Giant Food gives customers Healthy Ideas
LANDOVER, Md. — Giant Food is helping customers stick to their New Year’s resolutions by emphasizing its product labeling system.
Healthy Ideas, which initially launched in January 2009, identifies healthy options for customers as they shop the aisles, and includes both perishable and nonperishable items, as well as private-label and national brands.
"Losing weight and eating better regularly rank as among the most common New Year’s resolutions," said Andrea Astrachan, consumer adviser for Giant Food. "There is no better place to make healthy choices than at the supermarket, and Giant is committed to helping our customers stay on track with their healthy-eating goals throughout the year."
CVS Caremark acquires Universal American
WOONSOCKET, R.I. — CVS Caremark is more than doubling the size of its Medicare Part D program by acquiring the Medicare Part D business of Universal American for roughly $1.25 billion.
Universal American’s Part D business currently serves about 1.9 million Medicare PDP members, while CVS Caremark serves roughly 1.2 million Medicare PDP members. This reflects current levels of membership and does not include 2011 auto assignment or the results of the annual enrollment period, which ended Dec. 31, 2010.
“[Today’s] transaction furthers CVS Caremark’s position as a significant player in one of the nation’s fastest-growing segments of the pharmacy benefit management industry. A growing portion of the country’s population will receive their prescription drug coverage under Medicare plans, driven both by age demographics and the anticipated shift of retirees from employer-based coverage to Medicare that will likely result from healthcare reform,” stated Per Lofberg, president of Caremark Pharmacy Services.
“The Medicare Part D program is integral to CVS Caremark’s long-term growth strategy," Lofberg added. "We believe that bringing together these two businesses will strengthen our competitive offerings, enabling us to provide Medicare beneficiaries with expanded products and services and lower the cost of pharmacy care.”
CVS Caremark expected the deal to be accretive to earnings per share in its first full year, and it is not expected to impact the previously announced dividend growth and share buyback initiatives.
The deal is expected to close by the end of the second quarter. Universal American also operates a Medicare Advantage business, which will be spun off to Universal American shareholders as a separate company at the time of closing.
Ideavillage, Criss Angel bring ‘magic of the season’ to needy kids
WAYNE, N.J. — Ideavillage donated 150,000 Criss Angel magic trick gifts — valued at more than $1 million — to the Boys and Girls Clubs of America and the Make A Wish Foundation. The gifts were distributed to thousands of locations across the United States, in time for Christmas.
Company executives joined the famous TV magician for a special Christmas week visit to the Las Vegas Boys and Girls Club to hand-deliver a portion of the gifts. Leaving the kids with a message to “work hard, believe anything is possible and to always do the right thing,” Angel, caught in the moment, spontaneously decided to give each of the 113 kids in attendance an additional $100 gift. “I’ve been blessed beyond my wildest dreams. My mission in life is to try to be a positive force and help others in anyway I can,” Angel said.
Ideavillage CEO Andy Khubani — himself a father of five — said, “It is a blessing to be able to share the magic with those in need. That is the magic of the season.”
In related news, Angel will debut a new online magic clinic for aspiring magicians. Beginning in January 2011 Angel’s “magicJAM” will be broadcast live on Saturdays at 4:30 p.m. EST via CrissAngel.com.