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CVS HEALTH CORPORATION - CVS STOCK NEWS

Welcome to our dedicated page for CVS HEALTH CORPORATION news (Ticker: CVS), a resource for investors and traders seeking the latest updates and insights on CVS HEALTH CORPORATION stock.

CVS Health Corporation (NYSE: CVS) is an American healthcare conglomerate that encompasses CVS Pharmacy, a widespread retail pharmacy chain, CVS Caremark, a premier pharmacy benefits manager (PBM), and Aetna, a leading health insurance provider. With over 9,000 retail locations across the U.S., CVS Health offers a diverse range of healthcare services aimed at enhancing accessibility and affordability.

Operations and Services

CVS Health's core activities revolve around its retail pharmacy operations, which include prescription services and an array of health and wellness products. It processes approximately 2 billion adjusted claims annually through CVS Caremark, ensuring efficient PBM services. Aetna, serving about 26 million medical members, complements CVS with comprehensive health insurance plans.

Recent Developments

In recent news, CVS Health has achieved significant milestones:

  • Financial Results: The company reported strong fourth-quarter and full-year financial results for 2023, reflecting its robust position in the healthcare market.
  • Affordable Housing Initiatives: CVS Health has invested nearly $35 million in equity investments to develop affordable housing in Hawaii, addressing urgent community needs post-natural disasters.
  • Medicaid Services: Aetna Better Health of Michigan, part of CVS Health, has been recommended to continue serving Medicaid and CHIP beneficiaries under Michigan’s new Comprehensive Health Care Program (CHCP).

Strategic Acquisitions

CVS Health's acquisition of Oak Street Health adds primary care services to its offering, fostering synergies across its business lines. This strategic move aligns with its mission to provide seamless healthcare solutions, emphasizing convenience and comprehensive care.

Community Impact

CVS Health is committed to enhancing community health through local presence and digital channels. Its investments in affordable housing and educational programs in Hawaii exemplify its dedication to addressing social determinants of health.

Upcoming Events

The company will hold a conference call on May 1st, 2024, to discuss the first-quarter financial results of 2024, offering insights into its ongoing strategies and performance.

With over 300,000 dedicated professionals, including 40,000+ healthcare providers, CVS Health continues to be a trusted partner in health, improving lives with every significant moment of care.

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Aetna CVS Health is expanding its hybrid-branded individual and family health insurance plans in Florida to enhance access to healthcare. This initiative aims to provide affordable coverage with Aetna's extensive network of providers, including telehealth options and walk-in clinics like MinuteClinic. The plans are designed to bridge gaps in healthcare coverage for uninsured and underinsured individuals. Key features include $0 virtual care, 24/7 access, and comprehensive services ranging from pediatric care to mental health support. The offering will be available in select Florida counties, pending state and federal approvals.

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Aetna CVS Health has launched individual and family plans in select counties of Georgia, aiming to provide quality health insurance coverage at affordable prices. These plans allow members access to Aetna's extensive network of doctors, specialists, and hospitals, as well as virtual care options and walk-in clinics like MinuteClinic. Offered under the ACA exchange, the plans cover essential health services including pediatric care, maternity services, and mental health support. This initiative addresses the needs of uninsured or underinsured individuals in the region.

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Aetna CVS Health is expanding its reach by entering the individual insurance exchange market in Illinois with its co-branded Aetna CVS Health plans, effective January 1, 2023. This initiative aims to enhance access to affordable healthcare for more residents, focusing on areas such as Cook, Lake, and McHenry counties. The plans emphasize quality care through Aetna's extensive network, offering $0 virtual and walk-in clinic visits, and addressing various healthcare services, including pediatric and mental health services.

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Aetna, a CVS Health company (NYSE: CVS), has launched hybrid-branded health insurance plans in select counties of Nevada to enhance access to affordable healthcare. These Aetna CVS Health plans aim to help millions of uninsured or underinsured Americans and provide quality care through a comprehensive network that includes telehealth, MinuteClinic, and HealthHUB locations. Key offerings include coverage for pediatric services, mental health, hospitalization, and more. This initiative underscores Aetna's commitment to improving healthcare accessibility in the region.

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Aetna CVS Health is launching its co-branded individual insurance plans in select counties of New Jersey, enhancing accessibility to health care for residents. This initiative, effective January 1, 2023, aims to address the needs of uninsured or underinsured Americans. Aetna's extensive network includes primary care doctors, specialists, and hospitals, allowing for affordable care options through virtual services and walk-in clinics. The plans cover a wide range of services, including pediatric care, mental health, and hospitalization.

