6 result(s) displayed (1 - 6 of 6):

Rite Aid gains an inch in three-way pharmacy race (from Corporate Dealmaker)

Quarterly results from No. 3 pharmacy chain Rite Aid Corp. (NYSE:RAD) and Walgreen Co. (NYSE:WAG) give us a chance to update the three-way race among the country's largest drugstore chains. As we detailed in a magazine column in May, this one is a corporate strategy classic. Each of the three...

Posted on June 25, 2009 9:55 AM

Wal-Mart's convenient-care play (from Corporate Dealmaker)

Ever alert to news about companies executing growth strategies, we naturally noticed BusinessWeek's Wednesday report on the adventures of Wal-Mart Stores Inc. (NYSE:WMT) as it tries to develop a network of in-store retail medical clinics. BW reports that the retail giant has been at it for a couple of years,...

Posted on June 19, 2009 8:30 AM

CVS-Caremark merger called into question (from Corporate Dealmaker)

The Federal Trade Commission was asked to re-evaluate a 2007 deal where CVS bought Caremark Rx Inc. for $26 billion to create CVS Caremark Corp. (NYSE:CVS). The National Community Pharmacists Association, with about 23,000 member pharmacies, says: "Community pharmacists have received many complaints from patients and pharmacists about CVS Caremark's...

Posted on May 14, 2009 9:01 AM

Wal-Mart ups ante in pharmacy fight (from Corporate Dealmaker)

In The Deal magazine this week, we take a look at deal activity among the big drugstore chains, which have been vying to build national retail networks and add related businesses as the healthcare system evolves. Walgreen Co. (NYSE:WAG) and CVS Caremark Corp. (NYSE:CVS) each has its own approach. The...

Posted on May 4, 2009 9:49 AM

Walgreen bankruptcy buy: Drugstore giants keep growing (from Corporate Dealmaker)

Walgreen Co., formerly the No. 1 drugstore chain in terms of store count, is now No. 2 to CVS Caremark Corp. CVS passed Walgreen this January when it closed on its acquisition of Longs Drug Stores, which has 526 stores. That made the count nearly 7,000 stores for ...

Posted on April 28, 2009 1:25 PM

Rite Aid write-down shows challenges of drugstore deals (from Corporate Dealmaker)

For a few years now, the consensus has been that consolidation among the drugstore chains is inevitable. That's not to say it's easy to execute, though.Friday's reminder on that count comes from Rite Aid Corp. (NYSE:RAD), which posted a quarterly loss of $2.3 billion. As  MarketWatch explains, the debt-burdened company...

Posted on April 3, 2009 9:58 AM