Chain Drug Review articles from December 2005

Chain Drug Review archives from December 2005

Dreiling succeeds Cuti as CEO at Duane Reade.(News)(Richard Dreiling)(Tony Cuti)(Brief Article)
December 19, 2005... NEW YORK -- Duane Reade Inc. has named former Longs Drug Stores executive Richard Dreiling as president and chief executive officer. He replaces Tony Cuti, who held the post for the past nine years. Dreiling, whose retailing career has...

SDM takes customized approach.(News)(Shoppers Drug Mart Ltd.)(Company Profile)
December 19, 2005... TORONTO -- Shoppers Drug Mart (SDM), Canada's largest and most successful drug chain, has taken retail marketing and branding to a new level, with an ambitious program designed to tailor its most important departments to the customers who shop...

Medicare drug benefit comes with a downside.(News)
December 19, 2005... NEW YORK -- The new Medicare prescription drug benefit, due to go into effect next month, may cause headaches for chain drug retailers and pharmacy patients alike. For drug chains the pain could come in the form of reduced profits. An...

Medicaid cuts move forward in Congress.(News)
December 19, 2005... NEW YORK -- Retail pharmacy suffered a setback last month when the Republican leadership in the U.S. House succeeded in passing a modified version of the Deficit Reduction Act of 2005 (HR 4241) by a mere two votes. The victory came a week...

Drug Fair is sold to group of investors.(News)(Drug Fair of New Jersey)(Brief Article)
December 19, 2005... SOMERSET, N.J. -- The CDI Group, the parent company of Drug Fair of New Jersey, has been acquired by an affiliate of a Florida-based investment firm. The affiliate of Boca Raton, Fla.-based Sun Capital Partners Inc. paid an undisclosed...

CVS joins AARP employment plan.(News)(American Association of Retired Persons )(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- CVS Corp. has partnered with the AARP to help employ Americans age 50 and over. As a participant in the AARP's Featured Employers program, CVS will work to attract mature workers looking for an opportunity to continue...

NACDS to roll out online advocacy center.(News)(National Association of Chain Drug Stores)(Brief Article)
December 19, 2005... NEW YORK -- The National Association of Chain Drug Stores next month will launch the Center for Advocacy and Public Affairs, an online education and lobbying resource. Taking advantage of blog technology, the center will continuously...

First clinic at Duane Reade debuts.(News)(InterFit Health)(Brief Article)
December 19, 2005... NEW YORK -- Duane Reade Inc. has partnered with InterFit Health, the largest provider of retail health-screening services in the United States, to launch the first RediClinic in the Duane Reade location at 50th Street near Times Square here....

CMS, NDCHealth tout Part D navigation tool.(News)(Centers for Medicare and Medicaid Services)(Medicare Part D)
December 19, 2005... ATLANTA -- On December 1, one month before the new Medicare prescription drug plan is due to go into effect, the Centers for Medicare and Medicaid Services (CMS) and NDCHealth Corp. announced that a new system has been developed to help...

Walgreens disciplines four of its pharmacists.(News)
December 19, 2005... DEERFIELD, Ill. -- Four pharmacists who refused to fill prescriptions for the emergency contraceptive known as Plan B were placed on indefinite unpaid leave by Walgreen Co. earlier this month. The four pharmacists--all who work the St....

DrugMax bolsters management team.(News)(appointments)
December 19, 2005... FARMINGTON, Conn. -- Specialty pharmacy and drug distribution provider DrugMax Inc. has named the company's chief executive officer, Ed Mercadante, to the post of chairman. Mercadante, who retains the title of chief executive officer, had...

NACDS charity dinner.(News)(National Association of Chain Drug Stores)(Brief Article)
December 19, 2005... The NACDS Foundation's seventh annual dinner earlier this month attracted a record number of executives from retail and supplier companies across North America. The event--held in conjunction with the association's annual board meeting in...

Execs bullish about impact of RFID on Rx supply chain.(News)(radio frequency identification technology)
December 19, 2005... ARLINGTON, Va. -- Chain drug store operators could initially save thousands of dollars annually through implementation of radio frequency identification (RFID) technology, asserts Dave Bernauer, chairman and chief executive officer of Walgreen...

