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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.

News
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CVS Health has announced a quarterly dividend of $0.50 per share, approved by its board of directors. The dividend will be payable on November 1, 2021, to shareholders of record by October 22, 2021. This reflects the company's commitment to returning value to its shareholders.

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CVS Health Corporation (NYSE: CVS) will host a conference call on November 3, 2021, at 8:00 a.m. (ET) to discuss its third-quarter 2021 financial results. An audio webcast will be available through the CVS Health Investor Relations website, providing access to interested parties. The webcast will be archived for a year. CVS Health is recognized for delivering comprehensive health solutions, with over 300,000 employees, including more than 40,000 physicians and healthcare professionals, enhancing community health access and affordability.

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Aetna, a CVS Health company, announced its 2022 Medicare offerings, emphasizing expanded benefits aimed at improving member health and affordability. With nearly 9.8 million Medicare members, Aetna introduced more than 2.9 million beneficiaries to new Medicare Advantage plans, including $0 premium options available to 84% of eligible beneficiaries. The plans now cover 46 states and D.C., with access extended to additional counties, impacting 53.2 million individuals. Aetna also expanded benefits for Dual Eligible Special Needs Plans and designed specialized coverage for Veterans, addressing social determinants of health.

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CVS Health (NYSE: CVS) announced the availability of the Pfizer-BioNTech COVID-19 booster shot starting September 24, 2021, following CDC approval. Eligible populations include individuals 65 and older, those 50-64 with specific medical conditions, and those 18-49 at high risk for severe COVID-19. CVS has administered over 34 million COVID-19 vaccines to date and continues to expand its vaccination efforts, preparing to offer additional booster shots as authorized. CVS encourages appointments for efficiency and accessibility.

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CVS Health (NYSE: CVS) is hosting a national career event on September 24, 2021, aiming to recruit 25,000 clinical and retail positions. This initiative is in response to an expected increase in flu cases and ongoing COVID-19 vaccination and testing demand. Most roles include full-time and part-time licensed pharmacists, pharmacy technicians, and nurses. CVS has administered over 34 million COVID-19 vaccines and 32 million tests. The hiring process will be entirely virtual, promoting accessibility for applicants. CVS continues to invest in its workforce with competitive pay and benefits.

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CVS Health (NYSE: CVS) announced that President and CEO Karen S. Lynch and Executive Vice President Alan Lotvin, M.D., will participate in a fireside chat at the 19th Annual Morgan Stanley Global Healthcare Conference on September 14, 2021, at approximately 8:45 am ET. This event highlights CVS Health's commitment to enhancing community health through its extensive services, including its teams of healthcare professionals. For more information, visit www.cvshealth.com.

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CVS Health has opened its first MinuteClinic locations in Washington as part of its nationwide expansion strategy. The MinuteClinic offers affordable healthcare for patients aged 18 months and older, providing services such as diagnosis, treatment, and prescriptions for common illnesses. The new locations are integrated with CVS HealthHUB™, enhancing patient experience with a variety of clinical services. Virtual consultations are also available through the E-Clinic. Most major health insurances are accepted, with transparent pricing for cash or credit patients.

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CVS Health Corporation has announced the pricing details for its cash tender offer for up to $2,049,919,000 of its 4.300% Senior Notes due 2028. The tender offer, initiated on August 9, 2021, will allow holders to receive a total consideration of $1,162.08 per $1,000 principal amount of notes tendered, including an early tender payment of $30. The early tender date was August 20, 2021, with settlement expected on August 24, 2021.

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CVS Health Corporation (CVS) announced on August 23, 2021, the early results of its cash tender offer, increasing the total amount to $2,049,919,000 from an initial $2,000,000,000. The offer includes 4.300% Senior Notes due 2028 and is open to all registered holders. As of the early tender date, $3,353,427,000 of the notes were validly tendered. CVS expects to prorate the accepted notes due to oversubscription. Payments will be made for accepted tenders on August 24, 2021. The offer does not guarantee acceptance of all tendered notes.

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CVS Health (NYSE: CVS) emphasizes the importance of vaccinations as the country navigates the COVID-19 pandemic. A survey reveals that 71% of U.S. consumers intend to receive a flu shot, marking a 5% increase from June 2020. CVS Health has administered around 30 million COVID-19 vaccinations and over 20 million flu shots in the past year. Flu shots are available at all CVS Pharmacy and MinuteClinic locations, with convenient scheduling options.

Customers can receive a $5 off $20 shopping pass with any vaccine visit while supplies last, valid through 12/31.

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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 $56.46 as of October 31, 2024.

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

The market cap of CVS HEALTH CORPORATION (CVS) is approximately 72.9B.

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

72.91B
1.26B
0.12%
83.05%
1.65%
Healthcare Plans
Retail-drug Stores and Proprietary Stores
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United States of America
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