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Booyah! Buy! Buy! Buy! Jim Cramer gets bullish on WAG

BY Michael Johnsen

NEW YORK — Jim Cramer on Thursday shared his bullishness on Walgreens’ stock with viewers of his "Mad Money" investment advice program on CNBC during a discussion and personal tour of Walgreens’ new flagship location smack in the middle of the money-makers on Wall Street. Cramer’s not just a fan of Walgreens stock — he visits that new Duane Reade/Walgreens prototype two to three times per week. That makes it his personal neighborhood drug store.

"Part of my routine … is to come down to Wall Street every single morning, do my show here," Cramer said after introducing Walgreens president and CEO Greg Wasson during an on-location interview for his show. "I walk by this store, I was blown away and I realized you are reinventing the drug store format."

"What you’re seeing here is a true transformation from what we call the traditional retail drug store to a retail health and daily living destination," Wasson responded. The new format features the best Walgreens has to offer in terms of on-site health care. "We’re extending the scope of services that our pharmacists offer, but we’re also co-locating doctors on premise and nurse practitioners on premise to extend the services that we can offer in community pharmacies," he added. Such services as on-demand immunizations and on-site acute care. "We’re beginning to look at where health care’s going, and you’re actually going to see healthcare reform in action back here," Wasson told Cramer, motioning toward the pharmacy. "We’re improving access, quality of care and lowering costs across the country with this kind of a concept."

Wasson also shared with Cramer the other important touchpoints Walgreens has with its consumers, such as its multichannel outreach through Walgreens.com and drugstore.com, and with its commitment to establish fresh and healthy food destinations in urban food deserts — where fresh food is not conveniently available to local communities. Other points of interest: Wasson assured Cramer that the Duane Reade Doctor on Premise was a profit and revenue stream, not just a loss-leading traffic driver. And Walgreens has been super successful with its "Up Market" department specifically catering to the local community, in this case Wall Street.

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A.Hans says:
Mar-18-2013 05:52 am

I should have traveled because I helps me think a lot especially the adventure travel. palawan tours

R.HAMMERLE says:
Jun-25-2012 10:41 am

If Walgreens does more to connect its doctor on the premises office than it has done with its nurse practitioner on the premises clinic it will be more than a loss leader. Otherwise, it will not. Ron Hammerle, Chairman and CEO Health Resources, Ltd. Tampa, Florida

j.watkinson says:
Apr-26-2012 06:50 am

That's a excellent news which Wasson has shared with us, as Walgreens has it's multichannel outreach through Walgreens.com and drugstore.com. Now local people will get relaxed because they will get a good service.

jack1000 says:
Apr-04-2012 11:09 pm

Jim is definitely so right on this. Walgreens is one of the best drug stores out there. Their sales are going through the roof. The stock is such a great investment.

D.Johansen says:
Mar-03-2012 01:53 am

Most do not know that Walgreens has with its consumers, such as its multichannel outreach through Walgreens.com and drugstore.com, and with its commitment to establish fresh and healthy food destinations in urban food deserts — where fresh food is not conveniently available to local communities. Other points of interest: Wasson assured Cramer that the Duane Reade Doctor on Premise was a profit and revenue stream, not just a loss-leading traffic driver.

Danniel Cruz says:
Feb-29-2012 01:02 am

Really Jim Cramer has a lot of experience in the stock market. I always try to go on his steps. I din't knew about the Walgreen's stock until I heard Jim Cramer talking about it. He is a wise adviser.

h.nelson says:
Feb-03-2012 12:33 am

I think hardly any people knew about it, it will surely be helpful to others i think so due to this the traditional retail drug store to a retail health and daily living destination will have a rise in the market.

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Scrubbing Bubbles hands-free toilet bowl cleaner comes to market

BY Allison Cerra

RACINE, Wis. — SC Johnson is enhancing its Scrubbing Bubbles line with an easy-to-use toilet bowl cleaner.