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Aetna CVS Health announced the launch of hybrid-branded individual and family insurance plans in select North Carolina counties. This initiative aims to provide affordable health care options by integrating Aetna's coverage with CVS's accessible services, including MinuteClinic and telehealth. The plans offer comprehensive coverage, including pediatric services, emergency care, and mental health services. With a focus on quality care and convenience, Aetna seeks to bridge the gap in health care access for millions of uninsured or underinsured Americans.

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Aetna CVS Health launches hybrid-branded insurance plans in Richmond and Roanoke, Virginia, designed to address the needs of uninsured and underinsured Americans. These plans offer quality health insurance with affordable options available through CVS Pharmacy and MinuteClinic. Key features include access to a comprehensive network of healthcare providers, $0 virtual and in-person care options, and 24/7 virtual care availability. The plans cover a wide range of services, including pediatric care, mental health services, and emergency coverage. This initiative aims to enhance healthcare accessibility and affordability.

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Aetna, a CVS Health company, is expanding its hybrid-branded insurance offerings through the individual insurance exchange marketplace in Texas, targeting select counties. This initiative aims to provide affordable healthcare options through a comprehensive network of providers, including telehealth and walk-in clinics. The plans include $0 virtual care and a range of services such as pediatric care, emergency services, and mental health support. The move seeks to improve access to quality health insurance for uninsured or underinsured individuals, reinforcing Aetna's commitment to a human-centered healthcare approach.

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AM Best affirmed the Credit Ratings of Aetna's operating entities following CVS Health's announcement on September 5, 2022, regarding the acquisition of Signify Health for approximately $8 billion. CVS will pay $30.50 per share, resulting in an equity value of $7.6 billion after considering net debts. The transaction is expected to close in the first half of 2023 and aims to enhance CVS's capabilities in value-based care and in-home health. AM Best projects that CVS will maintain its financial metrics to uphold its investment-grade ratings.

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CVS Health will acquire Signify Health for $30.50 per share, totaling approximately $8 billion. This strategic move focuses on enhancing value-based care by integrating Signify's extensive clinician network and analytics capabilities. With over 10,000 clinicians nationwide, Signify aims to improve patient outcomes via home-based visits. CVS expects this acquisition to drive growth and is confident in achieving long-term EPS goals. The deal awaits regulatory and stockholder approval, with anticipated closure in the first half of 2023.

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FAQ

What is the current stock price of CVS HEALTH CORPORATION (CVS)?

The current stock price of CVS HEALTH CORPORATION (CVS) is $44.25 as of December 24, 2024.

What is the market cap of CVS HEALTH CORPORATION (CVS)?

The market cap of CVS HEALTH CORPORATION (CVS) is approximately 55.7B.

What does CVS Health Corporation do?

CVS Health Corporation is a healthcare conglomerate that includes a retail pharmacy chain, a pharmacy benefits manager, and a health insurance provider.

How many stores does CVS Health operate?

CVS Health operates over 9,000 retail pharmacy stores across the United States.

What recent acquisitions have CVS Health made?

CVS Health recently acquired Oak Street Health, adding primary care services to its existing healthcare offerings.

What is CVS Caremark?

CVS Caremark is the pharmacy benefits manager (PBM) division of CVS Health, processing about 2 billion adjusted claims annually.

What services does Aetna provide?

Aetna, part of CVS Health, provides a range of health insurance products, serving approximately 26 million medical members.

What community initiatives is CVS Health involved in?

CVS Health invests in affordable housing and educational programs, particularly in areas like Hawaii to support community health and wellbeing.

What is the financial outlook for CVS Health in 2024?

CVS Health revised its full-year 2024 GAAP diluted EPS guidance to at least $5.64 and adjusted EPS guidance to at least $7.00, reflecting continued medical cost trends.

When will CVS Health discuss its first-quarter results of 2024?

CVS Health will hold a conference call on May 1st, 2024, to discuss its first-quarter financial results.

How does CVS Health support Medicaid and CHIP beneficiaries?

Through Aetna Better Health, CVS Health supports Medicaid and CHIP beneficiaries by providing coordinated health care services, recently recommended to continue service in Michigan.

How does CVS Health improve access to healthcare?

CVS Health improves healthcare access through its extensive retail network, digital channels, and comprehensive health insurance plans, addressing various health and wellness needs.

CVS HEALTH CORPORATION

NYSE:CVS

CVS Rankings

CVS Stock Data

55.68B
1.26B
0.13%
82.89%
1.7%
Healthcare Plans
Retail-drug Stores and Proprietary Stores
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United States of America
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