STOCK TITAN

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.

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
Tags
covid-19
-
Rhea-AI Summary

CVS Health has announced the addition of 74 CVS Pharmacy locations in Texas that will begin administering COVID-19 vaccines from March 14, 2021. This expansion brings the total to 180 vaccine sites in Texas, enhancing access to vaccines for eligible populations, including K-12 teachers and childcare workers. Appointments can be booked starting March 13. The vaccine supply is sourced from the Federal Retail Pharmacy Program and CVS aims to increase vaccine availability as supply allows. CVS is currently delivering vaccines at nearly 1,200 locations across the U.S.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
Tags
covid-19
-
Rhea-AI Summary

CVS Health announces the addition of 23 new COVID-19 vaccination sites in Virginia, bringing the total to 64 locations statewide. Vaccinations start on March 14, 2021, with appointments available for booking on March 13. Eligible individuals include K-12 teachers, staff, and childcare workers, with vaccine supply sourced from the Federal Retail Pharmacy Program. CVS aims to provide vaccines at nearly 1,200 locations across 29 states and Puerto Rico, with a capacity to administer 20-25 million shots monthly.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
Tags
covid-19
Rhea-AI Summary

CVS Health has expanded its COVID-19 vaccination program to nearly 1,200 locations across 29 states and Puerto Rico, significantly increasing access to the vaccine. The company can administer 20-25 million shots monthly, focusing on vulnerable communities and educators. Since December, CVS has successfully vaccinated residents at over 40,000 long-term care facilities, leading to a 94% decrease in COVID-19 cases. Appointments in new states will be available starting March 13, 2021, as CVS continues to combat the pandemic through its retail pharmacy program.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
Tags
covid-19
-
Rhea-AI Summary

CVS Health Corporation has declared a quarterly dividend of $0.50 per share, which will be paid on May 3, 2021. Shareholders on record by April 23, 2021 will receive the dividend. This announcement underscores the company's commitment to returning value to its investors. CVS Health is a leading diversified health services company, aiming to improve healthcare accessibility and affordability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
dividends
-
Rhea-AI Summary

CVS Health announced a $12.4 million investment in affordable housing, constructing 60 units in south Phoenix. This initiative is part of CVS's larger commitment to tackle racial inequity, aiming to spend $600 million over five years in communities of color. The new development, Newsom Village, will provide reduced-rent apartments and will partner with UMOM New Day Centers, which is experienced in affordable housing. Additionally, CVS will expand its Project Health program, offering free health screenings to locals, directly addressing social determinants of health.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
none
Rhea-AI Summary

CVS Health expands its COVID-19 vaccination initiative by adding Alabama, Arizona, Florida, Louisiana, Ohio, and Pennsylvania to its list of participating states. Starting February 25, appointments for approximately 570,000 doses will be available. This follows the February 12 rollout in 11 states. CVS has successfully administered around four million doses in long-term care facilities. The pharmacy can administer 20-25 million shots per month and aims to reach vulnerable communities. CVS Health emphasizes the positive feedback received regarding the vaccination process.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
covid-19
-
Rhea-AI Summary

CVS Health has announced the rollout of COVID-19 vaccinations at 81 select pharmacy locations in Florida, including CVS Pharmacy, CVS Pharmacy y más, and Navarro Discount Pharmacy. This initiative follows a successful launch in 11 other states, with approximately 62,000 doses available weekly. Patients in Florida must register online for appointments, with no walk-ins allowed. CVS aims to enhance vaccine access, especially for underserved communities, and anticipates expanding the program as more supply becomes available.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
covid-19
-
Rhea-AI Summary

CVS Health (NYSE: CVS) invested over $114 million in affordable housing in 2020, aiming to improve community health for vulnerable populations. This funding will support the construction and rehabilitation of more than 2,800 affordable housing units across 30 cities in 12 states. Key initiatives include 460 permanent supportive housing units for individuals facing homelessness or health challenges. Additionally, the company has committed nearly $600 million over five years to address racial inequality in Black communities and improve overall health access and economic support.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
none
Rhea-AI Summary

CVS Health (NYSE: CVS) has unveiled a community-based strategy aimed at addressing COVID-19 vaccine access inequities, focusing on Black and Hispanic populations. This initiative includes proactive outreach, partnerships, and vaccine clinics, with nearly 10,000 CVS locations nationwide serving as key sites. By prioritizing areas with high social vulnerability, CVS aims to educate and connect underserved communities with vaccination services. The effort includes collaborations with nonprofits and a significant marketing campaign to boost vaccine education and confidence.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
covid-19

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
Link
United States of America
WOONSOCKET