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That same year, Caremark moved its headquarters from Birmingham, Alabama, to Nashville, Tennessee. [18] Following its merger with AdvancePCS, the company continued to operate a 500 employee mail-order pharmacy operation in Birmingham until 2010. [19] In March 2007, Caremark merged with CVS Corporation to create CVS Caremark.
CVS Caremark’s business suffered a significant blow over the summer when a major California health insurer, Blue Shield of California, announced it will no longer use the company as its pharmacy ...
CVS Specialty is the specialty pharmacy division that provides specialty pharmacy services for individuals with chronic or genetic diseases who require complex and expensive drug therapies. CVS Health operate 24 retail specialty pharmacy stores and 11 specialty mail order pharmacies, making them the largest specialty pharmacy in the United States.
The FTC sued UnitedHealth Group's Optum unit, CVS Caremark and Cigna's Express Scripts for allegedly steering diabetes patients towards higher priced insulin.
In 2007, when CVS acquired Caremark, [1] the function of PBMs changed "from simply processing prescription transactions to managing the pharmacy benefit for health plans", [32] negotiating "drug discounts with pharmaceutical manufacturers", [32] and providing "drug utilization reviews and disease management". [32]
The newly unsealed complaint in Providence, Rhode Island federal court alleges that, from October 2013 to the present, CVS violated the federal Controlled Substances Act by filling prescriptions ...
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