FINANCE

Law firm investigates Saks buyout

BY Dan Berthiaume

New York – Law firm Morgan & Morgan is investigating potential legal claims against the board of directors of Saks Inc. relating to the proposed acquisition of Saks by Hudson’s Bay Company. Morgan & Morgan’s investigation concerns whether Saks’ board of directors breached its fiduciary duties to act in the best interests of Saks’ shareholders and to take all necessary steps to ensure that Saks’ shareholders receive the maximum value readily available for their shares of Saks common stock.

Under the terms of the proposal, public shareholders of Saks will receive $16 per share in cash for each share of Saks they own. Morgan & Morgan says some analysts have estimated actual share value to be as high as $18.50.

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CVS/pharmacy launches online drug info center

BY Dan Berthiaume

Woonsocket, R.I. – CVS is launching a new online Drug Information Center on CVS.com. This new resource was developed to help consumers take control of their health by providing them with best-in-class drug information and a variety of innovative resources.

"Our new Drug Information Center provides a comprehensive set of resources that informs and empowers our customers as they make important decisions surrounding their health and well-being," said Brian Tilzer, senior VP, chief digital officer for CVS/pharmacy. "As a pharmacy innovation company, we are constantly exploring new tools and resources to help our customers on their path to better health. With this launch, we are offering users medication expertise in a simple, interactive way that provides relevant and personalized drug information that has never been made available to them before."

Resources available from the online center include enhanced drug information and access to drug details, a drug interaction checker and a printable medicine list.

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CVS health services subsidiary updates member website

BY Dan Berthiaume

Woonsocket, R.I. – Accordant Health Services, a subsidiary of CVS Caremark, has launched an updated website and member portal, which provides new features and services for program members and is designed to help support and improve member engagement and participation for clients.

Accordant.com now provides eligible members with online access to educational materials, videos, communication tools and community resources that encompass 17 conditions such as rheumatoid arthritis, multiple sclerosis, Crohn’s disease and sickle cell disease.

"The launch of our member portal marks an important milestone for Accordant," said Trip Hofer, president of Accordant Health Services. "While most health management organizations position online tools and services as distinct and separate from those provided on the telephone or via mail, we recognize that health care doesn’t happen at a single point in time or through only one channel. The updated member portal at Accordant.com offers a digital experience that further enables Accordant to proactively support and empower individuals with rare conditions to improve their total health and manage their multiple and complex needs."

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