Walgreens on Wednesday sold its pharmacy benefit management business, Walgreens Health Initiatives, to Catalyst Health Solutions in a cash transaction for $525 million, subject to certain adjustments. The transaction is structured as an acquisition of all of the capital stock of WHI.

Cheryl Pegus, chief medical officer at Walgreens, will make a presentation during the 11th annual Population Health and Care Coordination Colloquium in Philadelphia next week.

Walgreens on Friday joined the Care Continuum Alliance, an alliance of more than 200 stakeholders providing services across the continuum of care — from wellness and prevention to chronic condition management and complex care management.

Walmart said Thursday that it is increasing its annual dividend 21% on the back of strong earnings.

February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores.

February sales at Rite Aid increased 1% over the prior-year period, while the chain's front-end and pharmacy same-store sales increased 1.1% and 0.9%, respectively.

Walgreens' latest mobile features have gained momentum among its pharmacy customers.

CVS Caremark has inked a three-year agreement with ActiveHealth Management, an independent subsidiary of Aetna, under which CVS Caremark will apply the evidence-based, clinical intelligence of the ActiveHealth CareEngine to healthcare claims for its PBM customers to identify opportunities for improved pharmacy care.

Apna International has launched at Target a new fragrance collection called Tattooed By Inky, which features fragrances for both men and women.

Walgreens said its pharmacies are prepared to compound Tamiflu capsules into liquid form as the Centers for Disease Control and Prevention reported widespread flu activity in the United States.

After providing its products to Rite Aid customers through a co-branded store format for more than a decade, GNC is making its foray into the warehouse club for the first time by offering select private-label products at Sam's Club locations.