Content about CVS Caremark

December 27, 2012
CVS Caremark announces final results of tender offers

CVS Caremark has announced the final results of its previously announced cash tender offers commenced on Nov. 26, 2012 of its 6.6% senior notes due 2019 and up to a maximum amount of its 6.125% senior notes due 2016 and 5.75% senior notes due 2017.

WOONSOCKET, R.I. — CVS Caremark has announced the final results of its previously announced cash tender offers commenced on Nov. 26, 2012 of its 6.6% senior notes due 2019 and up to a maximum amount of its 6.125% senior notes due 2016 and 5.75% senior notes due 2017.

The offers expired on Dec. 21, 2012. An aggregate principal amount of about $1.74 billion of notes was tendered.
 

December 20, 2012
CVS Caremark presents funds raised at 2012 Charity Classic event

Seventy-seven area nonprofit organizations on Wednesday received funds generated from the CVS Caremark Charity Classic at a presentation held at CVS Caremark’s headquarters.

WOONSOCKET, R.I. — Seventy-seven area nonprofit organizations on Wednesday received funds generated from the CVS Caremark Charity Classic at a presentation held at CVS Caremark’s headquarters.

The tournament, Rhode Island’s largest charitable sporting event, raised $1.2 million this year for charities across Southern New England, bringing the total funds raised since its inception to more than $16 million.

December 14, 2012
CVS Caremark's reinvention of pharmacy comes amid intense changes in health care

On Thursday, analysts and CVS Caremark executives gathered in New York City to attend the company’s annual Analyst Day meeting.

CVS Caremark has come a long away from its roots as a go-getting New England-based regional player, and the pharmacy healthcare giant continues to prove the success of its unique integrated model. The role of CVS Caremark — and community pharmacy at large — in today’s healthcare system couldn’t come at a more critical time.

On Thursday, analysts and CVS Caremark executives gathered in New York City to attend the company’s annual Analyst Day meeting.

December 14, 2012
CVS/pharmacy to acquire 19 Medicine Chest pharmacy locations in Texas

CVS/pharmacy and Medicine Chest Pharmacy announced on Friday that CVS will acquire 19 Medicine Chest drug stores in Texas during the last weekend of December.

WOONSOCKET, R.I. and SULPHUR SPRINGS, Texas — CVS/pharmacy and Medicine Chest Pharmacy announced on Friday that CVS will acquire 19 Medicine Chest drug stores in Texas during the last weekend of December.

Financial terms of the deal were not disclosed.

CVS/pharmacy will operate nine of the acquired locations and relocate 10 other Medicine Chest pharmacies into nearby existing CVS/pharmacy locations. Medicine Chest will continue to operate its remaining 10 locations.

December 13, 2012
CVS Caremark outlines growth framework at annual Analyst Day meeting

CVS Caremark executives expressed optimism going into 2013 and outlined its strategic growth framework, which leverages the company’s unique integrated model, during its annual Analyst Day held on Thursday in New York City.

WOONSOCKET, R.I. — CVS Caremark executives expressed optimism going into 2013 and outlined its strategic growth framework, which leverages the company’s unique integrated model, during its annual Analyst Day held on Thursday in New York City.

December 10, 2012
CVS Caremark increases size of tender offer amount

WOONSOCKET, R.I. — CVS Caremark has upped the size of its previously announced tender offers to refinance a portion of its debt.

The company stated that it will buy back up to $1.33 billion in notes, up from the previously announced $1 billion.

December 10, 2012
Hawaii business journal reports Walgreens real-estate new-hire

The Pacific Business News on Friday reported Rock Tang, a prominent real estate executive in the Hawaii region, joined Walgreens from CVS Caremark.

HAWAII — The Pacific Business News on Friday reported that a prominent real estate executive in the Hawaii region joined Walgreens from CVS Caremark. 