Display tracking system 'revolutionary'.(News)(Brief Article)
December 19, 2005... DEERFIELD, Ill. -- Walgreen Co. has inked a multiyear pact with Goliath Solutions to install radio frequency identification (RFID) display tracking technology chainwide. Working initially with 15 consumer packaged goods manufacturers,...

A new twist on gift cards at Walgreens.(News)(Great American Days)(Brief Article)
December 19, 2005... DEERFIELD, ILL -- Walgreen Co. has teamed up with Great American Days, the nation's leading experience gifts company. Walgreens customers can now give someone "the experience of a lifetime"--a choice of more than 6,000 exciting and...

Albertsons given award for environmental efforts.(News)(Brief Article)
December 19, 2005... BOISE, Idaho--The International Council of Shopping Centers and the Environmental Protection Agency have given Albertsons Inc. an America's Marketplace Recycles award. The honor recognizes the company for recycling programs in its 2,500...

Pathmark names Jessick chairman.(News)(Pathmark Stores Inc.)(David Jessick)(Brief Article)
December 19, 2005... CARTERET, N.J. -- Pathmark Stores Inc., a regional supermarket chain with pharmacies in most of its 142 stores, has selected a former Rite Aid Corp. executive as its chairman. David Jessick, previously senior executive vice president and...

Kerr health care center.(Kerr Drug's Community Health Care Center)(Brief Article)
December 19, 2005... Expanded health screenings, an extensive selection of mobility aids and women's health resources are just some of the offerings at the recently opened Community Health Care Center by Kerr Drug. The facility, in Lenoir, N.C., also offers a...

Retailers form alliances to deal with new Medicare drug benefit.(News)
December 19, 2005... NEW YORK -- Three drug chains have announced new joint ventures with Medicare Part D prescription drug plans (PDPs). Rite Aid Corp. and Longs Drug Stores will comarket Cigna HealthCare's PDP, while Medicine Shoppe International Inc. (MSI)...

PLMA's store brands celebration.(News)(Private Label Manufacturers Association )
December 19, 2005... ROSEMONT, Ill. -- The Private Label Manufacturers Association (PLMA) welcomed more than 4,000 retailers, wholesalers and others to its "Store Brands Celebration" here on November 13 through November 15. The show presented more than 2,000...

More mass retailers set sights on PL shoppers.(News)(private label products)(Information Resources Inc.)
December 19, 2005... CHICAGO -- Supercenters, discount stores and warehouse club outlets are increasingly targeting purchasers of private label products, which have long been the fare of such traditional retail formats as drug stores and supermarkets. The...

Store brands build status via growth.(News)(Information Resources Inc.)
December 19, 2005... NEW YORK -- Private label products rank among the fastest-growing in drug stores, according to Information Resources Inc. (IRI). Private label light bulbs, in fact, top the list of the 50 fastest-growing brands. The ranking takes sales for...

Baby Magic, Binaca sold to Cenuco.(Supplier News)(Playtex Products Inc.)(Brief Article)
December 19, 2005... WESTPORT, Conn. -- Playtex Products Inc. has sold off its noncore brands, including Baby Magic and Binaca, to Cenuco Inc. for $57 million. Cenuco is the parent company of Lander, a health and beauty care products supplier. "The...

Almay to start new year with blast.(Supplier News)(Brief Article)
December 19, 2005... NEW YORK-- Revlon Inc.'s Almay brand is not only launching a number of innovative products in time for the beginning of 2006 but is also making them available on a exciting new display wall. The wall incorporates the "Almay 1-2-3" concept,...

Markwins taps Koeppl to head new division.(Supplier News)(Markwins International Corp.)(James Koeppl)(Brief Article)
December 19, 2005... CITY OF INDUSTRY, Calif. -- Markwins International has named James Koeppl president of its newly established Markwins North America division. Formed by integrating Markwins Beauty Products and Markwins International Cosmetics, the new...

Energizer promo tied to Disney release.(Supplier News)(Energizer Holdings Inc.)(Walt Disney Pictures and Television)(Brief Article)
December 19, 2005... ST. LOUIS -- Energizer Holdings Inc. has teamed up with Walt Disney Pictures and Walden Media for a promotional item that is tied to the December release of the motion picture The Chronicles of Narnia: The Lion, The Witch, and The Wardrobe. ...

