CVS

Top Executive At CVS Resigns

Dec 14, 2017
RIPR File Photo

 

A top executive at CVS Health has left the company.

Lynn Arditi / RIPR

Job cuts often follow mergers, such as the deal for CVS Health to purchase the insurance company Aetna.  But CVS Chief Executive Officer Larry Merlo says this deal may be an exception.  

John Phelan / CC BY 3.0

CVS Health’s chief executive says the Woonsocket-based company’s $69 billion bid to acquire health insurer Aetna will be good for consumers – and Rhode Island’s governor seems to agree.

But health industry experts say there are reasons to be skeptical.

Connecticut Takes A Look At Aetna's New Future

Dec 5, 2017
Montgomery County Planning Commission / CC BY 2.0 VIA FLICKR

Connecticut is calculating the potential impact of the new mega-merger announced by health insurer Aetna and pharmacy chain CVS. 

RIPR File Photo

Rhode Island-based pharmacy chain CVS is set to acquire the health insurance provider Aetna for $69 billion. The boards of both companies have voted to approve the deal, which still needs approval from federal regulators. The merger raises questions about the future of the two companies, as well as the future of healthcare in America. 

Calmon1 / CC BY 3.0 Via Wikimedia

CVS Health has reportedly agreed to buy Aetna, the nation’s third-largest health insurer for $69-billion.

CVS is a lot more than a pharmacy. The Woonsocket-based company operates a giant retail chain – including 69 Rhode Island stores that sell everything from shampoo to potato chips. 

CVSHealth To Lay Off 250 In Rhode Island

Nov 3, 2016

Rhode Island-based CVSHealth says it will be laying off hundreds of employees across the country. That includes about 250 positions in Rhode Island.

Wikimedia Commons

A new study finds mixed health results from CVS pharmacies’ decision to stop selling tobacco products. 

Harvard Professor Reginald Tucker-Seeley, Ph.D,  says when it’s easier to get tobacco in your neighborhood, more people smoke. So when CVS pharmacies stopped selling cigarettes, Tucker-Seeley wondered whether that might be good for all Rhode Islanders. He found that in neighborhoods with high rates of poverty and a greater percentage of black and Latino residents, there just weren’t as many CVS pharmacies. But there were plenty of other tobacco retailers.

Can Pharmacies Help Reduce Overdose Deaths?

Aug 6, 2015
Kristin Gourlay / RIPR

Can pharmacies play a bigger role to prevent death from drug overdose? That’s the question researchers from Rhode Island and Massachusetts hope to answer thanks to a new $1.3 million dollar federal grant from the federal Agency for Healthcare Research and Quality. 

The team plans to figure out how pharmacies can promote the use of a drug called naloxone (sometimes called Narcan).

URI Pharmacy Dean: CVS/Target Deal Could Help Consumers

Jun 15, 2015
Kristin Gourlay / RIPR

Woonsocket-based CVS Health says it’s paying nearly $2 billion dollars to take over Target’s pharmacies and walk-in clinics. The deal adds more than 1600 pharmacies and nearly 100 walk-in clinics to CVS’s growing portfolio nationwide.

                                                      

file/CVS Health

Woonsocket-based CVS Health has agreed to acquire a provider of nursing home pharmacy services. The acquisition of Omnicare expands a growing line of business for the pharmacy giant.

file/CVS Health

It’s been a year since CVS Health announced it would remove cigarettes from its stores. The Woonsocket-based company is marking the day by making a donation to the Campaign for Tobacco-Free Kids.

The $5 million donation over five years will go toward programs that reduce tobacco use by kids and reduce their exposure to secondhand smoke. The first grants will be announced March 18th on “Kick Butts Day.”

CVS To Hire Some 100 At Woonsocket Headquarters

Jan 21, 2015
CVS Health

Woonsocket based CVS/Health plans to hire some 100 employees at their digital center in Rhode Island.  This comes as the company plans to open a second digital center in Boston.

Governor-elect Gina Raimondo joins Bonus Q+A to talk about the ongoing state pension dispute, HealthSourceRI, CVS' decision to develop a new technology center in Boston, the Rhode Map controversy, and more.

Ian Donnis/File Photo / RIPR

Governor-elect Gina Raimondo joins Political Roundtable this week to discuss her pre-inaugural focus, plans for confronting budget deficits, how she'll work with the General Assembly, and more.

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