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CVS Health Corp.

  • CVS Health looks outside lab for innovation

    On the heels of opening its Digital Innovation Labin Boston in June, CVS Health is furthering its innovation efforts with two new outside partnerships.

  • The Taylor McMinn team of Marcus & Millichap sells $4.2 million

    Dallas, Ga. -- Marcus & Millichap announced the sale of a 17,930-sq. ft. CVS Strip Center in Dallas, Georgia, for $4.2 million. The property is 70% anchored by CVS Health with a 15-year corporate-guaranteed double-net lease.

  • Target’s Cornell tasty addition to YUM board

    A little over a year into his tenure as Target’s chairman and CEO, Brian Cornell has added new responsibilities as a member of the board of directors at KFC, Pizza Hut and Taco Bell parent company Yum! Brands.
     
    Cornell’s appointment to the Yum board comes 13 months after he was named to the top job at Target and just three months after Target sold its pharmacy business to CVS Health for $1.9 billion. The latter is noteworthy because two executives with strong ties to CVS Health serve on Yum’s Nominating and Governance Committee.
     

  • CVS: Consumers don’t smoke ’em if they don’t got ’em

    Woonsocket, R.I. – When consumers have less access to cigarettes, they smoke fewer of them.

    This is the basic conclusion of a new report from CVS Health showing that overall cigarette sales fell in 13 states where CVS has more than a 15% market share.

  • CVS Health marks anniversary of no tobacco

    A year after deciding to end tobacco sales, CVS Health on Thursday released new data from a CVS Health Research Institute study that shows a reduction in cigarette purchases over the past year.

  • Study: Target exiting pharmacy on a high note with consumers

    Westlake Village, Calif. – Target Corp. may be exiting the pharmacy business, but the retailer is doing so on a high note.

    According to the new 2015 U.S. Pharmacy Study from J.D. Power, Target, which in June announced it would sell its pharmacy business to CVS Health for $1.9 billion and rebrand its nearly 1,700 prescription departments as CVS/pharmacy, ranked highest among mass merchandiser pharmacies.

  • CVS enters new dispensing channel with $12.9 billion purchase

    Woonsocket, R.I. – CVS Health Corp. is entering a new pharmacy dispensing channel with the completion of an approximately $12.9 billion acquisition of Omnicare, a provider of pharmacy services to long-term care facilities. CVS initially announced the deal in May 2015.

    CVS expects the deal to significantly expand its ability to dispense prescriptions in assisted living and long term care facilities, as well as expand its presence in the specialty pharmacy business.

  • CVS Health surpasses expectations once again

    With second-quarter net revenues up 7.4% to $37.2 billion, CVS Health shows no signs of slowing down.
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