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Albertsons Cos., Rite Aid to merge

Albertsons Cos., Rite Aid to merge

BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and

Surge in flu lifts sales of OTCs and related products

Surge in flu lifts sales of OTCs and related products

NEW YORK — The escalating number of flu cases nationwide has hoisted sales of over-the-counter medicines and other products that help treat and manage flu symptoms, according to market research firm IRI. In a new report titled “Flu Fury: IRI Pinpoints How Flu Is Impacting U.S. Markets,” IRI spotlights areas hit hard by the spread

CVS Health sees solid finish to 2017 fiscal year

CVS Health sees solid finish to 2017 fiscal year

WOONSOCKET, R.I. — Driven by growth in its pharmacy benefit management unit, and overcoming softness in its retail business, CVS Health posted increased sales and beat Wall Street’s earnings forecast for its 2017 fourth quarter and fiscal year. CVS said Thursday that for the fourth quarter ended Dec. 31, total revenue rose 5.3% to $48.39

CVS’ Helena Foulkes named Hudson’s Bay CEO

CVS’ Helena Foulkes named Hudson’s Bay CEO

NEW YORK — CVS Health executive Helena Foulkes is joining department store retailer Hudson’s Bay Co. (HBC), operator of Lord & Taylor and Saks Fifth Avenue, as chief executive officer. HBC said Monday that Foulkes is slated to begin in the new role on Feb. 19. At CVS, she currently serves as a corporate executive

Corporate giants team up on employee health care

Corporate giants team up on employee health care

NEW YORK — Three of the largest U.S. companies — Berkshire Hathaway, Amazon and JPMorgan Chase & Co. — have joined together to take employee health care into their own hands. Berkshire Hathaway, Amazon and JPMorgan Chase said Tuesday that they plan to form an independent health care company to provide their employees accessible, affordable and quality care.

Keurig, Dr Pepper Snapple Group to merge

Keurig, Dr Pepper Snapple Group to merge

BURLINGTON, Mass. — Keurig Green Mountain Inc. and Dr Pepper Snapple Group plan to merge in a deal that will create a new beverage giant, Keurig Dr Pepper (KDP), in the North American market. Under the agreement announced Monday, Dr Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend — for a

Walgreens promotes Rick Gates to SVP of pharmacy

Walgreens promotes Rick Gates to SVP of pharmacy

DEERFIELD, Ill. — Rick Gates has been named senior vice president of pharmacy and health care for Walgreens. Gates most recently served as group vice president of pharmacy. With the promotion, he will oversee commercial development and sales, contracting, pharma development, pharmacy supply chain, and clinical programs and alliances, Walgreens Boots Alliance (WBA) said Thursday. He

Publix opens first telehealth clinics

Publix opens first telehealth clinics

LAKELAND, Fla. — Publix Super Markets Inc. and BayCare Health System have opened the first two of more than two dozen telehealth clinics at Publix pharmacies. Called Walk-In Care Provided by BayCare, the clinics feature a private room with an interactive kiosk that enables Publix customers to receive non-urgent medical care from board-certified physicians via

WBA hires new chief for Boots retail chain

WBA hires new chief for Boots retail chain

DEERFIELD, Ill. — Sebastian James is joining Walgreens Boots Alliance (WBA) as senior vice president and as president and managing director of Boots, the company’s international pharmacy, health and beauty chain based in the United Kingdom. Plans call for James, currently group chief executive at European electronics and telecom retailer and service provider Dixons Carphone plc, to join

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