WOONSOCKET, R.I. — CVS Health on Wednesday announced operating results for the first quarter ended March 31. The drug store chain reported a 42% increase in profit for the three months and raised its adjusted earnings forecast for the year, as it benefits from its $69 billion purchase of health insurer Aetna. “We generated strong
DEERFIELD, Ill. — Heather Dixon has been named senior vice president, global controller and chief accounting officer by Walgreens Boots Alliance. Dixon will join WBA from Aetna Inc., where she had been vice president, controller and chief accounting officer since 2017 and, prior to that, assistant controller. Before that, she served as vice president and
BOSTON — Aetna, a CVS Health business, has launched Attain, a unique health experience designed by Aetna in collaboration with Apple. Through the use of an Apple Watch, the Attain app will provide Aetna members personalized goals, track their daily activity levels, recommend healthy actions, and ultimately reward them for taking these actions to improve their
SAN FRANCISCO — While speaking at the 37th Annual J.P. Morgan Healthcare Conference at the Westin St. Francis Hotel here, CVS Health chief executive officer Larry Merlo discussed efforts under way to integrate Aetna into its business. Those efforts include CVS opening the first of a series of concept stores next month in the Houston
SAN FRANCISCO — During a presentation of the 37th Annual J.P. Morgan Healthcare Conference here, CVS chief executive officer Larry Merlo talked about the integration efforts that have already taken place to integrate Aetna into its business. Larry Merlo “While it’s only been six weeks, we are absolutely off and running,” Merlo said. He also announced that
WASHINGTON— A federal judge on Tuesday “softened” his previous suggestion that he would likely order CVS Health to halt its integration of Aetna, according to various published reports. U.S. District Judge Richard Leon in recent weeks had voiced some concerns about the companies’ settlement with Justice Department antitrust enforcers that allowed the nearly $70 billion deal
WOONSOCKET, R.I. — Last month, CVS Health completed its acquisition of Aetna, positioning the retail chain as the nation’s premier health innovation company. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” declared CVS Health president and chief executive officer Larry Merlo when
Woonsocket, R.I. – CVS Health on Wednesday announced that it completed its acquisition of Aetna establishing CVS Health as the nation’s premier health innovation company. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” said CVS Health president and chief executive officer Larry Merlo.
WOONSOCKET, R.I. — According to published reports, CVS Health says it now expects to close its $69 billion acquisition of Aetna after the Thanksgiving holiday, after saying earlier this month that it anticipated the deal would close before the holiday. CVS says it has received approval from 26 of the 28 state departments of insurance and
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
WASHINGTON — The Department of Justice (DOJ) this month gave preliminary approval for CVS Health’s acquisition of Aetna Corp., which both companies say will remake health care. The remaining hurdle 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.
WOONSOCKET, R.I. — Ahead of its planned acquisition of Aetna, CVS Health announced the management team selected to lead the combined company. Once the deal closes, Aetna will operate as a stand-alone business unit within CVS Health and be led by members of its current management team. The transaction, which is subject to regulatory approval,