CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive, CVS announced Friday (Oct. 18). “The board believes this is the right time to make a change,...
In the high-stakes world of healthcare retail, CVS Health finds itself at a crossroads, navigating turbulent waters amid investor pressures and a stock price that seems to be on a downward spiral. As the pharmacy giant embarks on a strategic review, including possibly splitting its...
CVS Health is reportedly meeting with a top investor on ways to enhance its business. The pharmacy/healthcare chain was set to meet Monday (Sept. 30) with hedge fund Glenview Capital Management, the Wall Street Journal (WSJ) reported, citing sources with knowledge of the matter. According...
CVS Health grew its revenues by 2.6% in the second quarter, crediting this year-over-year improvement in part to its growing number of digital customers, its offering of biosimilar prescriptions and its closure of underperforming stores. “We extended our digital reach with nearly 60 million unique...
January 22, 2024
Loyalty programs have become a ubiquitous part of the retail landscape, offering consumers enticing rewards and incentives for sticking with their favorite brands. However, as retailers expand their offerings, the proliferation of multiple loyalty programs can complicate the consumer experience and pose challenges for both customers and retailers. CVS Pharmacy, the retail division of CVS Health, […]
October 18, 2024
CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive, CVS announced Friday (Oct. 18). “The board believes this is the right time to make a change, and we are confident that David is the right person […]
September 30, 2024
CVS Health is reportedly meeting with a top investor on ways to enhance its business. The pharmacy/healthcare chain was set to meet Monday (Sept. 30) with hedge fund Glenview Capital...
August 07, 2024
CVS Health grew its revenues by 2.6% in the second quarter, crediting this year-over-year improvement in part to its growing number of digital customers, its offering of biosimilar prescriptions and...
May 16, 2024
CVS Pharmacy, the retail division of CVS Health, launched a new store brand for snacks, beverages and groceries. The new Well Market brand features nutrition options, bold flavors, recyclable packaging and selections that meet...
