CVS HEALTH CORPORATION - CVS STOCK NEWS

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.

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.

Aetna, a CVS Health company, has launched Aetna Virtual Primary Care, a nationwide initiative aimed at transforming primary care access. This innovative solution allows eligible members to receive virtual healthcare services from a dedicated team of board-certified physicians. Key features include $0 co-pay for virtual visits, in-depth preventive care, and unlimited virtual nurse support. The program enhances convenience and accessibility for members, promoting better health management. It is supported by Teladoc Health and leverages CVS's extensive provider network.

CVS Health Corporation (CVS) announced a cash tender offer for its 4.300% Senior Notes due 2028, targeting up to $2 billion. This tender offer is intended to reduce the company's overall debt of $7.05 billion in outstanding notes. The Tender Offer operates under specific terms and conditions detailed in the Offer to Purchase. Key dates include the Early Tender Date on August 20, 2021 and the Expiration Date on September 3, 2021, with potential adjustments to the Maximum Amount. Interest will be paid on validly tendered notes.

Aetna and CVS Health are launching their first hybrid-branded insurance product in the individual insurance exchange marketplace in Florida, specifically targeting counties in South Florida and Southwest Florida, starting January 1, 2022. This initiative aims to provide affordable healthcare access to uninsured and underinsured Americans. The plan includes low-cost visits at MinuteClinic locations, telemedicine services, and unique health offerings at CVS sites. CVS Health also plans to expand its insurance offerings into several other states including Arizona and Georgia.

Aetna and CVS Health are set to enter the individual insurance exchange market in Missouri starting January 1, 2022. This initiative aims to provide enhanced access to healthcare for more residents, particularly targeting the uninsured. The hybrid-branded plans will offer low-cost visits at MinuteClinic locations and access to comprehensive services through CVS HealthHUB, alongside a mobile app for premium management. Additional services will include telemedicine and affordable health products. This expansion emphasizes CVS Health’s commitment to improving healthcare access.

Aetna and CVS Health are set to launch their first hybrid-branded insurance product in Texas, aimed at increasing health care access in select counties including Austin and Houston. This initiative targets millions who are uninsured or underinsured. Key features include no-cost or low-cost visits at over 50 MinuteClinic locations, discounts on CVS Health brand products, and a simplified member experience. Additionally, CVS Health will expand its individual insurance offerings to states like Arizona and Florida, pending state and federal approvals.

Aetna and CVS Health (NYSE: CVS) are launching a hybrid-branded insurance product in North Carolina, targeting the individual insurance exchange marketplace. This initiative aims to provide affordable healthcare access to uninsured and underinsured residents. The plan includes features like low-cost visits at MinuteClinic locations, Care Concierge services at CVS HealthHUBs, discounts on CVS Health Brand products, and simplified member experiences through digital platforms. The offering is part of a broader expansion into various states, pending regulatory approval.

CVS Health and Aetna are launching a hybrid-branded insurance product in Nevada's individual insurance exchange market, targeting areas in Las Vegas and Reno, effective January 1, 2022. This initiative aims to increase healthcare access for uninsured or underinsured individuals. The plan includes low-cost clinic visits, telemedicine services, and unique offerings at CVS locations. With a focus on simplifying healthcare and improving consumer experience, CVS Health is also entering the individual exchange in several other states, pending final approvals.