A major health insurer says it will jettison the complicated system that Americans use to pay for drugs, and create something that aims to be better, with partners including Amazon.com and the entrepreneur Mark Cuban.
Tag: CVS
CVS Agrees to Buy Clinic Owner Oak Street Health for $10.6B
CVS Health Corp. agreed to buy Oak Street Health Inc. for $10.6 billion in cash and debt.
Drugstore Chains Agree to Pay More than $10B to Settle Opioid Lawsuits
CVS and Walgreen have agreed to pay more than $10 billion in a landmark settlement to resolve opioid-crisis lawsuits.
Walmart, Walgreens, CVS to Pay $650.6M in U.S. Opioid Case
On Wednesday, a federal judge ordered Walmart, Walgreens, and CVS to pay $650.6 million to two Ohio counties affected by the US opioid crisis. According to plaintiffs’ lawyers at the Lanier Law Firm, the penalties will account for the companies’ “roles in failing to control the spread of deadly and addictive prescription opioids.” “The grant… Continue reading Walmart, Walgreens, CVS to Pay $650.6M in U.S. Opioid Case
Former Aetna CEO Mark Bertolini Says He Is Being Pushed Off CVS Board
Former Aetna Inc. Chief Executive Mark Bertolini said he is being pushed off the board of CVS Health Corp. Mr. Bertolini, who joined the CVS board after the November 2018 closing of CVS’s nearly $70 billion deal to buy Aetna, told The Wall Street Journal he was willing to stay on the board, and he… Continue reading Former Aetna CEO Mark Bertolini Says He Is Being Pushed Off CVS Board
CVS to Expand Health Services to 1,500 Stores by End of 2021
CVS Health Corp said it will offer expanded health services such as nutrition counseling and blood pressure screenings in 1,500 stores by the end of 2021, following through on plans announced during the pharmacy chain’s 2018 acquisition of health insurer Aetna. It plans to convert a total of 50 stores this year in Houston, Atlanta,… Continue reading CVS to Expand Health Services to 1,500 Stores by End of 2021