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Rite Aid CEO To Leave The Drugstore Chain
Rite Aid said its chief executive officer Heyward Donigan is leaving the company, which has struggled to become profitable in her three-year reign.
Walgreens Has 200 VillageMD Clinics Attached To Stores As Doctor Network Takes Off
Walgreens-backed doctor clinic operator VillageMD now has a network over more than 680 locations across the U.S. including 200 adjacent to the pharmacy chain’s U.S. drugstores.
Opioid Settlement Drags Walgreens To $3.7 Billion Loss
Walgreens reported a $3.7 billion loss to cover its share of a massive global settlement of claims its pharmacies contributed to the opioid epidemic.
Amazon’s One Medical Deal Wins Over State Regulator Not Worried About Price Increases
Amazon’s proposed acquisition of primary care provider One Medical was cleared by the Oregon Health Authority, which had no “concerns about price increases.”
Centene Bounces Back With California Medicaid Contracts
Centene has landed several new contracts to administer Medicaid benefits in California, boosting the health insurer’s financial outlook.
2023: The Year Medicare Advantage Begins To Dominate Traditional Medicare
With one in two seniors now enrolled in the privatized health plan alternative to traditional Medicare known as “Medicare Advantage,” look for growth to escalate in 2023 and beyond.
Rite Aid May Close Even More Stores In 2023
Rite Aid, which has already been closing unprofitable stores for the last year, may close even more, executives disclosed Wednesday.
Rite Aid Loss Hits $67 Million As Covid Vaccination And Testing
Rite Aid reported a quarterly loss of more than $67 million due in part to “a reduction in COVID vaccine and testing revenue.”
Amazon Could Fuel Doctor Buyouts In 2023 If One Medical Deal Goes Through
The already hot market of buying physician practices is about to get even hotter should Amazon’s proposed acquisition of One Medical win regulatory approval.
Centene CEO Shakes Up Management Team
Health insurer Centene shuffled its senior management ranks, elevating Ken Fasola to become president of the company and promoting two other executives.
