WOONSOCKET, R.I. — Boosting its services for the burgeoning senior market, CVS Health has agreed to acquire Omnicare — the nation’s largest provider of pharmaceutical services to long-term care facilities — for $12.7 billion. With the acquisition, which includes $2.3 billion in debt, CVS Health will significantly expand its ability to dispense prescriptions in assisted
WOONSOCKET, R.I. — CVS Health is entering a new market segment with a $12.7 billion deal to acquire Omnicare, a provider of pharmacy services to long-term care facilities. CVS said Thursday that the addition of Omnicare will significantly expand its ability to dispense prescriptions in assisted living and long-term care facilities, serving the senior patient population. The
NEW YORK — CVS Health and Rite Aid Corp. plan to rebuild stores that sustained heavy damage during the late April riots in Baltimore. CVS Health said it will rebuild two Baltimore stores that were destroyed. Three other Baltimore stores were shut temporarily. “As we watched the events unfold in Baltimore,” said president and chief executive officer
WOONSOCKET, R.I. — Next month, CVS Health plans to launch an employee smoking cessation program that reflects the findings of new research and continues the company’s efforts to reduce tobacco use. According to a study by the CVS Health Research Institute and researchers from the University of Pennsylvania’s Perelman School of Medicine, employer-sponsored smoking cessation programs that offer financial incentives show higher
WOONSOCKET, R.I. — MinuteClinic has reached a service milestone, surpassing 25 million patient visits since opening the nation’s first retail clinic in 2000. Parent company CVS Health said Tuesday that MinuteClinic is the nation’s largest and fastest-growing provider of retail health clinics, with nearly 1,000 clinics located inside CVS/pharmacy stores in 31 states and the District of Columbia. MinuteClinic was acquired by
WOONSOCKET, R.I. — CVS Health plans to rebuild two CVS/pharmacy stores in Baltimore that sustained heavy fire damage during last week’s protests in the city. The company said Wednesday that the CVS/pharmacy locations to be rebuilt are at 2509 Pennsylvania Ave. and 2560 West Franklin St. in Baltimore. CVS Health said that to help minimize the financial impact of the store
WOONSOCKET, R.I. — Citing a strong performance by its pharmacy benefit management business, CVS Health posted a double-digit sales gain for the first quarter, with adjusted earnings topping Wall Street’s projections. CVS said Friday that net sales for the three months ended March 31 totaled $36.33 billion, up 11.1% from $32.69 billion a year earlier. Sales for CVS’ retail pharmacy business
CVS Health has teamed up with the American Lung Association to fight lung cancer with a national in-store fundraising campaign to support Lung Force, an initiative that encourages people to unite against lung cancer, the leading cancer killer of women and men. From May 3 to May 23, consumers can donate $1 or $3 at checkout in CVS/pharmacy stores or
NEW YORK — CVS Health and Rite Aid Corp. have closed stores in Baltimore that were damaged in the city’s ongoing riots. A CVS spokeswoman said Wednesday that two CVS/pharmacy stores sustained heavy damage from the rioting and have been closed, and no employees or customers were harmed. Five CVS stores were affected by the protests, which began on Monday, and the company
WOONSOCKET, R.I. — CVS Health has entered into new clinical affiliations with Rush University Medical Center in Chicago and with Tucson Medical Center in Tucson and its accountable care organization, Arizona Connected Care. These affiliations are intended to enhance access to high-quality, affordable health care services for patients. Through these clinical affiliations, CVS Health will
HONOLULU — CVS Health’s Longs Drugs will acquire the pharmacy operations of all 10 Mina Pharmacy locations in Hawaii, with six Mina locations to be renamed Longs Pharmacy and four stores to close, according to Pacific Business News. Longs said that it has interviewed all of Mina’s employees interested in working at Longs and is
ARLINGTON, Va. — CVS Health is among the supporters of the Surescripts National Record Locator Service, which the health information network announced it will implement with electronic health record (EHR) vendors eClinicalWorks, Epic, and Greenway Health. Surescripts said Monday that the deployment will allow more than 480,000 providers to use the technology to locate and
BOSTON — Associated Industries of Massachusetts (AIM) plans to present CVS Health and the Massachusetts Rehabilitation Commission (MRC) with the 17th Annual John Gould Education & Workforce Development Award for their Health Pharmacy Technician Program. The award will be presented at AIM’s 100th Annual Meeting on May 8 at the Boston Westin Waterfront Hotel. AIM
WOONSOCKET, R.I. — CVS Health has promoted Josh Flum to executive vice president of pharmacy services as part of a series of organizational changes the company says are designed better align the enterprise and fuel its growth strategy. Flum, who previously served as senior vice president of retail pharmacy, will head a new enterprise product
