Content about CVS Pharmacy

January 17, 2014

CVS Caremark has completed the acquisition of Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group.

WOONSOCKET, R.I. — CVS Caremark has completed the acquisition of Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group.

Coram is one of the nation's largest providers of infusion services, caring for approximately 165,000 patients annually. Coram has 4,600 employees, including 600 nurses, 350 pharmacists and 250 dietitians, operating primarily through 85 branch locations and six centers of excellence for patient intake.

January 16, 2014

CVS/pharmacy announced on Thursday the kickoff of its annual Project Health wellness campaign, which will deliver more than $15 million worth of free health services to multicultural communities across the United States in 2014.

WOONSOCKET, R.I. — CVS/pharmacy announced on Thursday the kickoff of its annual Project Health wellness campaign, which will deliver more than $15 million worth of free health services to multicultural communities across the United States in 2014.

January 16, 2014

Avignone Chemists, which is located in New York City’s West Village neighborhood, has sold its pharmacy business to CVS/pharmacy, according to a local news report.

NEW YORK — Avignone Chemists, which is located in New York City’s West Village neighborhood, has sold its pharmacy business to CVS/pharmacy, according to a local news report.

January 9, 2014

A deal announced last month between CVS Caremark and Cardinal Health created a joint venture that the companies said would be the largest generic drug sourcing entity in the United States.

A deal announced last month between CVS Caremark and Cardinal Health created a joint venture that the companies said would be the largest generic drug sourcing entity in the United States.

Each company will have a 50% stake in the joint venture, contributing its respective sourcing and supply chain expertise. The deal also included an extension of Cardinal Health’s existing pharmaceutical distribution agreement with CVS Caremark through June 2019.

January 8, 2014

Aetna has announced that Walmart and Sam’s Club pharmacies have been added to the preferred pharmacy network of the Aetna CVS/pharmacy Prescription Drug Plan as of Jan. 1.

HARTFORD, Conn. — Aetna has announced that Walmart and Sam’s Club pharmacies have been added to the preferred pharmacy network of the Aetna CVS/pharmacy Prescription Drug Plan as of Jan. 1.

January 7, 2014

Retail pharmacy veteran Dan Haron has been appointed CEO of NuScriptRx, which serves the pharmaceutical needs of long-term care facilities and their residents, according to published reports.

NASHVILLE — Retail pharmacy veteran Dan Haron has been appointed CEO of NuScriptRx, which serves the pharmaceutical needs of long-term care facilities and their residents, according to published reports.

Haron previously served as president of Cigna pharmacy management. He joined Cigna in 2007 as VP operations for Cigna tele-drug home delivery pharmacy.

January 6, 2014

WOONSOCKET, R.I. — CVS/pharmacy announced on Monday the launch of the Family Vitamin Center, a new health hub on CVS.com to help educate customers on the vitamins and supplements that can support their personal health goals.

January 2, 2014

With coverage under the Affordable Care Act now underway for millions of Americans, CVS Caremark has announced that it is ready to help patients who may experience coverage issues or have questions as they access care and prescription medications under new plans for the first time.

WOONSOCKET, R.I. — With coverage under the Affordable Care Act now underway for millions of Americans, CVS Caremark has announced that it is ready to help patients who may experience coverage issues or have questions as they access care and prescription medications under new plans for the first time.

December 26, 2013

Another key area, in which the learnings of ExtraCare are helping to inform the overall CVS Caremark retail strategy and personalize the shopping experience is in the way CVS Caremark designs and merchandises its stores.

Another key area, in which the learnings of ExtraCare are helping to inform the overall CVS Caremark retail strategy and personalize the shopping experience is in the way CVS Caremark designs and merchandises its stores.

December 26, 2013

It’s been a busy month for news about CVS Caremark, as DSN raced to compile the special report on the company that appears in this issue. Each of the announcements only serves to amplify our “Power of One” theme.

Take its new joint venture with Cardinal Health, which will negotiate prices and source generic drugs for both companies.

