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BOSTON — Global private equity firm Advent International has announced that Tom Ryan, former chairman and CEO of CVS Caremark, has joined the firm’s Operating Partner Program. In this role, Ryan will advise and work closely with Advent’s investment professionals to identify opportunities and generate post-investment value at retail and healthcare companies globally.

WOONSOCKET, R.I., and WASHINGTON — CVS Caremark has partnered with the Hispanic Heritage Foundation to identify, inspire and prepare young Latinos to join healthcare fields through a new healthcare category of the HHF Youth Awards program.

CVS Caremark may be highly focused on driving medication adherence, curbing rising healthcare costs and improving the health outcomes of its patients, but there’s no doubt that its retail segment remains a critical part of its business, as evidenced by the innovative initiatives playing out at the front end.


WOONSOCKET, R.I. — In honor of American Pharmacists Month, CVS Caremark is recognizing the role pharmacists and pharmacy technicians play in the U.S. healthcare system.

CVS Caremark said it will publicly recognize its more than 26,000 pharmacists and their commitment to patient care during the month of October with ads in industry trade publications and on its in-store radio network. What's more, the company also will salute its 50,000 pharmacy technicians later this month on Oct. 25, which is Pharmacy Technician Day.

WOONSOCKET, R.I., and NEEDHAM, Mass. — To curb avoidable hospital readmissions among seniors, CVS Caremark has teamed up with a provider of transitional care services to help these patients better manage and understand their medication regimens.

WOONSOCKET, R.I. — CVS/pharmacy held a grand opening event on Tuesday at its distribution center in Chemung, N.Y., which attracted federal, state and local officials to celebrate the occasion.

U.S. Senator Charles Schumer, U.S. Representative Thomas Reed, Lieutenant Governor Robert Duffy, New York State Senator Thomas O'Mara and New York State Assemblyman Christopher Friend were among those in attendance.

WOONSOCKET, R.I. — As consumers and patients increasingly use social media as a healthcare tool and resource, a survey by Harvard University, Brigham and Women's Hospital, and CVS Caremark researchers found a need to improve site guidelines, as there is great variability in the standards used to ensure a site effectively provides information and answers to important health-related questions.

WAYNE, Pa. — Former CVS/pharmacy product development manager Elizabeth Karvonen has joined the Emerson Group, where she will work on the beauty and personal care businesses at CVS/pharmacy.


Prior to joining the Emerson Group, Karvonen was a product development manager at CVS/pharmacy, where she developed private-label beauty and personal care products. In her first year, she developed more than 160 private-label products and was responsible for supply chain and logistics for the private-label beauty and personal care categories.

NEW YORK — Lumene, a beauty brand from Finland that came to the U.S. beauty market in 2003 through an exclusive deal with CVS/pharmacy, has announced that its new Sensitive Touch 5 Min SOS cream will be available at CVS/pharmacy in October.

LEBANON, Pa. — This CVS location in central Pennsylvania already has started touting the convenience and affordability in relation to its flu vaccination services. And they're not alone. Now that immunizing pharmacists can administer inoculations in all 50 states, the flu shot season represents a prime opportunity to raise awareness around other vaccines, including back-to-school vaccines and travel vaccines.

WOONSOCKET, R.I. — Hurricane Irene is expected to pummel the East Coast over the weekend, and CVS/pharmacy has announced that it is taking every step to prepare its stores and, if needed, help with recovery efforts.

WOONSOCKET, R.I. — CVS Caremark has announced the results of its previously announced solicitation of consents from the registered holders as of 5 p.m. Eastern time on Aug. 8 of its 6.125% senior notes due Aug. 15, 2016, to terminate the replacement capital covenant — which was entered into on May 25, 2007 — for the benefit of the holders of the notes in connection with the issuance of its 6.302% enhanced capital advantaged preferred securities due 2062.