According to the report, Rock Tang, former regional director for real estate in Hawaii for CVS Caremark has been named senior real estate manager at Walgreens. Tang will be in charge of developing new stores around Hawaii and in Northern California. 

For the full report, click here. 

December 7, 2012
Focus on the loyalty card as the definitive barometer of pharmacy success, not won/lost ESI patients

Walgreens last Wednesday reported November sales of $5.9 billion, a decrease of 3.9% versus the same period last year.

DEERFIELD, Ill. — Walgreens last Wednesday reported November sales of $5.9 billion, a decrease of 3.9% versus the same period last year. However, the company also noted it had enrolled 38 million customers for its new loyalty card program, which debuted in September. 

December 7, 2012
Ready for globalization of drug retailing?

CVS Caremark is looking to acquire an 80% stake in Onofre, the eighth-largest pharmacy chain in Brazil, according to published reports.

Are you ready for the globalization of drug store retailing? DSN is. And we expect it to continue. Why? That's where the Rx growth is. Expect more of these deals. Where? Follow the money (i.e., emerging markets where Rx growth is still in high single to low double digits).

CVS Caremark is looking to acquire an 80% stake in Onofre, the eighth-largest pharmacy chain in Brazil, according to published reports.

Are you ready for the globalization of drug store retailing? DSN is. And we expect it to continue. Why? That's where the Rx growth is. Expect more of these deals. Where? Follow the money (i.e., emerging markets where Rx growth is still in high single- to low double-digits).

December 7, 2012
Reports: CVS Caremark looking to acquire drug chain Onofre in Brazil

CVS Caremark is reportedly looking to expand outside of the United States by acquiring Onofre, the eighth-largest pharmacy chain in Brazil, according to published reports.

WOONSOCKET, R.I. — CVS Caremark is reportedly looking to expand outside of the United States by acquiring Onofre, the eighth-largest pharmacy chain in Brazil, according to published reports.

The Valor Economico newspaper reported that CVS Caremark plans to pay $313 million to acquire an 80% stake in Onofre and will also assume the company's debt.

“We don’t comment on market rumors,” CVS Caremark spokesman Mike DeAngelis told Drug Store News.

December 6, 2012
CVS/pharmacy adds new health, shopping features to CVS mobile suite

CVS/pharmacy has introduced a variety of new features to its mobile suite, which consists of the CVS mobile app and a mobile-optimized website at m.CVS.com.

WOONSOCKET, R.I. — CVS/pharmacy has introduced a variety of new features to its mobile suite, which consists of the CVS mobile app and a mobile-optimized website at m.CVS.com.

The new features range from health resources that make it easier to schedule immunizations and identify pills, to a sleeker look and feel for the CVS Mobile app that makes mobile shopping a snap.

December 4, 2012
CVS/pharmacy, MinuteClinic promoting importance of flu shots

CVS/pharmacy and MinuteClinic are reminding families during National Influenza Vaccination Week about the importance of receiving their flu vaccinations, and are partnering with the Centers for Disease Control and Prevention and the NFL Retired Players Association to increase awareness about the benefits of annual flu vaccination.

WOONSOCKET, R.I. — CVS/pharmacy and MinuteClinic are reminding families during National Influenza Vaccination Week about the importance of receiving their flu vaccinations, and are partnering with the Centers for Disease Control and Prevention and the NFL Retired Players Association to increase awareness about the benefits of annual flu vaccination.

November 30, 2012
Latest retail clinic study illustrates continued embrace of convenient care clinics

A recent survey found a significant increase in the number of U.S. adults who have visited a retail clinic in recent years. The growth is attributed to a rise in the number of clinics nationwide, as well patients’ positive response to the convenience and lower cost of such clinic locations.

The findings come as little surprise and one should expect to see increased usage going forward. Why? Because health care is becoming increasingly consumer-centric as patients not only battle rising health care costs but also a growing shortage of primary care physicians. Patients want — need — convenient, high-quality health care services that are also cost effective. Convenient care clinics are increasingly illustrating the important role they play within the U.S. healthcare system.

