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Walgreens Boots Alliance names former Duane Reade CEO to board of directors

BY Michael Johnsen

DEERFIELD, Ill. – Walgreens Boots Alliance on Wednesday announced the election of US Foods president and CEO John Lederer to the board of directors of the newly established global enterprise.
 
“We are pleased to welcome John to the board of directors as we launch a new era of customer and patient service, growth and value creation for the combined Walgreens Boots Alliance,” stated Jim Skinner, executive chairman. “John’s successful record of leading and transforming major retail and wholesale companies, including Duane Reade and US Foods, will help Walgreens Boots Alliance realize its vision to be the first choice for pharmacy, wellbeing and beauty – caring for people and communities around the world.”
 
“We are fortunate to have John and his exceptional leadership experience in U.S. retail pharmacy and consumer and wholesale business on our board as Walgreens Boots Alliance pursues our ambition to build a global healthcare champion that is always close to our customers’ hearts and minds,” said Stefano Pessina, executive vice chairman and acting CEO.
 
Lederer was appointed president and CEO of US Foods in September 2010, where he has led a comprehensive brand transformation.  Previously, he was chairman and CEO of Duane Reade, where he also led a major transformation to create a new urban drug store format for New Yorkers, culminating in its strategic sale to Walgreens in 2010.  
 
Lederer also enjoyed a highly successful 30-year-career at Loblaw Companies Limited, Canada’s largest food distributor, where he served in a variety of senior leadership positions including president from 2000 to 2006. Lederer also serves on the board of directors of Restaurant Brands International. He earned a bachelor’s degree in economics from York University in Toronto, Ontario, Canada.
 
Lederer’s election to the Walgreens Boots Alliance board fulfills a provision of the Nomination and Support Agreement entered into with JANA Partners in September 2014 pursuant to which JANA Partners was entitled to recommend an additional independent director, the election of whom was to be mutually agreed to by the company and JANA Partners.
 
“As an experienced and successful retail and wholesale business leader, with a record of innovation to expand growth and unlock shareholder value, John will help contribute to the success of the Walgreens Boots Alliance global enterprise,” said Barry Rosenstein, managing partner of JANA Partners. “With his leadership and operational experience, strategic insight and proven ability to achieve results, John is an important addition to the board, and I look forward to serving with him.”
 
“It is a tremendous privilege to join the Walgreens Boots Alliance board as this new global enterprise for health and wellbeing moves forward with a very bright future,” Lederer said. “I am committed to working with the entire board and management to continue advancing customer and patient service the world over, and driving growth and shareholder value.”
 
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New NY state NP primary care residency program responds to physician shortage

BY Antoinette Alexander

NEW YORK — Community Healthcare Network, a New York City nonprofit that runs 12 community-based health clinics, has announced that it is accepting applications to the first Nurse Practitioners post-graduate primary care residency program in New York State, one of only a handful of primary care residencies in the nation.

The residency program will expand education and training for NPs coming into a primary care setting and offer specialty rotations in areas such as dermatology, newborn nursery, HIV and Hepatitis C, transgender care, pediatric and prenatal care. 
 


NP residency programs address the challenging transition from university education and training to clinical practice, particularly in complex community health centers settings where family NPs see patients of all ages, often with multiple chronic illnesses; behavioral health/substance abuse issues; and socio-economic challenges, from poverty to low literacy.
 


“Community Healthcare Network will offer one of the very few primary care NP residencies in the nation — most NP residencies have been focused in the acute and critical setting,” stated Elizabeth Dubois, director of advanced practice nursing at CHN. “Given the complexity of medically underserved patients, residencies such as these could help increase the confidence and hands-on experience of NPs, which will help to increase retention of NPs in the primary care setting. If NPs enter the field without feeling adequately prepared, they will leave.”
 


CHN’s residency program is modeled after the first primary care NP residency program created in 2007 by Community Health Center, a Connecticut FQHC. Along with intensive training in full-scope primary care practice, CHN’s residency will provide training in common procedures performed in outpatient settings, such as endometrial biopsies, IUD insertions, joint injections, suturing, splinting, and the incision and drainage of abscesses. The residency program will also be the first in the nation to include a transgender health care component.
  


The Association of American Medical Colleges currently estimates that the United States will face a shortage of more than 91,500 physicians by 2020; a trend for more medical students to choose specialty fields over primary and emergency care is exacerbating the looming shortages in those crucial fields.


 
“I applaud CHN’s decision to establish a post-graduate NP residency training program,” stated Margaret Flinter, SVP and clinical director at Community Health Center. “Our experience in Connecticut, and that of the members of our National Nurse Practitioner Residency Training Program Consortium, is that this intensive post-graduate experience provides new NPs with an opportunity to develop the mastery, confidence, and competence that allows them to go anywhere — a rural or urban, large or small practice — following their residency, and to thrive as clinicians and clinical leaders in those practices.”
 

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Walgreens Boots Alliance raises quarterly dividend by 7.1%

BY Michael Johnsen

DEERFIELD, Ill. – The day before announcing its second quarter results, the board of directors of Walgreens Boots Alliance declared a regular quarterly dividend of 33.75 cents per share, a 7.1% increase over the year ago dividend.  
 
The dividend is payable June 12, 2015 to shareholders of record as of May 21, 2015.
 
As the successor company to Walgreens after its holding company reorganization on Dec. 31, 2014, Walgreens Boots Alliance has paid a dividend in 330 straight quarters (more than 82 years) and has raised its dividend for 39 consecutive years.   
 
Pursuant to the reorganization merger, shares of Walgreens common stock were converted automatically into shares of Walgreens Boots Alliance common stock on a one-for-one basis. 
 
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