Sears Holdings Corp. said Friday that it increased the borrowing amount on its domestic revolving credit facility to $3.275 billion from $2.441 billion. Get the full story »
Inside these posts: Pharmacy
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Walgreen December sales rise 7.5%
Walgreen Co.’s December sales rose 7.5 percent to $6.81 billion, the biggest U.S. drugstore chain said on Wednesday. The performance was helped by Duane Reade, which made up 2.5 percentage points of the total sales increase. Walgreen purchased Duane Reade for $623 million in April 2010. Get the full story »
SXC Health buys pharmacy provider MedfusionRx
Lisle-based pharmacy benefit management firm SXC Health Solutions Corp. said Thursday it has agreed to buy specialty pharmacy provider MedfusionRx LLC for US$100 million. Get the full story »
Walgreens to outsource 150 accounting jobs
Walgreen Co.’s headquarters expects to outsource as many as 150 accounting jobs by mid-2011 to India’s Genpact, which recently acquired Walgreens’ 500-employee accounting office in Danville. Get the full story >>
Walgreens introduces live pharmacy chat
Walgreens unveiled a new service Thursday that makes it possible for pharmacy customers to chat with a pharmacist online 24 hours a day.
Available at Walgreens’ Web site, customers register online to give a pharmacist access to their prescription information, just as they would in a pharmacy, and a registered pharmacist pops up in a chat window to answer confidential prescription-related questions. Get the full story »
Redbox strikes deal with CVS
(AP Photo/Elaine Thompson)
Oakbrook Terrace-based Redbox announced Thursday that it has reached a deal with CVS/pharmacy to roll out DVD rental kiosks at CVS and Longs Drugs locations nationwide and in Puerto Rico.
The $1-per-night DVD vendor, a subsidiary of Coinstar Inc., said about 700 kiosks will arrive at CVS locations by the end of 2010, and expand to thousands of locations by the end of 2011. Get the full story »
Aetna deal offsets 2Q weakness at CVS Caremark
CVS Caremark Corp. Wednesday reported weaker quarterly earnings and lowered its profit forecast, but shares rose as investors approved of a large pharmacy benefit management services contract struck with Aetna.
CVS Caremark will administer Aetna’s retail pharmacy store network and manage customer service. It will also handle prescription drug purchasing, manage inventories and fill prescriptions for Aetna’s mail-order and specialty pharmacy operations. The contract will ramp up over several years and bring in revenue of $8.2 billion next year. CEO Tom Ryan said the 12-year contract is the largest and longest contract in the industry. Get the full story »
