Rite Aid has successfully transferred 1,114 stores to Walgreens Boots Alliance, and has received cash proceeds of $2.424 billion, which the company continues to use to reduce debt.
As a result of the U.S. Tax Cuts and Jobs Act, the Woonsocket, R.I.-based company will be spending $425 million annually to improve employee wages and benefits, including plan to subsidize employee healthcare costs.
The company on Thursday said that Kevin Hourican would be at the helm of CVS Pharmacy while the company looks internally and externally to find a successor for former president Helena Foulkes, who is the incoming CEO of Hudson’s Bay.T
Prior to leadingTeva, Amneal's new operations executive was senior vice president sales and marketing for the U.S. Generics Division at Allergan since September of 2006.
