World News Trust World News Trust
World News Trust World News Trust
  • News Portal
  • All Content
    • Edited
      • News
      • Commentary
      • Analysis
      • Advisories
      • Source
    • Flatwire
  • Topics
    • Agriculture
    • Culture
      • Arts
      • Children
      • Education
      • Entertainment
      • Food and Hunger
      • Sports
    • Disasters
    • Economy
    • Energy
    • Environment
    • Government
    • Health
    • Media
    • Science
    • Spiritual
    • Technology
    • Transportation
    • War
  • Regions
    • Africa
    • Americas
      • North America
      • South America
    • Antarctica
    • Arctic
    • Asia
    • Australia/Oceania
    • Europe
    • Middle East
    • Oceans
      • Arctic Ocean
      • Atlantic Ocean
      • Indian Ocean
      • Pacific Ocean
      • Southern Ocean
    • Space
  • World Desk
    • Submit Content
  • About Us
  • Sign In/Out
  • Register
  • Site Map
  • Contact Us
  • How Elon Musk's Tweets Unleashed A Wave Of Hate | Marianna Spring
  • :::ADVISORY:::GOOD MORNING! 230321:::ADVISORY:::
  • Will China Dump Its Dark Deal With America? | Yanis Varoufakis
  • Anatomy Of A Financial Meltdown | Nouriel Roubini
  • Credit Suisse Unease Sparks Fresh Selloff In World Stocks | Dhara Ranasinghe
  • SVB Shockwaves Rattle Global Banks In Grip Of Contagion Fears | Trevor Hunnicutt and Tom Westbrook
  • Analysis: Silicon Valley Bank's Fall Widens Systemic Cracks As Cheap Money Vanishes | David Randall And Davide Barbuscia
  • Will China Dump Its Dark Deal With America? | Yanis Varoufakis
  • Anatomy Of A Financial Meltdown | Nouriel Roubini
  • SVB Shockwaves Rattle Global Banks In Grip Of Contagion Fears | Trevor Hunnicutt and Tom Westbrook
  • Credit Suisse Unease Sparks Fresh Selloff In World Stocks | Dhara Ranasinghe
  • :::ADVISORY:::GOOD MORNING! 230321:::ADVISORY:::
  • How Elon Musk's Tweets Unleashed A Wave Of Hate | Marianna Spring

Wal-Mart, CVS Alarm Doctors As Retailers Push Clinics (Josh Fineman)

More items by author
Categories
Edited | News -- WNT Selected
Tool Bar
View Comments

By Josh Fineman

  Sept. 7, 2006 (Bloomberg) -- Lillian Grabel had one day of blood pressure medication left and didn't want a long wait in a doctor's office for a new prescription. So she turned to the drop-in clinic at a Duane Reade drugstore in New York.

  ``It's wonderful,'' says Grabel, 66, after a stop at the RediClinic on the second floor. ``It was worth every penny not to sit in any doctor's office.''

  To capture walk-in patients who will buy drugs and other merchandise, Wal-Mart Stores Inc., Duane Reade Holdings Inc., CVS Corp. and Walgreen Co. are opening clinics mostly run by nurse practitioners and physician assistants who treat everyday ailments and write prescriptions. Executives say at least 5,000 U.S. outlets will open in the next few years, even as doctor groups express concern over the quality of patient care.

  ``This is a first step by CVS and some of the others to say we are going to fill the void of where the general practitioner used to be,'' says Dan Genter, president of Los Angeles-based RNC Genter Capital Management, which manages more than $2 billion including CVS shares. ``It's a big void, and there's a real need for it.''

  CVS, the second-biggest U.S. drugstore chain, agreed to buy MinuteClinic Inc. for an undisclosed amount in July to enter the market for walk-in health-care services. MinuteClinic, based in Minneapolis, was founded in May 2000.

  Former America Online Inc. Chairman Steve Case, who has a minority stake in RediClinic, has also entered the market.

(more)

READ MORE: Bloomberg

back to top
  • Created
    Friday, September 08 2006
  • Last modified
    Wednesday, November 06 2013
  1. You are here:  
  2. Home
  3. All Content
  4. Edited
  5. Wal-Mart, CVS Alarm Doctors As Retailers Push Clinics (Josh Fineman)
Copyright © 2023 World News Trust. All Rights Reserved.
Joomla! is Free Software released under the GNU General Public License.