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CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com.
The company was listed on NASDAQ on the ticker symbol ALLI. In October 2009, the company was acquired by the private equity firm HIG Capital for $6.60/share in a deal valued at $278 million. [7] The MOMS Pharmacy division of Allion Healthcare was acquired by the AIDS Healthcare Foundation in 2012. [8]
CVS Pharmacy Inc. is being sued by the U.S. Department of Justice for allegedly filling illegal prescriptions and seeking reimbursement from federal health care programs for unlawful medications ...
CVS Pharmacy is revamping the way it reimburses its pharmacies for prescription medications, which it says will bring more transparency and simplicity to its drug pricing system, the company ...
CVS drugstores will start using the new model in 2025. Another company, Express Scripts, made a similar announcement in November, launching a cost-based drug pricing model that will launch in 2024 ...
CVS Pharmacy fills more than one of every five prescriptions in the United States, and 85% of U.S. population lives within 10 miles of a CVS Pharmacy. [44] The ExtraCare loyalty program boasts over 70 million cardholders, making it the largest retail loyalty program in the country.
In May 2018, a whistleblower lawsuit was filed against CVS Caremark alleging fraud by charging Medicaid and Medicare customers more for their prescriptions than was appropriate. [ 17 ] [ 18 ] In January 2019, Walmart announced that it would no longer use CVS Caremark as its pharmacy benefit manager.
(Reuters) -The U.S. Department of Justice announced a lawsuit on Wednesday accusing pharmacy chain CVS of filling illegal opioid prescriptions and billing federal health insurance programs ...
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