Healthcare marketer buys Kaiser pharmacy unit

Article Abstract:

Healthcare marketing firm The Arrow Corp of Farmington, CT, has acquired 14 pharmacy units from the Northeast division of Kaiser Permanente of Oakland, CA. The purchase has boosted Arro's total retail pharmacy and nutritional practice operation to 122 stores in 15 states. Arrow also owns the virtual pharmacy, FamilyMeds.com, which attracts more than 100,000 customers every month.

Pharmacies and Drug Stores, Drug Stores, Drugstores, Kaiser Permanente

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Glaxo, SmithKline merge in $187B deal

Article Abstract:

Glaxo-Wellcome has announced that it will acquire SmithKline Beecham for $187 billion in a stock swap deal. The announcement was not warmly received by government and healthcare policy officials and Wall Street. Analysts said the merger would result in the world's largest pharmaceutial firm with an almost 8% share of the international prescription trade. Analysts, however, also opined that the daily marketing of prescription drugs will not be affected for the time being.

Pharmaceutical Preparation Manufacturing, Pharmaceutical Preparations, SmithKline Beecham Corp. (Philadelphia, Pennsylvania)

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GE purchases 20% share of ValueVision

Article Abstract:

General Electric of New York has acquired a 19.9% stake in cable home shopping channel Value Vision for $56 million. GE also has an option to increase its share to $39.9% at a later date. The purchase was made through GE subsidiaries, National Broadcasting Co Inc and GE Equity. NBC is planning to add more quality productions to ValueVision's programming and to redesign the channel's Web site by including tailored news, Internet chat and an e-mail service.

Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Cable Television Systems, Cable Networks, Cable television broadcasting industry, Cable television, ValueVision

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