BNET Industries
Last Fiscal Year Sales:$300.0M
- Private
- US
Dow Jones Description
Discount Drug Mart, Inc., is an Ohio-based drug store chain that opened its first store in Elyria, Ohio in 1969. Since that time, Drug Mart has established stores in over 20 Ohio counties, and currently operates 66 + stores, including Dayton and Columbus. The company also expects to announce further expansion in 2007. Low prices, outstanding customer service and broad based product lines are at the heart of Drug Mart's growth and success. The company slogan says it all: "Discount Drug Mart Saves You the Runaround...We Have Everything You Need." The 25,000+ square foot stores stock more than 40,000 items. From health and beauty aides to household merchandise; small appliances, paint, hardware and auto accessories; magazines, greeting cards, paper products,groceries, frozen foods, school & office supplies, and seasonal merchandise, Drug Mart has it all! Customers can rent videos, and at our Courtesy Center, pay utility bills send packages UPS or USPS, purchase postage stamps, play the lottery, and buy state hunting or fishing licenses 7 days a week! Drug Mart's pharmacies have the latest customized computer system and electronic prescription transfer. Pharmacists also offer disease management and various testing and screening services. Our dedicated and friendly pharmacists fill over 4.5 million prescriptions a year! Discount Drug Mart has two subsidiaries. Immediate Pharmaceutical Services,Inc. handles mail order prescriptions...
Number of Employees 4,000
Peer Companies
NAICS Code Marketing Consulting Services: 541613
Recent Events
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Discount Drug Mart adopts Kodak photo system
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Discount Drug Mart Launches Fleet of KODAK Photo Printing Solutions Throughout Ohio New Kodak Agreement...
News & Analysis
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discount drug mart inc. - All News and Analysis
Discount Drug Mart celebrates 40-year anniversary
- 2009-03-02
MEDINA, Ohio -- Discount Drug Mart will be celebrating its 40-year anniversary this year, the chain noted last month. "Started by a pharmacist who had a vision to share his knowledge of the industry, his compassion for people and to create a community-like business, Parviz Boodjeh opened his first Discount...
Discount Drug Mart adjusts to role as DME provider
- 2009-02-09
MEDINA, Ohio -- Discount Drug Mart remains one of the very few chain drug operators to become accredited under guidelines established by the Centers for Medicare and Medicaid Services. The Ohio retailer concluded that process in 2007 in order to participate in the durable medical equipment competitive bidding program in...
Discount Drug Mart illuminates savings
- 2009-01-19
MEDINA, Ohio -- While its name suggests that it cuts customers slack on prices, Discount Drug Mart also has made an effort to give itself a few discounts. The Medina, Ohio-based retail pharmacy chain, which operates 67 stores throughout Ohio, has installed new General Electric lighting fixtures at 37...
Discount Drug Mart sells PBM business
- 2008-09-08
ROCKVILLE, Md. -- HealthExtras, a pharmacy benefit management company, last month acquired Discount Drug Mart's PBM, Immediate Pharmaceutical Services, for $40 million. "[Immediate Pharmaceutical Services] represents a profitable, well-managed business where incremental investments in technology systems, personnel and scale should meaningfully improve results," Mike Donovan, executive vice president of...
Discount Drug Mart tries clinics
- 2008-04-28
MEDINA, Ohio -- This spring will mark a milestone for Discount Drug Mart as the chain, which operates in Ohio, debuts its first m-store clinic. The clinic, to be operated in partnership with a local hospital, will open in May in the retailer's Olmsted Falls outlet. The retailer...
Discount Drug Mart pursues accreditation and training
- 2008-04-21
Discount Drug Mart is one of the few drug retail chains to get accreditation as a provider of durable medical equipment in an effort to capture Medicare-reimbursed DME business. The Ohio chain last year received an Exemplary Provider Certificate of Accreditation from the Compliance Team, an accrediting body for the...
Discount Drug Mart makes home health, clinics a priority
- 2007-04-23
It may have that general-store-on Main-Street look and feel, but Discount Drug Mart is a pure druggist at heart. With an average 24,500-square-feet per store, the chain can more readily afford to experiment with space intensive initiatives designed to drive more healthcare traffic through its doors. And that's what...
Discount Drug Mart hones niche
- 2007-04-23
MEDINA, Ohio -- Home health care continues to flourish at Discount Drug Mart, according to chief financial officer Tom McConnell. Expanded home health care departments helped the company's revenues (including mail-order pharmacy sales) grow more than 7% to some $605 million in the fiscal year ended March 31. ...
Discount Drug Mart enhances store base
- 2006-05-01
MEDINA, Ohio -- Extensive remodeling of two outlets and a store relocation allowed Discount Drug Mart to significantly enhance its positioning last year. The stores that were remodeled were enlarged in the process from 20,000 to 24,500 square feet, allowing them to conform to Discount Drug Mart's prototype. Thus...
Discount Drug Mart finds ways to stand out in a crowded field
- 2005-05-02
MEDINA, Ohio -- With units averaging 22,000-square-feet, Discount Drug Mart has plenty of space to differentiate itself from other drug chains. The retailer has been doing just that of late with imports from Asia, including T-shirts, sweaters and coffee mugs. Imports--acquired directly from suppliers without middlemen or other...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Parviz Boodjeh | CEO |
| John Gans | President |
| Thomas J. McConnell | Chief Financial Officer |
| Mike Eby | Human Resources Executive |
| P. J. Ferut | Data Processing Executive |
| Organization | Position | Status |
|---|---|---|
| Discount Drug Mart Inc. | CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Discount Drug Mart Inc. | President | Current |
| Immediate Pharmaceutical Services Inc. | President | Current |
| Organization | Position | Status |
|---|---|---|
| Discount Drug Mart Inc. | Chief Financial Officer | Current |
| Immediate Pharmaceutical Services Inc. | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Discount Drug Mart Inc. | Human Resources Executive | Current |
| Organization | Position | Status |
|---|---|---|
| Discount Drug Mart Inc. | Data Processing Executive | Current |
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