Content about Caremark Rx

September 3, 2014

CVS Caremark on Wednesday announced that it is changing its corporate name to CVS Health to reflect its broad healthcare commitment.

Woonsocket, R.I. -- CVS Caremark on Wednesday announced that it is changing its corporate name to CVS Health to reflect its broad healthcare commitment. The company also announced the end of tobacco sales in CVS/pharmacy stores as of Sept. 3, nearly a month ahead of its previously targeted date of Oct. 1.

September 2, 2014

Walmart, Target, CVS Caremark and the Army & Air Force Exchange Service are among the 50 best companies for Latinas to work for, according the magazine Latina Style.

New York -- Walmart, Target, CVS Caremark and the Army & Air Force Exchange Service are among the 50 best companies for Latinas to work for, according the magazine Latina Style.

Walmart ranked No. 10 on the list, Target No. 36, CVS Caremark No. 41 and the Exchange No. 46. The 2014 Latina Style 50 will be published in the magazine’s special August issue, and the companies will be recognized at the magazine’s awards ceremony and diversity conference early in 2015.

August 5, 2014

CVS Caremark Inc. beat Wall Street estimates with net income of $1.2 billion in the second quarter of fiscal 2014, up 11% from $1.1 billion in year-ago period.

Woonsocket, R.I. – CVS Caremark Inc. beat Wall Street estimates with net income of $1.2 billion in the second quarter of fiscal 2014, up 11% from $1.1 billion in year-ago period. CVS cited increased generic drug dispensing rates and favorable Medicaid reimbursement from the state of California as aiding net income results.

July 14, 2014

CVS Caremark said Monday that it has agreed to buy the assets of Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drugstore chain in the U.S.

Woonsocket, R.I. — CVS Caremark said Monday that it has agreed to buy the assets of Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drug store chain in the U.S. The transaction includes Navarro's 33 retail drugstore locations and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases.

June 25, 2014

CVS Caremark and Walgreens have both been honored by the National Business Group on Health, a non-profit association of large U.S. employers, for promoting a healthy work environment and encouraging employees and their families to maintain healthy lifestyles.

Washington, D.C. - CVS Caremark and Walgreens have both been honored by the National Business Group on Health, a non-profit association of large U.S. employers, for promoting a healthy work environment and encouraging employees and their families to maintain healthy lifestyles. CVS Caremark received a Gold Award for its WellRewards employee wellness program, while Walgreens received a gold award for its “You and Walgreens” company wellness program.

May 23, 2014

CVS Caremark is reportedly considering a purchase of Brazilian drugstore chain Drogarias Pacheco São Paulo (DPSP) as it looks to further expand its presence in Brazil, according to news reports.

Woonsocket, R.I. – CVS Caremark is reportedly considering a purchase of Brazilian drugstore chain Drogarias Pacheco São Paulo (DPSP) as it looks to further expand its presence in Brazil, according to news reports.

Following the alleged rejection of its first offer of 4.5 billion Brazilian reais ($2 billion), CVS is reportedly looking to possibly make another offer, the Wall Street Journal reported, citing the local newspaper Valor Economico. DPSP has reportedly set a minimum price for the company at BRL5.9 billion.

May 19, 2014

CVS Caremark has introduced a new corporate social responsibility (CSR) strategy called “Prescription for a Better World” as part of its 2013 CSR report.

Woonsocket, R.I. – CVS Caremark has introduced a new corporate social responsibility (CSR) strategy called “Prescription for a Better World” as part of its 2013 CSR report. Prescription for a Better World includes goals such as access to affordable health care; the environmental impacts of its operations, including those contributing to climate change; product stewardship; patient safety; employee engagement and workplace inclusion; and the safe disposal of prescription drugs.

May 2, 2014

Net income at CVS Caremark Corp. increased 18.3% to $1.1 billion in the first quarter of fiscal 2014, compared with approximately $1 billion a year earlier.

Woonsocket, R.I. – Net income at CVS Caremark Corp. increased 18.3% to $1.1 billion in the first quarter of fiscal 2014, compared with approximately $1 billion a year earlier. Pharmacy services and retail pharmacy segments both benefited from the impact of increased generic drugs dispensed and slower growth in expenses.

April 8, 2014

CVS Caremark Corp. agreed to pay $20 million to settle U.S. Securities and Exchange Commission charges that it misled investors in 2009 during a debt offering and by accounting improperly for an acquisition.

