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McKesson Canada and Sobeys National Pharmacy Group sign long-term distribution agreement

BY Michael Johnsen

 SAINT-LAURENT, Québec — McKesson Canada and Sobeys National Pharmacy Group on Tuesday announced the signing of a long-term distribution agreement that makes Lawton’s Drug Stores a primary distribution customer, enhancing McKesson Canada's presence in Atlantic Canada.

The agreement is effective Feb. 1, 2017.

“We are excited about our expanded relationship with Sobeys,” stated Paula Keays, president, McKesson Canada. “We have great confidence in the exceptional value we provide our customers and we appreciate the opportunity to work with Sobeys in delivering a broad range of pharmaceutical products and services to their customers.”

McKesson Canada and Sobeys have worked together for several years to provide a wide variety of prescriptions and health services to customers. The latest announcement enables a consistent source of supply across all regions where Sobeys and Lawton Drugs serve customers including Atlantic Canada.

As a result of the new agreement, McKesson Canada will leverage its existing Atlantic Canada distribution centers while adding resources where required.

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Kroger hires D.C.-based government relations executive

BY Michael Johnsen

CINCINNATI — Kroger on Tuesday named Matt Perin head of government relations and regulatory affairs.

"Matt's involvement and relationships with leaders in Washington will help advance our federal and state lobbying efforts and elevate Kroger's unique story among these influential stakeholders," stated Dailey, Kroger's senior director of external affairs. "We look forward to having Matt's expertise on the ground in Washington."

Perin will be based in Washington, D.C., where he will be responsible for Kroger's federal government relations efforts, including working with the company's supermarket operating divisions and other subsidiaries to counsel and guide state and local advocacy activities.

Perin previously served as deputy director of government relations for Bayer. Before joining Bayer, he was staff director for the U.S. House of Representatives Committee on Agriculture's Subcommittee on Nutrition & Horticulture. He has also served as a Congressional legislative assistant and political campaign manager.

He is a graduate of the University of Cincinnati.

 

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Fred’s provides $4.5M in compensation to consultant

BY Brian Berk

MEMPHIS, Tenn. — Fred’s Pharmacy on Jan. 11 issued 490,074 shares of its Class A common stock to A.T. Kearney in consideration of consulting services. The aggregate value of the shares is approximately $4.5 million.

A.T. Kearney is a global management firm specializing in management consultation services, including mergers and acquisitions, for several industries, including retail. The services rendered could be related to Fred’s announcement it will acquire 865 divested Rite Aid stores should the Walgreens Boots Alliance-Rite Aid merger agreement be approved by the U.S. Federal Trade Commission.

News reports have stated the merger will be approved prior to Donald Trump being inaugurated on Friday. In an online poll, Drug Store News readers believer this prediction will come to fruition.

Fred’s announced the compensation in a Form 8-K sent to the U.S. Securities and Exchange Commission. 

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