WOONSOCKET, R.I. _ CVS Health has named Violetta Ostafin executive vice president and chief strategy officer, effective July 11. She will succeed Josh Flum, who is leaving the company at the end of June. Ostafin will lead strategy development across core businesses and identify new market opportunities and product innovations that accelerate growth and further
In the second installment of a two-part interview, Musab Balbale talks about the strength of the team at CVS Health that is deploying digital tools to enhance the customer journey. He also discusses the company’s ExtraCare loyalty program and the drive to personalize product and service offerings; how CVS’ current store rationalization initiative will impact
Musab Balbale, senior vice president and chief merchant at CVS Health, tells this week’s Video Forum about efforts to build on the momentum the retailer developed during the COVID pandemic and further strengthen customer relationships. He also discusses how the company’s identity as a health care provider impacts the front-end business, the advantages of maintaining
WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to
WOONSOCKET, R.I. — CVS Health reported strong first quarter results, topping analysts’ forecasts for revenue and earnings. Total revenue for the period ended March 31 climbed 11.2% from the year-ago quarter to $76.8 billion, driven by growth across all segments. Wall Street had estimated revenue of $75.3 billion. Adjusted earnings per share rose 8.8% to
WOONSOCKET, R.I. — CVS Health has named Dr. Sree Chaguturu executive vice president and chief medical officer effective immediately, the company said Tuesday. Chaguturu will be responsible for advancing the highest possible clinical quality standards, increasing access to care, improving patient outcomes, and reducing overall health care costs across the enterprise. He will have direct
WOONSOCKET, R.I. — CVS Health is collaborating with the World Wildlife Fund and the organization’s activation hub, ReSource: Plastic, to focus on reducing plastic waste and increasing the sustainability of materials within its packaging portfolio. CVS Health joins a consortium of leading companies and organizations addressing the planet’s plastic waste crisis as the Principal Retail
WOONSOCKET, R.I. — CVS Health announced on Friday the release of its annual Environmental, Social and Governance (ESG) report Healthy 2030 detailing how the company is helping create a healthier and more sustainable world. Karen Lynch “In 2021 we made significant progress towards our Healthy 2030 goals, with a particular focus on addressing health equity and protecting the environment,”
WOONSOCKET, R.I. – CVS Health has entered into an agreement with the state of Florida to resolve claims dating back more than a decade related to prescriptions for opioid medications that were filled at Florida CVS Pharmacy locations, the company said Wednesday. Under the agreement the company will settle all opioid claims against it by Florida for $484 million,
WOONSOCKET, R.I. — CVS Health and Fresno Housing have collaborated to build new affordable housing in Fresno, Calif. Through Red Stone Equity Partners, CVS Health will invest an estimated $18.4 million into the Arthur @ Blackstone, a new Fresno Housing development planning to break ground this spring. Twenty of the units at the Arthur @ Blackstone will be reserved
WOONSOCKET, R.I. — Jon Roberts will retire as chief operating officer of CVS Health in June, the company announced. CVS said that it does not plan to hire a new COO at the moment. A 42-year company veteran, Roberts has been COO since March 2017. Before that, he served as president of CVS Caremark, the
The metaverse is emerging as a new frontier in the battle for supremacy among retail pharmacy operators. CVS Health staked its claim in the still inchoate realm, asking the U.S. Patent and Trademark Office to protect its brand, logo and stores “online and in online virtual worlds.” The company envisions the day when it could