Content about Caremark Rx

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 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 CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, on Tuesday announced the 25 organizations that will receive $1,000 in grants as a part of CVS Caremark's #GivingTuesday initiative, which invited CVS Caremark colleagues to nominate an organization in their community to receive a grant from the CVS Caremark Charitable Trust.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, on Tuesday announced the 25 organizations that will receive $1,000 in grants as a part of CVS Caremark's #GivingTuesday initiative, which invited CVS Caremark colleagues to nominate an organization in their community to receive a grant from the CVS Caremark Charitable Trust.

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 22, 2013

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, will provide $25,000 in grants in honor of #GivingTuesday, a national movement when charities, individuals, schools, businesses and other community organizations will come together on Dec. 3 to create a national day of giving back.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, will provide $25,000 in grants in honor of #GivingTuesday, a national movement when charities, individuals, schools, businesses and other community organizations will come together on Dec. 3 to create a national day of giving back.

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 18, 2013

CVS Caremark has announced the appointment of Tracy Bahl as EVP, health plans, leading the teams responsible for supporting health plan clients and offering health plans guidance to help them navigate the evolving health care marketplace.

WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Tracy Bahl as EVP, health plans, leading the teams responsible for supporting health plan clients and offering health plans guidance to help them navigate the evolving health care marketplace.

November 18, 2013

CVS/pharmacy has announced its annual in-store fundraiser for the 10th year to support the St. Jude Children's Research Hospital Thanks and Giving campaign, a holiday program to raise awareness and funds for the research and care provided at St. Jude.

WOONSOCKET, R.I. — CVS/pharmacy has announced its annual in-store fundraiser for the 10th year to support the St. Jude Children's Research Hospital Thanks and Giving campaign, a holiday program to raise 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 $37 million to support St. Jude.

November 15, 2013

CVS Caremark and the New England Patriots teamed up for an early Veterans Day tribute on Nov. 9 at Gillette Stadium’s Dana-Farber Field House.

WOONSOCKET, R.I. — CVS Caremark and the New England Patriots teamed up for an early Veterans Day tribute on Nov. 9 at Gillette Stadium’s Dana-Farber Field House.

November 15, 2013

CVS Caremark has announced the appointment of William Shrank as chief scientific officer and chief medical officer, provider innovation and analytics. In this role, Shrank will oversee the company’s overall research and clinical program development.

Why is this so important? Well, he’s a physician having previously practiced with Brigham Internal Medicine Associates. He also served as assistant professor at Harvard Medical School and served as director, research and rapid-cycle evaluation for the Center for Medicare & Medicaid Innovation at the Centers for Medicare & Medicaid Services. And what’s especially interesting to note — as highlighted by CVS Caremark — is that Shrank is “experienced in pharmaceutical outcomes research.”

CVS Caremark has announced the appointment of William Shrank as chief scientific officer and chief medical officer, provider innovation and analytics. In this role, Shrank will oversee the company’s overall research and clinical program development.

November 14, 2013

CVS Caremark is sponsoring the 2nd Annual Wake Forest Retail Innovation Challenge, which will be held at Wake Forest University School of Business in Winston-Salem, N.C., on Nov. 14 and 15.

WOONSOCKET, R.I. — CVS Caremark is sponsoring the 2nd Annual Wake Forest Retail Innovation Challenge, which will be held at Wake Forest University School of Business in Winston-Salem, N.C., on Nov. 14 and 15.

November 13, 2013

A new study conducted by researchers at CVS Caremark and Brigham and Women's Hospital explored the impact of genetic testing on prescribing patterns for cardiovascular therapy.

WOONSOCKET, R.I. — A new study conducted by researchers at CVS Caremark and Brigham and Women's Hospital explored the impact of genetic testing on prescribing patterns for cardiovascular therapy and found that there is an opportunity to improve upon the information physicians and patients receive on the evolving body of evidence for pharmacogenomics.

November 12, 2013

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust has announced a donation of $50,000 to the American Red Cross in support of relief efforts underway in the Philippines following this weekend's devastating Typhoon, which has impacted an estimated 4.3 million people in 36 provinces, with a potential total donation of up to $100,000 through the matching of CVS Caremark employee donations.

