Content about Companies listed on the New York Stock Exchange

March 24, 2014

AmerisourceBergen on Monday announced that it has reached a definitive agreement to acquire a minority stake in Profarma Distribuidora de Produtos Farmacêuticos S.A., a leading pharmaceutical wholesaler in Brazil.

VALLEY FORGE, Pa. — AmerisourceBergen on Monday announced that it has reached a definitive agreement to acquire a minority stake in Profarma Distribuidora de Produtos Farmacêuticos S.A., a leading pharmaceutical wholesaler in Brazil. In addition, AmerisourceBergen and Profarma will establish a joint venture for specialty distribution and services. 

March 21, 2014

Good things happen in small boxes. That's what Walmart is counting on with the introduction of its latest store concept — Walmart To Go. First the supercenter, then Neighborhood Market, then WalmartExpress and now Walmart to Go. The boxes just keep getting smaller.

But what if Walmart is on to something? What if tomorrow's definition of convenience is ubiquity? Then it makes a lot of sense to start filling in the gaps between the supercenters with smaller formats.

Good things happen in small boxes. That's what Walmart is counting on with the introduction of its latest store concept — Walmart to Go. First the supercenter, then Neighborhood Market, then WalmartExpress and now Walmart To Go. The boxes just keep getting smaller. (Check out photos of the new format.

March 17, 2014

New York Attorney General Eric Schneiderman on Monday joined Ohio Attorney General Mike DeWine in leading an effort to persuade the largest pharmacy chains in the United States to stop selling tobacco products.

NEW YORK — New York Attorney General Eric Schneiderman on Monday joined Ohio Attorney General Mike DeWine in leading an effort to persuade the largest pharmacy chains in the United States to stop selling tobacco products. Along with Schneiderman and DeWine, the Attorneys General of 28 states and territories have written to the CEOs of WalMart, Walgreens, Rite Aid, Safeway and Kroger, asking them to remove all tobacco products from their shelves. 

March 14, 2014

McKesson Specialty Health has announced that its Reimbursement, Access and Safety Services Solution Center in Scottsdale, Ariz., was certified as a Center of Excellence for the fifth consecutive year by BenchmarkPortal.

SCOTTSDALE, Ariz. — McKesson Specialty Health has announced that its Reimbursement, Access and Safety Services Solution Center in Scottsdale, Ariz., was certified as a Center of Excellence for the fifth consecutive year by BenchmarkPortal.

Out of thousands of call centers and all industry segments in North America, the McKesson Specialty Health Solution Center was recognized as a top 100 call center and as a top 10 center in the large-size category for 2013.

March 14, 2014

Wellness empowerment. Even before Rite Aid’s big announcement last week, officially unveiling its newest program, the Rite Aid Health Alliance, those two words more or less reflected every major initiative happening at the company over the last few years: the Wellness stores; its Wellness+, Rite Aid’s health-based loyalty program; the Wellness Ambassadors in its stores… It’s always been about engaging patients in wellness, and empowering them to take steps to improve their health and well being. The Rite Aid Health Alliance takes that commitment down to the “atomic level of patient engagement,” Rite Aid chairman and CEO said last week, at a live event at one of its Buffalo stores.

Through the program, Rite Aid pharmacists together with a new patient care position in Rite Aid stores, the Care Coach, work directly with patients with chronic conditions and poly-chronic conditions to help them meet specific health improvement goals, as outlined by the patient’s physician. Care coaches, who are specially trained in behavior change to help patients address health issues related to lifestyle, work with patients to take their physicians’ recommendations and “break them down into sizeable, understandable milestones,” Jocelyn Konrad, VP healthcare initiatives for Rite Aid, told DSN. Rite Aid’s Health Alliance stores can “become an extension of the physician’s office,” she said. “It’s going to be a different experience for the patient. Whatever [they] need to understand and be motivated, we will work to provide it.”

Wellness empowerment. Even before Rite Aid’s big announcement last week, officially unveiling its newest program, Rite Aid Health Alliance, those two words more or less reflected every major initiative happening at the company over the last few years: the Wellness stores; wellness+, Rite Aid’s health-based loyalty program; the Wellness Ambassadors in its stores… It’s always been about engaging patients in wellness, and empowering them to take steps to improve their health and well being.

March 10, 2014

Rite Aid introduced a new program, dubbed Rite Aid Health Alliance, which is a health management collaboration among various healthcare providers that provides comprehensive care and support to individuals with chronic and poly-chronic health conditions, and helps them achieve health improvement goals established by their physicians.

CAMP HILL, Pa. — Rite Aid introduced on Monday a new program, dubbed Rite Aid Health Alliance, which is a health management collaboration among various healthcare providers that provides comprehensive care and support to individuals with chronic and poly-chronic health conditions, and helps them achieve health improvement goals established by their physicians.

March 7, 2014

Target’s pre-Christmas database breach not only affected the retailer’s fourth-quarter same-store sales, but also contributed to plummeting shopper penetration post-holiday, according to a new report by Kantar Retail.

