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Dollar General CEO joins Lowe’s board

BY DSN STAFF

MOORESVILLE, N.C. — Lowe’s has announced the appointment of Rick Dreiling to its board of directors. He will serve on the board’s audit and governance committees. The announcement brings Lowe’s board of directors to 12 members, 11 of whom are independent.

Dreiling is chairman and CEO of Dollar General, a position he has held since 2008. He led Dollar General’s re-emergence as a public company in 2009 through a successful initial public offering on the New York Stock Exchange. Dreiling has extensive retail experience, having served as chairman and CEO of Duane Reade; EVP and COO of Longs Drug Stores; EVP marketing, manufacturing and distribution for Safeway; and president of Vons, a food and drug division of Safeway in Southern California.

“Rick has a tremendous range of retail and executive management experience from his years of working with some of the nation’s top retail companies,” said Robert Niblock, Lowe’s chairman, president and CEO. “He is a thoughtful leader who will be an outstanding complement to Lowe’s board of directors.”

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AmerisourceBergen reports $20.4 billion in Q1 revenue

BY Michael Johnsen

VALLEY FORGE, Pa. — AmerisourceBergen on Thursday reported $20.4 billion in revenue for the first quarter ended Dec. 31, up 2%.

“We are off to a good start in our fiscal year 2012, with December quarter results in line with our expectations and excellent progress being made on the integration of our recent acquisitions,” stated Steven Collis, AmerisourceBergen president and CEO. “We continued to demonstrate expense and working capital discipline, and our balance sheet remains strong, giving us outstanding financial flexibility.”

According to the company, the results were driven by a 3.9% increase in AmerisourceBergen Specialty Group revenue and a 2.1% increase in AmerisourceBergen Drug Corporation revenue. Strong performance in third-party logistics in ABSG and in the retail and institutional segments in ABDC was offset in part by a previously announced loss of a large retail customer. Recent acquisitions, particularly the addition of TheraCom, contributed 0.6% of revenue growth in the quarter.

“Looking ahead, the company continues to expect diluted earnings per share in fiscal year 2012 to be in the range of $2.74 to $2.84,” Collis said. “Also unchanged are the assumptions supporting the expected diluted earnings per share range for fiscal year 2012, including flat to modest revenue growth, operating margin growth in the high single-digit to low double-digit basis points range and free cash flow in the range of $700 million to $800 million, which includes capital expenditures in the $150 million range. Subject to market conditions, we expect to spend approximately $400 million to repurchase our common shares in fiscal year 2012.”

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As pertussis cases rise in 2012, MinuteClinic helps underscore important role of clinics

BY Antoinette Alexander

WHAT IT MEANS AND WHY IT’S IMPORTANT — The news that MinuteClinic is urging parents and guardians to protect their children and themselves by getting the proper vaccination is important as it not only addresses a serious health concern, but also underscores the valuable role that retail-based health clinics can play in health care.

(THE NEWS: MinuteClinic urges vaccination as pertussis cases rise in 2012. For the full story, click here)

MinuteClinic is urging parents and guardians to obtain a DTaP shot (diphtheria, tetanus, pertussis) for unvaccinated children under 7 years old. Booster shots, known as Tdap, also are encouraged for all pre-teens, teens and adults.

Prompting the alert is the fact that there has been a reemergence of whooping cough in recent years and, just within the first three weeks of January, at least a dozen states have reported confirmed cases.

Pertussis is a highly contagious bacterial illness spread by coughs and sneezes. Unimmunized or incompletely immunized young infants are particularly vulnerable. Health officials are strongly urging that children be vaccinated against the disease and parents, family members and caregivers of infants get a booster shot. Health officials have indicated that vaccination is the best way to stop the spread of pertussis.

As the article indicates, pertussis is not to be taken lightly as the disease can result in hospitalization, particularly among infants. There are about 300,000 pertussis-related deaths worldwide per year, according to the Centers for Disease Control and Prevention.

Clearly, nurse practitioners are in an ideal position to speak with their patients about the vaccination and to field questions about pertussis. And many clinic locations offer the Tdap vaccination.

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