WOONSOCKET, R.I. — Despite sales declines in its retail pharmacy business, CVS Health saw overall revenue rise and bested Wall Street’s earnings forecast for its fiscal 2017 third quarter. CVS said Monday that for the third quarter ended Sept. 30, sales totaled $46.18 billion up 3.5% from $44.62 billion a year earlier. CVS third-quarter sales
WOONSOCKET, R.I. — CVS Health has announced two major agreements to boost pharmacy benefit management services. The company late last month introduced a 30,000-store performance-based pharmacy network anchored by CVS Pharmacy and Walgreens designed to deliver savings and improved clinical outcomes for CVS Caremark PBM members. That followed the company’s announcement of a five-year deal
WOONSOCKET, R.I. — At presstime The Wall Street Journal along with other news agencies reported that CVS Health will offer more than $200 per share, or about $66 billion, to purchase the health insurance giant Aetna Inc. Anonymous sources cited by WSJ originated the story about a potential CVS-Aetna deal. The possible transaction comes as
WOONSOCKET, R.I. — CVS Health has expanded its safe medication disposal program with in-store kiosks. The new disposal units inside 750 CVS Pharmacy stores will add to the more than 800 CVS medication disposal kiosks the company has donated to law enforcement officials across the country. Those units have collected more than 100 metric tons
WOONSOCKET, R.I. — CVS Health has responded to regional crises to help meet the needs of residents in Florida and Houston. In Florida, CVS said this week it’s making the hepatitis A vaccine available to address an outbreak in the state. And in Houston, the company rescheduled its free Project Health screenings in light of
CHICAGO — GSK Consumer Healthcare and CVS Health have partnered with American Lung Association’s Lung Force initiative to help people quit smoking. The American Lung Association said that GSK Consumer Healthcare will donate $1 to Lung Force for every box of Nicorette or NicoDerm CQ purchased at CVS Pharmacy through Dec. 2, up to $100,000.
WOONSOCKET, R.I. — CVS Health has launched its fourth annual in-store fundraising campaign to benefit Stand Up To Cancer (SU2C) at CVS Pharmacy stores nationwide. Through Nov. 19, CVS Pharmacy customers can support Stand Up To Cancer by making a $1, $3 or larger donation at checkout or online at StandUpToCancer.org/CVSHealth. Funds raised will support Stand
WOONSOCKET, R.I. — CVS Health has officially expanded its safe medication disposal kiosk program to CVS Pharmacy stores. The company said new CVS drug disposal kiosks are now inside 750 CVS Pharmacy locations, adding to the 800-plus units that the company has donated to law enforcement nationwide, which have collected more than 100 metric tons
WOONSOCKET, R.I. — For its CVS Caremark pharmacy benefit manager, CVS Health next year plans to roll out a new 30,000-store pharmacy network anchored by CVS Pharmacy and Walgreens. CVS said late Tuesday that the performance-based network also will include up to 10,000 independent community pharmacies nationwide. Besides yielding unit cost savings, the CVS Caremark
WOONSOCKET, R.I. — CVS Pharmacy aims to improve medication adherence with the rollout of ScriptPath, a new prescription management system for patients on multiple medicines. Earlier this month, CVS launched the ScriptPath Prescription Schedule, which pulls all of a patient’s CVS prescription information onto one document and employs icons designating the time of day and
NEW YORK — Community pharmacy operators continue to respond to an unprecedented string of natural disasters across the United States. CVS Pharmacy, Walgreens, Rite Aid Corp., Discount Drug Mart, Albertsons Cos., Kroger Co. and Walmart are among the community pharmacy operators contributing funds and other assistance. The Albertsons Cos. Foundation organized an in-store fund-raiser to
WOONSOCKET, R.I. — CVS Pharmacy has continued its rollout of premium and niche beauty brands with the introduction this month of some 60 products from Tigi Cosmetics at 2,000 CVS drug stores and on the CVS.com website. In addition, Tigi’s assortment will get high-visibility placement on the retailer’s “trend wall,” an innovation introduced this year
Speculation about the possible entry of Amazon into the prescription drug business has been abundant in recent weeks. Financial analysts and journalists have generated a steady stream of reports about what is planned by the e-commerce powerhouse which, beginning with books 23 years ago, has succeeded in disrupting established business patterns in one merchandise category
WOONSOCKET, R.I. — CVS Health has signed a five-year agreement to provide services to support IngenioRx, a new pharmacy benefit manager formed by Blue Cross Blue Shield health insurer Anthem Inc. CVS said Wednesday that its CVS Caremark PBM division will manage certain services for IngenioRx, including claims processing and prescription fulfillment. In addition, CVS
