In the culmination of a long courtship, CVS Health has completed the acquisition of Aetna, creating a unique comprehensive health care company.
With fourth quarter profits exceeding Wall Street expectations, Walgreens Boots Alliance touted gains for both the period and the fiscal year despite weak U.S. retail comps.
As CVS reported that the U.S. Department of Justice will allow it to proceed with its pending acquisition of Aetna, the company also added new board directors and management in anticipation of the merger closing.
After its failed merger attempt with Walgreens Boots Alliance, Rite Aid has been developing a standalone strategy to move forward, but still saw a net loss in the second quarter.
Kroger and Walgreens are collaborating on an exploratory pilot with a new format and concept that combines Kroger’s grocery role with Walgreens’ pharmacy, health and beauty expertise.
Walgreens Boots Alliance has reached an agreement with the Securities and Exchange Commission to fully resolve an investigation into forward-looking financial goals and related disclosures by Walgreen Co.
Albertsons Companies has appointed Jim Donald, currently the company’s president and chief operating officer, to president and chief executive officer, effective immediately.
Walgreens and Fred’s have entered into a definitive asset purchase agreement. Walgreens will acquire pharmacy patient prescription files and related pharmacy inventory of 185 Fred’s stores located across 10 Southeastern states.
CVS Health has opened a new retail distribution center in Kansas City, MO, located at 10711 North Congress Avenue in the Skyport Industrial Park.
Rite Aid recently updated its fiscal 2019 outlook, which the company initially provided on April 12.
Albertsons and Rite Aid have mutually agreed to terminate their previously announced merger plan.
In a second quarter hit by one-time unique charges, CVS Health recorded a company net loss of $2.56 billion, or $2.52 per diluted share, versus company net income of $1.1 billion, or $1.07 per diluted share, in the year-before period.
Rite Aid has sent a letter to shareholders urging their support for the pending Albertsons merger at the company’s upcoming special meeting.
As it advances its merger with Rite Aid, Albertsons posted a first quarter net loss of $17.7 million versus a net loss of $204.9 million in the year-prior period.
Walgreens Boots Alliance has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China.
As Rite Aid prepares for its pending merger with supermarket operator Albertsons, the drug store chain posted a net loss in the first quarter.
Walgreens beat Wall Street estimates in its third quarter, although retail comps slipped. The company released its third quarter results following the news that Amazon is acquiring an online pharmacy.
Amazon, in a move that could intensify its competition with drug store chains and other retailers, has entered into a definitive merger agreement to acquire PillPack, an online pharmacy.
Following the sale of its specialty pharmacy business, Fred’s saw its comps decline in the first quarter.
Walgreens is planning to open a new office in Chicago where it anticipates 1,800 people will be based.