ValoremRx Specialty Solutions will source specialty pharmaceuticals to simplify the global supply chain and lower costs for patients using Express Scripts’ specialty pharmacy Accredo and Walgreens specialty pharmacy.
According to Rite Aid and Albertsons, the combined company’s retail pharmacy footprint should generate in excess of $16 billion in pharmacy sales.
The Woonsocket, R.I.-based healthcare company was ranked seventh on the Fast Company list of the 50 Most Innovative Companies, as well as No. 1 on its Top 10 Most Innovative Companies in Health list.
The retailer reported mixed results for its fourth quarter as promotional activity and ongoing investments in its digital operations took a toll on earnings, and online growth slowed dramatically from the previous quarter.
The new vehicle, which has the capacity to take five donors at a time, replaces an older one that was driven an average of 1,800 miles a month and collected about 6,000 units of blood annually.
The integrated company will operate approximately 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C., serving more than 40 million customers per week, Albertsons and Rite Aid said.