CVS/pharmacy to acquire 19 Medicine Chest pharmacy locations in Texas
WOONSOCKET, R.I. and SULPHUR SPRINGS, Texas — CVS/pharmacy and Medicine Chest Pharmacy announced on Friday that CVS will acquire 19 Medicine Chest drug stores in Texas during the last weekend of December.
Financial terms of the deal were not disclosed.
CVS/pharmacy will operate nine of the acquired locations and relocate 10 other Medicine Chest pharmacies into nearby existing CVS/pharmacy locations. Medicine Chest will continue to operate its remaining 10 locations.
"CVS/pharmacy is committed to helping people on their path to better health in our more than 550 Texas locations. By expanding our presence in the state through the acquisition of Medicine Chest’s high-quality pharmacies, we will offer our customers greater convenience and access to our services. We look forward to working with our new colleagues and taking care of our new customers’ pharmacy needs," stated Laura Underwood, area VP for CVS/pharmacy.
"Medicine Chest Pharmacy is proud to have served the Texas community since 1976, and it has been an honor to take care of our customers’ pharmacy needs over the years," added Chad Michel, COO of Medicine Chest Pharmacy. "As we continue to focus on our long-term care pharmacies and our remaining retail locations, we believe CVS/pharmacy is the right partner that will maintain the same level of quality care in those markets we have divested. CVS has worked very hard to make a smooth transition for our customers and employees. Prescription and insurance information will be available at CVS seamlessly, with no interruption of services."
Medicine Chest historically operated 26 retail stores and three long-term care pharmacies all in Texas. The company will continue to own and operate seven retail pharmacies located in Clarksville, Mt Vernon, Quitman, Tyler, Orange and Bryan, Texas. The company — through its three long-term care pharmacies located in Houston, Sulphur Springs and Bryan — will continue to provide service to long-term care facilities, including nursing homes and assisted living facilities throughout Texas.
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Diplomat Specialty’s ‘top job creator’ nod a boon for specialty pharm
Inc. magazine named Diplomat Specialty Pharmacy as one of the country’s top 100 job creators as part of the business magazine’s inaugural Hire Power Awards. Diplomat Specialty Pharmacy cracked the list at No. 94 with the addition of 233 new positions over the past three years and came in at No. 5 in the company’s home state of Michigan.
But though the company comes in at No. 94 on Inc.‘s list, measured up against the likes of information technology services juggernaut GoDaddy.com or the rapidly growing fast-food chain Colorado Smashburger, Diplomat Specialty is a bellwether all the same — specialty pharmacy is and will be the catalyst for growth in the retail pharmacy industry.
But DSN has been reporting that all along — just last month, Specialty Pharmacy announced the "immediate need to fill [another] 100 full-time jobs" to work in the company’s Flint, Mich., headquarters, a former General Motors technology center. Had those jobs been filled prior to Inc.‘s compilation of the Hire Power Awards, Diplomat would have ranked No. 70.
Once those positions are filled, that will bring the company’s workforce to 625 employees, or a little more than halfway toward the 1,000 employee five-year goal the company set in 2010 when it first moved into the former GM facility. That suggests that by 2015, Diplomat Specialty Pharmacy will have at least 475 new employees over a three-year period. Today, that kind of rapid job growth would place Diplomat Specialty No. 43 on that list.
And it’s only fitting that this is all happening in Flint, Mich., once home to an automobile manufacturing powerhouse. But that industry is long past its heyday, as evidenced by Michigan’s recent vote to become a right-to-work state. And in its place is a new, strong and healthy growth engine in specialty pharmacy that’s only going to get bigger and stronger in the coming years, especially as the Patient Protection and Affordable Care Act is implemented beginning in 2014.
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Specialty patients in Los Angeles could be forced to use mail-order, advocates say
NEW YORK — Thousands of patients in Los Angeles with serious, chronic diseases could soon find themselves unable to get their drugs from community pharmacies, advocates for the pharmacies said.
