PHARMACY

Take Care announces promotions in upper management

BY Antoinette Alexander

CONSHOHOCKEN, Pa. Take Care Health Systems, which is owned by Walgreens, announced on Monday that chief executive officer and president Peter Miller, and Employer Solutions president Peter Hotz, have been promoted within Walgreens Health and Wellness division and now hold the additional title of divisional vice president.

“Take Care Health Systems is proud that Peter and Peter have been recognized for their exceptional accomplishments, as well as the level of success that Take Care Health has achieved under their leadership. With over 600 consumer and work-site clinics in operation, and additional growth plans through out alignment with Walgreens, we are extending our vision to provide personalized health care solutions to as many individuals as possible,” Hal Rosenbluth, co-founder and chairman of Take Care Health Systems and president of Walgreens Health and Wellness division, said.

The Walgreens Health and Wellness division was formed in May 2008, a moved aimed at expanding health care access beyond traditional retail pharmacy.

Take Care Health Systems is the main entity within the division, a compilation of two core businesses: Consumer Solutions, Take Care Clinics location at Walgreens stores throughout the country, and Employer Solutions, the largest provider of work-site health and wellness centers.

Both Miller and Hotz will continue their roles over the Take Care Health Systems business, while using their new role to encourage synergies with the Walgreens enterprise, helping to leverage the core assets within the division and provide innovative solutions for employers and patients.

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GlaxoSmithKlines acquires Bristol-Myers Squibb’s Egyptian mature products business

BY Alaric DeArment

LONDON GlaxoSmithKline has acquired the Egyptian mature products business of Bristol-Myers Squibb, the British drug maker announced Wednesday.

GSK said the acquisition, worth $210 million, is a move to accelerate sales growth and further extend its pharmaceutical portfolio in emerging markets.

“This acquisition is an important step forward in GSK’s strategy to accelerate sales growth in emerging markets,” GSK president for emerging markets Abbas Hussain said in a statement. “It will enable us to build and diversify our existing branded pharmaceuticals portfolio and signals our strong commitment to provide quality medicines to patients in Egypt and other countries in the Middle East and North Africa regions.”

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‘Face the Nation’ anchor Schieffer to headline NACDS Foundation event

BY Jim Frederick

ALEXANDRIA, Va. The National Association of Chain Drug Stores Foundation revealed today that the keynote speaker at the 2008 annual NACDS Foundation Dinner will be Bob Schieffer, anchor of the CBS News’ Sunday public affairs broadcast “Face the Nation.” Schieffer, who also serves as CBS News chief Washington correspondent, will address attendees Dec. 2 at the Sheraton New York Hotel and Towers in New York City.

NACDS’ announcement is a timely one. Schieffer, one of the few broadcast or print journalists to have covered all four major beats in the nation’s capital—the White House, the Pentagon, the State Department and Capitol Hill, moderated the third and final Presidential debate this week.

“Bob Schieffer demonstrated as moderator of this week’s presidential debate that he asks the questions on the minds of Americans relating to political and national affairs in each of his broadcasts,” said Phil Schneider, NACDS Foundation president. “His conversational style enables him to delve into his stories and share a comprehensive look at the issues facing the country.  The NACDS Foundation is delighted to have Mr. Schieffer as the keynote speaker at the 10th annual Foundation dinner this year.”

For more information or to register for the Foundation dinner, please visit www.nacdsfoundation.org.

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