NY Post: Walgreens’ plan could require FTC to rule on Rite Aid merger within 30 days
DEERFIELD, Ill. — Walgreens Boots Alliance could soon declare it has “certified compliance” in its Rite Aid merger, forcing the U.S. Federal Trade Commission to vote on the proposed transaction in 30 days, reported The New York Post.
“The declaration would mean that, in Walgreens’s opinion, it has given regulators substantially all the information they need to make a decision,” the newspaper wrote.
The Post believes the move would be “risky” but could bear fruit for Walgreens with a Republican-led FTC not likely to block the $9.7 billion deal. Only two commissioners are sitting on the five-member FTC panel, Republican Maureen Olhausen and Democrat Terrell McSweeny. In this case, the two commissioners would need to both vote to block the deal, something not expected to happen, sources told The Post.
The Walgreens-Rite Aid proposed merger was first announced in Oct. 2015. If the deal goes through, Fred’s Pharmacy would buy at least 865 divested Rite Aid stores.
Cardinal Health wins HDA’s Distribution Management award
PALM DESERT, Calif. — Cardinal Health was named the winner of the Healthcare Distribution Alliance’s 2017 Distribution Management award for its ergonomically friendly and timesaving upright refrigerated unit. The annual award was presented at the 2017 Distribution Management Conference here.
With its mail-order pharmacy customers in mind, Cardinal Health, in collaboration with Sonoco, developed a qualified, upright refrigerated unit that easily fits into almost any cooler, without exposing the products to ambient conditions. Because the unit is wheeled, the need for a pallet jack is eliminated, and the ergonomic design eliminates the need for individuals to lift any heavy lids or to bend over to put in or pull out products. It features a padded door that folds up, making it easy for customers to easily remove the product from the unit. Shelves at the middle and top of the unit hold coolant bricks, which keep products within the allowable temperature range for refrigerated products throughout the distribution process.
“The upright refrigerated unit is one example of our dedication to continuous improvement in the supply chain process, so our customers can get back to the business of healing and focus on navigating the complexities of healthcare,” said Jim Taylor, Senior Marketing Manager at Cardinal Health. “From start to finish, this product gives supply chain professionals access to a time-saving, safe and reliable way to transport and receive refrigerated pharmaceuticals. We are honored to be recognized by HDA for this solution.”
The HDA represents primary pharmaceutical distributors.
“The Distribution Management Award honors companies that are always in search for better ways to safely and efficiently move our nation’s medicines to the benefit of their ultimate customer — the patient. HDA is pleased to recognize Cardinal Health’s efforts to go above and beyond to serve its customers, while protecting the pharmaceutical supply chain,” said Perry Fri, EVP of Industry Relations, Membership and Education and COO of the HDA Research Foundation.