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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.

Rhea-AI Summary

CVS Health will start administering COVID-19 vaccines at 27 pharmacy locations in New Jersey on February 11, 2021. Appointments can be booked from February 9, with approximately 19,900 doses available for the initial rollout. The company is part of a broader initiative to provide vaccines across 11 states, aiming to eventually administer 20-25 million shots per month. Vaccines will be offered to eligible individuals as per state guidelines, with a focus on safety and community presence.

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CVS Health (NYSE: CVS) announced it will start administering COVID-19 vaccines at seven Longs Drugs locations in Hawaii from February 11, 2021. Approximately 4,400 doses will be available through the federal pharmacy partnership program. Appointments can be booked starting February 9. CVS plans to eventually offer vaccines across 335 locations in eleven states, aiming to administer 20-25 million vaccines monthly. CVS is also progressing in vaccinating residents at over 45 long-term care facilities in Hawaii.

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CVS Health announced that starting February 11, it will administer COVID-19 vaccines at 18 locations in Maryland. This initiative is part of a broader rollout across 11 states, with an initial supply of approximately 11,000 doses. Appointments can be booked from February 9, and only eligible individuals who meet state criteria can receive vaccinations. CVS aims to expand its services as more vaccines become available, with a capacity to administer 20-25 million shots monthly. The company also continues vaccination efforts in over 1,700 long-term care facilities.

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CVS Health will begin administering COVID-19 vaccines at 100 locations across California starting February 11, 2021. Approximately 81,900 doses will be available initially, with appointments open for booking on February 9. This effort is part of a broader rollout in 11 states, expanding CVS's capacity to deliver 20-25 million vaccinations monthly. The company also continues to vaccinate residents at over 15,000 long-term care facilities in California. CVS aims to make healthcare more accessible and affordable while addressing the ongoing pandemic.

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CVS Health will start administering COVID-19 vaccines to eligible residents on February 11 at 12 pharmacy locations in Connecticut. The rollout will include approximately 6,800 doses sourced from a federal partnership program. Appointments can be booked from February 9. The initiative is part of a broader plan involving 335 locations across 11 states with a capacity to administer 20-25 million shots monthly. CVS is also vaccinating residents at over 570 long-term care facilities in Connecticut, aiming to finish first doses by mid-February.

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CVS Health will start offering COVID-19 vaccinations on February 11 at select locations across 11 states, initially providing approximately 250,000 doses sourced from the federal government. The company plans to expand its vaccination efforts as more supply becomes available. CVS aims to administer 20 to 25 million shots monthly, utilizing nearly 90,000 healthcare professionals. CVS has already begun vaccinations at long-term care facilities, aiming to complete first doses for over 40,000 facilities by mid-February.

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CVS Health Corporation (NYSE:CVS) will host a conference call on February 16, 2021, at 8:00 a.m. ET to discuss its financial results for the fourth quarter of 2020. The call will be available via live audio webcast on CVS Health's Investor Relations website. The event aims to inform analysts and investors about the company's performance and strategic initiatives. CVS Health continues to enhance healthcare access and affordability through innovative services and community outreach that cater to the healthcare needs of nearly one in three Americans annually.

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CVS Health Foundation has launched a $5 million Health Care Careers Scholarship program over five years, aimed at supporting Black and Latinx students pursuing health care degrees. This initiative is part of CVS's broader $600 million commitment to address racial inequities. Scholarships will target students in various health care-related fields and will be managed in collaboration with UNCF. Applications are open from February 1 to April 1, 2021, fostering a diverse pipeline of future health care professionals.

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CVS Health has successfully administered the first round of COVID-19 vaccine doses to nearly 8,000 skilled nursing facilities across the U.S. With second doses already underway, CVS anticipates completion within four weeks. The rollout included more than 40,000 long-term care facilities, with first doses expected to be finished by mid-February. CVS can administer 20-25 million vaccine shots monthly, significantly impacting community vaccination efforts in partnership with federal programs.

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CVS Health announces the appointment of Laurie Havanec as Executive Vice President and Chief People Officer, effective February 8, 2021. She succeeds Lisa Bisaccia, who is retiring after 16 years. Havanec brings over 20 years of HR experience, most recently from Otis Worldwide Co., and has previously held significant roles at United Technologies Corporation and Aetna. Havanec aims to enhance talent and culture initiatives, supporting CVS's strategy with a focus on engaging its workforce of 300,000 employees.

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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 $44.36 as of December 20, 2024.

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

The market cap of CVS HEALTH CORPORATION (CVS) is approximately 56.1B.

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

56.12B
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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