Physicians Formula in skin care fray.(Supplier News)(Pierre Fabre Inc.)(Brief Article)
December 19, 2005... NEW YORK -- Pierre Fabre Inc.'s Physicians Formula brand is poised to take its unique beauty solutions to skin care. "All of the stars are aligned for this," says Physicians Formula senior vice president of marketing Ingrid Jackel-Marken....

Hershey's Kissables tiny, multicolored.(Supplier News)(Brief Article)
December 19, 2005... HERSHEY, Pa. -- The Hershey Co. has extended its candy line with Hershey's Kissables, adding a twist to its classic Hershey's Kisses chocolate brand. Hershey's Kissables are miniature candy-coated versions of Kisses. They come in blue,...

P&G readies CoverGirl intros.(Supplier News)(Procter & Gamble Co.)
December 19, 2005... HUNT VALLEY, Md. -Procter & Gamble Co.'s (P&G's) CoverGirl brand is poised to welcome the new year with a number of innovative products. Advanced Radiance Age Defying liquid makeup is billed as "instantly taking five years off the look of...

Jason gives Ester-C line new formulas, new look.(Supplier News)(Jason Natural Products)(Brief Article)
December 19, 2005... CULVER CITY, Calif. -- Jason Natural Products is relaunching its Ester-C skin care line with new formulas and sleek new packaging. The line combines vitamin C with all-natural, botanical formulas that help repair, firm, brighten and protect...

Duracell updates advertising campaign.(Supplier News)(Brief Article)
December 19, 2005... BETHEL, Conn. -- Duracell, a division of Proctor & Gamble Co., unveiled its latest "Trusted Everywhere" commercial, set in the icy waters of the Antarctic Ocean. The 30-second spot, developed in collaboration with the National Geographic...

Woodridge offers means to eliminate dark circles.(Supplier News)(Woodridge Labs Inc.)
December 19, 2005... LOS ANGELES -- Woodridge Labs Inc. has introduced a product that is specifically formulated to remove dark circles and puffiness from under the eyes. According to the company, Under EyeBryten contains three ingredients that have never...

Progress at Longs is reflected in earnings.(Business)(Longs Drug Stores Corp.)
December 19, 2005... WALNUT CREEK, Calif. -With lower operating and interest costs countering the effects of reduced gross margins, Longs Drug Stores saw third quarter earnings vault more than 40% on anemic top-line growth. Net income for the 13 weeks ended October...

Chain drug stocks in step with overall market.(Business)
December 19, 2005... NEW YORK -- Chain drug stocks resumed their winning ways during November. Analysts believe that the industry's long-term fundamentals remain strong, since the baby-boom generation continues to mature, fueling greater demand for...

Onetime items take toll on drug store suppliers' profits.(Business)
December 19, 2005... NEW YORK -- With results at most companies reflecting the effects of special charges or other unusual or onetime items, major manufacturers of core drug store merchandise emerged from the third quarter of 2005 with a collective 6%...

Drugstore.com in red despite strong sales.(Business)
December 19, 2005... BELLEVUE, Wash. -- Drugstore.com inc. posted double-digit top-line growth during the three months ended October 2, and also saw its net loss narrow sharply from a prior-year deficit that was exacerbated by a big impairment charge. However, with...

When a drug chain is still a family affair.(My Turn)
December 19, 2005... Happy Harry's is ready for Christmas. The week before Thanksgiving the retailer's three Wilmington, Deh, drug stores are already tricked out for the holiday. Across the front of the store on Market Street, once home to a bi-level...

Drug chains should work to raise their profile.(My Turn)(Gallup Organization)
December 19, 2005... Two recent surveys about attitudes toward business point to a significant disjunction in people's perceptions of chain drug retailers. The Gallup Organization's annual poll examining Americans' view of the honesty and ethics of people in...

Ryan says CVS is in the 'sweet spot' for growth.(CVS Corp: The Community Pharmacy ... And More)(Tom Ryan)(Company Profile)
December 19, 2005... WOONSOCKET, R.I. -- CVS Corp. is running full throttle. The retailer is No. I in the chain drug industry in store count and second in total sales. It is the top or second-place player in 73% of its markets, including seven of the 10 largest...

Making things easy for customers is company's mission.(CVS Corp: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- The growth of CVS has been propelled by a corporate culture focused on customers' needs and encouraging entrepreneurial skills of people throughout the organization to meet those needs. As much as the chain drug...

