WOONSOCKET, R.I. — CVS Health on Wednesday announced operating results for the first quarter ended March 31. The drug store chain reported a 42% increase in profit for the three months and raised its adjusted earnings forecast for the year, as it benefits from its $69 billion purchase of health insurer Aetna. “We generated strong
WOONSOCKET, R.I. — CVS Health and SmileDirectClub Thursday announced plans to expand access to affordable, convenient orthodontic clear aligner therapy through SmileShops in hundreds of CVS Pharmacy locations. After a successful pilot, SmileDirectClub SmileShops will launch in hundreds of CVS Pharmacy locations in 2019, more than doubling SmileDirectClub’s current physical footprint and consumer access to revolutionary
WASHINGTON – Douglas County, Colo., is the healthiest community in America, according to the 2019 Healthiest Communities rankings by U.S. News & World Report, released Tuesday in collaboration with the Aetna Foundation. The second annual report and accompanying analysis are based on an evaluation of nearly 3,000 communities nationwide across 81 health-related metrics in 10 categories, from education
HARTFORD, Conn. — Aetna, a CVS Health business, is offering resources to members who have been affected by floods in Illinois, Iowa, Kansas, Michigan, Nebraska, Ohio, South Dakota and Wisconsin. Aetna members can refill their prescriptions early, if needed. Members who use Aetna’s mail-order pharmacy can either get a prescription at an alternate delivery location or refill a
WOONSOCKET, R.I. — According to published reports in the Wall Street Journal, CVS Health has named a new chief information officer tasked with integrating its information technology and data with IT systems used by Aetna, which the drugstore chain acquired last year in a $70 billion deal. Roshan Navagamuwa, who over the past year served
WASHINGTON — A federal judge has been formally asked by the Justice Department to approve CVS Health’s acquisition of Aetna Inc. District Court Judge Richard Leon had rebuked the government and the companies late last year for closing the $69 billion dollar deal prior to approval of a consent order. In response, CVS offered to
HOUSTON — CVS Health has unveiled a new health-focused store concept here that’s designed to help the pharmacy chain become more of a health-care provider. The three HealthHUB pilot stores that opened in the Houston area in December are part of the company’s vision for its $70 billion acquisition of health insurer Aetna. In addition
HARTFORD, Conn. — As part of an ongoing commitment to supporting community health and wellness, the Aetna Foundation today announced the two grand prize winners of the Healthiest Cities & Counties Challenge (the Challenge). The Mecklenburg County, N.C., Village HeartBEAT program won the $500,000 grand prize from the mid-sized city or county category (population 250,001
BOSTON — Aetna, a CVS Health business, has launched Attain, a unique health experience designed by Aetna in collaboration with Apple. Through the use of an Apple Watch, the Attain app will provide Aetna members personalized goals, track their daily activity levels, recommend healthy actions, and ultimately reward them for taking these actions to improve their
WOONSOCKET, R.I. — CVS Health announced that Aetna, a CVS Health business, has entered into a four-year reinsurance arrangement with Vitality Re X Limited as part of its long-term capital management strategy. The arrangement allows CVS Health to reduce its required capital and provides $200 million of collateralized excess of loss reinsurance coverage on a portion of Aetna’s
WASHINGTON—According to various published reports, a federal judge on Tuesday “softened” his previous suggestion that he would likely order CVS Health to halt its integration of Aetna. U.S. District Judge Richard Leon in recent weeks had voiced some concerns about the companies’ settlement with Justice Department antitrust enforcers that allowed the nearly $70 billion deal
U.S. district court judge Richard Leon put somewhat of a damper on CVS Health’s merger with Aetna earlier this month when he indicated that he might order a halt to the integration of the companies, which finalized their $78 billion tie-up in late November after winning approval from the Department of Justice and state regulators.
WOONSOCKET, R.I. – CVS Health today announced that it has completed its acquisition of Aetna establishing CVS Health as the nation’s premier health innovation company. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” declared CVS Health president and chief executive officer Larry Merlo.
OVERLAND PARK, Kan. — Ahead of its deal with CVS, Aetna announced an agreement to divest all of Aetna’s standalone Medicare Part D business to a subsidiary of WellCare Health Plans, Inc. (WellCare). The company said the divestiture is subject to the completion of CVS Health’s proposed acquisition of Aetna, regulatory approvals and other customary