A recent survey found a significant increase in the number of U.S. adults who have visited a retail clinic in recent years. The growth is attributed to a rise in the number of clinics nationwide, as well as patients’ positive response to the convenience and lower cost of such clinic locations.

November 29, 2012
Survey: Retail clinic visits on the rise among U.S. adults

The number of adults who are familiar with retail clinics and have used them has increased in recent years, according to a recent study by Kalorama Information, a publisher of healthcare market research.

NEW YORK — The number of adults who are familiar with retail clinics and have used them has increased in recent years, according to a recent study by Kalorama Information, a publisher of healthcare market research.

November 28, 2012
Leading retailers, suppliers gather in NYC for 14th annual Industry Issues Summit

As New York City enjoyed the first snowfall of the winter season, industry leaders gathered for the 14th annual Industry Issues Summit to discuss the top issues and trends impacting the industry, including the importance of seizing “whitespaces.”

NEW YORK — As New York City enjoyed the first snowfall of the winter season, industry leaders gathered for the 14th annual Industry Issues Summit to discuss the top issues and trends impacting the industry, including the importance of seizing “whitespaces.”

The all-day event was held on Tuesday at the New York Athletic Club, located just across the street from Central Park.

November 27, 2012
MinuteClinic, Virtua partner on services in southern New Jersey

Physicians from a New Jersey-based healthcare provider will work at five MinuteClinic locations inside CVS/pharmacy stores in the state, under a new partnership.

WOONSOCKET, R.I. — Physicians from a New Jersey-based healthcare provider will work at five MinuteClinic locations inside CVS/pharmacy stores in the state, under a new partnership.

November 26, 2012
CVS Caremark offers to buy back $1B in senior notes

CVS Caremark announced on Monday that it has commenced tender offers to refinance a portion of its debt.

WOONSOCKET, R.I. — CVS Caremark announced on Monday that it has commenced tender offers to refinance a portion of its debt.

The company has commenced cash tender offers for any and all of the 6.6% senior notes due 2019 and up to a maximum amount of the 6.125% senior notes due 2016 and 5.75% senior notes due 2017 such that the aggregate principal amount of the maximum tender offer notes tendered and accepted for purchase is equal to $1 billion less the aggregate principal amount of the any and all notes tendered and accepted for purchase. 

November 19, 2012
CVS/pharmacy, St. Jude Children's Research Hospital partner for annual holiday campaign

CVS/pharmacy on Monday announced its annual in-store fundraiser for the ninth year to support the St. Jude Children's Research Hospital Thanks and Giving campaign, a holiday program that raises awareness and funds for the research and care provided at St. Jude.

WOONSOCKET, R.I. — CVS/pharmacy on Monday announced its annual in-store fundraiser for the ninth year to support the St. Jude Children's Research Hospital Thanks and Giving campaign, a holiday program that raises awareness and funds for the research and care provided at St. Jude.
Since the campaign's inception, CVS/pharmacy and its customers have raised more than $31 million to support St. Jude.

November 16, 2012
CVS Caremark: NACo Rx discount card has saved Americans more than $500M

Residents in counties across the country that participate in the National Association of Counties' Prescription Discount Card Program have saved more than $500 million on their prescription medications since the launch of the program in 2004, according to data released by NACo and CVS Caremark.

WASHINGTON and WOONSOCKET, R.I. — Residents in counties across the country that participate in the National Association of Counties' Prescription Discount Card Program have saved more than $500 million on their prescription medications since the launch of the program in 2004, according to data released by NACo and CVS Caremark.

November 15, 2012
CVS/pharmacy waives co-pays at select stores in areas hit hardest by Hurricane Sandy

As part of its continuing efforts to help communities affected by Hurricane Sandy, CVS/pharmacy has announced that it is waiving prescription co-payments, deductibles and other financial liability related to prescription medications for patients who cannot pay at selected stores in the hardest hit neighborhoods in New York City and surrounding communities.

