Pharmacy

Rite Aid Offloads Pharmacy Assets of 1,000 Locations to Several Rivals

Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations. CVS Pharmacy was the biggest buyer, snapping up the prescription […]

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Guardian Pharmacy Services Expands Midwest Long-Term Care Footprint with Wichita, Kansas Pharmacy Acquisition

Guardian Pharmacy Services, Inc. (NYSE: GRDN), one of the nation’s largest and most innovative long-term care (LTC) pharmacy services companies, announces the acquisition of Senior Care Pharmacy in Wichita, Kan. The acquisition expands Guardian’s operations into south central and southwest Kansas, strengthening its overall presence across the state and enabling it to bring its high-quality

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CVS Beats Wall Street Expectations, Plans to Withdraw from ACA Business

CVS Health delivered first-quarter results that beat Wall Street expectations, but said its Aetna unit plans to withdraw next year from the Affordable Care Act exchange business, where the insurer is losing money. Improvements in Aetna’s results, which were a drag on CVS’s earnings last year, helped buoy the company’s first-quarter performance. CVS’s healthcare-benefits segment

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