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Sav-On purchased the inventories, fixtures, leasehold improvements, and other assets for 15 Pay Less Drug Stores in Southern California from the Oakland-based Pay Less in March 1978. The new stores were mostly located in Orange and San Diego counties. Sav-On had 112 stores prior to the sale and 127 after including the former Pay Less stores.
In 1987, Longs acquired 11 Osco drugstores in California and one in Colorado. They also sold 15 stores in Arizona to Osco. Their sales passed $2 billion (~$4.12 billion in 2023) for the first time in 1990. In 1993, Longs purchased Bill's Drugs, a 20-store chain located in Northern California, for $23.9 million (~$45.5 million in 2023).
Some stores were sold to his brother Samuel "L.S." Olnie Skaggs (then an executive at Safeway) along with some colleagues. L.J. Skaggs retained California Pay Less Stores, which became part of Thrifty PayLess, and which are now owned by Rite Aid. The remaining Pay-Less stores were renamed Skaggs Drug Stores in 1948, Skaggs Drug Centers in 1965.
Under Medicaid’s rules, a drug company must sell drugs given to Medicaid patients at a discount of either 15.1 percent off of the regular wholesale price or at the “best price” given to any other buyer if that price is lower than the 15.1 percent discount.
Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles–based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired the Kmart subsidiary PayLess Drug Stores Northwest, Inc. [1] At the time ...
Shutting prisons to outsiders during COVID-19 didn’t slow the flow of drugs into California correctional facilities.
Drug companies can price new medicines, particularly orphan drugs, i.e. drugs that treat rare diseases, defined in the United States as those affecting fewer than 200,000 patients, at a cost that no individual person could pay, [73] [74] [75] because an insurance company or the government are payors. [76]
Tesla and SpaceX CEO Elon Musk speaks with Donald Trump during a campaign event at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa.