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Weekly Brief

When Bob Nickell decided to leave his job as a general retail pharmacist in order to start his own independent pharmacy, he knew he would have to create a niche in order to survive. He came up with the idea for The LivingWell Pharmacy in 1994 and the stor

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CVS to Buy Target’s Pharmacies

If you like CVS Pharmacy, you’ll now love Target’s as CVS has announced it will buy more than 1,660 Target’s pharmacies, the Los Angeles Times reports.

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United Health Group to Buy Catamaran

Minneapolis-based health insurer UnitedHealth Group has agreed to plop down about $12.8 billion to buy pharmacy benefit manager Catamaran Corp. of Schaumburg, Ill., CNBC reports.

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Shopping Site Looks to Bottle Up Prescriptions

INTERNET: GoodRx teams with 4D to reach corporate customers, health plans.

GoodRx hopes to fill patients’ prescription needs with its comparison-shopping website.

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Silicon Beach Report June 14: Bird Required to Pay Tariffs on Chinese Imports

Bird, Uber tariff relief requests denied; AppOnBoard buys BuildBox; Pluto TV links with Comcast

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UCLA Thrown Into Student Loan Probe

Forty college athletics departments, from Georgetown to Auburn to Kansas to UCLA, were ensnared Wednesday in a New York state investigation of irregularities in the college loan industry.

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HEALTH---WellPoint Out To Buy Online Drug Provider

WellPoint Health Networks Inc., the state's second largest health care company and parent of Blue Cross of California, is getting into the mail-order and online pharmacy business.

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GoodRx Shares Plunge After Amazon Announces Online Pharmacy

Shares of online prescription drug price service GoodRx Holdings Inc. have fallen nearly 28% in two days.

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Buy Bye Bye

Consumer spending patterns in LA reveal impact of pandemic

Consumer spending is the backbone of the American economy, making up roughly 68% of U.S. gross domestic product. That sector has been upended by the Covid-19 pandemic.

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Obagi Medical Reports Strong Quarter, Plans for Online Pharmacy

Obagi Medical Products announced strong quarterly earnings and plans for a new online pharmacy.

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Pharmacy

Carmen Dragon considers her regular visits to the Santa Monica Homeopathic Pharmacy a life-or-death excursion.

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Rail Project Picks Teams

Companies selected to bid on Sepulveda Pass work

Five teams have qualified to bid for the contract to build a rail line through the 405 Freeway’s Sepulveda Pass, officials with the Los Angeles County Metropolitan Transportation Authority announced late last month.

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CITYSEARCH

He owns television studios that produce popular TV shows like "Law & Order" and "Xena: Warrior Princess."

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Supplement Supporter Gets Tenacious About D

Dr. Soram Khalsa wants vitamin D to get more respect.

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Crescent Capital Group Finances Purchase of European Pharmacies

A unit of Crescent Capital Group, an alternative credit investment company based in West Los Angeles, has provided financing for the purchase of a European pharmacy chain purchased by Bencis Capital Partners.

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Haggen to Take Over Vons, Albertsons in Los Angeles

Pacific Northwest grocery chain Haggen Food & Pharmacy will buy 28 Albertsons, Pavilions and Vons stores located in Los Angeles, part of a divestment process sparked by the merger of grocers Albertson’s and Safeway.

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Greater Good

Special Report: HEALTH CARE

GoodRx’s business blossoms as consumers look for cheaper access to prescription drugs

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Regional Report

Business news from L.A. County and beyond.

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Drugstores Surviving Onslaught Of Chains by Banding Together

Independent drugstores were headed for the endangered list a few years ago, but in Los Angeles community pharmacies are holding on tightly, even as drugstore chains move into their neighborhoods.

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MAG USA Acquires Airport Parking Companies

Airport operator MAG buys SM companies

Santa Monica-based airport parking companies AirportParkingReservations.com Inc. and ParkSleepFly Inc. have been acquired by MAG USA, the U.S. arm of British airport operator Manchester Airports Group.

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