Walgreens Boots Alliance and Theranos have tentatively reached accord on a $30 million agreement, according to a story published Wednesday in The Wall Street Journal. Walgreens had been seeking $140 million as part of a breach of contract suit in an attempt to recover the cost of its investment. According to reports, Theranos recently told investors it had about $54 million in cash left to settle suits, down from $187 million in January. (The Wall Street Journal)
In the Goldman Sachs/Condé Nast 2017 Love List: Food, among places people shop for food, Wal-Mart topped the list for millennial food enthusiasts surveyed, and Target came in second place among millennials. The top drug chain was CVS, which came in eighth among millennial food enthusiasts, followed by Walgreens at 10.
With president and CEO Ian McLeod set to depart the company for another opportunity, Southeastern Grocers has named a longtime grocery veteran from within the company to take his place as the company searches for a replacement.
The move makes Oregon the 14th state to pass a law banning dextromethorphan sales to patients younger than 18 years old, joining states across the country in recognizing that limiting teen access to DXM is a proven way to prevent abuse, the Consumer Healthcare Products Association said.
Kroger has acquired 11 Marsh Supermarket locations at a pricetag of $16 million, winning a bid to buy those stores in Indiana through federal bankruptcy court, Cincinnati Business Courier reported Wednesday. The deal is scheduled to close between July 11 and July 21, according to the sale agreement filed in bankruptcy court, the Courier reported. Fresh Encounter won a bid to buy the 15 other Marsh stores that were auctioned Tuesday at a total cost of $8 million. (Cincinnati Buisness Courier)
In January of this year, Florida Hospital and Walgreens announced a retail health clinic and pharmacy collaboration focused on delivering more coordinated care and providing greater access to patients.
Probiotics are one of the better-selling categories within the VMS space, with more consumers researching probiotics online and coming to the store with a specific brand in mind, according to i-Health market intelligence.
The Vitamin Shoppe for the past year has been steadily redefining the brick-and-mortar experience for natural health shoppers via its latest store prototype, the Brand Defining Store, attracting three times the number of first-time customers through its doors.
At the POLITICO Pro Health Care Briefing on Medicaid as a Driver of Care Innovation in the States, CVS Health chief policy and external affairs officer Tom Moriarty highlighted the role that pharmacists can play in helping reach patients with chronic conditions and improve their adherence through personalized interactions and how accessible care through retail clinics can reduce healthcare costs.