WOONSOCKET, R.I. — CVS Health is planning to cut 5,000 jobs, according to a report Monday in The Wall Street Journal, which cited an internal company memo. Word of the cost-cutting move, which will reportedly spare workers in customer-facing positions in “stores, pharmacies, clinics, or customer services centers,” came ahead of the scheduled release of
Is Karen Lynch one of the world’s 100 most influential people? For the uninitiated, Lynch is the president and chief executive officer of CVS, one of the nation’s two largest drug chains and, additionally, a serious player in the health care community. Since taking on the role of CEO in 2021, she has remade CVS,
WOONSOCKET, R.I. — CVS Health continues to broaden and deepen its ability to support the health and well-being of Americans, delivering on the ambitious plan crafted by president and chief executive officer Karen Lynch. “Nearly 18 months ago, we outlined a bold shift in our strategy and shared our vision to become the leading health
WOONSOCKET, R.I. — CVS Health posted first quarter sales and earnings that topped Wall Street’s forecasts. Revenue for the period ended March 31 rose 11% to $85.3 billion, exceeding analysts’ projected $80.79 billion. Adjusted earnings of $2.20 per share beat the average estimate of $2.09. The strong showing notwithstanding, the company lowered its outlook for
WOONSOCKET, R.I. — CVS Health announced that Brian Kane will join the company as executive vice president and president of Aetna, effective September 1, 2023. He will become a member of the company’s executive leadership team and report to CVS Health president and CEO Karen Lynch. “Brian has a track record of bringing customer-driven innovations
WOONSOCKET, R.I. — CVS Health has agreed to acquire Oak Street Health in a $10.6 billion deal that will expand CVS’s recently formed Health Care Delivery organization. “Combining Oak Street Health’s platform with CVS Health’s unmatched reach will create the premier value-based primary care solution,” CVS Health president and CEO Karen Lynch said in a
WOONSOCKET, R.I. — CVS Health has appointed Dr. Amar Desai as president, Health Care Delivery. He will lead the newly formed Health Care Delivery organization, overseeing implementation of key areas of the company’s health services and care delivery strategy. “This new organization will leverage the strength of the CVS Health portfolio to develop and
WOONSOCKET, R.I. — CVS Health has agreed to acquire the home healthcare provider Signify Health in a deal worth about $8 billion, the company announced on Monday. Signify Health is a leader in Health Risk Assessments, value-based care and provider enablement. With a network of more than 10,000 clinicians across all 50 states and a
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
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’s leadership team outlined a new strategy Thursday focused on making health care more convenient, personalized and affordable for consumers. “Now is the time to undertake our next major evolution and capitalize on our role as the leading health solutions company in America,” CVS Health president and CEO Karen Lynch said
WOONSOCKET, R.I. — CVS Health has appointed Shawn Guertin as executive vice president and chief financial officer, effective May 28. Guertin succeeds Eva Boratto, who is leaving the company after a successful 11-year career, the company said on Tuesday. “Shawn is an extraordinary leader with a proven track record of developing financial strategies to