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Albertsons reportedly considering Sprouts merger

BY David Salazar

BOISE, Idaho — According to sources familiar with the matter, Albertsons is in discussion with Sprouts Farmers Market about a potential merger, Bloomberg reported recently.

The report notes that a potential plan could see Sprouts — a publicly traded company based in Phoenix, Ariz. — going private as an addition to Albertsons’ portfolio of banners.

Bloomberg noted that Sprouts is valued around $3 billion based on share prices from Monday, and a Jeffries Group analyst has noted that the company could draw $26 a share in a potential merger — about an 18% premium on share price at last closing.

Albertsons, which completed its Safeway acquisition in 2015, is backed partially by Cerberus Capital Management.

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Kroger vet joins Target to lead grocery business

BY Marianne Wilson
A 30-year veteran of Kroger has joined Target to head up the discounter’s struggling grocery business. 
 

Target has appointed Jeff Burt as senior VP, grocery, fresh food and beverage, effective April 10. 
 
Burt joins Target from Kroger, where he was most recently the president of the Fred Meyer division, which named Burt's successor Monday. In this role, he was responsible for the executive management of stores, fuel stations, distribution centers, manufacturing plants and 38,000 employees. During his 30-year career at Kroger, Burt held a number of leadership positions, including leading the chain’s central division, overseeing various merchandise categories, overall merchandising and operations.
 
Target has been working to turnaround its grocery business, which accounts for one-fifth of the company’s sales. The retailer has been searching for a new grocery head since Anne Dament left the company last year amid continuing grocery sales declines. 
 
Burt will report to Target’s executive VP and chief merchandising officer, Mark Tritton.
 
“After an extensive search to find a new leader to join our team, I’m confident that Jeff is the right person for the charge. His vast industry expertise will accelerate our plans to bring a unique food and beverage experience to Target guests,” said Tritton. 
 

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APhA to host blood drive at annual meeting

BY Brian Berk

WASHINGTON — The American Pharmacists Association will host its 8th Annual Blood Drive and Bone Marrow Registry at the 2017 Annual Meeting & Exposition in San Francisco March 24 to 27.

In an effort to give back to the local San Francisco community, APhA is partnering with the Blood Centers of the Pacific, which services all San Francisco hospitals and helps more than 50,000 patients each year. Blood Centers of the Pacific processes over 200,000 blood components, and distributes about 145,000 pints of blood and almost 24,000 units of platelets to more than 50 hospitals annually.

“Sixty-eight units were collected and 24 new potential bone marrow donors were registered at the last blood drive and bone marrow registry,” said Todd McDonald, APhA Director, Meeting Services. “We’re hoping to surpass those numbers at this year’s drive.”

The Blood Drive and Bone Marrow Registry is geared toward annual meeting attendees but is also open to the public.

The American Pharmacists Association The American Pharmacists Association, founded in 1852 as the American Pharmaceutical Association, is a 501 (c)(6) organization, representing more than 63,000 practicing pharmacists, pharmaceutical scientists, student pharmacists, pharmacy technicians and others interested in advancing the profession. APhA is dedicated to helping all pharmacists improve medication use and advance patient care.

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