Content about Eastern United States

December 27, 2013

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.

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.

April 9, 2014

As the cost for specialty medications continues to rise, implementing an effective "channel transition" approach — the process of moving prescriptions from the medical benefit to the pharmacy benefit — can produce significant savings for healthcare payers by improving management of these complex and costly drugs, according to a new report commissioned by CVS Caremark.

WOONSOCKET, R.I. — As the cost for specialty medications continues to rise, implementing an effective "channel transition" approach — the process of moving prescriptions from the medical benefit to the pharmacy benefit — can produce significant savings for healthcare payers by improving management of these complex and costly drugs, according to a new report commissioned by CVS Caremark.

April 8, 2014

CVS Caremark announced on Tuesday that it has finalized with the Securities and Exchange Commission a settlement that was previously announced in August 2013.

WOONSOCKET, R.I. — CVS Caremark announced on Tuesday that it has finalized with the Securities and Exchange Commission a settlement that was previously announced in August 2013.

The settlement was entered into on a "no admit or deny basis" and will not require CVS Caremark to restate its earnings for any reporting period. The company stated that the matter is now fully resolved.

April 3, 2014

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, has announced the recipients of nearly 70 grants awarded to free and charitable clinics, school-based health centers and community health centers as part of a $5 million commitment to increase access to health care in communities nationwide.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, has announced the recipients of nearly 70 grants awarded to free and charitable clinics, school-based health centers and community health centers as part of a $5 million commitment to increase access to health care in communities nationwide through partnerships with the National Association of Free and Charitable Clinics, the School-Based Health Alliance and the National Association of Community Health Centers.

March 26, 2014

CVS Caremark has been awarded a three-year contract to provide integrated PBM for the Blue Cross and Blue Shield Government-wide Service Benefit Plan, also known as the Federal Employee Program.

WOONSOCKET, R.I. — CVS Caremark has been awarded a three-year contract to provide integrated PBM for the Blue Cross and Blue Shield Government-wide Service Benefit Plan, also known as the Federal Employee Program.

March 5, 2014

CVS Caremark’s MinuteClinic and Main Line Health have signed a clinical collaboration to enhance access to high-quality healthcare services at MinuteClinic locations in southeastern Pennsylvania.

WOONSOCKET, R.I. and RADNOR, Pa. — CVS Caremark’s MinuteClinic and Main Line Health have signed a clinical collaboration to enhance access to high-quality healthcare services at MinuteClinic locations in southeastern Pennsylvania.

February 13, 2014

New research conducted by CVS Caremark and Brigham and Women's Hospital identifies five key features of Value-Based Insurance Design plans that are associated with the greatest impact on medication adherence.

WOONSOCKET, R.I. — New research conducted by CVS Caremark and Brigham and Women's Hospital identifies five key features of Value-Based Insurance Design plans that are associated with the greatest impact on medication adherence.

The study, which is published online Thursday in Health Affairs and also will appear in the journal's March issue, was funded by a grant from the Robert Wood Johnson Foundation's Changes in Health Care Financing and Organization Initiative.

February 11, 2014

CVS Caremark released on Tuesday fourth-quarter results, which came in at the high end of expectations and helped produce a record year, but as expected, among the key topics of discussion during the conference call with analysts was the company’s recent decision to stop selling tobacco products in all of its stores by Oct. 1.

WOONSOCKET, R.I. — CVS Caremark released on Tuesday fourth-quarter results, which came in at the high end of expectations and helped produce a record year, but as expected, among the key topics of discussion during the conference call with analysts was the company’s recent decision to stop selling tobacco products in all of its stores by Oct. 1.

February 5, 2014

CVS Caremark will participate in the American Heart Association's National Wear Red Day on Feb. 7, by encouraging colleagues at 7,600 CVS/pharmacy locations nationwide to wear red and create awareness of the battle against heart disease in women.

WOONSOCKET, R.I. — CVS Caremark will participate in the American Heart Association's National Wear Red Day on Feb. 7, by encouraging colleagues at 7,600 CVS/pharmacy locations nationwide to wear red and create awareness of the battle against heart disease in women.

January 28, 2014

Agilence, a provider of cloud-based exception reporting solutions, has announced that Brookshire Grocery has deployed Retail 20/20 reporting to reduce shrink and improve in-store operations.

MOUNT LAUREL, N.J. — Agilence, a provider of cloud-based exception reporting solutions, has announced that Brookshire Grocery has deployed Retail 20/20 reporting to reduce shrink and improve in-store operations.

"We needed a powerful reporting application to get the most out of our data and a team to help us drive it," stated John D'Anna, CIO for Brookshire Grocery. "After a six-month pilot, it was clear that Retail 20/20 was able to deliver a significant return on our investment."

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 13, 2014

New research conducted by CVS Caremark and Brigham and Women's Hospital confirms that optimal adherence to medications prescribed after a heart attack reduces hospital readmissions.

WOONSOCKET, R.I. — New research conducted by CVS Caremark and Brigham and Women's Hospital confirms that optimal adherence to medications prescribed after a heart attack reduces hospital readmissions.

The research was published in the January 2014 issue of the American Heart Journal.

January 7, 2014

During the holiday season, 81 area nonprofit organizations received funds from the CVS Caremark Charity Classic at a recently held presentation at CVS Caremark’s headquarters.

WOONSOCKET, R.I. — During the holiday season, 81 area nonprofit organizations received funds from the CVS Caremark Charity Classic at a recently held presentation at CVS Caremark’s headquarters.

As the largest charitable sporting event in Rhode Island that attracts world-class golfers, the tournament donated $1.3 million in 2013 to organizations across Southern New England, bringing the total support since 1999 to more than $17 million.

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 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.

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 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 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 18, 2013

CVS Caremark has awarded a $50,000 grant to Special Olympics to help expand the organization's Healthy Young Athletes program, which provides healthcare services and support, early childhood intervention and preventive education to children with intellectual disabilities ages 2 years to 7 years old, the pharmacy retailer has announced.

WOONSOCKET, R.I. — CVS Caremark has awarded a $50,000 grant to Special Olympics to help expand the organization's Healthy Young Athletes program, which provides healthcare services and support, early childhood intervention and preventive education to children with intellectual disabilities ages 2 years to 7 years old, the pharmacy retailer has announced.
 

September 26, 2013

CVS Caremark’s board of directors has elected former White House adviser Nancy-Ann DeParle to serve on its board, the company stated in a filing with the Securities and Exchange Commission.

WOONSOCKET, R.I. — CVS Caremark’s board of directors has elected former White House adviser Nancy-Ann DeParle to serve on its board, the company stated in a filing with the Securities and Exchange Commission.

DeParle will be an independent director and will serve on the board’s audit committee, according to the filing.

September 18, 2013

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, has announced a donation of more than $10,000 in support of families and communities that have been affected by the flash floods in Larimer and Boulder counties in north-central Colorado.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, has announced a donation of more than $10,000 in support of families and communities that have been affected by the flash floods in Larimer and Boulder counties in north-central Colorado. 

Since last week, areas of Colorado have been affected by heavy rains, which have displaced thousands of residents, destroyed nearly 20,000 homes and washed out roads, highways, bridges and communications lines.