CVS Health Corp. said on Monday it expects to complete its acquisition of healthcare services company Signify Health this week, subject to certain conditions, potentially ending months of antitrust scrutiny on the $8 billion deal. CVS’ potential acquisitions of two healthcare service providers Signify and Oak Street Health, along with other such deals, have been…
CVS Buying Spree Continues With $10.6 Billion Oak Street Deal
CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion. The drugstore chain said Wednesday it would pay $39 per share in cash for each share of Oak Street in a deal expected to close this year. Oak Street runs care centers mostly for lower-to-middle…
Abortion Drug Distribution by Mail Violates State and Federal Law, 20 State AGs Warn CVS and Walgreens
Twenty Republican state attorneys general sent letters to CVS and Walgreens pharmacies, warning them that distributing abortion medication through the mail violates state and federal laws. The attorneys general, led by Missouri Attorney General Andrew Bailey, warned the pharmacy giants that they could face legal consequences if they move forward with their distribution plan. Bailey…
Walmart, CVS Health Adjust Pharmacy Hours Amid Labor Crunch
Walmart Inc. said on Friday it would adjust working hours for its U.S. pharmacy team and implement it nationwide in 4,600 locations, with drugstore operator CVS Health Corp. doing the same for about two-thirds of its retail pharmacies, amid a tight labor market. The United States has been experiencing a nationwide labor shortage since the…
CVS, Walgreens Cap Purchase of Children’s Pain Medicines Amid Increased Demand, Rise in Flu Cases
A number of U.S. health stores have moved to limit purchases of children’s pain and fever medication amid increased demand as cases of flu and other respiratory illnesses spike across the country. Pharmacy chains CVS and Walgreens confirmed the limits on purchases amid increased demand as the United States experiences one of the worst flu seasons in…
CVS, Walgreens Finalize $10B in Settlements Over Opioids
CVS and Walgreens have agreed to pay state and local governments a combined total of more than $10 billion to settle lawsuits over the toll of opioids and now want to know by Dec. 31 whether states are accepting the deals. States announced final details Monday of settlements that the two largest pharmacy chains in…
Terrell Owens Says Man He Punched at CVS Threatened Him, Fan
INGLEWOOD, Calif.—Retired NFL star Terrell Owens said a fight caught on camera in which he punched a man in a CVS parking lot was the result of an “aggressor” threatening him and a fan he was talking to at the California store. Owens, 48, told The Associated Press in a statement that he acted in…
CVS, Walgreens Agree to Pay Nearly $10 Billion in Settlements to Resolve Opioid Lawsuits
Pharmacy store chains CVS and Walgreens announced on Wednesday they have agreed to pay a total of nearly $10 billion to “substantially resolve” various opioid-related lawsuits launched against them. CVS and Walgreens are the two largest pharmacy chains in the United States by market share. The settlements, if finalized, would be the first nationwide deal reached…
CVS, Walmart Reach $147.5 Million Opioid Settlement With West Virginia
CVS Health Corp. and Walmart Inc. have agreed to pay $147.5 million to settle West Virginia’s claims over their alleged roles in the state’s opioid crisis, state attorney general Patrick Morrisey said Tuesday. West Virginia had been prepared to proceed to trial on Sept. 26 against those two companies and Walgreens Boots Alliance. The state…
Rite Aid, CVS Issue Product Restrictions After Supreme Court’s Roe v. Wade Decision
Several national pharmacy chains said they’re imposing purchase limits on emergency contraception known as “morning-after pills” after a surge in demand after the Supreme Court’s ruling striking down Roe v. Wade. CVS and Rite Aid told the Wall Street Journal and other news outlets on Tuesday that they will place limits on buying Plan B, One-Step, and Aftera medications—which…
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