Over the past several weeks, specialty pharmacy patients — most of them HIV patients, as well as those with cancer, autoimmune conditions and other disease states — covered by Anthem Blue Cross have received letters from the health insurer stating that starting Jan. 1, 2013, their drugs will only be covered if they obtain them through mail order from CuraScript, a mail-order pharmacy owned by pharmacy benefit manager Express Scripts, while those who continue to use retail pharmacies will have to shoulder the full cost of their drugs, antitrust lawyer David Balto told Drug Store News. Balto, who was a policy director of the Federal Trade Commission during the Clinton administration and brought some of the first cases against PBMs and often represents community pharmacies, began advocating for the Los Angeles pharmacies after several of them contacted him when their patients began receiving the letters.
"As part of our efforts to enhance healthcare affordability, Anthem Blue Cross has contracted with a vendor to purchase certain high-cost specialty drugs in bulk and provide them via home delivery to our members," Anthem spokesman Darrel Ng told Drug Store News. "This action, among many others undertaken by our company, helps moderate healthcare costs. We think this is important at a time when businesses and individuals are deciding whether they can afford to continue to maintain health benefits coverage. In addition, studies suggest that home delivery of prescription drugs can improve medication compliance and a recent study has even shown enhanced health outcomes."
Express Scripts declined to comment further.
While no lawsuit has been filed, and Balto said he and the pharmacies for which he is advocating were exploring options and examining whether Anthem’s decision violates any anti-trust laws, the dispute is an example of the often testy relationship between pharmacy retailers — particularly independents — and PBMs. PBMs say mail-order represents a more cost-effective and efficient way of getting drugs to patients and say mail-order saves customers money on prescriptions compared with brick-and-mortar retailers. For pharmacy retailers, however, not only does use of mail-order cut into their business, it also means that patients don’t have access to the kind of face-to-face interaction that the retailers say many of them need and tout as their key advantage. PBMs have also emphasized that they offer 24-hour access by phone to pharmacists and nurses, including pharmacists whose entire focus is on a specific condition such as HIV and who know all the drugs, interactions and other issues involved. But Balto said a "disinterested voice at the end of a 1-800 number" isn’t enough.
"This is far more than just dispensing drugs," Balto told Drug Store News. "People will lose those services, and that will threaten the continuity of care they receive."
Balto said that while mail-order may be appropriate for some patients, it’s not for patients with complex, chronic conditions like HIV. Specialty pharmacists themselves also say their role goes far beyond dispensing.
"Putting a label on the bottle — that’s the least of what we do," Marva Brannum, a clinical pharmacist at Edwin’s Prescription Pharmacy, one of the pharmacy’s Balto is representing, told Drug Store News. "The care is actually part of the prescription."
Brannum, who has worked with HIV and AIDS patients for nearly 30 years, said working with patients also included knowing the psychological and social issues involved with their disease states, fitting medications into their lives and being able to alter their therapies quickly when needed. For example, some patients are homeless or transient and don’t have the option of receiving three-month supplies of drugs through the mail or are living in a situation where other people don’t know about their status. Working with patients directly also allows pharmacists to know about drug interactions. "We are an extension of the patient’s clinical team," Brannum said.
For Brannum, it’s not just knowing the drugs the patient uses, but knowing the patient. "The most intricate part that leads to quality outcomes and leads to decreased costs for us is knowing the patient in total," Brannum said.
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It is not good news that patients could lose access to needed services. Massive unfortunate situation will occur if a lot of patients have to buy their drugs by full cost when needed. We should about the new policies. Advocates are working for the pharmacies told the future fact to alert us. Inexpensive or reliable lawyer is now rare around us. Thanks for the information I read in the above post. But I can say some attorneys are really working well for us. By the help of a personal injury attorney Tacoma you can resist with your unfortunate situation that comes suddenly.
The patients will therefore not be benefited from the policies introduced. Since Express scripts will only be the provider of ailments and medicines for the patients problems, with the total restrictions on the medicine usage to pay full costs if not dealt with the above company. Balto has expressed the step as valid and will work to full extent. So with these new policies many are just bringing forward their hands to deal with the company to handle the problem directly means carrying large bulks of medicines for the hospitals.Virginia injury attorneys