NACDS ranked a top place to work
ALEXANDRIA, Va. A bi-weekly newsletter has named the National Association of Chain Drug Stores as one of the “Top Places to Work in Associations and Nonprofits.”
CEO Update, a publication that focused on jobs, news and people in the association and nonprofit world, conducted a recent survey “for nonprofit groups and associations across the country to rate their benefits, culture and work environment.” The publication concluded that NACDS had multiple benefits, including the company’s paid leave policy and tuition benefits.
“Particularly in Washington, D.C., where many associations are headquartered, the nonprofit industry competes with the government and the private sector for talent,” the Oct. 26 issue said of NACDS. “And in a tight labor market, with less than 3 percent unemployment in the nation’s capital, recruitment becomes a race for how to snag the best candidates, with a combination of adequate pay and great benefits.”
NACDS president and chief executive officer, Steve Anderson, said that under the leadership of its vice president of human resources and administration, NACDS is “committed to fostering a positive and family-friendly work environment that enables us to attract and retain top talent.”
“With the thousands of associations and not-for-profit organizations across the country, I hope our members feel great pride about this recognition,” Anderson said Thursday. “Through our superb staff, we are able to provide outstanding member services and advocacy for our industry.”
CVS records impressive rise in Q3 earnings
WOONSOCKET, R.I. CVS Caremark announced on Thursday that third quarter earnings rose 142.6 percent as revenues totaled $20.5 billion.
Net earnings for the third quarter ended Sept. 29 totaled $689.5 million, or 45 cents per diluted share, compared with earnings of $248.2 million, or 33 cents per share, in the year-ago period. The company estimates that merger and integration costs associated with Caremark negatively impacted diluted earnings per share by about 1 cent for the quarter.
Revenues increased $9.3 billion to $20.5 billion, up from $11.2 billion in the year-ago period. Same-store sales rose 5 percent, while pharmacy same-store sales climbed up 4.3 percent. Pharmacy same-store sales were negatively impacted by about 580 basis points due to recent generic introductions. Same-store front-end sales rose 6.5 percent.
During the quarter, CVS opened 37 new stores, closed eight locations and one mail order pharmacy and relocated 41 others. As of Sept. 29, the company operated 6,206 retail pharmacy stores, 53 specialty stores, 22 specialty mail order pharmacies and nine mail order pharmacies.
Aizen named VP of sales for Rite Aid Health Solutions
CAMP HILL, Pa. Rite Aid on Thursday named Lance Aizen, a pharmaceutical and pharmacy benefit management executive, to the post of vice president of sales of Rite Aid Health Solutions, Rite Aid’s pharmacy benefit management company.
Aizen, 44, is responsible for all sales activity for Rite Aid Health Solutions and reports to Greg Drew, vice president and general manager of Rite Aid Health Solutions.
“We’re fortunate to have an experienced pharmacy benefit management executive of Lance’s caliber join our team and help us continue to grow Rite Aid Health Solutions,” Drew said. “Lance’s proven ability in negotiation and business development as well as his strong leadership skills in pharmacy benefit management will be a great asset.”
Aizen previously served as executive vice president of Envision Pharmaceutical Services, another PBM. Prior to Envision, Aizen was chief operating officer at the PBM SunRx.