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Walmart Foundation’s Colorado State Giving Program awards $321,000 to eight nonprofits

BY Michael Johnsen

DENVER — The Walmart Foundation’s Colorado State Giving Program has awarded $321,000 to eight Colorado nonprofits that are helping to fund local programs to improve education, women’s economic empowerment and healthy eating, as well as to fight hunger. The organizations include We Don’t Waste, Lapuente Home, Care and Share, Kids Aid, Project Angel Heart, Women’s Resource Agency, Broadway Assistance Center and Discover Goodwill of Southern and Western Colorado. 

“When businesses take their responsibility to the community seriously everybody wins,” Colorado Gov. John Hickenlooper said. "We are fortunate that many businesses, like Walmart, partner with nonprofits across the state. Working together we are helping to make a difference and improve the lives of all Coloradans." 

"Walmart is proud to support the efforts of these phenomenal organizations that make a huge impact in communities throughout Colorado," stated Ben Hassing, SVP Walmart. "Through State Giving Program, Walmart is able to donate funds directly to local organizations that, in turn, assist people who have the greatest need in our communities from providing nutritious food to the underserved to giving women in need help in becoming self sufficient to aiding those with disabilities."

In 2012, the Walmart Foundation and stores throughout the state awarded more than $14.3 million in cash and in-kind contributions to community groups that are positioned to address the needs of Colorado communities.

 

 

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Walgreens distribution deal helps lift AmerisourceBergen quarterly revenue by 38.5%

BY Michael Johnsen

VALLEY FORGE, Pa. — Due in part to the new Walgreens pharmaceutical business, AmerisourceBergen on Thursday reported revenue of $29.2 billion, up 38.5%, for its fiscal year 2014 first quarter ended Dec. 31.

“In our December quarter, we delivered solid results as we onboarded substantial new business,” Steven Collis, AmerisourceBergen president and CEO, said. “We performed well operationally, made meaningful progress through a significant working capital transition, and positioned ourselves well to meet our objectives for the fiscal year.”

The 38.5% lift in revenue reflects a 46% increase in AmerisourceBergen Drug Corp. revenue and an 8% increase in AmerisourceBergen Specialty Group revenue.

In the first fiscal quarter of 2014, Pharmaceutical Distribution revenues were $28.6 billion, an increase of 39% compared to the same quarter in the prior year. ABDC revenues increased 46%, due primarily to the onboarding of the new Walgreens branded pharmaceuticals business and increased sales to a large PBM customer, as well as other large customers. 

The ABSG revenue increase of 8% was driven by strong performance in blood products, vaccine and physician office distribution businesses.

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Target to discontinue part-time health insurance coverage

BY Antoinette Alexander

MINNEAPOLIS — In light of the changing healthcare landscape due to healthcare reform, Target is discontinuing part-time health insurance coverage for its stores’ part-time associates, beginning April 1, according to a report in Target’s Bullseye View.

“Healthcare reform is transforming the benefits landscape and affecting how all employers, including Target, administer health benefits coverage. Our decision to discontinue this benefit comes after careful consideration of the impact to our stores’ part-time team members and to Target, the new options available for our part-time team, and the historically low number of team members who elected to enroll in the part-time plan,” Jodee Kozlak, EVP human resources at Target, told Bullseye View, an online magazine offering a behind-the-scenes look at Target initiatives and events.

According to the report, the majority of part-time associates who have been eligible for health insurance coverage don’t enroll. In fact, less than 10% of Target’s total team member population participate in the part-time plan.

To help those part-time associates, Target is providing those who are currently enrolled in Target’s health coverage and who are losing access to that coverage a $500 cash payment. The retailer also has partnered with a company that has benefits expertise to provide personalized support to associates. This includes sharing information that is customized to each team member about what insurance is available to them, the differences between plans and their impact, any off-sets available and help with the sign-up process, the report stated.

 

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