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That means Caremark also sits at the intersection of CVS’ retail pharmacy operation and its Aetna insurer, boosting the competitive advantage of both of the businesses. In the event of a breakup ...
CVS's stock rose to $64 per share on the news of the breakup late Monday after trading down 12% in the past year. It was trading at $61 per share on Tuesday. The possible move by CVS is one ...
CVS recently announced the exit of Aetna head Brian Kane, after its Medicare business, which is for Americans aged 65 and older, underperformed due to rising medical services costs, and initiated ...
CVS Health Corporation is an American for-profit healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands.
In 2014, the corporate name for CVS Caremark became CVS Health, with CVS Caremark becoming a subsidiary. [16] In May 2018, a whistleblower lawsuit was filed against CVS Caremark alleging fraud by charging Medicaid and Medicare customers more for their prescriptions than was appropriate. [17] [18]
A few months later, CVS officially acquired health insurance company Aetna. "CVS Pharmacy is evolving from not just a store that happens to have a pharmacy and products into more of a health care ...