Kroger starts offering $4 generics
CINCINNATI Kroger Co., one of the largest supermarket chains in the United States, is offering discounted generic drugs to its customers in Cincinnati and northern Kentucky, the company announced Thursday.
Kroger said it will charge $4 per prescription for more than 300 generic drugs prescribed for 30-day supplies at its 76 area pharmacies. The supermarket chain will also be utilizing specialized pricing at pharmacies in several Ohio communities, including Toledo, Columbus and Dayton.
The generic alternatives for some of the most commonly prescribed drugs used to treat diabetes, asthma, depression, heart disease, thyroid and other health problems will be priced at the discounted rate. Additionally, Kroger will offer generic versions of the birth-control drugs Ortho Cyclen and Ortho Tri Cyclen (28-day supply) and a fertility drug for $9.
“We’re pleased to offer Kroger customers in the Greater Cincinnati area an affordable alternative to meet their health and medication needs,” said Geoff Covert, president of Kroger’s Cincinnati/Dayton division.
Tops Markets acquired by Morgan Stanley for $310 million
NEW YORK Morgan Stanley Private Equity has acquired regional supermarket chain Tops Markets from Ahold for $310 million. Tops operates 71 stores under the Tops Markets and Martin’s Super Food Stores banners and five franchise supermarket grocery stores in the Northeast.
The acquisition, which includes 61 in-store pharmacies, is expected to close by the end of this year.
“Tops is a well-regarded grocer with attractive long-term performance, strong employee relationships and a loyal customer base,” said Gary Matthews, managing director and operating partner of Morgan Stanley Private Equity. “We are excited to continue Tops’ tradition of outstanding service to customers and to maintain its position as a leading supermarket in the region.”
Morgan Stanley is expected to continue operations at the stores, but corporate functions will be relocated to Buffalo, N.Y. Frank Curci, former chief executive officer of Tops, is expected to serve on the board of directors and lead the transition in the coming months.
Walgreens promotes vp specialty pharmacy, controller
DEERFIELD, Ill. Walgreens announced today the promotions of Stanley Blaylock and Mia Scholz from divisional to corporate vice presidents.
Blaylock is the vice president of specialty pharmacy for Walgreens Health Services, the managed care division of Walgreens that includes Option Care. Blaylock joined Walgreens in 2006 when the company acquired Medmark Specialty Pharmacy Solutions, which Blaylock co-founded.
Scholz was promoted to corporate vice president of accounting and controller. She joined Walgreens in 1999 after working for Arthur Anderson.