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Larry Merlo

Karen Lynch to lead CVS Health in 2021

Karen Lynch to lead CVS Health in 2021

WOONSOCKET, R.I. — CVS Health’s board of directors announced on Friday that Larry Merlo, who has served as CEO of CVS Health for a decade, is stepping down from his role next year and Karen Lynch, currently executive vice president, CVS Health and president, Aetna, will become the company’s next president and chief executive officer, effective February 1,

Emerson Group holds virtual Industry Day

Emerson Group holds virtual Industry Day

NEW YORK — The COVID-19 pandemic has left few major business sectors untouched, and retail — as well as the supplier community that serves it — is adapting to a landscape transformed by profound changes in consumer behavior and priorities. To help the industry navigate these uncharted waters, Chain Drug Review and Mass Market Retailers

CVS says Aetna integration is on track

CVS says Aetna integration is on track

WOONSOCKET, R.I. — CVS Health announced on Thursday that it has successfully completed the first year of combined operations following the acquisition of Aetna in late 2018. The combined company has met or exceeded its first-year integration goals while introducing new, consumer-focused offerings as a result of its unmatched capabilities. CVS Health remains on track

CVS Health’s Q2 earnings beat expectations

CVS Health’s Q2 earnings beat expectations

WOONSOCKET, R.I.— CVS Health stock rose nearly 6% in pre-market trading on Wednesday after the company reported strong second quarter operating results for the three months ended June 30, 2019. Second quarter earnings beat Wall Street’s expectations, and the company significantly raised its own projection for full-year earnings. “We posted strong second quarter results, with

Retailer of the Year award winners honored

Retailer of the Year award winners honored

NEW YORK — Mass Market Retailers presented its 2018 Retailer of the Year awards Wednesday night in New York City. The event drew retailer and supplier executives from across the food, drug and mass channels. Target Corp. was honored as MMR‘s 2018 Retailer of the Year. The award was given in recognition of the work

CVS’ Merlo outlines Aetna integration efforts

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

CVS Health completes Aetna 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

CVS Health completes acquisition of Aetna

CVS Health completes acquisition of Aetna

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.

CVS sales, earnings top Wall Street estimates

CVS sales, earnings top Wall Street estimates

WOONSOCKET, R.I. — Pharmacy gains propelled CVS Health’s second quarter results ahead of Wall Street’s expectations. Retail sales for the three months ended June 30 climbed 5.7% to $20.7 billion, despite less front-end traffic. Overall same-store sales rose 5.9%. Pharmacy sales jumped 8.3% from a year ago, while same-store front-end sales dipped 1%. CVS’ revenue