December 26, 2013

Now, a year later, as the company completes its 50th year in business and the country awaits a period of change in health care unlike anything seen in at least that time, CVS Caremark executives are quite confident that its unique hybrid structure and its ability to leverage the three core parts of its business — either individually or together, in varying combinations to serve a multitude of needs — aligns more effectively with the long-term trends in health care and puts the company in a unique position at a singular moment in history.

In 2012, DSN presented an in-depth report on CVS Caremark’s integrated pharmacy business model — part big retail pharmacy chain, part big PBM, part big retail clinic operator — and the innovative products and solutions that were coming out of the organization, particularly where the three parts of the business came together, its “integration sweet spots,” as company executives referred to them.

December 20, 2013

Top CVS Caremark executives gathered in New York City on Wednesday for its 2013 Analyst Day to outline the company’s strategies to drive long-term enterprise growth through its vast pool of assets and its nimbleness in responding to the evolving healthcare landscape.

It marked the third year that the Woonsocket, R.I.-based company has hosted its Analyst Day meeting in Decembe, but this year’s event no doubt proved especially timely since we’re just days away from the start of the New Year when health reform will begin to significantly alter U.S. health care.

Top CVS Caremark executives gathered in New York City on Wednesday for its 2013 Analyst Day to outline the company’s strategies to drive long-term enterprise growth through its vast pool of assets and its nimbleness in responding to the evolving healthcare landscape.

December 18, 2013

Winning with ability and agility in the age of healthcare retail-ization. That’s what it is all about for CVS Caremark, and that was a central theme of Wednesday’s timely Analyst Day meeting in New York City.

NEW YORK — Winning with ability and agility in the age of healthcare retail-ization. That’s what it is all about for CVS Caremark, and that was a central theme of Wednesday’s timely Analyst Day meeting in New York City, held just weeks before the New Year when health reform will begin to significantly alter the healthcare landscape.

December 16, 2013

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, announced a $5 million commitment to expanding access to quality health care nationwide.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, today announced a $5 million commitment to expanding access to quality health care nationwide through partnerships with the National Association of Free and Charitable Clinics, the School-Based Health Alliance and the second year of the "Innovations in Community Health" grant program in partnership with the National Association of Community Health Centers.

December 10, 2013

CVS Caremark and Cardinal Health announced on Tuesday the signing of an agreement to form the largest generic sourcing entity in the United States.

DUBLIN, Ohio and WOONSOCKET, R.I. — CVS Caremark and Cardinal Health announced on Tuesday the signing of an agreement to form the largest generic sourcing entity in the United States.

Both companies are contributing their sourcing and supply chain expertise to this 50/50 joint venture and are committing to source generic drugs through it. The companies separately announced a three-year extension through June 2019 of Cardinal Health's existing pharmaceutical distribution agreements with CVS Caremark.

December 9, 2013

In recognition of this year's National Influenza Vaccination Week, which runs Dec. 8 to 14, CVS/pharmacy and MinuteClinic are reminding families that it is not too late to get a flu shot, and are offering a 20% off CVS/pharmacy Shopping Pass to those who get their flu shot at either CVS/pharmacy or MinuteClinic this holiday season.

WOONSOCKET, R.I. — In recognition of this year's National Influenza Vaccination Week, which runs Dec. 8 to 14, CVS/pharmacy and MinuteClinic are reminding families that it is not too late to get a flu shot, and are offering a 20% off CVS/pharmacy Shopping Pass to those who get their flu shot at either CVS/pharmacy or MinuteClinic this holiday season.

December 6, 2013

Seattle-based regional pharmacy chain Bartell Drugs will open, in early 2014, retail-based clinics inside three of its stores under a partnership with local health organization Group Health Cooperative.

The importance of the news isn’t just the fact that this will mark Bartell’s foray into the convenient care clinic arena but also that it speaks to a much broader notion — 2014 will be the year of the clinics. Yes, we have said it before and we’re saying it yet again.

Seattle-based regional pharmacy chain Bartell Drugs will open, in early 2014, retail-based clinics inside three of its stores under a partnership with local health organization Group Health Cooperative.

