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Larry Merlo

CVS earnings beat Wall Street projections

CVS earnings beat Wall Street projections

WOONSOCKET, R.I. ­— Strong gains in the pharmacy retail business helped CVS Health beat analysts’ third quarter earnings and revenue expectations. The company also announced on Tuesday that it anticipates the $69 billion Aetna deal to close before Thanksgiving. Net revenues for the three months ended September 30 increased 2.4%, or $1.1 billion, to about

CVS Health updates board, management upon closing of Aetna deal

CVS Health updates board, management upon closing of Aetna deal

WOONSOCKET, R.I. – CVS Health announced that three additional Aetna directors with deep insurance company oversight experience — Edward Ludwig, Fernando Aguirre and Roger Farah — will join the CVS Health Board following the completion of its acquisition of Aetna.  The appointment of these three Aetna directors, together with the previously announced addition of Mark Bertolini,

DOJ greenlights CVS-Aetna merger

DOJ greenlights CVS-Aetna merger

WASHINGTON — The Department of Justice gave preliminary approval Wednesday for CVS Health’s acquisition of Aetna Corp., which the two companies say will remake health care. The path to the $69 billion merger was cleared last month when Aetna agreed to sell its Medicare Part D drug plan business to WellCare Health Plans. Antitrust regulators

CVS Health celebrates the pharmacist during American Pharmacists Month

CVS Health celebrates the pharmacist during American Pharmacists Month

WOONSOCKET, R.I. — CVS Health  is recognizing its 30,000 pharmacists as part of American Pharmacists Month, an annual observation held in October. The company’s pharmacy teams are trusted community-based health care resources who play a valuable role in helping people on their path to better health. Pharmacists across the company are dedicated to improving access to

CVS Health’s Merlo to discuss changes in health care at Town Hall LA

CVS Health’s Merlo to discuss changes in health care at Town Hall LA

WOONSOCKET, R.I. —  CVS Health president and chief executive officer Larry Merlo will share his insights on the accelerated pace of change in health care and vision for transforming America’s $3.6 trillion health care system during a gathering of Town Hall Los Angeles, the city’s oldest and largest public speaking forums for presenting solutions to the most relevant issues

CVS to speak at Morgan Stanley Global Healthcare Conference

CVS to speak at Morgan Stanley Global Healthcare Conference

WOONSOCKET, R.I. — CVS Health announced that Larry Merlo, president and chief executive officer, and Dave Denton, executive vice president and chief financial officer, will be presenting to investors at the Morgan Stanley Global Healthcare Conference on September 13, 2018, at approximately 8:35 a.m. EST. An audio webcast of the event will be broadcast simultaneously

Merlo sets record straight on rebates

Merlo sets record straight on rebates

WOONSOCKET, R.I. — The Trump administration’s blueprint to lower drug prices has put the spotlight on the rebates negotiated by pharmacy benefits managers with drug manufacturers. During a recent conference call, CVS Health president and chief executive officer Larry Merlo addressed the issue while making a spirited defense of the role of PBMs in containing

CVS Health’s Merlo to discuss health care at 2018 Aspen Ideas Festival

CVS Health’s Merlo to discuss health care at 2018 Aspen Ideas Festival

WOONSOCKET, R.I. — CVS Health president and chief executive officer Larry Merlo will join an exceptional mix of business experts and thought leaders who will share their insights on the accelerated pace of change in health care and how innovation, investments in technology, emerging business models and new competition are transforming the $3.6 trillion health care industry sector during Spotlight Health,

CVS Health named one of the 50 most community-minded companies

CVS Health named one of the 50 most community-minded companies

WOONSOCKET, R.I. — For the second year in a row, CVS Health has been named an honoree of The Civic 50 by Points of Light, the world’s largest organization dedicated to volunteer service, for being one of the most community-minded companies in the United States. “As America’s front door to health care, we recognize the importance of

With Aetna deal nearing, CVS names new team

With Aetna deal nearing, CVS names new team

WOONSOCKET, R.I.­ — CVS Health has announced the management team that, following the close of the Aetna acquisition, will lead the combined company into the future. Aetna will operate as a stand-alone business unit within the CVS Health enterprise following the close and will be led by members of its current management team. In addition,

Higher script volumes aid in Q1 gains for CVS

Higher script volumes aid in Q1 gains for CVS

WOONSOCKET, R.I. — CVS Health’s revenue was on the rise as it filled more prescriptions and benefited from a lower effective tax rate, the company said today in reporting its operating results for the three months ended March 31. The drug store chain said its first quarter revenue increased 2.6% to $45.7 billion from $44.5

CVS Health shareholders OK Aetna acquisition

CVS Health shareholders OK Aetna acquisition

WOONSOCKET, R.I. — Shareholders of CVS Health voted overwhelmingly to approve the company’s $69 billion deal to acquire health insurer Aetna Inc. CVS said that in a special stockholders meeting on Tuesday, more than 98% of shares were voted in favor of the CVS-Aetna merger agreement, which was announced in early December. Also at a