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Shopko Hometown Foundation to donate up to $2,000 per store to school districts

BY Alaric DeArment

NEW YORK — A philanthropic arm of mass merchandiser Shopko is planning to donate up to $360,000 to school districts across the country.

The Shopko Hometown Foundation, part of the Shopko Hometown division, which runs 181 small-format stores across the country, said it would donate $1 for each signature it receives from customers, for up to $2,000 per store.

The campaign, called Help Us Give Back, lasts through Dec. 24. Customers can sign their names once per day, every day through the campaign.

 

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Covidien to buy Given Imaging for $860 million

BY Alaric DeArment

DUBLIN — Covidien will acquire a company that markets a swallowed capsule used in medical imaging for $860 million, the hospital equipment manufacturer said Sunday.

Covidien announced a deal to acquire all outstanding shares of Given Imaging for $30 a share. Given Imaging specializes in products for visualizing, diagnosing and monitoring the digestive system, including its flagship product, PillCam.

"We believe [gastrointestinal] is one of the most attractive specialty procedure areas," Covidien group president for medical devices and the United States Bryan Hanson said. "Adding Given’s portfolio of diagnostics to our portfolio accelerates Covidien’s strategy of providing physicians with products that support the patient along the care continuum from diagnosis to treatment. It also confirms our leadership in developing less-invasive screening, diagnosis and treatment solutions that can improve patient outcomes and lower healthcare costs."

 

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Cardinal Health ranks No. 1 in Gartner’s fifth annual Healthcare Supply Chain Top 25

BY Michael Johnsen

STAMFORD, Conn. — Cardinal Health ranked No. 1 in Gartner’s fifth annual Healthcare Supply Chain Top 25 ranking. Not including health systems, the top 10 included McKesson at No. 5, BD (6), Johnson and Johnson (7), Walgreens (8) and CVS Caremark (9). 

The Healthcare Supply Chain ranking identifies organizations leading the way in transforming the healthcare value chain to meet new revenue challenges through enhanced service and lower costs with an increasing focus on improved patient outcomes. 

"The Fifth Annual Healthcare Supply Chain Top 25 ranking is representative of all the main constituents of the healthcare value chain — manufacturers, providers, distributors and retailers," stated Eric O’Daffer, research director at Gartner. "The past couple of years have seen more large distributors and wholesalers investing in global growth markets that expand their scope and importance to the manufacturers. Likewise, retail pharmacies are vertically integrating supply chain while they position themselves as healthcare and wellness providers to their patient-consumers." 

Cardinal Health took the No. 1 spot in the Healthcare Supply Chain Top 25 for the third year in a row with strong peer and analyst recognition for the breadth of the company’s capabilities across distribution and manufacturing. Cardinal brings together an expanding global presence and increasing vertical integration in the form of a manufacturer, medical surgical distributor, international sourcing company, pharmaceutical wholesaler and retail pharmacy. 

"It is clear that the access to and management of data will increase in importance, enabling enhanced, operational supply chain capabilities" O’Daffer said. "It also is clear that supply chain will be at the center of the discussion, bringing together organizational silos no matter where they sit in the supply chain. Organizations that embrace supply chain as an enabler of profitable growth will thrive, and we expect the difference between the ‘haves’ and ‘have nots’ to widen in this area, further increasing the likelihood for consolidation."

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