CVS Health

CVS’ removal of tobacco cuts retail cigarette purchases

CVS’ removal of tobacco cuts retail cigarette purchases

WOONSOCKET, R.I. — CVS Health’s removal of tobacco products from its drug stores over two years ago continues to impact retail cigarette sales. A new study from the CVS Health Research Institute, published online Thursday in the American Journal of Public Health, found that dropping tobacco from all CVS Pharmacy stores reduced the number of

CVS Health makes Fortune ‘Most Admired Companies’ list

CVS Health makes Fortune ‘Most Admired Companies’ list

WOONSOCKET, R.I. — CVS Health has been named as one of the “World’s Most Admired Companies” by Fortune magazine. CVS came in at No. 45 on the corporate rankings list, which put it among the top 50 “all-stars” on this year’s Fortune Most Admired Companies list. In addition, CVS finished No. 1 in its industry

Congress reintroduces DIR fee legislation

Congress reintroduces DIR fee legislation

WASHINGTON — Reps. Morgan Griffith (R., Va.) and Peter Welch (D., Vt.) have reintroduced the Improving Transparency and Accuracy in Medicare Part D Spending Act (H.R. 1038), which community pharmacies say would squelch a growing burden: retroactive direct and indirect remuneration (DIR) fees. The bill, introduced Wednesday in the House of Representatives, would ban the application

CVS Health closes fiscal year on high note

CVS Health closes fiscal year on high note

WOONSOCKET, R.I. — CVS Health topped Wall Street’s earnings-per-share forecast and, driven largely by its PBM unit, saw double-digit sales gains for the 2016 fourth quarter and full year. CVS said Thursday that for the fourth quarter ended Dec. 31, revenue totaled $45.97 billion, up 11.7% from $41.15 billion a year earlier. For the 2016

Jury still out on WBA-Rite Aid merger deal

Jury still out on WBA-Rite Aid merger deal

WASHINGTON — The acquisition of Rite Aid Corp. by Walgreens Boots Alliance (WBA) Inc. remained unconsummated after WBA’s plan to divest 865 stores failed to erase antitrust regulators’ competitive concerns. When the Friday, January 27, deadline for completing the Walgreens-Rite Aid merger deal arrived, the Federal Trade Commission still hadn’t cleared the transaction, despite the

CVS offers low-cost EpiPen alternative

WOONSOCKET, R.I. — CVS Health is providing a low-cost alternative Mylan’s EpiPen epinephrine auto-injector for anaphylaxis. CVS has made Impax Laboratories’ epinephrine auto-injector available at all CVS Pharmacy drug stores at a cash price of $109.99 for a two-pack. That compares with a cash price of $649.99 for the branded EpiPen and $339.99 for the

CVS’ Brian Tilzer joins Signet Jewelers board

CVS’ Brian Tilzer joins Signet Jewelers board

HAMILTON, Bermuda — Brian Tilzer, senior vice president and chief digital officer at CVS Health, has been named to the board of directors at Signet Jewelers Ltd., the largest retailer of diamond jewelry. Signet said this week that, as part of organizational changes, it created a new director position to add an executive with digital

CVS pledges to raise $10 million for women’s heart health

CVS pledges to raise $10 million for women’s heart health

WOONSOCKET, R.I. — CVS Health has become a new national sponsor of the American Heart Association’s Go Red For Women movement supporting women’s heart health. CVS said Wednesday that it has committed to raise at least $10 million over the next three years, including through an in-store donation program, to help fund cardiovascular research and

The leaders are there; who will stand out in chain drug?

The leaders are there; who will stand out in chain drug?

Going into the new year, several key personnel questions await answers, foremost among them the age-old problem of determining who, in 2017, will emerge as the most influential senior staffers at America’s drug chains. The determination is made more difficult by the fact that, as of this writing, Walgreens’ acquisition of Rite Aid remains unresolved.

CVS serves up low-cost EpiPen option

CVS serves up low-cost EpiPen option

WOONSOCKET, R.I. — In the wake of the public outcry over pricing for Mylan’s EpiPen epinephrine auto-injector for anaphylaxis, CVS Health announced that it’s providing a low-cost alternative. CVS said Thursday that Impax Laboratories’ authorized generic for the Adrenaclick epinephrine auto-injector is now available at all CVS Pharmacy drug stores at a cash price of $109.99

Larry Merlo named Health Care Exec of the Year

Larry Merlo named Health Care Exec of the Year

WOONSOCKET, R.I. — As Larry Merlo sees things, health care delivery in the United States is a tale of two incompatible models, a costly, inefficient one rooted in the past, and another focused on a future of increased patient access, improved outcomes and lower costs. “At the moment, it’s as if we have two health

CVS program steps up fight against diabetes

WOONSOCKET, R.I. — In its ongoing effort to combat diabetes, CVS Health has introduced Transform Diabetes Care, a new program available to help the company’s pharmacy benefit management clients improve the health outcomes of their members, lower pharmacy costs through aggressive trend management and decrease medical costs by improving medication adherence, A1c control and lifestyle

Merlo: Integrated care sets CVS Health apart

Merlo: Integrated care sets CVS Health apart

NEW YORK — CVS Health’s integrated pharmacy care model makes it a “partner of choice” in the health care arena, president and chief executive officer Larry Merlo said at the company’s annual Analyst Day event in Manhattan. Merlo and senior CVS Health executives gathered in New York on Thursday to give the investment community an

CVS to build distribution center in Kansas City

CVS to build distribution center in Kansas City

KANSAS CITY, Mo. — CVS Health plans to build a new distribution center in Kansas City, Mo., to serve CVS Pharmacy locations in the region. The Kansas City Area Development Council said Wednesday that the 762,000-square-foot CVS distribution center will be located at 108th Street and North Congress in Skyport Industrial Park. The 71-acre facility,

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