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Walgreens To Close 1,200 Stores Walgreens To Close 1,200 Stores
Walgreens To Close 1,200 Stores Walgreens plans to close about 1,200 stores over three years amid a decline in prescription drug payments and a rise in online competition. About 500 closures will come in 2025, the company announced in a statement released Tuesday morning, Oct. 15. Specific sites for store closures were not announced. Walgreens said its operating loss in fiscal 2024 was $14.1 billion, an increase of 104.5 percent compared to the year-ago period. Retail sales decreased 3.5 percent compared with the year-ago quarter, "reflecting a challenging retail environment and continued channel shift," Walgreens s…

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by Joe Lombardi
Business
Recall Issued For Multiple Eye Ointment Brands Due To Possible Risk Of Infection Recall Issued For Multiple Eye Ointment Brands Due To Possible Risk Of Infection
Recall Issued For Multiple Eye Ointment Brands Due To Possible Risk Of Infection A recall has been issued for multiple brands of eye ointment products due to the "lack of sterility assurance at the facility" of the manufacturer during an inspection conducted by the Food and Drug Administration (FDA). "For those patients who use these products, there is a potential risk of eye infections or related harm," the FDA said. "These products are intended to be sterile. Ophthalmic drug products pose a potentially heightened risk of harm to users because drugs applied to the eyes bypass some of the body’s natural defenses."  Brassica Pharma Pvt. Ltd. is voluntarily recalling…

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by Joe Lombardi
Business
Massive Eye Drop Recall Expands: 3 Products Added As List Hits 29; Here's New Rundown Massive Eye Drop Recall Expands: 3 Products Added As List Hits 29; Here's New Rundown
Massive Eye Drop Recall Expands: 3 Products Added As List Hits 29; Here's New Rundown Three new products have been added to a  recall of more than two dozen over-the-counter eye drops because of the risk of eye infections that may lead to vision loss or blindness. The now 29 products are from these brands: CVS Health, Leader (Cardinal Health), Rugby (Cardinal Health), Rite Aid, Target Up&Up, and Velocity Pharma. The alert comes after FDA investigators found bacterial contamination in critical drug production areas of a manufacturing facility. The list the US Food and Drug Administration (FDA) provided late last month five Cardinal Health, Inc. p…

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by Joe Lombardi
Business
Stop Using These Eye Drop Products Sold At CVS, Rite Aid, Target Due To Infection Risk: FDA Stop Using These Eye Drop Products Sold At CVS, Rite Aid, Target Due To Infection Risk: FDA
Stop Using These Eye Drop Products Sold At CVS, Rite Aid, Target Due To Infection Risk: FDA Consumers should stop using more than two dozen over-the-counter eye drop products because of the risk of eye infections that may lead to vision loss or blindness. Click here for a new, updated story - Massive Eye Drop Recall Expands: 3 New Products Added As List Hits 29; Here's New Rundown The 26 products are from these brands: CVS Health, Leader (Cardinal Health), Rugby (Cardinal Health), Rite Aid, Target Up&Up, and Velocity Pharma. The alert comes after FDA investigators found bacterial contamination in critical drug production areas of a manufacturing facility. For the comp…

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by Joe Lombardi
Business
CVS Harmed Safety Net Hospitals, Diverted Millions From Underserved NY Communities, AG Says CVS Harmed Safety Net Hospitals, Diverted Millions From Underserved NY Communities, AG Says
CVS Harmed Safety Net Hospitals, Diverted Millions From Underserved NY Communities, AG Says The New York State attorney general is suing CVS Health for an alleged scheme to force health care providers to incur millions in additional costs and divert funds away from underserved communities.  New York Attorney General Letitia James announced the lawsuit on Thursday, July 28, saying the company violated antitrust laws and harmed safety net hospitals, which provide care to underserved communities. James said CVS required the safety net hospitals to exclusively used CVS' own company, Wellpartner, to process and obtain federal subsidies on prescriptions filled at its pharmacies. T…

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by Nicole Valinote
Business
CVS To Hire 25,000 Ahead Of Flu Season In Nationwide One-Day Virtual Event CVS To Hire 25,000 Ahead Of Flu Season In Nationwide One-Day Virtual Event
CVS To Hire 25,000 Ahead Of Flu Season In Nationwide One-Day Virtual Event CVS Health announced plans to hire another 25,000 employees ahead of flu season. CVS will recruit candidates for clinical and retail jobs during an online, one-day national career event on Friday, Sept. 24, the company said in an announcement on Monday, Sept. 20. The new positions will help CVS respond to community needs during flu season and continue to respond to the demand for COVID-19 vaccines and testing, the company said. "Every flu season we need additional team members," said Neela Montgomery, executive vice president of CVS Health and president of CVS Pharmacy. "But this year…

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by Nicole Valinote
Business
COVID-19: CVS Health Unveils Sweepstakes To Encourage Vaccinations COVID-19: CVS Health Unveils Sweepstakes To Encourage Vaccinations
Covid-19: CVS Health Unveils Sweepstakes To Encourage Vaccinations CVS Health is jumping on the bandwagon in getting more Americans vaccinated for COVID-19 by offering big prizes including international trips, tickets to the next Super Bowl, and lots of other incentives. The sweepstakes kick off on Tuesday, June 1, when all eligible customers who received or plan to receive a COVID-19 vaccination through CVS Health may choose to enter the #OneStepCloser sweepstakes for an opportunity to win from thousands of fun and exciting prizes through weekly drawings and grand prizes over a six-week period, the company said. CVS Health is working to close gaps in hesi…

