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SCOTTSDALE, Ariz. — Matrixx Initiatives on Tuesday announced that it has entered into a definitive merger agreement to be acquired by affiliates of private equity firm H.I.G. Capital.

The board of directors of Matrixx unanimously has approved the merger agreement. Under the terms of the merger agreement, affiliates of H.I.G. will commence a tender offer to purchase all of the outstanding shares for approximately $75.2 million.


NEW YORK — Walgreens. Costco. CVS Caremark. Rite Aid. H-E-B. Wegmans. Kerr Drug. The list goes on. In all, it was a veritable who’s who of retailing as Drug Store News’ annual Industry 
Issues Summit, which also included a Specialty Pharmacy Roundtable and Diabetes Roundtable, attracted more than 200 attendees — a new attendance record — and featured the most diverse retail panelists to date.


WHAT IT MEANS AND WHY IT'S IMPORTANT — This is part of the future of health care that Walgreens envisioned when it first began to make a major commitment to specialty pharmacy — it knew it could save payers and patients a whole lot of money.

(THE NEWS: Walgreens promotes big savings via monitored oncology Rx therapy. For the full story, click here)

NORTH ATTLEBORO, Mass. Health Enterprises will host Olympic gold medalist Megan Jendrick at its booth Nov. 15 at the Private Label Manufacturers Association’s Private Label Trade Show in Chicago.

Jendrick is an accomplished athlete with a training schedule that includes swimming 8,000 meters a day in preparation for the 2012 Summer Olympics. She has endorsed two Health Enterprise products: AfterSwim and Swim-Fit.

CINCINNATI Procter & Gamble's Children's Safe Drinking Water program announced its second initiative to provide clean drinking water in the developing world through the 2010 Clinton Global Initiative.

BUFFALO, N.Y. Greenwood Group and NCL & Associates on Tuesday announced a strategic alliance designed to offer a wide variety of services to companies that are at various stages of their development and to provide a platform for success.

Effective Sept. 1, NCL will focus its consulting work in four core areas -- diabetes products, services and information; pre-market and pre-commercialization of healthcare products and related services; private equity/venture capital assistance and research; and consulting for retailers, wholesalers and other trade channels.

WHAT IT MEANS AND WHY IT’S IMPORTANT For more than a decade, retail pharmacy advocates have worked to convince every stakeholder in the U.S. healthcare system -- physicians, payers, policy-makers and patients themselves -- that community pharmacists have a lot more to offer the nation’s massive health-and-wellness network than simple medication dispensing and basic counseling. As the health-reform debate reached a crescendo last year, those arguments on behalf of pharmacy’s value found their way into congressional hearings and onto the pages of many newspapers.