PHARMACY

Rite Aid posts 2.4% in June same-store sales to kick off summer

BY Michael Johnsen

CAMP HILL, Pa. – In the first full month of Rite Aid's new wellness+ with Plenti loyalty program, Rite Aid posted a same-store sales increase of 2.4% for the four weeks ended June 27, the company reported Thursday. June front-end same-store sales increased 0.3%. Pharmacy same-store sales, which included an approximate 226 basis points negative impact from new generic introductions, increased 3.4%. 
 
The wellness+ with Plenti program is expected to be a key customer acquisition tool moving forward. 
 
Prescription count at comparable stores increased 0.2% over the prior-year period.  
 
Total drug store sales for the four-week period increased 2.2% to $2 billion. Prescription sales accounted for 69% of drug store sales, and third party prescription sales represented 97.8% of pharmacy sales.  
 
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Report: PANTHERx expands specialty pharmacy business

BY Antoinette Alexander

PITTSBURGH — Specialty pharmacy PANTHERx has expanded its specialty pharmacy business and doubled its workforce, according to a local news report.

Founded in 2011, PANTHERx has expanded its pharmacological support services for organ transplant patients, the Pittsburgh Business Times reported, while adding medications for HIV, hepatitis C and skin conditions.

In less than a year, the company has also doubled its workforce to 40 full-time associates, according to the article.

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Director of McKesson’s RxOwnership moves into pharmacy financing for First Financial

BY Michael Johnsen

EL DORADO, Ark. – First Financial Bank on Thursday named Bob Graul managing director of their Professional Services Division, a division that addresses the specific financing needs of pharmacists and dentists. Graul will help develop financing strategies for pharmacy financing in his new role. 
   
“Bob’s extensive background in the pharmacy sector will help us better serve the needs of our loan customers in that demographic”, stated Chris Hegi, CEO of First Financial Bank.  “We’re very excited to welcome Bob to our team.  His experience and knowledge of the industry will help us meet the needs of pharmacists nationwide.”
 
Following a consulting role with McKesson in 2008, Graul served as national VP of RxOwnership in 2010 and helped guide the development and growth of the program, which has assisted over 2,600 ownership transfers and start-ups to date. He has served on several boards and held voluntary consulting positions within the pharmaceutical industry and has broad experience in the retail drug, ownership transfer and managed care industries.
 
Graul was president and CEO at Rancho Santa Fe Pharmacy in Rancho Santa Fe, Calif. and during that time served multiple terms on McKesson Pharmaceutical advisory boards, including the role of chairman for the Valu-Rite Advisory Board, McKesson – HBOC from 1998 – 2003, and as a member of the MTM Advisory Board 2007-2008.
 
Graul received the Outstanding Alumni Award from National University in 1997. He was named Pharmacist of the Year in 2005 by the San Diego County Pharmacists Association and awarded Innovative Pharmacist of the Year in 2007 by the California Pharmacists Association. He was appointed to the California State Board of Pharmacy by Governor Schwarzenegger in 2007 and served for one term on the Board.
 
 
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