New one step toilet bowl cleaner is a foot activated, hands-free toilet cleaner that helps keep the toilet clean for 30 days, SC Johnson said. To assure it toilets stay clean, it is recommended that consumers use the product twice a day.

The suggested retail price for the easy-to-use Scrubbing Bubbles one step toilet bowl cleaner is $9.99 for the starter kit and $3.99 for each refill.

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Walgreens’ Pegus discusses role of pharmacist, clinics at Care Continuum Alliance Forum

BY Antoinette Alexander

DEERFIELD, Ill. — "The axis of the healthcare system is shifting toward more accessible and collaborative models,” and both pharmacists and nurse practitioners are “well-positioned to have a substantial impact in a post-reform environment.” That was a key message that Walgreens chief medical officer Cheryl Pegus had for attendees of Forum 11, the annual meeting of the Care Continuum Alliance in San Francisco on Friday.

Pegus’ session, titled “Leveraging Community Pharmacists and Convenient Care Clinics in an ACA World,” examined in particular the benefits pharmacies and nurse practitioners can have for the healthcare system as collaboration and delivering measurable outcomes become even more important under the Accountable Care Act, a provision of healthcare reform.

“There is a mounting body of evidence that the role of pharmacists and nurse practitioners within the convenient care model is evolving, and that they are particularly well-positioned to have a substantial impact in a post-reform environment where the dual points of focus are on delivering measurable clinical outcomes while reducing costs,” Pegus said. “At Walgreens, we are seeing every day at our community pharmacies, Take Care Clinics and worksite clinics that the axis of the healthcare system is shifting toward more accessible and collaborative models. With our broad geographic scope and growing depth of clinical services, we are uniquely positioned to help deliver these solutions for both patients and payers.”

Pegus outlined key cost drivers currently facing the system, including medication nonadherence, unnecessary hospital readmissions, aging and chronic illness, and the growing primary care physician shortage. She then offered examples of the value that pharmacists and convenient care clinics can provide in addressing these cost drivers, including studies demonstrating the increasing willingness of patients, employers and managed care plans to embrace these alternative care providers and the role they can fill within Accountable Care Organizations.

Pegus also cited peer-reviewed outcomes data from a number of recent studies illustrating specific examples of pharmacist and NP interactions driving positive clinical and financial outcomes across a number of conditions and settings. 

In concluding the presentation, Pegus discussed a number of recent collaboration agreements that Walgreens has formed with health systems across the United States, including Northwestern Memorial Physicians Group in Illinois, Ochsner Health System in Louisiana, Memorial Health in Florida and LSU health sciences center and healthcare network in Louisiana. These alliances will aim to increase provider collaboration on behalf of patients while improving access to quality care, ultimately contributing to the core ACO goals of better outcomes at lower costs.

The presentation follows Walgreens joining the Care Continuum Alliance in March 2011, and Pegus joining the organization’s board following a member vote at this week’s annual meeting. The alliance represents more than 200 organizations and individuals providing services across the continuum of health care, from wellness and prevention to chronic condition management and complex care management. Through advocacy, research and education, the association promotes evidence-based strategies to improve healthcare outcomes and reduce avoidable care costs.

"Walgreens is an excellent fit for our organization. With their focus on promoting access to wellness solutions and enhancing quality of care for consumers, our interests are strongly aligned," Care Continuum Alliance president and CEO Tracey Moorhead said Friday. "Cheryl has an impressive record of helping develop and execute innovative programs and products in the public health sector, as well as leading successful research initiatives. We are pleased she will be sharing her advice and insight with us as a Care Continuum Alliance board member."

Pegus was named Walgreens chief medical officer in May 2010 and has more than 18 years of clinical practice and industry experience. Previously, she was GM and chief medical officer for SymCare Personalized Health Solutions. Prior to joining SymCare in 2007, she held a number of positions at Aetna, eventually becoming head of clinical products for the company’s Medical Products business unit. She also was medical director for the Cardiovascular Risk Factors Group at Pfizer Pharmaceuticals. Pegus is a board-certified physician with subspecialty training in cardiology.

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