CVS Health reports second quarter results; diversified assets deliver strong enterprise results

Top of the article
Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
0
Display Hero
Off
Audience

CVS Health Corporation to hold second quarter 2020 earnings conference call

CVS Health Corporation to hold second quarter 2020 earnings conference call
Top of the article

WOONSOCKET, R.I. — CVS Health Corporation ("CVS Health") (NYSE:CVS) will hold a conference call with analysts and investors on Wednesday, August 5, 2020, at 8:00 a.m. (ET) to discuss its financial results for the second quarter of 2020.

An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Health website for all interested parties. To access the webcast, visit http://investors.cvshealth.com. This webcast will be archived and available on the website for a one-year period following the conference call.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings - from HealthHUB locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at http://www.cvshealth.com.

Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
1
Display Hero
Off
Audience

CVS Health Corporation announces quarterly dividend

Top of the article

WOONSOCKET, R.I. — CVS Health Corporation (NYSE: CVS) today announced that its board of directors has approved a quarterly dividend of $0.50 (50 cents) per share on the corporation’s common stock. The dividend is payable on August 3, 2020, to holders of record on July 23, 2020.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We’re evolving based on changing consumer needs and meeting people where they are, whether that’s in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings – from HealthHUB® locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions - are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we’re transforming health at http://www.cvshealth.com.

Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
0
Display Hero
Off
Audience

CVS Health to present at Goldman Sachs 41st Annual Global Healthcare Conference

CVS Health to present at Goldman Sachs 41st Annual Global Healthcare Conference
Top of the article

WOONSOCKET, R.I. — CVS Health Corporation (NYSE: CVS) today announced that Eva Boratto, Executive Vice President and Chief Financial Officer, and Karen Lynch, Executive Vice President and President of Aetna, will be participating in a fireside chat with investors at the Goldman Sachs 41st Annual Healthcare Conference on June 10, 2020, at approximately 8:00 AM ET.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings from HealthHUB locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions - are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at http://www.cvshealth.com.

Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
3
Display Hero
Off
Audience

CVS Health establishes 1,000 COVID-19 test sites across the country

CVS Health establishes 1,000 COVID-19 test sites across the country
Top of the article

Successfully delivers on commitment to meaningfully expand access to testing

WOONSOCKET, R.I. — Delivering on a commitment the company made in April, CVS Health (NYSE: CVS) will open additional COVID-19 test sites at select CVS Pharmacy drive-thru locations on Friday, May 29 to establish a total of 1,000 sites across more than 30 states and Washington, DC.

"It's no small feat to operationalize 1,000 test sites in weeks under trying circumstances, which is a credit to our employees and their unwavering commitment to being part of the solution," said Larry J. Merlo, President and CEO, CVS Health. "Our testing strategy will continue to evolve and make the most effective use of our resources as we work to help safely re-open the economy."

Since first offering COVID-19 testing at a pilot site outside a CVS Pharmacy in Shrewsbury, Mass., in mid-March, the company has performed nearly 200,000 tests nationwide. Beginning in June, CVS Health has a goal of processing up to 1.5 million tests per month subject to availability of supplies and lab capacity.

More than half of the company's 1,000 test sites will serve communities with the greatest need for support, as measured by the Centers for Disease Control and Prevention (CDC) Social Vulnerability Index. The index tracks a variety of census variables including poverty, lack of access to transportation, and crowded housing that may weaken a community's ability to prepare for and recover from hazardous events like natural disasters and disease outbreaks.

"Through our network of physicians, including our state and local associations/societies, we have been encouraging community members to use the hundreds of COVID-19 testing sites that CVS Health has established across the country, and have been providing information on how to slow the spread of the virus," said Dr. Oliver T. Brooks, President of the National Medical Association. "We will continue to work together to increase access to COVID-19 testing, particularly to underserved communities that are being disproportionately impacted by the pandemic."

Self-swab tests at participating CVS Pharmacy drive-thru locations will be available to individuals meeting CDC and state criteria who register in advance at CVS.com to schedule an appointment. Testing will not take place inside any CVS Pharmacy, MinuteClinic or HealthHUB locations, which remain open to serve customers and patients. Tests will be sent to an independent, third-party lab for processing and the results will be available in approximately three days.

More information on steps CVS Health has taken to address the COVID-19 pandemic, including support for health care providers and clinicians facing financial and administrative strain, is available at the company's frequently updated COVID-19 resource center.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings from HealthHUB locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at www.cvshealth.com.