December 4, 2013

CVS Caremark’s MinuteClinic has expanded to its 28th state with the opening of clinic locations inside select CVS/pharmacy stores in New Hampshire, and the clinic operator also has formed a new clinical collaboration with Dartmouth-Hitchcock, the largest healthcare system in New Hampshire.

WOONSOCKET, R.I. — CVS Caremark’s MinuteClinic has expanded to its 28th state with the opening of clinic locations inside select CVS/pharmacy stores in New Hampshire, and the clinic operator also has formed a new clinical collaboration with Dartmouth-Hitchcock, the largest healthcare system in New Hampshire.

Clinics are now open in Concord and West Lebanon. A Salem clinic will open Dec. 11, and locations in Hampton, Manchester and Nashua will open in early January, the company stated.

December 3, 2013

The 15th annual Industry Issues Summit, presented by The Drug Store News Group on Dec. 3, proved to be a powerful, all-star lineup as some of the top minds in pharmacy retailing gathered for a candid discussion of the top issues and trends impacting the industry.

NEW YORK — The 15th annual Industry Issues Summit, presented by The Drug Store News Group on Dec. 3, proved to be a powerful, all-star lineup as some of the top minds in pharmacy retailing gathered for a candid discussion of the top issues and trends impacting the industry. On top of that, brand-building genius and TV celebrity Daymond John of ABC’s “Shark Tank” delivered an exclusive lunchtime keynote.

December 2, 2013

CVS Caremark is planning to acquire Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group, for roughly $2.1 billion. Coram provides infusion therapies and nutrition services to more than 20,000 patients each month.

The acquisition is a significant move for CVS Caremark given the growth of the home infusion business and specialty pharmacy. Furthermore, it enables CVS Caremark to further leverage its “integration sweet spots” and is in line with the company’s strategy of investing in core businesses that will help drive growth.

CVS Caremark is looking to acquire Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group, for roughly $2.1 billion. Coram provides infusion therapies and nutrition services to more than 20,000 patients each month.

November 27, 2013

CVS Caremark is looking to bolster its specialty pharmacy offerings by acquiring Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group for approximately $2.1 billion.

WOONSOCKET, R.I. — CVS Caremark is looking to bolster its specialty pharmacy offerings by acquiring Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group for approximately $2.1 billion.
 
Coram provides infusion therapies and nutrition services to more than 20,000 patients each month. Coram cares for patients primarily through home infusion as well as a national network of more than 85 locations, including more than 65 ambulatory infusion suites.

November 25, 2013

CVS Caremark has announced the appointment of Helena Foulkes as president of CVS/pharmacy, effective Jan. 1. She succeeds Mark Cosby, who is stepping down on Dec. 31.

WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Helena Foulkes as president of CVS/pharmacy, effective Jan. 1. She succeeds Mark Cosby, who is stepping down on Dec. 31.

Cosby has led the company’s retail business since October 2011, including its more than 7,600 retail stores, 19 distribution centers and retail merchandising, supply chain, marketing, real estate, front store and pharmacy operations.

November 25, 2013

A pharmacy school in Texas has been named CVS Caremark Partner of the Year, according to published reports.

NEW YORK — A pharmacy school in Texas has been named CVS Caremark Partner of the Year, according to published reports.

The award, which includes a $50,000 check, goes to the Texas Tech University Health Sciences Center's School of Pharmacy, the Amarillo, Texas Globe-News reported.

The award is based on a partnership between the school and CVS that goes back more than 15 years, and the company employs more than 60 graduates from the school across Texas. 

November 20, 2013

Specialty drug spend is expected to more than quadruple by 2020, reaching approximately $402 billion a year, according to a new CVS Caremark report released today.

WOONSOCKET, R.I. — Specialty drug spend is expected to more than quadruple by 2020, reaching approximately $402 billion a year, according to a new CVS Caremark report released today.

November 20, 2013

CVS/pharmacy unveiled during a New York City press event on Wednesday the spring 2014 collection of its exclusive Nuance Salma Hayek line.

WOONSOCKET, R.I. — CVS/pharmacy unveiled during a New York City press event on Wednesday the spring 2014 collection of its exclusive Nuance Salma Hayek line.