SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A US National Health Care System?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lane3 who wrote (16926)4/16/2010 9:15:03 AM
From: Lane3  Read Replies (1) of 42652
 
Retail Clinics: CVS to Double Presence, Walgreens Seeks Partners

By Katherine Hobson

clinicDrugstores are trying to bolster their presence in the in-store clinic market, even though the concept has thus far not been a particularly profitable one. The WSJ reports that CVS Caremark may double its number of MinuteClinic retail operations over the next five years.

The company has no plans to forge financial partnerships with medical providers, but instead prefers “collaborative” non-financial ties, MinuteClinic President Andrew Sussman tells the paper. Bloomberg quotes Gabelli analyst Jeff Jonas as saying that CVS has trimmed its losses on its MinuteClinics from the five cents a share that they were costing the chain two yeas ago.

Meantime, Walgreens’ Take Care Clinic has recently said it’s in “deep discussions” with possible hospital system partners. Joint ventures, franchises and other business models are all on the table, as long as the arrangement is a “winning situation” for both sides, Take Care Chief Executive Peter Miller tells the WSJ.

CVS and Walgreens dominate the in-clinic market, with a 72% share of the business, according to a report released last year. The WSJ says operators are attempting to find a way to “overcome the seasonal nature of the business, which has caused some companies to shut clinics outside of flu season.”

blogs.wsj.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News