TRP_1170x120_3-8-19

Larry Merlo

CVS Health promotes Jon Roberts to COO

CVS Health promotes Jon Roberts to COO

WOONSOCKET, R.I. — Veteran CVS Health executive Jon Roberts has been named the company’s executive vice president and chief operating officer, a new position. CVS said Thursday that Roberts, who was president of the CVS Caremark pharmacy benefits management unit, will continue to report to CVS Health president and chief executive officer Larry Merlo. As

Execs in spotlight at Retailer of the Year event

Execs in spotlight at Retailer of the Year event

Chain Drug Review held a reception in Manhattan earlier this month to honor recipients of the publication’s Retailer of the Year awards. CVS Health president and chief executive officer Larry Merlo named Health Care Executive of the Year, and Walgreens president of pharmacy and retail operations Richard Ashworth was named as Operations Executive of the Year.

CVS Health makes Fortune ‘Most Admired Companies’ list

CVS Health makes Fortune ‘Most Admired Companies’ list

WOONSOCKET, R.I. — CVS Health has been named as one of the “World’s Most Admired Companies” by Fortune magazine. CVS came in at No. 45 on the corporate rankings list, which put it among the top 50 “all-stars” on this year’s Fortune Most Admired Companies list. In addition, CVS finished No. 1 in its industry

CVS Health closes fiscal year on high note

CVS Health closes fiscal year on high note

WOONSOCKET, R.I. — CVS Health topped Wall Street’s earnings-per-share forecast and, driven largely by its PBM unit, saw double-digit sales gains for the 2016 fourth quarter and full year. CVS said Thursday that for the fourth quarter ended Dec. 31, revenue totaled $45.97 billion, up 11.7% from $41.15 billion a year earlier. For the 2016

The leaders are there; who will stand out in chain drug?

The leaders are there; who will stand out in chain drug?

Going into the new year, several key personnel questions await answers, foremost among them the age-old problem of determining who, in 2017, will emerge as the most influential senior staffers at America’s drug chains. The determination is made more difficult by the fact that, as of this writing, Walgreens’ acquisition of Rite Aid remains unresolved.

Larry Merlo named Health Care Exec of the Year

Larry Merlo named Health Care Exec of the Year

WOONSOCKET, R.I. — As Larry Merlo sees things, health care delivery in the United States is a tale of two incompatible models, a costly, inefficient one rooted in the past, and another focused on a future of increased patient access, improved outcomes and lower costs. “At the moment, it’s as if we have two health

Merlo: Integrated care sets CVS Health apart

Merlo: Integrated care sets CVS Health apart

NEW YORK — CVS Health’s integrated pharmacy care model makes it a “partner of choice” in the health care arena, president and chief executive officer Larry Merlo said at the company’s annual Analyst Day event in Manhattan. Merlo and senior CVS Health executives gathered in New York on Thursday to give the investment community an

CVS aims to become more lean and efficient

CVS aims to become more lean and efficient

WOONSOCKET, R.I. — CVS Health said it will eliminate about 600 corporate jobs over the next couple of months. The job cuts will be made primarily at CVS corporate offices in Rhode Island, Illinois and Arizona, the company said. In a statement, CVS Health indicated that the job reductions reflect fluctuations in the health care

CVS Health sales, earnings up for third quarter

CVS Health sales, earnings up for third quarter

WOONSOCKET, R.I. — CVS Health posted sales gains in both of its business units and adjusted earnings per share above Wall Street’s forecast for the 2016 third quarter. However, CVS said Tuesday that it lowered its outlook for full-year 2016 and, in preliminary guidance for fiscal 2017, expects to lose over 40 million retail prescriptions

Pharmacy boosts CVS Health in second quarter

Pharmacy boosts CVS Health in second quarter

WOONSOCKET, R.I. — Rising PBM and specialty pharmacy sales and recently acquired pharmacy businesses lifted revenue at CVS Health Corp. for the second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. CVS Health said Tuesday that for the second quarter ended June 30, sales climbed 17.6% to $43.73 billion from $37.17 billion

CVS’ Merlo to keynote at health insurance industry expo

CVS’ Merlo to keynote at health insurance industry expo

WOONSOCKET, R.I. — CVS Health president and chief executive officer Larry Merlo is slated to deliver a keynote address today on public health challenges at the America’s Health Insurance Plans (AHIP) Institute and Expo in Las Vegas. Merlo, whose presentation is titled “Corporate America’s Role in Reducing Chronic Illness and Delivering Better Health,” is scheduled

CVS Health sees sales surge in 1Q

CVS Health sees sales surge in 1Q

WOONSOCKET, R.I. — CVS Health reported strong sales gains and topped Wall Street’s consensus earnings forecast for the 2016 first quarter. CVS said Tuesday that for the three months ended March 31, overall revenue climbed 18.9% to $43.2 billion from $36.3 billion a year earlier. Sales in the Retail/LTC Segment, which includes CVS Pharmacy drug stores

CVS recognized as retail health innovator

CVS recognized as retail health innovator

Fast Company, one of the more appealing and relevant business publications to have come along in recent years, recently compiled a list of the world’s 50 most innovative companies. Several familiar names were included, perhaps most notably to retail students, CVS Health. Not surprisingly, Fast Company presented a strong case for CVS’ inclusion, but it