Woonsocket, R.I. -- CVS Caremark Corp. agreed to pay $20 million to settle U.S. Securities and Exchange Commission charges that it misled investors in 2009 during a debt offering and by accounting improperly for an acquisition.

The SEC said CVS failed to disclose while marketing $1.5 billion of bonds in September 2009 having recently lost significant Medicare and contract revenue streams in its pharmacy benefits manager business.

March 12, 2014

The digital marketing initiative known as “My Weekly Ad” is helping CVS Caremark grow sales and deepen engagement with loyal customers by providing them with personalized versions of the retailer’s weekly ad.

Orlando, Fla. -- The digital marketing initiative known as “My Weekly Ad” is helping CVS Caremark grow sales and deepen engagement with loyal customers by providing them with personalized versions of the retailer’s weekly ad.

The My Weekly Ad program was launched last fall, and Wednesday morning during a presentation at the IRI Summit CVS Caremark senior VP of merchandising and retail pricing Judy Sansone shared additional details regarding the program.

March 5, 2014

MinuteClinic, the retail health care division of CVS Caremark and Main Line Health have signed a clinical collaboration to enhance access to healthcare services at MinuteClinic walk-in medical clinics inside select CVS/pharmacy stores in Southeastern Pennsylvania.

Woonsocket, R.I. - MinuteClinic, the retail health care division of CVS Caremark and Main Line Health have signed a clinical collaboration to enhance access to healthcare services at MinuteClinic walk-in medical clinics inside select CVS/pharmacy stores in Southeastern Pennsylvania.

February 11, 2014

CVS Caremark reported strong performance in both earnings and revenues for both the fourth quarter and fiscal year 2014.

Woonsocket, R.I. – CVS Caremark reported strong performance in both earnings and revenues for both the fourth quarter and fiscal year 2014. The chain also raised its guidance for the first quarter.

CVS said net income during the quarter ended Dec. 31,2014, rose 12.5% to $1.26 billion from $1.12 billion in the year-ago quarter. For the full year, income rose 19% to $4.59 billion, from $3.86 billion.

February 6, 2014

Responding to the announcement by CVS Caremark that its plans to stop selling tobacco products in its stores, Walgreens stated that the category has been under review at its stores, too.

Deerfield, Ill. -- Responding to the announcement by CVS Caremark that its plans to stop selling tobacco products in its stores, Walgreens stated that the category has been under review at its stores, too.

Walgreens has been evaluating its tobacco line for “some time,” and, according to spokesperson Michael Polzin, it “will continue to evaluate the choice of products our customers want, while also helping to educate them and providing smoking cessation products and alternatives that help reduce the demand for tobacco products.”

January 17, 2014

CVS Caremark has completed the acquisition of Coram LLC, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group Inc.

Woonsocket, R.I. – CVS Caremark has completed the acquisition of Coram LLC, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group Inc. Coram cares for approximately 165,000 patients annually and has 4,600 employees, including 600 nurses, 350 pharmacists and 250 dietitians, operating primarily through 85 branch locations and six centers of excellence for patient intake.

December 10, 2013

CVS Caremark and Cardinal Health have entered into an agreement to form the largest generic sourcing entity in the United States.

Woonsocket, R.I. -- CVS Caremark and Cardinal Health have entered into an agreement to form the largest generic sourcing entity in the United States.

Both companies are contributing their sourcing and supply chain expertise to this 50/50 joint venture and are committing to source generic drugs through it. The companies separately announced a three-year extension through June 2019 of Cardinal Health's existing pharmaceutical distribution agreements with CVS Caremark.

December 3, 2013

MinuteClinic, a division of CVS Caremark Corporation, has expanded to its 28th state with the opening of clinic locations inside select CVS/pharmacy stores in New Hampshire.

Woonsocket, R.I. -- MinuteClinic, a division of CVS Caremark Corporation, has expanded to its 28th state with the opening of clinic locations inside select CVS/pharmacy stores in New Hampshire. Clinics are now open in Concord and West Lebanon.  

November 27, 2013

CVS Caremark has entered into an agreement to acquire Coram LLC, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group Inc. for approximately $2.1 billion.

Woonsocket, R.I. - CVS Caremark has entered into an agreement to acquire Coram LLC, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group Inc. for approximately $2.1 billion. Coram provides infusion therapies and nutrition services to more than 20,000 patients each month, primarily through home infusion as well as a national network of more than 85 locations, including more than 65 ambulatory infusion suites.

