CVS Health gets 1Q boost from PBM

May 1, 2015 by Chain Drug Review CVS Health, first quarter, fiscal 2015, Larry Merlo, net income, net sales, PBM, pharmacy services, prescription count, retail pharmacy, same-store sales Business, Featured Articles, Leading Headlines, Retail News

  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