MinuteClinic, Main Line Health collaborate in Pennsylvania
Woonsocket, R.I. – MinuteClinic, the retail health care division of CVS Caremark and Main Line Health have signed a clinical collaboration to enhance access to healthcare services at MinuteClinic walk-in medical clinics inside select CVS/pharmacy stores in Southeastern Pennsylvania.
Under the agreement, physicians from Main Line Health’s multi-specialty physician network, with more than 2,000 doctors, will serve as collaborating physicians for MinuteClinic locations in Chester, Delaware and Montgomery counties. The collaboration will include future clinics as part of MinuteClinic’s national expansion plan to add 150 new clinics this year and reach a total of 1,500 clinics in the U.S. by 2017.
In addition, MinuteClinic and Main Line Health will collaborate on patient education and disease management initiatives and will inform patients of the services each offer. MinuteClinic and Main Line Health will begin to work toward integrating electronic medical record systems to streamline communication around all aspects of each individual’s care. With patient permission, MinuteClinic will electronically share medical histories and visit summaries with other facilities and physicians for an individual’s continuity of care.
"Main Line Health is recognized nationally for delivering high quality care and joins MinuteClinic in our commitment to bring more accessible and affordable medical services to patients in Southeastern Pennsylvania," said Andrew Sussman, M.D., president, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "We look forward to having Main Line Health physicians collaborate with MinuteClinic’s nurse practitioners to provide quality support, teaching and back-up so MinuteClinic can provide the best care at the lowest overall cost."
Revlon’s acquisition bolsters Q4 sales
Revlon said fourth quarter sales increased 28%, thanks to the inclusion of sales at The Colomer Group, which it acquired in October.
Net sales for the quarter totaled $491 million, up 28% compared with $383.5 million in the year-ago period. On a foreign currency fluctuations or XFX basis, total net sales rose 31.2%, benefiting from the inclusion of $116.8 million of net sales related to the Professional segment beginning on The Colomer Group acquisition date. Excluding the acquisition, total net sales rose 0.7% on an XFX basis.
Net loss for the quarter was $33.1 million, compared with a gain of $46.5 million in the year-ago period.
In the United States, the company posted a decrease in net sales of 0.3% to $218.6 million. Lower sales of Almay color cosmetics were offset by higher net sales of Revlon color cosmetics, Revlon ColorSilk hair color and Revlon Beauty Tools.
For full-year 2013, net sales were $1.50 billion, up 7%. On an XFX basis, total net sales rose 9.6% for the year, benefiting from the inclusion of net sales related to the Professional segment beginning on The Colomer Group acquisition date, as well as a full year of Pure Ice sales.
For full-year 2013, the company posted a loss of $5.8 million, compared with a gain of $51.1 million in the year-ago period.
“We successfully completed our transformational acquisition of The Colomer Group on October 9, 2013, reuniting the global Revlon brand and expanding Revlon back into the professional channel. Since the acquisition, we have taken further actions to strategically move the combined business forward. We finalized our integration plan, announced our plans to realize annualized cost reductions related to integrating TCG of up to $35 million by the end of 2015, and began to take actions to achieve these benefits. Also, in December 2013 we announced the exit of our business operations in China, which is expected to generate additional annualized cost reductions of $11 million. Given the transformational nature of our TCG acquisition and our overall cost reduction opportunities, the primary focus for us in 2014 will be the successful execution of these programs to achieve the combined synergies,” said Revlon president and CEO Lorenzo Delpani.
Weiss Markets affected by shortened holiday in Q4
Weis Markets cited a shortened holiday season among the reasons for a decline in fourth quarter and year-to-date sales.
The company reported $686.4 million in fourth-quarter sales for the 13-week period ended Dec. 28, 2013, representing a decline of 1.1% as compared to the year-ago period. Comparable store sales for the same period were down 3.5%.
In 2013, the company’s sales totaled $2.7 billion, down 0.3% compared to 2012. Comparable store sales for the 52-week period ending Dec. 28 declined 2.6%.
Along with the shortened holiday season, the company’s fourth quarter results were impacted by a decline in food stamp/SNAP spending in its stores, all of which impacted sales in key center store categories, the Pennsylvania grocer stated. Its results were also affected by fuel price deflation, which resulted in lower retail gas sales. Deli sales were also lower due to manufacturer recalls.
Weis’ year-to-date results were impacted by the trends affecting its fourth quarter results: stagnant sales performance in key center store categories, lower comparable store gas sales due to significant fuel price deflation and a decline in SNAP sales, all of which accelerated in the fourth quarter.