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  • Walgreens, which offered to buy Rite Aid for $9.4 billion in October, said the deal was progressing as planned. Walgreens said it now expected an adjusted profit of $4.30- $4.55 per share for the year ending August, compared with $4.25- $4.55 it had forecast earlier. The net income attributable to Walgreens rose to $1.11 billion, or $1.01 per share, in the first...

  • Jan 7- Drugstore operator Walgreens Boots Alliance Inc, which has offered to buy smaller rival Rite Aid Corp, reported lower-than-expected quarterly net sales. Net income attributable to Walgreens Boots rose to $1.11 billion, or $1.01 per share, in the first quarter ended Nov. 30, from $850 million, or 89 cents per share, a year earlier. Net sales rose 48.5 percent to...

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  • Dec 17- Rite Aid Corp, which has agreed to be bought by larger rival Walgreens Boots Alliance Inc, reported same-store sales below analysts estimates hurt by the introduction of more low-margin generic drugs. Profit was hurt by expenses related to EnvisionRx, the pharmacy benefit manager which Rite Aid bought for about $2 billion in June, and lower income tax...

  • Dec 17- Drugstore operator Rite Aid Corp, which has agreed to be bought by larger rival Walgreens Boots Alliance Inc, reported a 43 percent drop in quarterly profit, hurt by expenses related to its acquisition of pharmacy benefit manager EnvisionRx. The company's net income fell to $59.5 million, or 6 cents per share, in the third quarter ended Nov. 28, from $104.8...

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  • *Q3 adjusted profit of $1.28/ share vs est $1.29. *Sees 2016 adjusted EPS $5.68- $5.88 vs est $6.02. Oct 30- CVS Health Corp gave a disappointing profit forecast for 2016, hurt by costs related to the acquisition of Target Corp's pharmacies and as its own pharmacy benefits management business expands in low-margin Medicare and Medicaid plans.

  • *Q3 adjusted profit of $1.28/ share vs est $1.29. *Sees 2016 adjusted EPS $5.68- $5.88 vs est $6.02. CVS's results come in the same week that larger rival Walgreens Boots Alliance Inc said it would buy Rite Aid Corp for $9.4 billion in a deal which would combine two of the three largest U.S. drugstore operators.

  • Oct 30- CVS Health Corp, the second-largest U.S. drugstore chain by store count, reported better-than-expected quarterly net revenue, helped by strong demand for its pharmacy benefit management services and its acquisition of Omnicare Inc.. CVS's results come in the same week that larger rival Walgreens Boots Alliance Inc said it would buy Rite Aid Corp for...

  • McKesson sources and distributes drugs for Rite Aid Corp, the drugstore chain that agreed this week to be bought by Walgreens Boots Alliance. That deal calls into question its long-standing contract with Rite Aid, because Walgreens sources its drugs from a rival distributor, AmerisourceBergen Corp. Neither drugstore chain has commented on its plans for...

  • Oct 29- Pfizer Inc, the No. 1 U.S. drugmaker, and Botox maker Allergan Plc said they were in friendly talks to create a pharmaceutical colossus but the prospect that the company would seek to avoid U.S. taxes sounded political alarm bells. Both New York- based Pfizer and Dublin- based Allergan said no agreement has been reached and declined to discuss any terms of the...

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