Content about CVS

WHAT IT MEANS AND WHY IT'S IMPORTANT — CVS Caremark made headlines when it announced late in the day on Dec. 3 that former Walmart executive Hank Mullany had been named president of CVS/pharmacy. However, the wires were soon abuzz with news that Walmart had filed a lawsuit against CVS to block the hiring of Mullany.


DUBLIN, Ohio — Say goodbye to Kinray, the service-obsessed regional drug wholesaler. But say hello to a more muscular and diversified Cardinal Health.


The wholesale and health services giant announced Nov. 18 it will buy Kinray for $1.3 billion. The buyout, set for completion in early 2011, will be a boon to Cardinal, boosting its customer base to more than 7,000 independent drug stores, extending its reach in the Northeast and adding scale versus its wholesale rivals, McKesson and AmerisourceBergen.


WOONSOCKET, R.I. — CVS Caremark announced on Friday that former Walmart North executive Hank Mullany will succeed Larry Merlo as president of CVS/pharmacy. The move is part of the corporate succession plan announced last May in which Tom Ryan will retire as CEO prior to the next annual meeting and Merlo will step up as CEO.

ROCHESTER, N.Y. — Shortly after testing its PYNK system in CVS/pharmacy locations in the Westchester County, N.Y., area, Kodak officially is rolling out the photo kiosks at 5,000 CVS/pharmacy stores nationwide.

The Kodak PYNK photo kiosk gives photo enthusiasts the capability to create various projects with its "print-to-fit" system. New to the mix is a photo collage option, which takes out the time-consuming work of selecting, cropping and printing photos for a collage display, the company said.

ST. LOUIS  — Cardinal Health confirmed late Tuesday that it has named John Fiacco VP of its Medicine Shoppe and Medicap Pharmacy franchise division, effective Jan. 1.

Fiacco, a 23-year veteran of CVS/pharmacy, has held various leadership positions within Cardinal and Medicine Shoppe over the past decade, including VP field services for Medicine Shoppe. He will succeed Terry Burnside, who recently retired from his position as general manager of both franchise brands.

WOONSOCKET, R.I. With the holiday season just around the corner, CVS/pharmacy is encouraging older adults and their caregivers to make family health part of the conversation during family gatherings.

With annual enrollment for Medicare Part D under way through Dec. 31, now is the ideal time for seniors and their caregivers to review their medication regimen and identify ways to save on annual medication costs, the company stated.

HOFFMAN ESTATES, Ill. — Former Kmart CEO Charles Conaway has agreed to drop his appeal of a $10 million fine levied last year by the Securities and Exchange Commission for his role in misleading investors. Conaway, who ran Kmart a decade ago after serving as president of CVS, will pay $5.5 million to settle the charges, according to reports from the Associated Press and other news sources.

REDWOOD CITY, Calif. — Shutterfly customers looking for more in-store pickup options can look no further than CVS/pharmacy and Walgreens.

Same-day, in-store pickup is available at any Walgreens or CVS/pharmacy store location with a photo center. Customers can order 4x6 prints at Shutterfly.com and designate in-store pickup at any Walgreens or CVS/pharmacy stores — as well as Target stores — by selecting their preferred retail location using the store locator map at checkout.

NEW YORK Laura Geller Makeup, which is sold on QVC and at CVS' Beauty360, Macy's Impulse and Ulta locations, has expanded its senior management team.

Joining the company are Lori Mariano as VP marketing and Alyce Cucurullo as VP and general manager.

Mariano will be responsible for leading all marketing programs, branding and communications at Laura Geller Makeup. Previously, she has held senior management positions at such companies as L'Oreal, Coty and Mane USA.