McKesson Expects To Retain Albertsons’ Volume Despite CVS Acquisition
This article was originally published in The Pink Sheet Daily
Wholesaler foresees no change in vending relationship with Albertsons based on experience gained when CVS acquired Eckerd in 2004.
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Almost half of the additional stores are located in southern California, allowing CVS rapid entry into that market and pushing the chain’s total store count to 6,100.
CVS sees the acquisition of Eckerd Health Services as key to luring larger corporate PBM customers. The acquisition of 1,260 Eckerd pharmacies also makes CVS the number one U.S. pharmacy retailer in store count, with over 5,000 outlets.
Health plans should account for the rise in utilization that occurs with use of mail-order pharmacy when deciding if mail order saves money, Ohio Public Employees Retirement System Director of Healthcare Scott Streator said at the recent Academy of Managed Care Pharmacy Educational Conference in Chicago