Appetite for expansion remains unsatisfied.(CVS Corp: The Community Pharmacy ... And More)(Company Profile)
December 19, 2005... WOONSOCKET, R.I. -- CVS this year opened upwards of 300 new or relocated stores. Its net increase was 125 stores, boosting its square footage by almost 4%. Similar growth is expected in 2006. Much of the expansion is coming in the chain's...

1963.(CVS Corp: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- On May 9, 1963, Stanley Goldstein, his brother Sid and a partner, Ralph Hoagland, opened a health and beauty aids outlet in Lowell, Mass., under the name "Consumer Value Store." The outlet was an initiative of Mark Steven...

Margins will benefit from boom in generics use.(CVS: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- The increasing penetration of generic drugs in the pharmaceutical market has tremendous implications for CVS, chairman, president and chief executive officer Tom Ryan said this year. From 1995 to 1999 about $11 billion...

Graying of America fuels demand.(CVS Corp: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- One of the most favorable demographic trends for CVS is the aging of the population. People over age 65 take significantly more prescription medicines than younger Americans, CVS chairman, president and chief executive...

Customer needs dictate store hours.(CVS Corp: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- As more consumers deal with the time constraints of double-income households, CVS has increased its number of 24-hour and extended-hour stores. According to a report by the Council of Economic Advisors, dual-earning...

1967.(CVS Corp: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- In 1967 CVS reached a watershed, opening its first stores with pharmacies in Cranston and Cumberland, R.I. The decision would ultimately propel the company to the top of the retail pharmacy business. Although only six...

CVS assimilation of Eckerd is one for the textbooks.(CVS Corp: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- With its acquisition of part of the Eckerd Corp. empire last year, CVS Corp. became America's largest drug chain by store count, operating more than 5,400 outlets in 37 states. While striking a deal with Eckerd owner...

New structure gets better results.(CVS: Eckerd Acquisition)
December 19, 2005... WOONSOCKET, R.I. -- From an operational standpoint, CVS executives knew from the start that the 1,263 Eckerd Corp. stores they acquired would not be run in the same way that Eckerd had run them. "One of the first things we determined was...

Quick IT conversion is a key to revitalization.(CVS: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- Few tasks involved in integrating more than 1,200 former Eckerd drug stores into the CVS network proved more challenging than converting the information technology systems. The company rose to the challenge. Few aspects...

1985.(CVS: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- The year 1985 saw CVS enter an elite club--the fraternity of billion-dollar retailers. Sales for the year jumped 16% to $1.02 billion, fueled by a 9.5% gain in comparable-store sales. At the time the chain was noted for...

Deal makes CVS power in big Southern states.(CVS: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- Few events in chain drug retailing over the past decade have had as significant an impact on which companies control America's drug store business than the sale of Eckerd in the summer of 2004. By acquiring the more...

Battle for chain drug industry lead intensifies.(CVS: The Community Pharmacy ... And More)
December 19, 2005... NEW YORK -- The race between CVS and Walgreen Co. for dominance in America's largest drug store markets could not be much tighter. Each chain controls an almost identical portion of the nation's most lucrative drug store markets, and in...

CVS associates have tools to make it easy for customers.(CVS Stores)
December 19, 2005... WOONSOCKET, R.I. -- With close to 5,400 drug stores in 37 states and the District of Columbia, CVS Corp. works hard to make its stores destinations for shoppers. As it strives to stay a step ahead of the competition the drug chain is...

Curving drive aisle is core of newest format.(CVS: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- Despite being extremely successful in getting shoppers into its stores and making the experience for them as pleasurable as possible, CVS continues to experiment with new formats. The latest is its Life prototype, a...

Evolution of the stores never stops.(CVS: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- CVS prefers to refine rather than constantly reinvent its stores, according to chairman, president and chief executive officer Tom Ryan. "You always need to evolve," he said earlier this year. The main issue for the...

CVS tackles the tough issues that face community Rx.(CVS Pharmacy)
December 19, 2005... WOONSOCKET, R.I. -- Issues ranging from the new Medicare prescription benefit to the role of generics in America's increasingly costly health care system will change the face of community pharmacy in the years ahead, according to CVS Corp. vice...

Benefits managers 'look beyond' mail.(CVS: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- While mail-order providers have taken away some business from community pharmacies in recent years, CVS is at the forefront of the battle to level the playing field, senior vice president of pharmacy merchandising Matt...

