CVS

headshot - CVS Health President and CEO Karen Lynch

Update: CVS plans to sell Omnicare’s long-term care pharmacy business, saying it’s ‘no longer a strategic asset’

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Karen Lynch, President and CEO of CVS Health Woonsocket, RI-based CVS Health, plans to sell its Cincinnati-based long-term care pharmacy business, Omnicare, reporting a $2.5 billion loss in the third quarter, the company announced Wednesday. . “We continue to strategically evaluate our portfolio and make decisions on assets that do not strategically fit our portfolio. …

Update: CVS plans to sell Omnicare’s long-term care pharmacy business, saying it’s ‘no longer a strategic asset’ Read More »

CVS and Walgreens agree to $10 billion tentative settlements over opioid cases. Walmart would also settle | CNN

CVS and Walgreens agree to $10 billion tentative settlements over opioid cases. Walmart would also settle | CNN

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CNN — CVS and Walgreens tentatively agreed to pay $10 billion to settle lawsuits brought by states and local governments alleging retailers mishandled opioid painkiller prescriptions. Walmart also tentatively agreed to pay $3 billion to settle similar lawsuits, Bloomberg reported, citing people familiar with the matter. The deal will not be finalized until enough states, …

CVS and Walgreens agree to $10 billion tentative settlements over opioid cases. Walmart would also settle | CNN Read More »