Media contact

T.J. Crawford
212-457-0583
crawfordt2@aetna.com

A CVS pharmacists speaks to a customer in the drive-thru at a CVS Pharmacy location.
Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
8
Display Hero
On
Audience

CVS Health reports first quarter results, provides update on COVID-19 response

CVS Health reports first quarter results, provides update on COVID-19 response
Top of the article
Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
4
Display Hero
Off
Audience

CVS Health Corporation to hold first quarter 2020 earnings conference call

CVS Health Corporation to hold first quarter 2020 earnings conference call
Top of the article

WOONSOCKET, R.I. — CVS Health Corporation ("CVS Health" or the "Company") (NYSE:CVS) will hold a conference call with analysts and investors on Wednesday, May 6, 2020, at 8:00 a.m. (ET) to discuss its financial results for the first quarter of 2020.

An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Health website for all interested parties. To access the webcast, visit http://investors.cvshealth.com. This webcast will be archived and available on the website for a one-year period following the conference call.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings - from HealthHUB locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at http://www.cvshealth.com.

Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
0
Display Hero
Off
Topics

CVS Health Corporation to hold virtual-only annual meeting of stockholders

CVS Health Corporation to hold virtual-only annual meeting of stockholders
Top of the article

WOONSOCKET, R.I. — CVS Health Corporation (NYSE: CVS) today announced that, by order of its Board of Directors, its 2020 Annual Meeting of Stockholders (the "Annual Meeting") will now be held solely by remote communication. This decision was made as a result of the public health threat caused by the coronavirus ("COVID-19") pandemic in the U.S., mandated limits on public gatherings and to protect the health and safety of our stockholders and employees.

The Annual Meeting will be held at 8:00 AM Eastern Time on May 14, 2020 and will be conducted solely by remote communication through a live, online audio webcast. Stockholders will not be able to attend the Annual Meeting in person. Stockholders of record as of the close of business on March 18, 2020 will be able participate in, vote at and ask questions during the Annual Meeting through the webcast.

CVS Health stockholders can access the live, online webcast and participate in the following ways:

  • Visit the Annual Meeting platform at www.virtualshareholdermeeting.com/CVS2020 and enter the 16-digit control number included on your proxy card or voting instruction form that accompanied your previously distributed proxy materials.

  • On May 14, 2020, the day of the Annual Meeting, log into the Annual Meeting platform at www.virtualshareholdermeeting.com/CVS2020 beginning at 7:45 AM Eastern Time to participate in the meeting. The Annual Meeting is expected to begin promptly at 8:00 AM Eastern Time.

  • Vote during the Annual Meeting by following the instructions available on the Annual Meeting platform.

  • Presentation materials will be posted on www.cvshealth.com/investors prior to the commencement of the Annual Meeting and will be available on the Annual Meeting platform during the Annual Meeting, as well as during the post-Annual Meeting presentation and question and answer session.

  • To submit a question during the session, log into the Annual Meeting platform at www.virtualshareholdermeeting.com/CVS2020, type your question into the "Ask a Question" field and click "Submit."

  • If you encounter any technical difficulties on the date of the Annual Meeting, technical support will be available on the Annual Meeting platform at www.virtualshareholdermeeting.com/CVS2020 beginning at 7:45 AM Eastern Time on May 14, 2020 and will remain available until the Annual Meeting and the post-Annual Meeting presentation and question and answer session has ended.

Please note that the proxy card and voting instruction form included with previously distributed proxy materials will not be updated to reflect the change in the place of the Annual Meeting from an in-person meeting at a physical location to a meeting conducted solely by remote communication, and it may be used to vote shares in connection with the Annual Meeting.

Whether or not stockholders plan to attend the Annual Meeting by visiting the Annual Meeting platform, we urge stockholders to vote and submit their proxies in advance of the Annual Meeting by one of the methods described in the proxy materials for the Annual Meeting.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings from HealthHUB locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions - are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at http://www.cvshealth.com.

Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
0
Display Hero
Off

CVS Health Corporation announces quarterly dividend

Top of the article

WOONSOCKET, R.I. — CVS Health Corporation (NYSE: CVS) today announced that its board of directors has approved a quarterly dividend of $0.50 (50 cents) per share on the corporation's common stock. The dividend is payable on May 4, 2020, to holders of record on April 23, 2020.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings - from HealthHUB® locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions – are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at http://www.cvshealth.comhttps://www.cvshealth.com.

Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
2
Display Hero
Off
Audience

CVS Pharmacy signs agreement to acquire, rebrand and operate Schnucks Pharmacies

CVS Pharmacy signs agreement to acquire, rebrand and operate Schnucks Pharmacies
Top of the article

CVS Pharmacy to acquire 110 pharmacies in Midwest

WOONSOCKET, R.I. — CVS Pharmacy, Inc., a subsidiary of CVS Health Corporation (NYSE: CVS), and Schnucks announced today that they have entered into a definitive agreement for CVS Pharmacy and certain of its subsidiaries to acquire Schnuck Markets Inc.'s retail and specialty pharmacy businesses.

Through this agreement, CVS Pharmacy and its subsidiaries will acquire and operate 99 of the grocer's pharmacies and will brand them as CVS Pharmacy. Additionally, CVS Pharmacy and its subsidiaries will acquire the prescription files from 11 Schnucks pharmacies and transfer them to nearby CVS Pharmacy locations.

This strategic relationship brings together one of the leading grocers in the Midwest region with CVS Pharmacy's innovative pharmacy services and clinical expertise to enhance the overall health care experience and continue to provide a convenient option for Schnucks customers. The relationship also provides CVS Health with a capital-efficient way to expand into key areas.

"We have great admiration for Schnucks and believe CVS Pharmacy can bring additional clinical services to its customers. One of CVS Health's strategic imperatives is to Be Local. By opening CVS Pharmacy locations within Schnucks stores, we're increasing access to high quality care and meeting customers where they are. Schnucks is a best-in-class grocer and we're honored to partner with them to bring our best-in-class pharmacy capabilities to their customers," said Jon Roberts, executive vice president and chief operating officer, CVS Health.

In 2014, CVS Pharmacy became the first and only major retail pharmacy to remove tobacco from its shelves. Schnucks stores became tobacco free as of January 1, 2020. Schnucks' decision to exit tobacco further aligns the company with CVS Health.

"As Schnucks continues to expand our emphasis on health and wellness, this collaboration with CVS is an opportunity for us to align with a company that has a similar focus," said Todd Schnuck, chairman and chief executive officer of Schnucks. "This partnership allows us to continue to provide quality pharmacy services to our customers in a manner they've come to expect, while supporting our mission to nourish people's lives. It also provides our pharmacy teammates an opportunity to further their careers with a premier retail pharmacy chain."

To provide continuity for Schnucks pharmacy customers, CVS Pharmacy will post all pharmacist and pharmacy technician positions, and will interview all Schnucks employees who apply. In-store changes will be rolled out over a period of several months after the completion of the transaction as CVS Pharmacy and Schnucks work to ensure the smoothest possible transition for all pharmacy patients.

Schnucks Specialty pharmacy patients will benefit from CVS Specialty's expertise in providing ongoing disease education, counseling and benefits verification, as well as coordination of care with multiple health care providers, comprehensive patient education and adherence management.

Following completion of the transaction, all Schnucks pharmacy customers will have access to CVS Pharmacy's leading pharmacy care programs, features of which include:

  • Opportunities for patients to manage their health with more ease and efficiency and gain access to programs that help them start and stay on their prescriptions while reducing overall health care costs. With the CVS Pharmacy app, patients can be notified when prescriptions are ready for pick-up and order refills digitally.

  • Simplification of medication management for patients with multiple prescriptions, through the utilization of the CVS Pharmacy ScriptPath Prescription Schedule, a tool that provides a complete picture of the patient's current CVS Pharmacy prescription information all in one place, including the name of each medication, when to take it, and how much medication to take in each dose.

The transaction is expected to be completed by end of the second quarter and is subject to customary closing conditions.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings from HealthHUB locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at http://www.cvshealth.com

About Schnucks

Founded in St. Louis in 1939, Schnuck Markets, Inc. is a third-generation, family-owned grocery and pharmacy retailer committed to nourishing people's lives. Schnucks operates 112 stores, serving customers in Missouri, Illinois, Indiana, Wisconsin, and Iowa, and employs 13,500 teammates. According to Forbes' 2019 rankings, Schnucks is the 155th largest privately-owned company in the United States and the 16th largest privately-owned grocer. Schnucks is committed to helping communities thrive and as a champion for reducing hunger, the company annually donates more than $16 million in food to pantries that help those in need. Follow Schnucks on Facebook at www.facebook.com/schnucks and LinkedIn at https://www.linkedin.com/company/schnuck-markets-inc-/.

Media Contact

Bill Durling
401-770-4029
William.durling@cvshealth.com

Hide Media Contacts (Sidebar)
No
Press Release
Hide Share
Off
"Likes" Count
5
Display Hero
Off
CSR Pillars
Audience