Minnesota regional to grow store base to 12 locations through acquisition
CRESCO, Minn. – Astrup Drug, headquartered in Austin, Minn., plans to acquire two independents, according to a report published Wednesday in the Cresco Times Plain Dealer.
The two pharmacies include Hoines Health Mart Pharmacy and Medicap Pharmacy. While the deal has yet to be finalized — the timeline to sell will be in the spring of 2014 — both Hoines and Medicap are looking to sell to a pharmacy operator who will keep the locations in operation.
Astrup Drug plans to operate under the name of Sterling in Cresco, according to the report.
Astrup Drug is a privately held regional pharmacy chain that was founded in 1952 by Leonard Astrup. The chain currently owns and operates 10 community pharmacies, one telepharmacy and one long-term care pharmacy in southern Minnesota and northern Iowa. They also operate large gift shops in seven of these stores and gas stations at two of the locations.
University of Maryland School of Pharmacy names atrium in honor of graduate following $1.1 million donation
BALTIMORE — The University of Maryland’s School of Pharmacy has named its atrium in honor of a graduate who now leads an institutional pharmacy services company.
The university unveiled the Ellen H. Yankellow Grand Atrium last week, after the president and CEO of Correct Rx Pharmacy Services. The reception, at which Yankellow was present, was in recognition of her recent gift of $1.1 million to the school, the largest gift ever from a female graduate, and included the unveiling of a new sign bearing her name. Yankellow graduated from the school in 1973 and received her doctor of pharmacy degree in 1996.
"Tonight, we recognize and show our extreme gratitude to Ellen for her generosity to the School of Pharmacy," dean Natalie Eddington said. "We will unveil a visible reminder to all who enter this space of what it means to be a philanthropist and of what it means to give back to an institution that is so proud of you."
Hospira unveils new testing lab at N.C. plant
ROCKY MOUNT, N.C. — Drug maker Hospira is investing more than $200,000 at a plant in Rocky Mount, N.C., that will evaluate and test more than 450 products, the company said Wednesday.
Hospira had a ribbon-cutting ceremony to announce the opening of its new quality and analytics testing laboratory, attended by North Carolina Gov. Pat McCrory and other political leaders from the state.
"Rocky Mount’s new laboratory, coupled with our investments throughout the plant, will help ensure that we continue to supply high-quality, more affordable medicines to customers and patients who need them," Hospira VP Rocky Mount operations Marty Nealey said. "Through advanced technology and additional space, we’ve been able to gradually increase our production levels and ensure more consistent release of products, ultimately supporting our ability to provide a more sustainable supply of many life-impacting drugs."
The company also announced Wednesday the launch of the Sapphire infusion system, following its approval by the Food and Drug Administration. The system includes a large, color touchscreen for quick and easy programming, easily upgraded software and flexible infusion modes for all intended uses to simplify patient care across diverse clinical areas. Sapphire has already been launched in Europe and Canada.