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(Reuters) -CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs.
In 2021, CVS Health announced that it would close around 900 stores between 2022 and 2024. “Our industry faces continued disruption, regulatory pressures and evolving consumer needs and ...
(Reuters) -Some employees at CVS Health Corp and Walgreens Boots Alliance's U.S. pharmacies launched a three-day walkout starting Monday to push the companies to improve working conditions and add ...
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In 2020, Massachusetts CVS stores lost controlled substances at a rate several times higher than other pharmacy chains. [93] CVS was fined $5 million by the federal government in 2017 for controlled substance losses and other violations in California pharmacies, and $1.5 million in 2018 for failing to report losses from New York pharmacies. [93]
In January 2019, Walmart announced that it would no longer use CVS Caremark as its pharmacy benefit manager. [19] In January 2020, CVS Caremark announced RxZero, a program that would allow patients with diabetes to pay no copays. [20] In February 2020, Alan Lotvin was appointed president of CVS Caremark. [21]
CVS CEO Larry Merlo had been named to run the combined company. [30] 2018: In November, CEO Larry Merlo told USA Today that the drugstore chain plans to renovate its stores to focus more on health care and less on retail following its merger with the health insurance company Aetna. The new strategy is to offer medical services along with ...