November 12, 2013

CVS Caremark has announced the appointment of William Shrank as chief scientific officer and chief medical officer, provider innovation and analytics.

WOONSOCKET, R.I. — CVS Caremark has announced the appointment of William Shrank as chief scientific officer and chief medical officer, provider innovation and analytics.

In this role, Shrank will focus on the development of innovative pharmacy solutions to help improve the quality of care while lowering costs in order to help health care providers deliver services to distinct patient populations.

November 8, 2013

You could call it a who’s who of the industry.

With a record-breaking crowd expected on hand, The Drug Store News Group has assembled an all-star lineup of some of the leading retail merchants and marketers in the industry for its 15th annual Industry Issues conference next month.

You could call it a who’s who of the industry.

With a record-breaking crowd expected on hand, The Drug Store News Group has assembled an all-star lineup of some of the leading retail merchants and marketers in the industry for its 15th annual Industry Issues conference next month. All that and brand-building genius and TV celebrity Daymond John of ABC’s “Shark Tank” will deliver the exclusive lunchtime keynote.

November 8, 2013

The drug store sector makes for a sound investment for investors of all stripes, according to a Motley Fool report published Thursday.

NEW YORK — The drug store sector makes for a sound investment for investors of all stripes, according to a Motley Fool report published Thursday

In early morning trading Friday, CVS stock traded at $63.59, up 4 cents; Walgreens at $59.16, down 4 cents; and Rite Aid at $5.17, up 4 cents. 

November 7, 2013

CVS Caremark announced on Thursday that its Pharmacy Advisor Counseling program has been awarded Health Call Center accreditation from URAC, a Washington, D.C.-based health care accrediting organization that establishes quality standards for the healthcare industry.

WOONSOCKET, R.I. — CVS Caremark announced on Thursday that its Pharmacy Advisor Counseling program has been awarded Health Call Center accreditation from URAC, a Washington, D.C.-based health care accrediting organization that establishes quality standards for the healthcare industry.

This represents the first time that CVS Caremark has received the Health Call Center accreditation and the second accreditation that the Pharmacy Advisor Counseling program has received this year.

November 5, 2013

CVS Caremark, which posted solid third quarter across its enterprise, is well-positioned to benefit from the rapidly changing healthcare environment. That was a key message that CVS Caremark president and CEO Larry Merlo had for analysts Tuesday morning during the company’s third-quarter conference call.

WOONSOCKET, R.I. — CVS Caremark, which posted solid third-quarter results across its enterprise, is well-positioned to benefit from the rapidly changing healthcare environment. That was a key message that CVS Caremark president and CEO Larry Merlo had for analysts Tuesday morning during the company’s third-quarter conference call.

November 5, 2013

CVS Caremark posted “solid” results during its third quarter and its MinuteClinic business was no exception.

WOONSOCKET, R.I. — CVS Caremark posted “solid” results during its third quarter, and its MinuteClinic business was no exception.

During the quarter ended Sept. 30, the retail clinic business enjoyed revenue growth of 18%.

From a comp perspective, MinuteClinic has, most recently, been comping in the teens to low 20s, Dave Denton, EVP, CFO, controller and chief accounting officer, told analysts during the company’s third-quarter conference call Tuesday morning.

October 31, 2013

As part of its philanthropic mission, the CVS Caremark Charity Classic is hosting a series of golf clinics for veterans of all abilities.

WOONSOCKET, R.I. — As part of its philanthropic mission, the CVS Caremark Charity Classic is hosting a series of golf clinics for veterans of all abilities. Working in partnership with the nonprofit organization Golf For All, the first clinic will take place Nov. 1.

October 25, 2013

In recognition of National Prescription Drug Take Back Day being held Oct. 26, CVS/pharmacy has launched the CVS/pharmacy Medication Disposal for Safer Communities Program.

WOONSOCKET, R.I. — In recognition of National Prescription Drug Take Back Day being held Oct. 26, CVS/pharmacy has launched the CVS/pharmacy Medication Disposal for Safer Communities Program.

The new program is designed to provide police departments across the country with an easy way to team up with CVS/pharmacy locations in their area to hold National Drug Take Back Day events or to help raise community awareness of local drug disposal programs managed by law enforcement.