Report: Cardinal Health acquires wholesaler Dik Drug
DUBLIN, Ohio — Cardinal Health has acquired regional wholesaler Dik Drug for an undisclosed price, according to published reports.
Dik Drug was founded in 1914 as a small repackaging distributorship that serviced the Chicago area. According to the company’s website, Dik Drug warehouses more than 20,000 products.
According to a post from Drug Channels blogger Adam Fein, who broke the story Monday, Dik is an investor in Third Party Station (Pharmacy First), a wholesaler-owned Pharmacy Services Administrative Organization. According to Fein, Cardinal has acquired two of the nine wholesalers that own TPS.
For Fein’s full report, click here.
Cardinal Health settles dispute with DEA over Florida distribution center
DUBLIN, Ohio — Cardinal Health on Tuesday announced it had agreed to a settlement with the Drug Enforcement Agency that allows the company to bring resolution to ongoing litigation.
Cardinal Health agreed to a two-year suspension of its Lakeland, Fla., distribution center’s DEA registration to ship controlled medicines from this facility and to improve certain anti-diversion procedures. The Lakeland distribution center will remain open, and all other operations at the facility will continue. The DEA also confirmed it is planning no further administrative actions at other Cardinal Health facilities.
"This agreement allows us to put this matter behind us, and just as important, will clear the way for a more productive dialogue about how we and others in the healthcare and regulatory community can work together to prevent the abuse and misuse of prescription drugs," Cardinal Health chairman and CEO George Barrett said.
Walgreens expands Prescription Savings Club
DEERFIELD Ill. — Walgreens on Tuesday infused greater value into its Prescription Savings Club program, which now offers discounts on more than 8,000 brand-name and generic prescriptions, thanks to the inclusion of more than 700 "value-priced" generics, which retail as low as $12 for a 90-day supply.
Walgreens also offers a risk-free guarantee on its Prescription Savings Club program: if members don’t recuperate the $20 annual cost for an individual (or $35 for a family, including pets) in actual savings Walgreens will make up the difference.
“In today’s challenging economic and health care environment, Walgreens is focused on becoming a community healthcare provider to help people live well, stay well and get well, and our Prescription Savings Club is an affordable solution for millions of people who struggle to manage their prescription needs,” said Kermit Crawford, Walgreens president of pharmacy, health and wellness. “Adequate prescription drug coverage is a significant issue for millions of Americans, and this program is one of the ways we’re helping people get the medications and health care services they need.”
The Walgreens Prescription Savings Club has helped improve medication adherence rates among members, the company said. Walgreens data has shown improved adherence scores of nearly 10% by Prescription Savings Club members included in a study.
Additional benefits of the program include a 10% discount on services at Take Care Clinics in select Walgreens stores and between a 5% and 20% discount on most immunizations. The program also is a great option for pet owners, with discounts on select pet medications that have a human equivalent therapy. Additionally, the program also offers a 10% bonus on Walgreens, W and Nice! store brand products.
The Walgreens Prescription Savings Club program currently saves members on average $170 per year, the retail pharmacy operator said. The club is open to people of all ages who are not enrolled in a publicly funded healthcare plan.