Ground-breaking agreement expected to help employers manage drug plan
costs while supporting employee well-being
TORONTO, Nov. 13, 2012 /CNW/ - Towers Watson announced today that it has selected Loblaw Companies Limited (Loblaw),
a leading provider of drug store products and services, and a health
and wellness destination, as the preferred pharmacy services provider
for its Towers Watson Canadian Rx Coalition, a collaborative network of
private sector drug plan sponsors.
The arrangement with Loblaw is expected to improve employers' ability to
offer their employees access to a robust range of drugstore health
resources and support overall health and wellness needs while enabling
long-term sustainability of their benefits programs in the face of
"We're very excited about our partnership with Loblaw," said Wendy
Poirier, Leader of the Canadian Health and Group Benefits Practice at
Towers Watson. "It is a win-win for both employers and employees. The
Coalition provides the resources that plan sponsors and members need to
manage their health and drug programs more effectively. Our agreement
with Loblaw will now ensure that Coalition members benefit from the
pharmacy services and unique health and wellness experience available
through a preferred care provider."
Towers Watson's Canadian Rx Coalition provides its members more
efficient plan management, support for pharmacy benefit and clinical
management, a stronger industry voice and now — the services of a
preferred pharmacy provider network.
By participating in the Coalition's preferred pharmacy network employers
will realize savings as compared to the cost of a typical drug plan,
and more importantly, manage increasing drug costs in the future.
Employee participants in the Coalition will benefit from the
convenience and enhanced services offered to members by the Loblaw
With more than thirty years of history in the Canadian pharmacy business
and 500 pharmacies today in its network of banners, Loblaw is one of
the largest full service retail drug retailers operating in Canada.
Loblaw offers a variety of patient education programs and in-store
dietitians to address the health and wellness needs of customers and
its stores are home to more than 100 medical clinics, 100 optical shops
and 60 Goodlife Fitness facilities.
"Loblaw pharmacies are a cornerstone of our Company's health and
wellness strategy and this alliance with Canadian Rx Coalition is a
tremendous opportunity to bring our quality of pharmacy care, wellness
services, and expert drug management to Canadian employers and their
employees," said Dean Miller, vice-president, Pharmacy Operations,
Loblaw Companies Limited.
To learn more about Loblaw banner store pharmacies, please visit www.drugstorepharmacy.ca and Loblaw.ca
Further information on the Towers Watson Canadian Rx Coalition can be
found at www.towerswatson.com.
About Towers Watson
Towers Watson (NYSE, NASDAQ: TW) is a leading global professional
services company that helps organizations improve performance through
effective people, risk and financial management. The company offers
solutions in the areas of employee benefits, talent management,
rewards, and risk and capital management. Towers Watson has 14,000
associates around the world and is located on the web at
About Loblaw Companies Limited
Loblaw Companies Limited, a subsidiary of George Weston Limited, is
Canada's largest food retailer and a leading provider of drugstore,
general merchandise and financial products and services. Loblaw is one
of the largest private sector employers in Canada. With more than 1,000
corporate and franchised stores from coast to coast, Loblaw and its
franchisees employ more than 135,000 full-time and part-time employees.
Through its portfolio of store formats, Loblaw is committed to
providing Canadians with a wide, growing and successful range of
products and services to meet the everyday household demands of
Canadian consumers. Loblaw is known for the quality, innovation and
value of its food offering. It offers Canada's strongest control
(private) label program, including the unique President's Choice®, no
name® and Joe Fresh® brands. In addition, the Company makes available
to consumers President's Choice Financial® services and offers the PC®
points loyalty program.
SOURCE: Towers Watson
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