CVS Health turned in a better-than-expected first quarter as revenue grew from all parts of its business. The forecast cut on Wednesday came a day after CVS Health said it completed a roughly $10.6 billion acquisition of primary care provider Oak Street Health that it had just announced in February. After closing the deals, CVS Health said Wednesday that it …
CVS Health booked a third-quarter loss of more than $3 billion after setting aside money for a potential opioid litigation deal but still beat expectations and raised its 2022 forecast. CVS Health also recorded a $2.5 billion loss in the quarter on assets held for sale to write down the company’s struggling Omnicare long-term care business. CVS Health also saw …
COVID-19 vaccines and the return of customers to stores helped push CVS Health well past fourth-quarter earnings expectations. The pandemic’s impact was clear in the recently concluded fourth quarter, which saw CVS Health’s profit jump 34% to $1.31 billion compared with the final quarter of 2020. The largest revenue generator for CVS, the pharmacy benefit management business, processed more pharmacy …