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by Kathy Reakes
News
COVID-19: CVS Now Offering Same-Day, Walk-In Vaccine Appointments COVID-19: CVS Now Offering Same-Day, Walk-In Vaccine Appointments
Covid-19: CVS Now Offering Same-Day, Walk-In Vaccine Appointments With the supply of COVID-19 vaccines beginning to outpace the demand, CVS is taking measures to make it easier for anyone to get a “shot in the arm.” CVS announced that beginning on Wednesday, May 5, pharmacies at hundreds of locations across the country would be accepting walk-in vaccine appointments, with a minimal amount of paperwork required. As of May 5, CVS Health is now vaccinating in more than 8,300 stores across 49 states, Puerto Rico and Washington, D.C., and has surpassed 17 million COVID-19 vaccine doses administered through its participation in the Pharmacy Partnership for Lon…

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by Zak Failla
News
COVID-19: Distribution At Nursing Homes First Step To Getting Vaccines To Pharmacies, CVS Says COVID-19: Distribution At Nursing Homes First Step To Getting Vaccines To Pharmacies, CVS Says
Covid-19: Distribution At Nursing Homes First Step To Getting Vaccines To Pharmacies, CVS Says CVS and other major pharmacies have launched the company’s COVID-19 vaccination program, which will begin at long-term health care facilities where the population is at the highest risk to contract the virus and potentially die. The company announced that its teams will begin administering the first dose of COVID-19 vaccines produced by Pfizer across 40,000 facilities in 12 states as soon as this week. Walgreens and other pharmacies are also involved in the federal nursing home vaccination program. Related story - COVID-19: Cuomo Calls On Airlines To Do Pre-Flight Testing From UK Due…

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by Zak Failla
News
COVID-19: CVS Adds Testing At Mamaroneck Location COVID-19: CVS Adds Testing At Mamaroneck Location
Covid-19: CVS Adds Testing At Mamaroneck Location Several more drive-through novel coronavirus (COVID-19) testing sites have opened up at CVS pharmacies in the Hudson Valley. Officials announced that beginning on Friday, May 29, new drive-through testing facilities were coming to CVS locations in Westchester, Dutchess, Orange, Rockland, Ulster, and Dutchess counties. The new testing sites are part of 36 new locations at CVS across New York that opened on Friday. CVS now has 72 drive-through testing sites statewide and hundreds across the country. Patients must register in advance for COVID-19 testing.  According to CVS, the new site…

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by Zak Failla
Business
COVID-19: CVS Health To Provide Bonuses, Add Benefits, Hire 50K In Response To Pandemic COVID-19: CVS Health To Provide Bonuses, Add Benefits, Hire 50K In Response To Pandemic
Covid-19: CVS Health To Provide Bonuses, Add Benefits, Hire 50K In Response To Pandemic CVS Health is offering incentives to current employees and plans to bolster its workforce by 50,000 to combat the spread of the novel coronavirus. Employees at CVS locations across the country will receive bonuses between $150 and $500 for those who assist patients and customers “in this time of unprecedented need.” The bonuses have been earmarked for pharmacists and certain other health care professionals on the frontlines, store associates and managers, and other site-based hourly employees. Additionally, CVS announced it is “embarking on the most ambitious hiring drive in the company's…

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by Zak Failla
News
Recalls Issued For Select Ointments, Eye Drops Sold At CVS Recalls Issued For Select Ointments, Eye Drops Sold At CVS
Recalls Issued For Select Ointments, Eye Drops Sold At CVS There has been a national recall of over-the-counter eyedrops and ointments that are sold at CVS. Altaire Pharmaceuticals, Inc. announced that it is voluntarily recalling a host of products that are sold at CVS Health as a precaution due to fears of the items not being sterile. “As a precautionary measure, Altaire is voluntarily initiating the recall due to management concerns regarding the sufficiency of Quality Assurance controls over critical systems in the manufacturing facility,” the company announced. "The FDA has determined these issues indicate a lack of sterility assurance. Adminis…

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by Zak Failla
Business
Newly Wrapped Up CVS Acquisition Of Aetna Could Change Game In Health Care Newly Wrapped Up CVS Acquisition Of Aetna Could Change Game In Health Care
Newly Wrapped Up CVS Acquisition Of Aetna Could Change Game In Health Care CVS Health is ready to close on a deal with Aetna Inc. health insurer that could open new doors for prescription delivery services, according to Supermarket News. CVS announced the value of the transaction to total $78 billion on Wednesday, Nov. 28, which includes $70 billion to purchase Aetna and the remainder to cover existing debts. While the Aetna brand will still be used for health insurance products, the companies’ combined shares will be listed under the ‘CVS’ symbol on the NYSE. Aetna, based in Hartford, will run as a separate business under CVS Health. “Today marks the start of a …

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by Valerie Musson