Content about Acquisition

March 8, 2013
Insurers turn to retail, urgent care clinics to keep members out of emergency rooms

Shifting patients away from hospital emergency rooms and into retail-based and urgent care walk-in clinics can significantly lower healthcare costs, improve access to care and reduce the impact of such chronic diseases as diabetes and hyperlipidemia, two health benefits experts asserted in a recent online presentation.

March 6, 2013
CRN names six new members

The Council for Responsible Nutrition announced the addition of six new members, including voting members Evolva Nutrition and NutraGenesis and associate members American Nurse Practitioner Foundation, HFL Sport Science, Intertek Cantox and Loeb & Loeb.

March 1, 2013
Hy-Vee buys stake in store-construction joint venture

Hy-Vee is taking over a construction company that builds its stores and related facilities, the supermarket chain said Friday.

February 28, 2013
Court OKs suit vs. branded firms over side effects of generic drugs

Alabama's Supreme Court ruled in January that brand-name drug companies could be sued if patients suffer complications from generic versions of their medicines, according to published reports.

February 21, 2013
Valeant buys rights to Eisai's Targretin

Valeant Pharmaceuticals has bought rights to a drug used to treat skin cancer from Eisai, the companies said Thursday.

February 14, 2013
AccentHealth acquires Everwell waiting room television network

AccentHealth announced it has purchased the Everwell waiting room television network, a division of MediVista Media.

February 14, 2013
Reports: Buffett, Lemann buy H.J. Heinz; Buffett investment group increases Costco holding

The investment groups of billionaires Warren Buffett and Jorge Paulo Lemann will buy H.J. Heinz for about $23 billion, according to published reports.

February 11, 2013
Ahold sells stake in ICA

Dutch supermarket operator Royal Ahold is selling its majority stake in a Scandinavian supermarket chain to an investors group, the company said Monday.

February 8, 2013
Rx-to-OTC switches could be boon as FDA looks at switch paradigm

A new report by Francesco International identified $35.7 billion worth of potential Rx-to-OTC switches in a wide range of indications, from hypertension and chronic obstructive pulmonary disorder to high cholesterol and erectile dysfunction, and the Food and Drug Administration has been looking at ways technology and pharmacists could be employed to ensure that patients taking drugs new to the consumer health space take them appropriately.

With growth in traditional pharmaceuticals expected to slow down significantly, a growing number of drug makers — branded and generic alike — see specialty drugs as their main sources of revenue for the foreseeable future. At the same time, those drug makers not invested in specialty may be looking for growth opportunities in consumer health.

February 7, 2013
Patriarch Partners names CEO to lead Jane Cosmetics, Stila Cosmetics

Patriarch Partners has announced Lynn Tilton, Patriarch’s founder and CEO, will assume the role of CEO for portfolio companies Stila Cosmetics and Jane Cosmetics, effective immediately.

February 6, 2013
FDA approves Elite Pharmaceuticals' opioid painkiller

The Food and Drug Administration has approved a regulatory approval application from Elite Pharmaceuticals for an opioid painkiller, the drug maker said Wednesday.

February 5, 2013
Reports: Costco food courts to switch to Pepsi

Costco will replace Coke with Pepsi at its in-store lunch counters, according to published reports.

February 1, 2013
Perrigo acquires Velcera pet care company

Leading private-label supplier Perrigo has acquired pet health company Velcera for $160 million.

January 28, 2013
Amneal, South Korea-based Hanmi enter GERD drug deal

U.S. generic drug maker Amneal Pharmaceuticals has entered a deal with South Korean drug maker Hanmi Pharmaceutical to acquire exclusive distribution rights for a Hanmi drug used for treating gastroesophageal reflux disease, Amneal said Monday.

January 18, 2013
AIDS Healthcare Foundation to rebrand MOMS Pharmacy

The AIDS Healthcare Foundation is rebranding a chain of specialty pharmacies it recently bought.

January 15, 2013
Hong Kong's Li & Fung acquires Lornamead

Hong Kong-based Li & Fung — a multinational consumer goods sourcing, distribution and logistics group — has acquired Lornamead for about $190 million.

January 15, 2013
Reports: Alabama man can sue branded drug makers over generic drug side effects

The state supreme court in Alabama ruled that brand-name drug companies could be sued if patients suffer complications from generic versions of their medicines, according to published reports.

January 15, 2013
Wellness surge, regulations create healthy growth

Interest in vitamins, minerals and supplements as a viable consumer product with strong profit-bearing potential has got to be at an all-time high right now, judging from the number of merger and acquisition deals scrolling across the latest finance news feeds.

January 10, 2013
Supervalu sells 877 stores, reuniting Albertsons under one operator

In a move that will reunite all Albertsons stores under one operator, Supervalu on Thursday morning announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion.

January 9, 2013
Following challenging 2012, Walgreens looks to expand pharmacy role in 2013 and beyond

"2012 was definitely an important year for Walgreens," Greg Wasson, Walgreens president and CEO, told shareholders here Wednesday afternoon at the chain's annual shareholder meeting. "We did make some tough choices to protect and solidify … our position for the long term," he said. "[But] our vision is crystal clear to become the first choice for health and daily living in America."

January 9, 2013
P&G announces changes to its board of directors

Procter & Gamble has announced that current P&G director Johnathan Rodgers has decided not to seek re-election at P&G’s annual shareholder meeting in October 2013, choosing to retire from the board at that time.

January 7, 2013
Athenahealth to acquire mobile health app provider

A company that provides cloud-based electronic health record, practice management and care-coordination services is buying a developer of point-of-care mobile health applications for physicians.

January 4, 2013
Hormel acquires iconic Skippy peanut butter line

Hormel Foods announced it has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever United States, of Englewood Cliffs, N.J.

December 28, 2012
Watson confirms Velcade patent challenge

Watson Pharmaceuticals on Friday confirmed that Actavis, which was acquired by Watson in October, has filed an abbreviated new drug applications with the Food and Drug Administration seeking approval to market bortezomib, a generic version of Millennium Pharmaceuticals' Velcade.

December 20, 2012
Watson donates medicines to help Hurricane Sandy relief efforts

Actavis has donated $200,000 worth of medicines to help people affected by Hurricane Sandy, a charity organization said Thursday.

© 2013 Drug Store News. All Rights Reserved.