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Diplomat Pharmacy registers to file IPO

BY Michael Johnsen

FLINT, Mich. — Diplomat Pharmacy on Thursday announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined.
 
Credit Suisse Securities and Morgan Stanley are acting as lead book-running managers. Additional book-running managers are J.P. Morgan Securities and Wells Fargo Securities. 
 
William Blair & Company and Leerink Partners are acting as co-managers.
 
Diplomat Diplomat serves patients and physicians in all 50 states as one of the nation's largest independent specialty pharmacies. Headquartered in Flint, Mich., the company focuses on medication management programs for people with specialized, long-term medical needs, including oncology, immunology, hepatitis, multiple sclerosis, HIV, infusion therapy and many other serious or chronic conditions. Diplomat opened its doors in 1975 as a neighborhood pharmacy. 
 

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Jewel-Osco donates more than $100K to support Muscular Dystrophy Association

BY Antoinette Alexander

ITASCA, Ill. — With the generosity from thousands of Jewel-Osco shoppers, the company recently presented the Muscular Dystrophy Association with a check for $110,000 in funds donated by Jewel-Osco shoppers for use toward the organization’s Summer Camp program.

Jewel-Osco shoppers were able to donate $1, $3 or $5 at the register from May 1 through 31. Thanks for the donations, more than 130 children will go to MDA Summer Camp this year paid for by these funds.

The Jewel-Osco store team presented the check to MDA representatives in Chicago during the store’s grand re-opening on June 25. Jewel-Osco grand opened five new store locations on June 24, and unveiled 14 total grand re-openings on June 25.

At MDA camp, kids with neuromuscular disease discover a world created specifically for them, and meet many other kids sharing the same needs and experiences. The Muscular Dystrophy Association is a nonprofit health agency dedicated to finding treatments and cures for muscular dystrophy, amyotrophic lateral sclerosis and other neuromuscular diseases. MDA funds worldwide research; provides healthcare services and support to MDA families nationwide; and rallies communities to fight back through advocacy, fundraising and local engagement.

The MDA mobile program benefits local families affected by muscular dystrophy and related diseases by helping to support MDA’s programs of research and healthcare services, including sending local kids to a weeklong, barrier-free MDA summer camp at Timber Pointe Outdoor Center in Hudson, Ill.
 

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Rite Aid same-store sales up 3.9% for month of June

BY Michael Johnsen

CAMP HILL, Pa. — Rite Aid realized a 3.9% same-store sales increase for the four weeks ended June 28, the company reported Thursday. June front-end same-store sales increased 0.9%. Pharmacy same-store sales, which included an approximate 169 basis points negative impact from new generic introductions, increased 5.4%. Prescription count at comparable stores increased 3.5% over the prior-year period.

 
Total drug store sales for the four-week period increased 3.5% to $2 billion. Prescription sales accounted for 68.4% of drug store sales, and third party prescription sales represented 97.5% of pharmacy sales.
 
Same-store sales for the 17-week period ended June 28 increased 3.3% over the prior-year period. Front-end same store sales increased 0.2% while pharmacy same store sales increased 4.8%. Prescription count at comparable stores increased 2.6% over the prior-year period.
 
Total drug store sales for the 17 weeks ended June 28, 2014 increased 2.8% with sales of $8.4 billion. Prescription sales represented 68.4% of total drug store sales, and third party prescription sales represented 97.4% of pharmacy sales.
 

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