January 4, 2016 by Geoff Walden and Chain Drug Review
Brian Cornell, CVS Health, Larry Merlo, Target Corp.
2016, Issue 01-04-2016, Issues, News
WOONSOCKET, R.I. — CVS Health Corp. has completed the acquisition of Target Corp.’s pharmacy and clinic businesses, making CVS the No. 1 drug chain by store count and sales. With the closing of the $1.9 billion deal, CVS has picked up Target’s 1,672 pharmacies across 47 states, giving it more than 9,500 prescription counters. Walgreens
January 4, 2016 by Geoff Walden and Chain Drug Review
Analyst Day, Cardinal Health, CVS Health, David Denton, Larry Merlo, Omnicare, Red Oak Sourcing, Target Corp.
2016, Business, Issue 01-04-2016, Issues, News
NEW YORK — CVS Health has raised the midpoint of its earnings outlook for 2016 and reiterated its five-year steady state targets. The company now expects next year’s adjusted earnings per share to range from $5.73 to $5.88, reflecting solid year-over-year growth of 11.25% to 14.25%. The bottom end of the range was increased by
January 4, 2016 by Jeffrey Woldt and Chain Drug Review
Affordable Care Act, chain drug store business, community pharmacy, CVS Health, Jeffrey Woldt, Omnicare, Rite Aid, Target Corp., Valeant Pharmaceuticals, Walgreens Boots Alliance
2016, Issue 01-04-2016, Issues, Opinion
In many significant ways, the chain drug store business looks very different at the start of 2016 than it did a year ago. Walgreens Boots Alliance, which emerged from a two-step merger process at the close of 2014, spent the past 12 months rationalizing operations in the United States and developing synergies with its retail
December 21, 2015 by Chain Drug Review
CVS Analyst Day, CVS Health, CVS/pharmacy, Target Corp., Walter Loeb
CDR Blog
Longtime retail consultant/analyst Walter Loeb likes what he sees from CVS Health. In a Forbes article on Friday, Loeb described CVS as a compelling health and wellness destination, especially in the wake of its acquisition of Target Corp.’s pharmacy and retail clinic business, which he called a “bold move.” “I expect CVS stores to be
December 16, 2015 by Chain Drug Review
Brian Cornell, CVS Health, Larry Merlo, MinuteClinic, Target Corp.
Business, Leading Headlines, Pharmacy, Retail News
WOONSOCKET, R.I., and MINNEAPOLIS — CVS Health has completed its $1.9 billion acquisition of Target Corp.’s pharmacy and retail health clinic business. The companies said Wednesday that Target’s 1,672 pharmacies in 47 states will be branded as CVS/pharmacy and operated under a store-within-a-store format. A CVS/pharmacy will be in all new Target stores that offer
December 16, 2015 by John Schultz and Chain Drug Review
CVS Health, CVS/pharmacy, Larry Merlo, Omnicare, Red Oak Sourcing, Target Corp.
Business, Featured Articles, Leading Headlines, Retail News
NEW YORK — At its annual Analyst Day event here, CVS Health updated its earnings guidance for 2016 and reiterated its five-year targets. “Over the past several years, CVS Health has been preparing for the changes in the health care landscape by expanding our extensive suite of leading assets and capabilities,” said president and chief
December 7, 2015 by Brian Bossetta and Chain Drug Review
Brian Tilzer, CVS Health, CVS Health Digital Innovation Lab, CVS/pharmacy mobile app, MedRemind
2015, Issue 12-07-2015, Issues, News
WOONSOCKET, R.I. — CVS Health announced a suite of new digital tools last month aimed at helping customers manage their health with more ease and efficiency. The company noted that the new digital tools were developed specifically to address issues facing CVS Health customers. The tools include the following: • Apple Watch app integration —
December 3, 2015 by Chain Drug Review
Brian Cornell, CVS Health, David Denton, food/drug retailing, Institutional Investor, Larry Merlo, Target Corp.
CDR Blog
Larry Merlo, president and chief executive officer of CVS Health, was named the No. 1 CEO in the food/drug retailing sector by Institutional Investor magazine. Merlo was part of the financial publication’s “2016 All-America Executive Team,” in which more than 2,000 portfolio managers and analysts were asked to name the best CEOs, CFOs and investor
November 23, 2015 by Jeffrey Woldt and Chain Drug Review
Alex Perez-Tenessa, beauty care, Beauty Club, CVS Health, CVS/pharmacy, Elevate Beauty, ExtraCare, Jouviance, Make-Up Academy, Promise Organics
2015, Issue 11-23-2015, Issues, Leading Headlines, News
WOONSOCKET, R.I. — Shortly after CVS Health decided in February 2014 to eliminate tobacco products from the merchandise mix at its drug stores, the company’s retail leadership team took the opportunity to reexamine the business. During those deliberations, beauty care quickly emerged as an area ripe for innovation. “We started the journey by interviewing thousands
November 23, 2015 by Mark Baumgartner and Chain Drug Review
Andrew Sussman, CVS Health, CVS/minuteclinic, Family Medicine for America’s Health, Glen Stream, Health is Primary, primary care
2015, Issue 11-23-2015, Issues, News
WASHINGTON — Improved coordination between primary care providers and retail pharmacies and clinics is the aim of a collaboration announced earlier this month between the Health is Primary campaign and CVS Health. The partnership will advocate for patient access to coordinated, continuous care and help ensure all consumers have access to a primary care provider,
November 18, 2015 by Chain Drug Review
Brian Tilzer, CVS Health, CVS Health Digital Innovation Lab, digital health, MedRemind, William Shrank
Leading Headlines, Pharmacy, Retail News, Technology
WOONSOCKET, R.I. — CVS Health has unveiled a suite of digital tools designed to help customers better manage and adhere to their prescriptions. The company said Wednesday that the five new digital health tools — Apple Watch app integration, Scan Paper Script, Insurance Card Scan, MedRemind and in-store pharmacy messages — were developed to address
November 13, 2015 by Chain Drug Review
Andrew Sussman, CVS Health, Family Medicine for America’s Health, FMAHealth, Glen Stream, Health is Primary, MinuteClinic, primary care
Featured Articles, Leading Headlines, Pharmacy, Retail News
WASHINGTON — CVS Health is collaborating with the “Health is Primary” campaign of Family Medicine for America’s Health (FMAHealth) to spur coordination of care between primary care providers and retail pharmacies and clinics, including CVS/pharmacy and MinuteClinic. FMAHealth said Friday that through the initiative, Health is Primary and CVS Health will educate consumers about the
November 10, 2015 by Chain Drug Review
Andrew Sussman, CVS Health, CVS/pharmacy, MinuteClinic
Pharmacy, Retail News
WOONSOCKET, R.I. — MinuteClinic has opened its first retail health clinics in Springfield, Mo., with more locations to come. The CVS Health subsidiary said Tuesday that two clinics have opened inside CVS/pharmacy stores on the edge of the Missouri State University campus on Elm Street and in Southern Hills. Missouri State Sen. Jay Wasson and
November 9, 2015 by Brian Bossetta and Chain Drug Review
American Pharmacists Association, CVS Health, drug abuse, drug overdoses, naloxone, National Association of Chain Drug Stores, National Community Pharmacists Association, Pharmacists Teach, prescription pain medications, Rite Aid
2015, Issue 11-09-2015, Issues, News
WASHINGTON — President Obama highlighted the need to change prescribing practices for opioid medications, channel more resources for addiction treatment and facilitate access to naloxone, a drug that helps prevent overdose deaths. “More Americans now die every year from drug overdoses than they do from motor vehicle crashes. The majority of those overdoses involve legal