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Report: Walgreens strengthens marketshare in key Charlotte metropolitan market with Kerr acquisition

BY Michael Johnsen

TAMPA, Fla. — Chain Store Guide on Friday released its latest analysis on the recently-completed Kerr Drug acquisition by Walgreens. Walgreens had announced that 20 of Kerr Drug’s 76 locations would be closed, with 16 of those prescription files transferred to Walgreens locations and the remainder to other pharmacies. 

According to CSG, Walgreens will strengthen its market share position in the Charlotte metro area. Fielding 44 core Walgreens locations, Walgreens will increase its pharmacy market share to 22.7%, according to Chain Store Guide’s 2013 Drug Industry Market Share Report published in August 2013. 

CVS/Caremark’s market share within Charlotte is 37.6% with 75 locations and Rite Aid’s share is 16.2% with 51 locations. 

 

 

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CVS Caremark names EVP, health plans

BY Antoinette Alexander

WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Tracy Bahl as EVP, health plans, leading the teams responsible for supporting health plan clients and offering health plans guidance to help them navigate the evolving health care marketplace.

"As health care reform continues to spur unprecedented and rapid changes across the health care system, CVS Caremark is focused on providing health plans with value and insights to help them manage the increasing complexity of the marketplace," Jon Roberts, president of the PBM business at CVS Caremark said. "Tracy is a great addition to our team and we look forward to working with him to continue to develop innovative solutions and offerings for health plans."

Known for his deep customer focus and relationship-building skills, Bahl brings to CVS Caremark nearly 30 years of experience as a health care executive with a strong track record of delivering results in leadership positions. He spent 10 years at UnitedHealth Group, where he served as the CEO of the Uniprise division, which encompassed the company’s national accounts business, consumer health business, financial services business, and service and technology operations.

He also worked for CIGNA Healthcare in a variety of regional and national health plan roles. Most recently, Bahl worked for General Atlantic, a global growth equity investment firm, where he supported a number of portfolio companies and investment activities in the health care space as a special advisor on the health care team. One of his primary roles was serving as executive chairman of Emdeon, playing a key role in its growth and subsequent sale.
 

 

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Recondo Technology names McKesson veteran to chief growth officer post

BY Michael Johnsen

GREENWOOD VILLAGE, Colo. — Recondo Technology, a financial software solutions provider in the healthcare space, on Monday announced that Lori Prestesater has joined the firm as chief growth officer where she will oversee direct sales, indirect and channel sales, marketing and product management. 

Prestesater has been involved in the healthcare industry for the past three decades holding positions of executive and senior leadership across multiple divisions of McKesson, including McKesson Provider Technologies (formerly HBO & Company); McKesson Health Solutions; and RelayHealth. Prior to McKesson, she was with IBM Corporation and most recently served as VP strategic account management for TriZetto Corporation where she led the effort to provide TriZetto solutions to hospitals, health systems and provider-led accountable care organizations through strategic relationships and alliances.

"Lori brings a wealth of skills and expertise to Recondo," Rick Adam, Recondo CEO said. "She has extensive experience in meeting the technology and service requirements of healthcare customers. She will help Recondo continue to enable more efficient operations for both our existing customers and new customers."

"I’m excited to be part of Recondo and look forward to advancing and accelerating our growth," said Lori Prestesater. "Recondo has recently received recognition from Inc. Magazine, Deloitte Touche and Healthcare Informatics, and I’m committed to continuing to drive Recondo growth, market visibility and extended solution portfolio while ensuring that we support our clients with the level of quality they expect."

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