pharmacy

Albertsons-Rite Aid Merger Shakes Up Both Grocery And Pharmacy Sectors

Albertsons Cos., parent company of supermarkets Albertsons, Safeway, Jewel-Osco and Acme, has reached a definitive merger agreement with Rite Aid to create…

Regulatory Caution Keeps Walgreens-Rite Aid Merger On Thin Ice

Those looking forward to the anticipated Walgreens–Rite Aid merger may need to hold the phone; the Federal Trade Commission (FTC) is reportedly…

CVS To Close 70 Stores In Early 2017 As Part Of $3 Billion Cost Cuts

As part of cost-cutting measures designed to save approximately $3 billion before 2021, CVS Health will close 70 stores in 2017. The…

CVS To Cut 600 Corporate Jobs

CVS Health is eliminating 600 jobs from its corporate offices in Rhode Island, Arizona and Illinois over the next two months as…

Walgreens May Have To Sell Up To 1,000 Stores To Complete Rite Aid Deal

Walgreens Boots Alliance, the parent company of Walgreens, may have to divest between 500 and 1,000 of its stores in order to…

Target Doubles Down On Wellness With ‘Connected Health’ Category

The Connected Health section will be featured within Target’s CVS-branded pharmacies, providing customers access to products designed to allow customers to digitally…

Target And CVS Vs. Walgreens And Rite Aid: Drugstore Wars Heat Up

Target has begun converting its in-store pharmacies and health clinics to CVS/pharmacy centers and MinuteClinics, furthering the pharmacy’s footprint expansion, which will…

CVS Health Finalizes Target Pharmacy Acquisition

CVS Health has finalized its acquisition of Target’s 1,672 pharmacies and 70 clinic locations for approximately $1.9 billion. The two parties initially…

Shrink As Percentage Of Sales Climbs 50% In 2015

The combination of a still-slow world economy straining consumers’ buying power, along with decreased spending by retailers on loss prevention, has led…

Walgreens Inches Closer To Deal To Buy Rite Aid

Walgreens Boots Alliance is in “advanced talks” to buy rival drugstore Rite Aid in a deal that may be valued as high…

A&P Sells Pharmacy Assets, Inventory To Rite Aid For $8.1 Million

Great Atlantic & Pacific Tea Co. (A&P) received approval from a U.S. bankruptcy court to sell pharmacy assets and inventory from 12…

CVS Health Acquires Omnicare For $12.7 Billion

CVS Health has acquired pharmacy services provider Omnicare for approximately $12.7 billion. With this move, CVS will be poised to expand its…

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