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CVS Health

CVS takes ownership of Target pharmacies

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

CVS well positioned to create value in health care

CVS well positioned to create value in health care

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

Status quo in retail pharmacy won’t suffice

Status quo in retail pharmacy won’t suffice

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

CVS closes purchase of Target pharmacies, clinics

CVS closes purchase of Target pharmacies, clinics

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

CVS Health’s Merlo: ‘No one is better positioned’

CVS Health’s Merlo: ‘No one is better positioned’

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

CVS deploys digital tools to support patient health

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 —

Investment pros: Merlo is top food/drug retail CEO

Investment pros: Merlo is top food/drug retail CEO

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

CVS/pharmacy elevates the beauty care experience

CVS/pharmacy elevates the beauty care experience

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

CVS backs provider collaboration initiative

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,

CVS boosts digital Rx functionality with new tools

CVS boosts digital Rx functionality with new tools

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

CVS partners with campaign to drive primary care

CVS partners with campaign to drive primary care

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

New public-private partnership taking aim at Rx abuse

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

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