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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

CVS Health survey finds more than two-thirds of Americans plan to get a flu shot this season

Rhea-AI Summary
CVS Pharmacy and MinuteClinic are encouraging consumers to get an annual flu shot and stay up to date on routine vaccinations. They are offering the flu vaccine and the new respiratory syncytial virus (RSV) vaccine at locations nationwide. CVS Pharmacy and MinuteClinic are also preparing to offer a new CDC-recommended COVID-19 vaccine. Appointments can be scheduled in advance using the digital scheduler at CVS.com or in the CVS Pharmacy app. Convenient hours and scheduling flexibility are important factors for patients when choosing where to get a flu shot.
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CVS Health to Present at the 21st Annual Morgan Stanley Global Healthcare Conference

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CVS Health CEO and CFO to participate in fireside chat with investors at Morgan Stanley Global Healthcare Conference on September 12, 2023.
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CVS Health Launches Cordavis

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CVS Health launches Cordavis subsidiary to bring biosimilar products to market, starting with Hyrimoz® at over 80% lower list price than Humira®
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CVS Health reports second quarter results

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CVS Health Corporation® reports Q2 2023 operating results with total revenues of $88.9 billion, up 10.3% YoY. GAAP diluted EPS is $1.48 and Adjusted EPS is $2.21. Full-year 2023 guidance is revised to $6.53 to $6.75 for GAAP EPS and confirmed at $8.50 to $8.70 for Adjusted EPS.
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Signify Health Launches Chronic Kidney Disease Testing, Expands In-Home Diagnostic and Preventive Services Offering

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Signify Health, a CVS Health company, has added a comprehensive in-home kidney health evaluation to its Diagnostic and Preventive Services offering. The new screenings aim to support the early detection and management of Chronic Kidney Disease (CKD), which affects an estimated 37 million U.S. adults. The evaluations provide clinicians and members with information to determine the best treatment and management plan, potentially including additional testing, lifestyle changes, pharmacological treatment, and referrals to nephrologists. The expanded offering aligns with new quality measures added by the Centers for Medicare and Medicaid Services.
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CVS Pharmacy introduces new universal tools collection from one+other

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CVS Pharmacy (CVS) introduces the inclusively designed Universal Tools collection under its one+other beauty and personal care brand, catering to the diverse needs of its consumer base. The collection aims to make self-care more accessible for people with disabilities, featuring six universally comfortable self-care tools. The tools are available on CVS.com and in-store nationwide, furthering the retailer's commitment to inclusivity and accessibility in the self-care aisle.
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CVS Pharmacy introduces new universal tools collection from one+other

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CVS Pharmacy (CVS) expands one+other beauty and personal care brand with Universal Tools collection, designed for inclusivity and accessibility. The collection features six self-care tools with inclusive features, now available online and in-store nationwide.
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CVS Health appoints Scott Kirby to Board of Directors

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CVS Health Corporation (NYSE: CVS) appoints J. Scott Kirby, CEO of United Airlines Holdings, Inc., to its Board of Directors. Kirby's expertise in technology and leadership in a highly regulated, consumer-driven industry will advance CVS Health's technology-forward approach to improving consumer health.
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CVS Caremark and GoodRx to launch Caremark® Cost Saver™ to help lower out-of-pocket drug costs for CVS Caremark clients' members

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CVS Caremark and GoodRx have launched Caremark Cost Saver, a prescription drug discount solution aimed at lowering pharmacy out-of-pocket costs for CVS Caremark clients' members. The program provides automatic access to GoodRx's prescription pricing, allowing members to pay lower prices on generic medications. The amount paid will be applied to plan members' deductible and out-of-pocket thresholds. No action is required by the plan member.
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CVS Health announces quarterly dividend

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CVS Health (NYSE: CVS) approves quarterly dividend of $0.605 per share on Common Stock.
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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 $55.81 as of November 1, 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.

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CVS HEALTH CORPORATION

NYSE:CVS

CVS Rankings

#185 Ranked by Market Cap
#621 Ranked by Dividends

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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