 Todd Mathews |
 Nick Riordan |
Excellence in Sales winners announced
Todd Matthews, McKesson Medical-Surgical, and Nick Riordan, Welch Allyn, have been selected as the recipients of this year’s Repertoire/HIDA Excellence in Sales Award. Matthews is senior account manager for McKesson MedicalSurgical, serving customers in Mobile, Ala., and Baldwin County. He joined PSS 25 years ago. (McKesson acquired PSS in 2013.) Riordan is ambulatory care sales rep for Welch Allyn in Virginia. He has been with the company since 2006. Repertoire will publish articles on Matthews and Riordan in its September issue.
Owens & Minor names P. Cody Phipps as president, CEO
Owens & Minor Inc (Richmond, VA) named P. Cody Phipps as president, CEO, and a member of the board of directors, effective July 1, 2015. Phipps most recently served as president and CEO of United Stationers Inc (Deerfield, IL). Phipps will succeed current president and CEO James Bierman, who will retire and resign from the company’s board of directors, effective July 1, 2015. Bierman will continue with the company in an advisory capacity through the end of 2015.
Hill-Rom Holdings to acquire Welch Allyn
Hill-Rom Holdings Inc (Chicago, IL) and Welch Allyn Inc (Skaneateles Falls, NY) announced that the boards of directors of both companies approved a definitive agreement under which Hill-Rom will acquire Welch Allyn for approximately $2.05 billion in cash and stock. Under the terms of the agreement, Welch Allyn shareholders will receive $1.625 billion in cash and approximately 8.1 million newly issued shares of Hill-Rom common stock. When the transaction is complete, Welch Allyn shareholders will own approximately 13 percent of the combined company. John Greisch, president and CEO of Hill-Rom will serve as president and CEO of the combined company. Certain members of Welch Allyn’s senior management will also join the company. The combined company will be headquartered in Chicago, Illinois and expects to maintain a substantial presence in Skaneateles Falls, New York and Tijuana, Mexico. Hill-Rom is also committed to preserving the Welch Allyn brand. The companies expect the transaction to be completed before the end of September 2015.
Claflin Medical Equipment acquires RSI Equipment Inc
Claflin Medical Equipment (Warwick, RI) acquired RSI Equipment Inc (Elmont, NY) effective May 29, 2015. Claflin also merged with Hospital Associates (Anaheim, CA) in February 2015. By combining forces, the three companies now cover the entire country with three branches, 31 service centers, and 30 sales representatives. All three companies will continue to do business under their current names.
HHS re-designs HealthData.gov website
The U.S. Department of Health and Human Services’ (HHS) (Washington, DC) Health Data Initiative unveiled its newly designed HealthData.gov to make government health-related data sets more accessible to the public. Eventually, HHS hopes to install better sort and search functions, an improved preview function for charts and maps, links to related data sets, and a system for requesting and discussing data.
CVS to purchase Target’s pharmacy and clinic business for $1.9 billion
CVS Health (Woonsocket, RI) and Target Corp (Minneapolis, MN) signed a definitive agreement through which CVS Health will acquire Target’s pharmacy and clinic businesses for approximately $1.9 billion. Through the agreement, CVS Health will acquire Target’s more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format, branded as CVS/pharmacy. In addition, a CVS/pharmacy will be included in all new Target stores that offer pharmacy services. Target’s nearly 80 clinic locations will be rebranded as MinuteClinic. CVS Health will open up to 20 new clinics in Target stores within three years of the close of the transaction. The companies also plan to develop five to 10 small, flexible-format stores over a two-year period following the deal close, which will each be branded as TargetExpress and include a CVS/pharmacy. The transaction is subject to customary closing conditions, including necessary regulatory clearance. There is not yet an estimated close date for the transaction, but a release from the companies suggested it may close near the end of 2015.