday that CVS will acquire 19 Medicine Chest drug stores in Texas during the last weekend of December.

CVS/pharmacy will operate nine of the acquired locations and relocate 10 other Medicine Chest pharmacies into nearby existing CVS/pharmacy locations. Medicine Chest will continue to operate its remaining 10 locations.

December 6, 2012

As expected, Hurricane Sandy left its mark on Rite Aid's monthly sales as the chain reported a decline in comps for November.

Camp Hill, Pa. — As expected, Hurricane Sandy left its mark on Rite Aid's monthly sales as the chain reported a decline in comps for November.

The company said the 3% decrease in same-store sales for the five-week period ended Saturday included a 0.5% decrease in front-end comps and a 4.2% decrease in pharmacy comps, while same-store prescription count increased 2.2% compared with the same time last year.

November 30, 2012

Walgreens on Saturday officially opened its 8,000th store nationwide and its first flagship on the West Coast.

Deerfield, Ill.  -- Walgreens on Saturday will officially open its 8,000th store nationwide and its first flagship on the West Coast. The store, located in Los Angeles at the iconic corner of Sunset and Vine, features an extensive collection of innovative offerings, products and services, many of which are not standard fare.

November 21, 2012

Walgreens unveiled its newest Chicago flagship, in the historic Noel State Bank building in the city’s Bucktown/Wicker Park neighborhood.

Deerfield, Ill.  -- Walgreens unveiled its newest Chicago flagship, in the historic Noel State Bank building in the city’s Bucktown/Wicker Park neighborhood (click here to see photos). This is the chain’s second flagship in Chicago and, like its downtown State and Randolph flagship location, features an extensive collection of innovative offerings, products and services unexpected from a drugstore.

November 8, 2012

CVS/pharmacy expanded the role of two retail field executives as senior VP operations Dennis Palmer, a 37-year retail veteran, announced his retirement.

Woonsocket, R.I. — CVS/pharmacy on Thursday expanded the role of two retail field executives as senior VP operations Dennis Palmer, a 37-year retail veteran, announced his retirement.

Effective Nov. 5, Hanley Wheeler, SVP operations has assumed responsibility of CVS/pharmacy’s Western and Southwestern markets while continuing to have responsibility for the company’s retail operations in its Midwest and Southeast markets.

October 30, 2012

Walgreens said Tuesday it has formally set up a new company, jointly owned with Alliance Boots, as part of the strategic partnership’s synergy program.

Deerfield, Ill. -- Walgreens said Tuesday it has formally set up a new company, jointly owned with Alliance Boots, as part of the strategic partnership’s synergy program.

The new company, called Walgreens Boots Alliance Development GmbH, is based in Bern, Switzerland.

September 18, 2012

Walgreens announced several senior-management shifts intended to capitalize on its new partnership with Swiss drugstore chain Alliance Boots.

Deerfield, Ill. -- Walgreens announced Tuesday several senior-management shifts intended to capitalize on its new partnership with Swiss drugstore chain Alliance Boots.

CFO Wade Miquelon is assuming an expanded and global leadership role at Walgreens as executive VP/CFO and president, international, leading a newly named Value Creation Services and International Division.

September 17, 2012

Swiss drugstore chain Alliance Boots said it has acquired a 12% stake in Chinese pharmaceutical wholesaler Nanjing Pharmaceutical Co. for $88.5 million.

Zug, Switzerland -- Swiss drugstore chain Alliance Boots said Monday it has acquired a 12% stake in Chinese pharmaceutical wholesaler Nanjing Pharmaceutical Co. for $88.5 million.

The deal follows Walgreen Co.’s $7 billion investment in Alliance Boots in a move to expand into China.

Alliance Boots runs the largest drugstore chain in the United Kingdom.

Walgreen’s initial plan is to acquire about 45% of Alliance Boots with an option to buy the rest of the company in three years.

 

August 15, 2012

Regional player Kinney Drugs has snapped up four independent pharmacies located in central New York and Vermont, bringing its total store count to 94.

Gouverneur, N.Y. -- Regional player Kinney Drugs has snapped up four independent pharmacies located in central New York and Vermont, bringing its total store count to 94.

Financial terms of the deal were not disclosed.