ORLANDO, Fla. - Kroger may not be the only retail pharmacy in the hunt for divested Rite Aid stores following the proposed merger between Walgreens Boots Alliance and Rite aid, BNL Finance reported in a blog posted Thursday. In fact, they may not even be a good fit - Walmart in its move toward smaller retail footprints may be a better suitor. "However, I think the sleeping giants that no one is talking about ... are competing pharmacy benefit managers like Express Scripts Holding and Catamaran," wrote Brian Nichols, BNL Finance editor-in-chief. "All of Express Scripts and Catamaran’s competitors are getting stronger in the PBM space, with a combination of retail pharmacies, wholesale and PBM. [So] don’t be surprised if Express Scripts and Catamaran ... make a move to form a retail pharmacy business with 700 Rite Aid stores." (BNL Finance)
Walgreens and several other Chicago-area health care entities have formed a new group called the Health Care Council of Chicago, according to a Crain's report published Friday. “The biggest challenge that the Chicago-area health care community has is a lack of connectivity,” Steven Collens, CEO Matter, a healthcare incubator that helped found the organization, told Crain's. “A lot of the work we do at Matter is bringing health care executives and leaders and entrepreneurs and others who are passionate about innovation together, because that's how you create better ideas. That's how you foster innovation.” The group's inaugural meeting is Nov. 7. (Crain's)
With just weeks to go before its annual Industry Issues Summit conference — one of the most highly-anticipated, must-attend events on the drug store industry calendar — Drug Store News has announced another top-tier roster of some of the most talented and creative retail executives in the business for the annual thought-leadership/networking event.
The New York Post late Tuesday reported Kroger may be close to passing on acquiring some 650 stores that Walgreens and Rite Aid would have to sell to gain regulatory approval of their $17 billion merger, placing the deal in jeopardy. “The FTC is trying to preserve the stand-alone stores,” a source told The Post. “But Kroger might want to integrate. What happens to Rite Aids it buys that are near Krogers?” (The New York Post)
Drug Store News recently spoke with Walgreens Specialty Pharmacy group VP Gerry Gleeson about the company’s approach to specialty and the importance of a focus on patient care and pharmacist education in that space.
Walgreens' safe medication disposal program, first announced in February, is the first ongoing national effort of its kind by a retailer to combat drug abuse and will expand to two additional states, Nevada and Maryland, by early November.
The drug store industry said goodbye to two icons of the business in September. Charles R. “Cork” Walgreen III, 80, former president, CEO, chairman of the board and chairman emeritus of the company that bears his family’s name, and David Bloom, 76, the former, long-time CEO of Shoppers Drug Mart, passed away last month.
CVS Pharmacy and Walgreens both offered advice to patients in the path of Hurricane Matthew, while grocer Publix is already mobilizing relief efforts to help residents in the aftermath of the category 4 storm.