November 25, 2013

CVS Caremark named Helena Foulkes as president of CVS/pharmacy, effective Jan. 1.

Woonsocket, R.I. -- CVS Caremark named Helena Foulkes as president of CVS/pharmacy, effective Jan. 1. She succeeds Mark Cosby, who is stepping down on Dec. 31.

Cosby has led the company’s retail business since October 2011, including its more than 7,600 retail stores, 19 distribution centers and retail merchandising, supply chain, marketing, real estate, front store and pharmacy operations.

November 18, 2013

CVS Caremark has appointed Tracy Bahl to the position of executive VP, health plans.

Woonsocket, R.I. -- CVS Caremark has appointed Tracy Bahl to the position of executive VP, health plans. In this role, Bahl will lead the teams responsible for supporting health plan clients while also offering health plans guidance.

November 5, 2013

CVS Caremark Corp. on Tuesday raised its profit forecast for the year on Tuesday, amid better-than-expected profit.

Woonsocket, R.I. – CVS Caremark Corp. on Tuesday raised its profit forecast for the year on Tuesday, amid better-than-expected profit. Net income for the quarter ended Sept. 30, 3013, grew 25% to $1.25 billion, compared to $1 billion in the same quarter the prior year.

Net revenues rose 5.8% to $32 billion compared with the year-ago period.

September 27, 2013

MinuteClinic, a division of CVS Caremark Corporation, will open today its first walk-in medical clinic in Hawaii at the Longs Drug store on South King Street in Honolulu near the University of Hawaii, Manoa.

Woonsocket, R.I. -- MinuteClinic, a division of CVS Caremark Corporation, will open today its first walk-in medical clinic in Hawaii at the Longs Drug store on South King Street in Honolulu near the University of Hawaii, Manoa. It is the first of seven MinuteClinic locations to open inside select Longs Drug stores on Oahu in the next two weeks.

Additional clinics will serve patients in Aiea, Hawaii Kai, Kailua, Kaneohe, Kapolei and Waialae.

August 28, 2013

CVS Caremark plans to shorten the length of in-store receipts members of its ExtraCare loyalty program receive by about 25%.

Woonsocket, R.I. -- CVS Caremark plans to shorten the length of in-store receipts members of its ExtraCare loyalty program receive by about 25%. In a recent Facebook posting, CVS announced that in response to customer complaints it had found a way to shorten the length of receipts without reducing the amount of ExtraCare rewards and savings offered on them.

In addition, next year CVS will allow ExtraCare members to receive all rewards and savings directly to their card. Currently only select offers can be stored paperlessly on ExtraCare cards.

August 26, 2013

CVS Caremark is evaluating data on prescriptions filled at CVS/pharmacy to identify providers with extreme patterns of prescribing high-risk drugs.

Woonsocket, R.I. – CVS Caremark is evaluating data on prescriptions filled at CVS/pharmacy to identify providers with extreme patterns of prescribing high-risk drugs. Providers who cannot offer a reasonable explanation for these patterns have their controlled substance dispensing operations suspended.

August 21, 2013

CVS Caremark has opened a 150,000-sq.-ft. fulfillment center in Mt. Prospect, Ill. It will support the CVS Caremark Pharmacy Benefit Management book of business.

Woonsocket, R.I. — CVS Caremark has opened a 150,000-sq.-ft. fulfillment center in Mt. Prospect, Ill. It will support the CVS Caremark Pharmacy Benefit Management book of business. The $67 million facility can fill 50 million prescriptions annually. Proprietary technology at the facility automates 90% of the dispensed prescriptions and 80% of the prescriptions packaged for mailing. On-site pharmacists visually check all of the prescriptions.

August 8, 2013

Accordant Health Services, a subsidiary of CVS Caremark, has launched an updated website and member portal, which provides new features and services for program members and is designed to help support and improve member engagement and participation for clients.

Woonsocket, R.I. - Accordant Health Services, a subsidiary of CVS Caremark, has launched an updated website and member portal, which provides new features and services for program members and is designed to help support and improve member engagement and participation for clients.

Accordant.com now provides eligible members with online access to educational materials, videos, communication tools and community resources that encompass 17 conditions such as rheumatoid arthritis, multiple sclerosis, Crohn's disease and sickle cell disease.