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Drug

Retailers

Rite Aid tabs 39 more stores to be shut

 By Russell Redman on Nov. 08, 2023

Property assessment under Chapter 11 plan also includes another 92 store leases to be marketed for sale.

Retailers

Walgreens appoints Neal Sample as new CIO

 By Russell Redman on Nov. 02, 2023

Former Express Scripts COO and CIO takes over top technology post after exit of Hsiao Wang.

Wholesalers & Distributors

KeHE lands national distribution deal with CVS Pharmacy

By Russell Redman on Oct. 30, 2023

Better-for-you grocery wholesaler boosts presence in drug retail channel.

Retailers

NACDS launches media campaign urging ‘real reform’ of PBMs

By Russell Redman on Oct. 26, 2023

Pharmacies and their patients are being harmed by such practices as DIR fees and medication formulary exclusions, the drug retail trade group said.

Retailers

Walgreens Boots Alliance OKs $192.5 million settlement with Rite Aid investors

By Russell Redman on Oct. 20, 2023

Shareholders claimed they weren’t given the full regulatory picture of the failed Walgreens-Rite Aid merger deal unveiled in 2015.

Retailers

Rite Aid identifies initial 154 stores for closure under bankruptcy plan

By Russell Redman on Oct. 18, 2023

Nearly 100 Rite Aid and Bartell Drugs locations to be marketed for sale by real estate firm A&G Realty Partners.

Retailers

What’s left for Rite Aid?

By Russell Redman on Oct. 16, 2023

Fresh Perspectives: Shrinking drug store base is slated to shrink further, and a promising PBM business is set to be sold off.

Retailers

Walgreens Boots Alliance eyes another $1B in cost cuts for fiscal 2024

By Russell Redman on Oct. 13, 2023

New CEO introduced to analysts as pharmacy giant posts year-end net losses.

Retailers

Walgreens Boots Alliance taps former Cigna exec Tim Wentworth as CEO

By Russell Redman on Oct. 11, 2023

Veteran health care and pharmacy leader to join company after exit of Rosalind Brewer.

Retailers

Is there a prescription for the big-three drug chains?

By Russell Redman on Oct. 10, 2023

Fresh Perspectives: As Walgreens appoints former Express Scripts CEO Tim Wentworth as its new chief, the drug chain and competitors CVS and Rite Aid contend with a segment that's getting squeezed on all sides.

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