A conducive workplace for retail pharmacists.(CVS: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- The pharmacy business presents many challenges, but CVS is poised to meet them, according to senior vice president of store operations Jon Roberts. The chain's first- or second-lace share in 73 of the top 100 drug store...

Capitalizing on synergies with O-T-C remedies.(CVS: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- Community pharmacists have manifold opportunities to advise patients on nonprescription drugs, according to CVS senior vice president of store operations Jon Roberts. As the most trusted and accessible health care...

Acquisitions help build business.(CVS: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- CVS is always looking for ways to expand its store base and increase its customer traffic. To that end, the drug chain operates one of the industry's most aggressive pharmacy file-buying programs and is constantly on the...

Chain a leader in the fight against meth.(CVS Corp: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- To fight methamphetamine manufacturing CVS this summer moved all over-the-counter single-ingredient pseudoephedrine products behind the pharmacy counter. Pseudoephedrine is the primary precursor ingredient that can be...

'CVS pharmacists are always ready'.(CVS: Know Your Pharmacist)
December 19, 2005... WOONSOCKET, R.I. -- The pharmacist/patient relationship is at the heart of CVS Corp. As a health care retailer the drug chain strives to foster interaction between pharmacists and customers wherever and whenever possible. Indeed, that...

Medicare patients get a helping hand.(CVS: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- Gearing up for the Medicare prescription drug benefit that is scheduled to go into effect January I has been one of the greatest challenges community pharmacists have faced in some time. Over the past few months CVS has made...

Dinesh Puthigai, pharmacist, Sugar Land, Texas.(CVS: The Community Pharmacy ... And More)
December 19, 2005... SUGAR LAND, Texas -- When Dinesh Puthigai says his technicians deserve their share of credit for his pharmacy's success, he puts his money where his mouth is. The pharmacist gave each of his five technicians a share of his 2004 bonus,...

Betty Fisk, pharmacist, Hialeah, Fla.(CVS: The Community Pharmacy ... And More)
December 19, 2005... HIALEAH, Fla. -- Betty Fisk never knew she had a passion for teaching, but when CVS executives asked her a few years ago if she would like to have her pharmacy become a training store for new pharmacists in the Sunshine State she jumped at the...

Glenn Bolyard, pharmacist, Glen Allen, Va.(CVS: The Community Pharmacy ... And More)
December 19, 2005... GLEN ALLEN, Va. -- The Federal Emergency Management Agency could learn a thing or two about hurricane response from Glenn Bolyard. The CVS pharmacist was among the first wave of relief workers to arrive in New Orleans after Hurricane...

Rhonda McDonald, pharmacist, Crawfordsville, Ind.(CVS: The Community Pharmacy ... And More)
December 19, 2005... CRAWFORDSVILLE, Ind. -- After nearly a quarter of a century behind the counter, Rhonda McDonald has lost none of her passion for community pharmacy. "Even though it has changed so much over the years, I still enjoy this profession," the...

Bruce Smith, pharmacist, Fall River, Mass.(CVS: The Community Pharmacy ... And More)
December 19, 2005... FALL RIVER, Mass. -- Bruce Smith's first attempt at securing a pharmacy position with CVS ended in disappointment. But shortly thereafter he learned that the person who would one day be elevated to chairman, president and chief executive...

Ellen Pulawski, pharmacist, Woonsocket, R.I.(CVS: The Community Pharmacy ... And More)
December 19, 2005... WOONSOCKET, R.I. -- It is not easy for Ellen Pulawski to talk about the "typical" day at a specific CVS pharmacy. "Since I work 30 hours a week and in different stores, it's difficult to describe store- or community-specific issues," she...

Brian Teal, Pharmacist, Easley, S.C.(CVS: The Community Pharmacy ... And More)
December 19, 2005... EASLEY, S.C. -- Since beginning his career with CVS 15 years ago at age 17, Brian Teal has taken on numerous challenges, perhaps none bigger than counseling patients about Medicare Part D. "Right now about one in three seniors that come...

Rick King, Pharmacist, English, Ind.(CVS: The Community Pharmacy ... And More)
December 19, 2005... ENGLISH, Ind. -- CVS pharmacist Rick King knows how much residents in this small rural community depend on his store not only as a place to get their prescriptions filled but also as a center of health care information and activity. "We...

