CVS HEALTH CORPORATION - CVS STOCK NEWS

CVS Health (NYSE: CVS) emphasizes the importance of flu vaccinations during National Influenza Vaccination Week (Dec. 6-12). With plans to administer 20 million flu shots this season, CVS urges individuals to get vaccinated, highlighting the dual challenge of flu and COVID-19. The company operates nearly 10,000 CVS Pharmacy and 1,100 MinuteClinic locations, providing accessible immunization options. Enhanced safety measures for patients and staff are in place, including temperature checks and PPE for providers. For flu shot appointments, visit cvs.com.

CVS Health has initiated cash tender offers for up to $4 billion in senior notes, including $1.5 billion of 4.000% and 3.700% senior notes due 2023, $1 billion of 4.100% and 3.875% senior notes due 2025, and $1.5 billion of 4.300% senior notes due 2028. These tender offers aim to refinance a portion of CVS Health's debt, potentially reducing its overall indebtedness. The offers allow holders to receive early tender payments if they act by December 18, 2020. Settlement dates for accepted notes are set for December 22, 2020, and January 7, 2021.

CVS Health has launched its new HealthHUB store format at three Longs Drugs locations in Hawaii, enhancing community access to affordable healthcare. The initiative aims to provide a more integrated health experience, including chronic disease management and wellness products. CVS also pledged $25,000 to Aloha United Way to support healthcare for the homeless. With plans to expand to 1,500 HealthHUBs by 2021, the program addresses both local and national health challenges exacerbated by the ongoing pandemic.

CVS Health Corporation (NYSE: CVS) announced participation in a fireside chat with investors at the Evercore ISI 3rd Annual Global HealthCONx Conference on December 3, 2020, at approximately 12:10 pm ET. Key executives including Larry Merlo, Eva Boratto, and Karen Lynch will be present to discuss the company's strategic direction and consumer-centric initiatives.

CVS aims to redefine healthcare services through HealthHUB locations and innovative chronic condition management programs.

CVS Health has appointed Neela Montgomery as Executive Vice President and President of CVS Pharmacy, effective November 30, 2020. She will oversee approximately 10,000 pharmacies nationwide. Montgomery, previously CEO of Crate & Barrel, has extensive experience in retail and e-commerce. She aims to enhance consumer health services in digital and in-person settings. CVS Pharmacy has played a vital role during the pandemic, delivering COVID-19 testing and flu vaccines. Under Montgomery's leadership, CVS aims to further innovate and meet changing consumer needs.

CVS Pharmacy has integrated PayPal and Venmo QR codes for touch-free payments at 8,200 standalone locations, enhancing customer safety and convenience. This initiative, first announced in July, enables secure transactions without the need for keypads or signatures. Since January, touch-free transactions have surged by 43%. Research indicates that 57% of consumers consider digital payment options when choosing where to shop, with 34% avoiding stores that lack QR payment capabilities. CVS aims to cater to evolving consumer preferences and ensure a seamless shopping experience during the pandemic.

CVS Health, in collaboration with the New Spiritual Light Missionary Baptist Church and Peer Plus Education and Training Advocates, is launching free rapid COVID-19 testing at the Chicago Baptist Institute. This initiative aims to increase testing access, particularly in underserved communities significantly affected by the virus. Testing will be available by appointment, with results provided on-the-spot. CVS is expanding its efforts nationwide, offering drive-thru testing at over 4,000 locations, targeting areas in need according to the CDC's Social Vulnerability Index.

On November 11, 2020, CVS Health announced that Daniel Finke will take over as Executive Vice President and President of the Health Care Benefits Segment effective February 1, 2021. He succeeds Karen S. Lynch, who will become President and CEO. Finke brings over 25 years of experience in health care, including leadership roles at Aetna and EmblemHealth. His commitment focuses on enhancing member health experiences through digital solutions and integrated products, serving over 34 million members in the segment.

CVS Health (NYSE: CVS) is investing $8.7 million in constructing a 116-unit affordable housing complex in Orlando, Florida, part of its commitment of nearly $600 million over five years to address racial inequity. The project, located in the Mercy Drive neighborhood, will provide supportive services for residents, including those experiencing homelessness. Additionally, CVS plans to expand its no-cost preventive health screening program, Project Health, to Orlando in 2021, offering free biometric screenings to identify chronic conditions in underserved communities.