Four years after adding "Health" to its name, CVS is more than just a drugstore chain. Now, its vision is becoming clearer as CVS Health enters perhaps the most pivotal moment in its 55-year history.
"There's a way to get all of that digitally on your phone," along with the coupons and ExtraBucks rewards, CVS CEO Larry Merlo tells CNBC's Bertha Coombs.
This week the Trump administration proposed allowing Medicare Part D pharmacy drug plans to be more selective on branded drugs from what are known as the six special therapeutic classes, which include cancer treatments and H-I-V antiviral drugs.
CVS Health president Larry Merlo discusses CVS' acquisition of Aetna and what's next for the healthcare giant
CVS Health president Larry Merlo discusses CVS' acquisition of Aetna and what's next for the healthcare giant.
CVS and Aetna have closed their merger about a year after announcing the deal to combine a drugstore chain, a pharmacy benefit manager and a health insurer.
CVS expects its roughly $69 billion acquisition of health insurer Aetna to close before Thanksgiving. CVS plans to open its first concept stores early next year, CEO Larry Merlo told Wall Street analysts Tuesday.
It's not that being a retailer is a bad thing. But investors want drugstores to reinvent their businesses as Amazon's threat looms.
CVS is trying to become a disruptive force itself with its roughly $69 billion acquisition of health insurer Aetna.
CVS CEO Larry Merlo outlined his vision for the combined company earlier this month — a new data-driven health-care model that's more personal, convenient and tailored to individual patients than ever before.
CVS CEO Larry Merlo is, in a way, disrupting and rewriting the business model for his drugstore chain before someone else does.
The Department of Justice is close to approving CVS Health's acquisition of Aetna and Cigna's acquisition of Express Scripts, The Wall Street Journal reported Wednesday, citing people familiar with the matter.
CVS says it returns about 98 percent of rebates to its customers. It expects to keep about $300 million this year, representing about 3 percent of its annual adjusted earnings per share.
The drugstore chain plans to make video visits available nationwide this year through a partnership with Teladoc Health. CVS already offers virtual appointments and the District of Columbia.
CVS Health CEO Larry Merlo tells CNBC's Bertha Coombs he expects to close the $69 billion deal to buy Aetna later this year.
None of them went to Harvard.
CVS Health and Aetna shareholders have approved a merger between the two health-care giants, bringing them one step closer to finalizing a deal that could transform the industry.
If shareholders approve CVS' $69 billion acquisition of Aetna, the Justice Department will still need to sign off on it.
Those likely to be affected are Walgreens, Rite Aid, Kroger and Wal-Mart.