Dennis Fisher, Pharmacist, Dayton, Ohio.(CVS: The Community Pharmacy ... And More)
December 19, 2005... DAYTON, Ohio -- For CVS pharmacist Dermis Fisher community pharmacy is truly about the community. A former hospital pharmacist, the 54-year-old Fisher has developed a number of programs with local organizations to deliver pharmacy care to...

Do Kim, Pharmacist, Union City, N.J.(CVS: The Community Pharmacy ... And More)
December 19, 2005... UNION CITY, N.J. -- Counseling customers by providing them with information about prescription usage and warning them about potential interactions with other drugs is a responsibility that Do Kim relishes every day at his store here. "We...

Courtney Goodman, Pharmacist, Annandale, Va.(CVS: The Community Pharmacy ... And More)
December 19, 2005... ANNANDALE, Va. -- Courtney Goodman exemplifies the pharmacist as caregiver. Her profession compels her to see families through illnesses, even the most intractable. That explains why the CVS pharmacist has been to many funerals of...

Cynthia Colazzi-Tucker, Pharmacist, Daytona Beach, Fla.(CVS: The Community Pharmacy ... And More)
December 19, 2005... DAYTONA BEACH, Fla. -Cynthia Colazzi-Tucker has been a driving force in developing a team of dedicated pharmacy professionals who truly care about their patients, both in her store here as well as in her role as a district training pharmacist....

Allen Friedman, Pharmacist, Philadelphia.(CVS: The Community Pharmacy ... And More)
December 19, 2005... PHILADELPHIA -- After 22 years on the job Allen Friedman is as dedicated to being a pharmacist as ever. That was evident this summer and fall when he missed 10 weeks of work because of a bicycling accident. Three broken ribs and a broken...

Michael Stewart, Pharmacist, Whitehall, Ohio.(CVS: The Community Pharmacy ... And More)
December 19, 2005... WHITEHALL, Ohio -- For Michael Stewart, providing courteous service and tending to his customers' every need are critical to being a successful pharmacist. But, the 48-year-old West Virginia native notes, there is one additional factor...

With PharmaCare, CVS covers all bases in pharmacy.(CVS: The Community Pharmacy ... And More)
December 19, 2005... LINCOLN, R.I. -- CVS Corp.'s PharmaCare subsidiary continues to expand as its forges strong relationships throughout the health care industry. According to Greg Weishar, president and chief executive officer of the pharmacy benefits...

'The best partner to get us there in the future'.(CVS: The Community Pharmacy ... And More)
December 19, 2005... LINCOLN, R.I. -- PharmaCare, a subsidiary of CVS, has charted a successful course for growth that will benefit the business next year and beyond. Early in 2005 the pharmacy benefits management company garnered a new client, the Buyers...

Gearing up for 'groundbreaking benefit'.(CVS: The Community Pharmacy ... And More)
December 19, 2005... LINCOLN, R.I. -- The Medicare Part D benefit begins in just a few days, but CVS's PharmaCare subsidiary has been working for months to make certain clients are prepared for the prescription drug program. The preparations by the pharmacy...

PBM founded with goal of preserving choice, driving innovation.(CVS: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- In 1994 CVS launched its PharmaCare pharmacy benefits management company (PBM). A wholly owned subsidiary of CVS, PharmaCare was created to work with health maintenance organizations, insurance companies, business...

PharmaCare teams up with Universal American for PDP.(CVS: The Community Pharmacy ... And More)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- Earlier this year CVS' PharmaCare Management Services Inc., in conjunction with the insurance company Universal American Financial Corp., was cleared by the Centers for Medicare and Medicaid Services to operate a Medicare...

A year of superlatives in marketing, merchandising.(CVS: Marketing & Merchandising)
December 19, 2005... WOONSOCKET, R.I. -- While CVS Corp. executive vice president of merchandising and marketing Chris Bodine has seen the drug chain's store count rise dramatically during his 20-year tenure with the retailer, he has watched its operational talent...

1990.(CVS: The Community Pharmacy ... And More)(mergers and acquisitions)(Brief Article)
December 19, 2005... WOONSOCKET, R.I. -- In June 1990 CVS' parent company, Melville Corp., stunned the chain drug industry by acquiring Peoples Drug Stores Inc., a 500-store chain owned by Toronto-based Imasco Ltd., for $330 million. At a stroke, the move made...