BOSTON — Target’s pre-Christmas database breach not only affected the retailer’s fourth-quarter same-store sales, but also contributed to plummeting shopper penetration post-holiday, according to a new report by Kantar Retail.

March 6, 2014

At the AmerisourceBergen annual meeting of stockholders here on Thursday, company stockholders elected 10 directors to serve for a one-year term, including: Steven Collis, Douglas Conant, Richard Gochnauer, Richard Gozon, Lon Greenberg, Edward Hagenlocker, Jane Henney, Kathleen Hyle, Michael Long and Henry McGee.

NAPLES, Fla. — At the AmerisourceBergen annual meeting of stockholders here on Thursday, company stockholders elected 10 directors to serve for a one-year term, including: Steven Collis, Douglas Conant, Richard Gochnauer, Richard Gozon, Lon Greenberg, Edward Hagenlocker, Jane Henney, Kathleen Hyle, Michael Long and Henry McGee. 

During the meeting, AmerisourceBergen's president and CEO Steven Collis gave an overview of the company's activities and its results of operations from fiscal year 2013 and the first fiscal quarter of 2014.

March 6, 2014

Kroger danced around "the elephant in the room" in declining to discuss future merger and acquisition plans on its fourth-quarter conference call Thursday morning.

CINCINNATI — Kroger danced around "the elephant in the room" in declining to discuss future merger and acquisition plans on its fourth-quarter conference call Thursday morning. While neither Kroger executives nor analysts actually referenced any potential Safeway transaction, Rodney McMullen, Kroger CEO did provide some color as to what strategic opportunities the company would be interested in: "The thing that was attractive about Harris Teeter as a transaction — it's a well-run company that overall we admired a whole lot," he said.

March 6, 2014

Rite Aid on Thursday posted a 1.5% increase in same-store sales for the five weeks ended March 1.

CAMP HILL, Pa. — Rite Aid on Thursday posted a 1.5% increase in same-store sales for the five weeks ended March 1. February front-end same-store sales decreased 1.8%, of which 0.5% was attributable to a decrease in sales of flu-related over-the-counter products. Pharmacy same-store sales, which included an approximate 138 basis points negative impact from new generic introductions, increased 3.1%. 

March 6, 2014

McKesson on Wednesday announced that its board of directors has elected Anthony Coles as a new independent director, effective April 29, 2014.

SAN FRANCISCO — McKesson on Wednesday announced that its board of directors has elected Anthony Coles as a new independent director, effective April 29, 2014. In connection with Coles’ election, the size of the board of directors was increased from nine to 10 members, nine of whom are independent.

March 6, 2014

Cerberus Capital Management is attempting to lock down a deal to secure Safeway as part of an acquisition that could exceed $9 billion, The Wall Street Journal reported Wednesday.

NEW YORK — Cerberus Capital Management is attempting to lock down a deal to secure Safeway as part of an acquisition that could exceed $9 billion, the Wall Street Journal reported Wednesday

March 5, 2014

Kroger on Wednesday lowered prices on thousands of food and household items and renewed an emphasis on shopping experience, fuel discounts, local products and community relations in the Dallas market, the retailer announced.

DALLAS — Kroger on Wednesday lowered prices on thousands of food and household items and renewed an emphasis on shopping experience, fuel discounts, local products and community relations in the Dallas market, the retailer announced. Within the next two years, Kroger will build six new stores and expand three locations, along with opening multiple fuel centers and remodeling existing properties in the North Texas area. 

March 5, 2014

In the wake of a huge data breach just before the Christmas holiday, Target’s CIO Beth Jacob is resigning, according to published reports.

MINNEAPOLIS — In the wake of a huge data breach just before the Christmas holiday, Target’s CIO Beth Jacob is resigning, according to published reports.

According to a New York Times report, which cites a statement released to the Associated Press, the move is effective Wednesday and the company will look for an interim CIO.

February 28, 2014

The Little Clinic, which operates 114 retail-based health clinics in seven states, has selected VisualDx, a mobile app and online resource used by doctors to diagnose and treat disease, to enhance the care its staff provides to patients, VisualDx maker Logical Images announced.

ROCHESTER, N.Y. — The Little Clinic, which operates 114 retail-based health clinics in seven states, has selected VisualDx, a mobile app and online resource used by doctors to diagnose and treat disease, to enhance the care its staff provides to patients, VisualDx maker Logical Images announced.

The Little Clinic, which is a subsidiary of Kroger, has clinics inside Kroger stores in Georgia, Kentucky, Tennessee and Ohio; King Soopers in Colorado, Fry’s Food Stores in Arizona and JayC in Indiana.

February 27, 2014

Kroger on Thursday announced that its total active work force has grown by more than 7,000 during fiscal year 2013.

CINCINNATI — Kroger on Thursday announced that its total active work force has grown by more than 7,000 during fiscal year 2013. Approximately 90% of the new jobs are in the company's supermarket divisions.

February 26, 2014

Target announced on Wednesday a decline in fourth-quarter sales and earnings; however, executives expressed optimism as they plan for the new fiscal year and work to restore consumer confidence following the data breach.

