Health care is moving closer to patients. Drugstores are expanding the care and support they offer, and telemedicine is bringing doctors and therapists to the family room couch as the system shifts to help people stay healthy and attract customers who want convenience. CVS Health offered the latest example on [...]
CVS is piloting an Amazon Prime-like membership program that aims to generate loyalty among shoppers. The program, called CarePass, offers members a suite of in-store and online perks including free delivery on most medications and purchases, access to a 24/7 pharmacist hotline and 20% off all CVS Health brand products. Customers [...]
The era of giant pharmacy managers that brokered prices between drug companies and insurers and employers has been upended, now that the $69 billion merger between CVS Health and Aetna, a big health insurer, has been approved by the Justice Department. The merger can go ahead as long as Aetna [...]
It's hard to tell whether CVS's notoriously long receipts are the butt of the joke or if CVS is in on it. But after speaking with several CVS employees, it's clear that for every detractor of the comically long receipts there are out there, there are far more fans. "People [...]
Health insurer Cigna Corp's $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co has passed U.S. antitrust scrutiny, the companies said on Monday, allowing them to proceed with a combination they say will lead to lower costs by better coordinating pharmacy and medical benefits. Wall Street analysts had [...]
Amazon has shelved plans to become a wholesale distributor of prescription drugs due to the cost and complexity, CNBC reported. The news lit a fire under shares of beaten-down drug retailers and distributors. CVS Health (CVS) shot up 4.2% and Walgreens Boots Alliance (WBA) jumped 3.8% on the stock market [...]
CVS Health is buying Aetna, the companies announced Sunday. The pharmacy giant is acquiring the third largest US insurer in a $69 billion deal. Aetna stockholders will be paid $145 a share in cash and 0.8378 CVS shares per Aetna share. The deal creates a new type of company that includes a health insurer, [...]
Aetna Inc. gained in New York trading after the Wall Street Journal reported that CVS Health Corp. is in talks to buy the insurer, offering more than $200 a share. Aetna jumped 12 percent to $178.60, closing at a record high, while CVS fell 2.9 percent to $73.31. Spokesmen for Aetna and [...]
CVS Health is staging a makeover that seems intent on creating an entirely new retail category in the U.S.: a national health-and-wellness drugstore chain. The 9,600-store merchant is on a mission to transform its stores into destinations for healthcare, beauty and food with organic and natural bona fides, and is [...]
Target will sell its pharmacy and clinic businesses to CVS Health in the latest twist behind a push from big retailers to become all things to all customers. The nation’s second-largest drugstore chain will pay about $1.9 billion to run Target’s in-store health operations and expand what they offer for [...]