Walgreens cofounds new worksite health company
Deerfield, Ill. — Walgreen Co. has signed a definitive agreement with Water Street Healthcare Partners, a strategic investor focused exclusively on the healthcare industry, in which Water Street will acquire a majority interest in Take Care Employer Solutions LLC.
Take Care Employer Solutions is a Walgreens subsidiary that manages more than 360 worksite health centers nationwide. Water Street also has signed an agreement to simultaneously invest in CHS Health Services, a provider of more than 130 worksite health centers. Water Street will merge Take Care Employer Solutions and CHS to form a new company dedicated to providing worksite health centers. The new company will serve more than 200 leading corporations through nearly 500 worksite health-and-wellness centers located across the country.
“Walgreens, CHS and Water Street share a goal of maximizing employers’ return on their health care investment,” said Jeffrey Kang, Walgreens senior VP of health and wellness services and solutions. “This strategic decision to bring together our organizations’ expertise, capabilities and resources to create a leading worksite health and wellness company provides us an opportunity to play an even greater role in improving the cost and quality of workforce health care. Through our continued involvement in the business and as a preferred strategic partner with Water Street, Walgreens expects to accelerate tighter connections with employers – an important stakeholder in the health care delivery system.”
The Pantry names Harris Teeter vet chairman of the board
Cary, N.C. — The board of directors of The Pantry Inc. has elected Thomas W. "Tad" Dickson, former chairman and CEO of Harris Teeter Supermarkets Inc., to serve as chairman of the board of directors. He replaces Edwin J. Holman, who was chairman of the board since September 2009.
Dickson most recently served as chairman and CEO of Harris Teeter, from February 1997 up to the company’s sale to The Kroger Co. in January 2014, and as chairman of its board of directors from March 2006 to January 2014. Prior to serving as chairman and CEO, Dickson served in various executive posts at Harris Teeter and its former subsidiary, the textile company American & Efird, Inc., and as a director of Harris Teeter from February 1997 to January 2014.
Family Dollar in chain wide roll out of Checkpoint loss prevention technology
Thorofare, N.J. — Family Dollar is rolling out electronic article surveillance (EAS) loss prevention technology from Checkpoint Systems across the retailer’s more than 8,000 stores nationwide. It is one of the fastest roll-outs in the industry, with 3,500 installations already completed and deployments in 120 more stores each week, according to Checkpoint.
“This rollout has already positively impacted our profitability." said Julie Giblin, Family Dollar’s VP of loss prevention. "We could not be more pleased with the results and the partnership with Checkpoint, especially with the implementation speed."
Both companies have also begun the planning process to implement source tagging and a hard tag source program. By working with Family Dollar’s consumer packaged goods and apparel suppliers, this new program will ensure merchandise arrives at Family Dollar stores EAS tagged and shelf-ready, enhancing its customer’s shopping experience. With both tagging programs, Family Dollar aims to further reduce shrink and increase team members’ productivity by focusing their time on customer-facing activities.
Per Levin, president and chief sales officer merchandise availability solutions, Checkpoint Systems, said: “Teams on both sides are enthusiastically executing one of the most ambitious EAS roll-outs in the world, and are now engaging the vendor community in source tagging to deliver even greater financial benefits to the program.”