Editor’s note: This is the first in a series of articles on how retailers are responding to the COVID-19 crisis. This past month — for all Americans — has been unlike any other experienced in our lifetimes. The heroic efforts of health care professionals and others on the front lines of the pandemic have been
WOONSOCKET, R.I. — In recognition of the essential role CVS Health employees are playing as the country faces the COVID-19 pandemic, the company is awarding bonuses to employees who are required to be at CVS facilities to assist patients and customers in this time of unprecedented need. Bonuses will range from $150 to $500 and will be awarded
WOONSOCKET, R.I. — CVS Health reported Wednesday fourth-quarter earnings and revenue that beat Wall Street’s expectations, aided by higher sales in its pharmacy benefit management business. The company also announced some leadership changes, including the departure of CVS Caremark president Derica Rice and his replacement by Dr. Alan Lotvin, who had led CVS’ transformation efforts.
WOONSOCKET, R.I. — CVS Health announced Tuesday that Larry Merlo, president and chief executive officer, Eva Boratto, executive vice president and chief financial officer, and Karen Lynch, executive vice president and president of Aetna will be speaking to investors at the J.P. Morgan Healthcare Conference on January 14, 2020, at approximately 10:00 a.m. PT.
WOONSOCKET, R.I. — CVS Health president and chief executive officer, Larry Merlo and PGA TOUR Champions and CVS Health Charity Classic co-hosts Brad Faxon and Billy Andrade came together Thursday to announce that the 2019 CVS Health Charity Classic generated $1 million for Southern New England charities. This brings the total amount donated over the
WOONSOCKET, R.I. — CVS Health announced Thursday it has successfully completed the first year of combined operations following the acquisition of Aetna in late 2018. The combined company has met or exceeded its first-year integration goals while introducing new, consumer-focused offerings as a result of its unmatched capabilities. CVS Health remains on track to meet
WOONSOCKET, R.I. — CVS Health turned in another impressive showing in the third quarter of 2019, as both adjusted earnings and revenues exceeded analysts’ estimates. Based on the solid performance, the company raised its full-year guidance on adjusted earnings. “Our third-quarter results build on the positive momentum we have seen across the company since the
WOONSOCKET, R.I. — Five years after it made the bold move to pull tobacco products from CVS Pharmacy locations, CVS Health said Monday it is expanding its focus on helping people quit smoking. Be The First, the five-year, $50 million dollar initiative by the company and the CVS Health Foundation to help create the first
WOONSOCKET, R.I.— CVS Health stock rose nearly 6% in pre-market trading on Wednesday after the company reported strong second quarter operating results for the three months ending June 30, 2019. Second quarter earnings beat Wall Street’s expectations and the company significantly raised its own projection for full-year earnings. “We posted strong second quarter results, with
Even as a misguided federal judge continues to review its merger with Aetna — a deal that was finalized last November — CVS Health is moving forward expeditiously to overhaul the health care delivery model. President and chief executive officer Larry Merlo and seven of his colleagues from the combined company’s management team recently laid
WOONSOCKET, R.I. — The executive team of CVS Health on Tuesday outlined a series of transformation initiatives at its 2019 Investor Day event, showing how the company plans to accelerate enterprise growth, simplify a consumer health system that is confusing and inconvenient, and position the company for long-term growth and increased shareholder value. The company also
WOONSOCKET, R.I. — CVS Health posted stronger-than-expected fourth quarter earnings Wednesday but issued 2019 profit guidance that fell short of Wall Street forecasts linked to “significant additional deterioration” in its long-term care business. CVS Health’s adjusted earnings for the three months ended in December came in at $2.14 per share, up 11.5% from the same
SAN FRANCISCO — During a presentation at the 37th Annual J.P. Morgan Healthcare Conference here, CVS Health chief executive officer Larry Merlo talked about the efforts that have already taken place to integrate Aetna into its business. “While it’s only been six weeks, we are absolutely off and running,” Merlo said. He also announced that
WOONSOCKET, R.I. — Following its completed acquisition of Aetna, CVS Health has announced a $100 million commitment to making community health and wellness central to the newly combined company’s charge for a better world. The new Building Healthier Communities initiative, which will be funded over five years through the combined company as well as the CVS Health Foundation and Aetna Foundation,