MINNEAPOLIS — Target announced on Wednesday a decline in fourth-quarter sales and earnings; however, executives expressed optimism as they plan for the new fiscal year and work to restore consumer confidence following the data breach.

February 18, 2014

Recent strategic business initiatives are granting wholesalers more generic drug purchasing power than ever before.

Recent strategic business initiatives are granting wholesalers more generic drug purchasing power than ever before.

Over the last few years, some major deals in the world of drug wholesaling have taken shape. While the business arrangements among the three top wholesalers differ slightly in terms of ownership, benefits and risks, one thing is for certain: all of the agreements will translate into growth opportunities for the companies involved and will help them improve their generic drug sourcing practices.

February 18, 2014

McKesson and Rite Aid on Tuesday announced the signing of an expanded distribution agreement to include both brand and generic pharmaceuticals.

SAN FRANCISCO — McKesson and Rite Aid on Tuesday announced the signing of an expanded distribution agreement to include both brand and generic pharmaceuticals. The new five-year agreement, which extends through March 2019, creates efficiencies for both companies by leveraging the strength of Rite Aid as one of the leading national drug store chains in the United States, and McKesson as a leader in pharmaceutical sourcing and supply chain management, the companies reported. 

February 13, 2014

Rite Aid on Wednesday named the two winners of the 2013 Favorite Pharmacy Team Member contest — a pharmacy cashier from Cliffside Park, N.J., and a loyal customer of the company's store in Mansfield, Mass.

CAMP HILL, Pa. — Rite Aid on Wednesday named the two winners of the 2013 Favorite Pharmacy Team Member contest — a pharmacy cashier from Cliffside Park, N.J., and a loyal customer of the company's store in Mansfield, Mass. Both were selected at random from more than 14,000 entries in the 10th annual contest honoring Rite Aid's pharmacy team members for their commitment to customer care and service.

February 13, 2014

The Little Clinic continues to expand its geographic footprint with openings this month inside Kroger stores in the Cincinnati region and Louisville, Ky.

NASHVILLE — The Little Clinic continues to expand its geographic footprint with openings this month inside Kroger stores in the Cincinnati region and Louisville, Ky.

On Feb. 12, the company opened its newest clinic inside the Kroger Marketplace in Middletown, Ohio.

"Wherever you are in Cincinnati, one of our clinics is not far away," said Ken Patric, chief medical officer for The Little Clinic. "Adding additional clinics in the area allows a greater number of consumers close access to convenient, quality healthcare.”

February 6, 2014

McKesson confirmed that it has completed the previously announced agreement with Franz Haniel & Cie. GmbH to acquire their entire holding of Celesio shares.

SAN FRANCISCO — McKesson on Thursday confirmed that it has completed the previously announced agreement with Franz Haniel & Cie. GmbH to acquire their entire holding of Celesio shares. McKesson also confirmed it has completed the previously announced agreement with an affiliate of Elliott Management to acquire Celesio convertible bonds.  

McKesson now exceeds 75% ownership of Celesio shares on a fully diluted basis.

February 5, 2014

Higi on Tuesday announced an agreement with Rite Aid to become the sole provider of health stations in stores nationwide.

CHICAGO — Higi on Tuesday announced an agreement with Rite Aid to become the sole provider of health stations in stores nationwide. The company will deploy approximately 4,100 higi Stations across the United States beginning in the second quarter of 2014 and projects completion of the rollout by early 2015. 

January 31, 2014

Days following the acquisition of a majority stake in Celesio, McKesson Corp. reported that revenues for the third quarter ended Dec. 31 totaled $34.3 billion, up 10% compared with a year ago.

SAN FRANCISCO — Days following the acquisition of a majority stake in Celesio, McKesson Corp. on Thursday reported that revenues for the third quarter ended Dec. 31 totaled $34.3 billion, up 10% compared with a year ago.  

Third-quarter adjusted earnings per diluted share from continuing operations was $1.45 compared to $1.44 a year ago.  

January 31, 2014

If you don't succeed the first time, try, try again. That's exactly what McKesson did when it announced that it reached an agreement with Franz Haniel & Cie. GmbH to acquire its entire holding of Celesio shares. And in a separate and subsequent agreement, McKesson also picked up the Celesio convertible bonds from Elliott.

Nothing good is ever easy. "While the path to securing this acquisition was certainly not what we had originally expected, it would seem that the interested parties to this transaction continued to see the compelling strategic benefit of McKesson and Celesio uniting to form a global leader in health care services," John Hammergren, McKesson chairman, CEO and president, said of the deal. "I never lost sight of the value this transaction will bring to our customers, our supply chain partners, the employees of both organizations and our shareholders."

If you don't succeed the first time, try, try again. That's exactly what McKesson did when it announced that it reached an agreement with Franz Haniel & Cie. GmbH to acquire its entire holding of Celesio shares. And in a separate and subsequent agreement, McKesson also picked up the Celesio convertible bonds from Elliott.