Retail pharmacies—long a critical healthcare resource in the United States—are under mounting pressure that has led to bankruptcies and store closures. Since 2017, roughly 8,600 retail pharmacy locations have closed (13.5 percent), spanning chains, independents, and other types. One reason for that strain is that legacy drug-pricing models have failed to keep pace with rising […]
McKinsey: A New Dose for Pharmacies Read More »
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McKinsey: A New Dose for Pharmacies Read More »
Retail and e-commerce giants are rapidly expanding their presence in pharmacy services, prompting new concerns among hospital and health system leaders about losing ground in patient access and workforce recruitment. Amazon, for example, is significantly scaling its pharmacy footprint. Walmart is taking a different approach, focusing heavily on its workforce. Other major players are making
Retail Pharmacy Growth Raises Stakes for Hospitals Read More »
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The private equity firm that acquired Walgreens as part of a $10 billion deal plans to double the pharmacy chain’s profitability over the next several years, according to people familiar with the matter. Sycamore Partners, a New York-based buyout firm, wants to grow the retailer’s earnings before interest, taxes, depreciation, and amortization to $4 billion,
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Noom, the leading behavior change company, announces it has finalized its acquisition of Tailor Made Compounding (“TMC”), a licensed 503A pharmacy operating in 46 states, including California. The acquisition marks Noom’s largest investment to date in healthy aging, strengthening its ability to deliver prescription-grade wellness at scale. Noom has made multiple investments in healthy aging
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CVS Health plans to expand its retail footprint this year after contracting it over the past four years, Bloomberg reported Monday March 30. The retail pharmacy chain plans to open 60 stores this year, including 20 small pharmacy-only sites, while closing “a few dozen locations,” the report said, citing CVS spokesperson Amy Thibault. This marks
CVS to Expand Retail Footprint After Shrinking for 4 Years Read More »
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