Financial Results, Approved Share Repurchase Programs, and Reported Best Practices - Research Report on Walgreen, AmerisourceBergen, Cardinal Health, Rite Aid, and Omnicare

NEW YORK, August 20, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Walgreen Co. (NYSE: WAG), AmerisourceBergen Corporation (NYSE: ABC), Cardinal Health, Inc. (NYSE: CAH), Rite Aid Corp. (NYSE: RAD), and Omnicare Inc. (NYSE: OCR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Walgreen Co. Research Report

On August 14, 2013, Walgreen Co. (Walgreens) reported that Alex Gourlay, Chief Executive of the Health & Beauty Division, Alliance Boots, has been appointed Walgreens Executive Vice President, President of Customer Experience and Daily Living, with effect from October 1, 2013. Walgreens stated that Mr. Gourlay will report to Greg Wasson (Walgreens President and CEO) and in his new role Gourlay will spearhead Walgreens Daily Living business operations. Mr. Wasson commented, "At Walgreens, Alex will lead a strong Daily Living business team - which is already building momentum - to further advance our vision to be the first choice in health and daily living for everyone in America, and beyond. In the future, you can expect to hear about additional moves by both organizations to further support the combination of our two iconic brands." The Full Research Report on Walgreen Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/844c_WAG ]

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AmerisourceBergen Corporation Research Report

On August 8, 2013, AmerisourceBergen Corporation (AmerisourceBergen) reported that its Board of Directors has approved a new $750 million share repurchase program. According to the Company, it has $446.1 million remaining related to its prior November 2012 authorization, which brings the total amount authorized for repurchases to $1.2 billion. Amerisource Bergen further stated that, during FY 2013 (period ending September 30, 2013), AmerisourceBergen spent $401.1 million to repurchase its outstanding shares of common stock. Steven H. Collis, AmerisourceBergen President & CEO, commented, "Our share repurchases during fiscal year 2013 and our new program demonstrate our continued commitment to delivering long-term shareholder value. While our expectations for share repurchases over the next few quarters have not changed, the new authorization gives us significant longer-term flexibility." The Company also informed that its Board of Directors approved a cash dividend of $0.21 per share on Common Stock, payable on September 3, 2013, to stockholders of record at the close of business on August 19, 2013. The Full Research Report on AmerisourceBergen Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/29fb_ABC ]

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Cardinal Health, Inc. Research Report

On August 14, 2013, Cardinal Health, Inc. (Cardinal Health) launched a unique publication entitled Independent Pharmacy Best Practices Guide: Innovating Independents at its yearly Retail Business Conference (RBC) for independent pharmacies. According to Cardinal Health, the report showcased 14 unique programs that are executed by independent pharmacists all over the United States to improve patient care and drive business results. Steve Lawrence, Senior Vice President of Independent Sales for Cardinal Health, commented, "The independent pharmacists we serve are always striving to provide high-quality, personalized care to patients while positioning their businesses to succeed. We're delighted to honor this year's winner and finalists by sharing their best practices at RBC 2013, and we congratulate them for their commitment to community pharmacy excellence." The Full Research Report on Cardinal Health, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/ee30_CAH ]

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Rite Aid Corp. Research Report

On August 15, 2013, Rite Aid Corp. (Rite Aid) reported that customers can now receive seasonal flu shots at all Rite Aid pharmacies nationwide. The Company stated that the interested customers can go to any of more than 4,600 Rite Aid pharmacies for their flu shots (covered by most insurance plans including Medicare Part B, from a Rite Aid certified immunizing pharmacist, subject to state regulations). According to the Company, flu shots are given during pharmacy hours without any prior appointments. Robert I. Thompson, Rite Aid Executive Vice President of Pharmacy commented, "While it's too early to tell what the 2013-2014 flu season will bring, it's not too early to visit your Rite Aid pharmacist for a flu shot. Getting a flu shot as soon as it is available remains the single best way to protect yourself and others against the flu." The Full Research Report on Rite Aid Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/f64e_RAD ]

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Omnicare Inc. Research Report

On July 24, 2013, Omnicare Inc. (Omnicare) declared its Q2 2013 financial results. Net sales stood at $1.6 billion up 2.2% YoY, while gross profit for the quarter was $378.5 million compared to $367.3 million in Q2 2012. GAAP earnings per diluted share was $0.48, versus $0.17 in Q2 2012. Adjusted EBITDA stood at $179 million and cash flows from operations stood at $154 million in Q2 2013, compared to $170 million and $120 million, respectively, in Q2 2012. Nitin Sahney, Omnicare's President and CEO, stated, "For the first time in six quarters, we generated net organic bed growth in our Long-Term Care Group - a trend we believe will be sustainable. We believe these key operational advancements reinforce Omnicare's efforts to build upon a foundation that will enable us to better leverage our growth platforms." For full-year FY 2013, Omnicare expects revenue to be within $6.1 billion to $6.3 billion range. The Full Research Report on Omnicare Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/ef9e_OCR ]

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