As the coronavirus began making headway into the U.S. in early March, CVS announced its acquisition of Schnucks pharmacy. At first blush, this acquisition seems to serve as just another footnote in the pursuit of incremental market share. CVS will acquire 99 in-store pharmacies from regional Midwest grocer Schnucks Markets, thereby increasing CVS’ footprint of
WOONSOCKET, R.I. — CVS Health announced the company and its foundations are giving more than $1 million in new investments to address food insecurity and other community needs in response to ongoing challenges presented by the COVID-19 pandemic. The CVS Health Foundation will also match up to $1 million in employee contributions to the CVS
WOONSOCKET, R.I. — CVS Health announced that the retailer has opened a COVID-19 testing site for a limited population in the parking lot of a CVS Pharmacy in Shrewsbury, Massachusetts. The company issued the following statement: “As announced on March 13, we have been working with the administration and other partners to help facilitate increased frequency
NEW YORK — Ralph Hoagland III, a serial entrepreneur who was one of the founders of CVS, died Friday. He was 86. Hoagland died from complications due to posterior cortical atrophy, a dementia-related disease, CVS confirmed in a statement. “All of us at CVS were saddened to learn of the passing of the company’s co-founder,
On the day before Thanksgiving an acquaintance of ours wandered into a CVS drug store in Mendham, N.J. There, at the store’s entrance, was a display, a Disney Lionel train set. Price: $79.95. Our acquaintance, a longtime Lionel train buff, immediately snapped it up, took it home, assembled the track and, by 8:00 that night,
NEW YORK — Pharmacy chains CVS, Walgreens and Rite Aid and other retailers are pulling heartburn medication Zantac and its store-brand versions from their shelves after the Food and Drug Administration (FDA) warned it had detected low levels of a cancer-causing chemical in samples of the drug. The actions follow the FDA’s release of a
NEW YORK — Although obstacles to a widespread rollout remain, CBD products are edging into the mainstream. Late last month both CVS Pharmacy and Walgreens announced that they would begin selling CBD products in some stores. CVS has begun carrying CBD products in selected stores in seven states: California, Colorado, Illinois, Indiana, Kentucky, Maryland and
WOONSOCKET, R.I. — CVS has begun carrying CBD products in selected stores in seven states: California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee. The chain is stocking hemp-derived topical products only, such as creams, sprays, roll-ons, lotions and salves. It will not sell any supplements or food additives containing CBD, a company spokesman said. “We
NEW YORK — CVS Health, the Centers for Disease Control and Prevention, and Bayer Consumer Health + BrightGuard were the big winners Tuesday evening at the Consumer Healthcare Products Association (CHPA) Educational Foundation at the Plaza Hotel in Manhattan. The CHPA’s annual gala celebrates the foundation’s mission of happier, healthier lives through responsible self-care and
WOONSOCKET, R.I. — Kevin Hourican has been promoted to president of CVS Pharmacy, the retail division of CVS Health. Hourican, who most recently served as the company’s executive vice president of retail pharmacy, had been serving as interim president of the drug chain following the departure of Helena Foulkes, who left to head Hudson’s Bay Co. In his
WASHINGTON — Walmart president and chief executive officer Doug McMillon will take the stage at the National Retail Federation’s ‘Big Show’ conference in New York next month. He will join NRF president and CEO Matthew Shay at 3 p.m on January 14 for a discussion of strategies retailers can employ to survive in today’s environment
WOONSOCKET, R.I. — Following mounting speculation over the past month, CVS Health has unveiled a cash-and stock-deal to acquire health insurer Aetna Inc. for $69 billion. CVS and Aetna said Sunday evening that under the merger pact, Aetna shareholders will receive about $207 per share, including $145 in cash and 0.8378 CVS shares for each