WOONSOCKET, R.I. — Just after the Thanksgiving weekend, CVS Health 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
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 Pharmacy announced last month that customers in the greater Boston area can enroll in CarePass, a new pilot membership rewards program offering additional benefits to the company’s popular ExtraCare Rewards Program. CarePass offers members a suite of in-store and online perks including free delivery on most medications and purchases, access to
WOONSOCKET, R.I. — CVS Health will debut new concept stores early next year, said president and chief executive officer Larry Merlo. He said the company envisioned “a hub-and-spoke concept” with health hubs in a set number of outlets in a given market and the balance of the stores having core offerings that would serve as
NEW YORK — CVS Health, the Centers for Disease Control and Prevention, and Bayer Consumer Health + BrightGuard were the big winners Tuesday evening at the Consumer Healthcare Products Association (CHPA) Educational Foundation at the Plaza Hotel in Manhattan. The CHPA’s annual gala celebrates the foundation’s mission of happier, healthier lives through responsible self-care and
WOONSOCKET, R.I. — Coram CVS Specialty Home Infusion Services has earned The Joint Commission’s Gold Seal of Approval for Home Care Accreditation. By earning the accreditation for the third time, Coram has demonstrated continuous compliance with its performance standards. The gold seal is a symbol of quality that reflects Coram’s commitment to providing safe and
WOONSOCKET, R.I. — During yesterday’s earnings call, chief executive officer Larry Merlo reported that after the Aetna deal is finalized, CVS plans to open its first concept stores early next year. During the call Merlo outlined areas where the company will focus on to reduce medical costs for the combined company once the deal closes. Merlo
NEW YORK — Faced with unprecedented change in customer behavior and expectations and the growing challenge of e-commerce, retailers across channels are testing new formats and fine-tuning existing store models. The innovation is being driven by a number of different factors, including the hope of luring emerging customer segments, the desire to penetrate new geographic
WOONSOCKET, R.I. — Pharmacy gains propelled CVS Health’s second quarter results ahead of Wall Street’s expectations. Retail sales for the three months ended June 30 climbed 5.7% to $20.7 billion, despite less front-end traffic. Overall same-store sales rose 5.9%. Pharmacy sales jumped 8.3% from a year ago, while same-store front-end sales dipped 1%. CVS’ revenue advanced
WOONSOCKET, R.I. — CVS Pharmacy has expanded its prescription delivery service nationwide and made same-day delivery available in five new major markets. The move makes CVS the first national retailer to make both pharmacy and front-end delivery available chainwide. “The national launch of our prescription delivery service, including the expansion of same-day delivery in five
MIAMI — SilkPro USA, makers of the unique breast health assistance tool Pink Luminous Breast, announced that the device is slated to launch at 100 CVS stores by August 2018. SilkPro USA is also working with CVS Corporate on a nationwide expansion of the device, which will be in place by the end of 2018, and
BELL PLAINE, Minn. — Jet-Alert regular strength 120 count caffeine tablets and Jet-Asleep 100 count nighttime sleep aids are now available at select CVS stores nationwide. Following the launch of these two Jet Brand products on CVS store shelves, store locators have been added to both the Jet-Alert and Jet-Asleep website to assist consumers in finding
NEW YORK — As the epidemic of opioid abuse continues to escalate in America, corporations and other organizations are ramping up their efforts to fight the problem. Rite Aid Corp., for instance, recently announced that DisposeRx, a first-of-its-kind opioid disposal solution, is now available at all of its more than 2,500 pharmacies in locations across
WOONSOCKET, R.I — Marshall, Mo.-based Red Cross Pharmacy Inc. plans to sell its retail pharmacies to CVS Pharmacy, both companies announced last month. Red Cross Pharmacy is a top-50 drug store chain and one of the oldest pharmacy businesses in the country. The acquisition of the 14 Red Cross pharmacies will be effective June 6.