WOONSOCKET, R.I. — As part of its continuing efforts to help communities affected by Hurricane Sandy, CVS/pharmacy has announced that it is waiving prescription co-payments, deductibles and other financial liability related to prescription medications for patients who cannot pay at selected stores in the hardest hit neighborhoods in New York City and surrounding communities. 

November 15, 2012
MinuteClinic, UT Medicine San Antonio form clinical affiliation

CVS Caremark’s MinuteClinic and UT Medicine San Antonio, the academic medical practice of the School of Medicine at the University of Texas Health Science Center at San Antonio, have entered into a clinical affiliation to enhance access to healthcare services in the region.

WOONSOCKET, R.I. and SAN ANTONIO — CVS Caremark’s MinuteClinic and UT Medicine San Antonio, the academic medical practice of the School of Medicine at the University of Texas Health Science Center at San Antonio, have entered into a clinical affiliation to enhance access to healthcare services in the region.

November 14, 2012
CVS Caremark pays tribute to disabled military veterans at Gillette Stadium

In recognition of Veterans Day, CVS Caremark paid homage to nearly 50 disabled military veterans from across New England on Nov. 10, treating them to a football skills camp at Gillette Stadium in partnership with the New England Patriots.

WOONSOCKET, R.I. — In recognition of Veterans Day, CVS Caremark paid homage to nearly 50 disabled military veterans from across New England on Nov. 10, treating them to a football skills camp at Gillette Stadium in partnership with the New England Patriots.

The CVS Caremark/New England Patriots Veterans Skills Camp paired Patriots Super Bowl champions with veterans from Rhode Island, Connecticut, Massachusetts and New Hampshire for a day of fun and skills training at Gillette Stadium.

November 13, 2012
MinuteClinic recognizes National Nurse Practitioner Week

MinuteClinic is highlighting its support for the education and advancement of clinicians across the country in recognition of National Nurse Practitioner Week, the company said Tuesday.

WOONSOCKET, R.I. — MinuteClinic is highlighting its support for the education and advancement of clinicians across the country in recognition of National Nurse Practitioner Week, the company said Tuesday.

November 12, 2012
Reports: CVS Caremark drops 17 drugs from formulary

The PBM division of CVS Caremark is hoping to get patients to use lower-cost drugs for certain conditions by removing higher-cost drugs from its formulary, according to published reports.

NEW YORK — The PBM division of CVS Caremark is hoping to get patients to use lower-cost drugs for certain conditions by removing higher-cost drugs from its formulary, according to published reports.

The Wall Street Journal reported that CVS Caremark would stop covering 17 drugs starting on Jan. 1, 2013, after removing 30 this year. The drugs include Abbott's Androgel (testosterone gel) for low testosterone, and Pfizer's drug Detrol LA (tolterodine tartrate) for overactive bladder.

November 9, 2012
Loyalty cards explain how three pharmacy operators are bullish around winning the same patient

CVS Caremark reported strong numbers on both the retail and PBM sides of its business — but the real bombshell for analysts on the call was the news that the company has raised its estimate on the number of Express Script patients that CVS feels it can keep from going back to Walgreens.

That's a big boast. But Rite Aid, too, likes its shot to keep the ESI customers who at one time frequented Walgreens' pharmacies to fill their prescriptions. And Walgreens, for its part, reminds analysts that there was a reason those ESI patients were filling their prescriptions in the first place. So the Chicago retailer is confident that they'll be able to entice many of their former patients to return to the pharmacy fold. But in the end, who's really going to capture that coveted ESI patient? Will they stay, or will they go?

WOONSOCKET, R.I. — CVS Caremark reported strong numbers on both the retail and PBM sides of its business — but the real bombshell for analysts on the call was the news that the company has raised its estimate on the number of Express Script patients that CVS feels it can keep from going back to Walgreens.