Gouverneur, N.Y. -- Kinney Drug Inc. has decided to change its name to KPH Healthcare Services. The new name is designed to more accurately reflect the makeup of Kinney’s diverse range of pharmacy-related healthcare services, the company said.
“We believe that the name change will afford each of our divisions the best opportunity to grow business within existing markets, as well as position them for expansion into new markets,” the company said in a statement sent to Drug Store News.
The company stressed that there has been no change in the ownership structure of the company, and this name change will not affect the identity of its divisions. Each division will continue to use their current logos and will maintain their brand distinction, including the well-known Kinney Drugs name and logo long associated with its drug stores.
The KPH Healthcare Services business model includes four divisions:
• Kinney Drugs, a chain of 100 drug stores located throughout New York and Vermont;
• Health Direct Institutional Pharmacy Services, which services long-term care and alternative care needs;
• ProAct Inc., a PBM company and mail-order pharmacy; and
• Noble Health Services, a specialty pharmacy that dispenses medications used to treat complex and chronic diseases.