CVS Health (NYSE: CVS) on Wednesday announced the company is buying Oak Street Health in a transaction valued at $10.6B. With the deal, CVS is gaining a new value-based primary care service line that connects older adults with primary and preventive care. Oak Street has 169 medical centers across 21 states. “This agreement will accelerate […]
CVS Health
1Konnection, a matchmaking platform to facilitate senior living and health care deals, has gained traction with a sizable user base and recently named a former Amazon Business employee to its leadership as the company prepares to expand its reach and offerings. “In the next few months — the next few quarters — we’re releasing a […]
CVS Health (NYSE: CVS) is exploring a range of strategic alternatives for long-term care pharmacy Omnicare that could include a sale, according to the company’s top leader. The retail and pharmacy giant recorded a pre-tax loss on assets held for sale of $2.5 billion to write down Omnicare. As such, CVS Health President and CEO […]
September has started with blockbuster health care news that carries major implications for the older adult market — and, by extension, the future of senior living. Giants of retail and insurance are behind the latest headlines: CVS Health — parent company of Aetna — is to acquire Signify Health in a transaction valued at about […]
CVS Health (NYSE: CVS) is acquiring in-home health care company Signify Health (NYSE: SGFY) in an $8 billion deal that will help lay the groundwork for future senior living transformation. The deal is expected to close in the first half of next year, with CVS Health acquiring the company for a price valued at about […]
With the first doses in the U.S. administered Monday, the senior living industry is close to distributing the Covid-19 vaccine among residents and staff. In fact, senior living residents and staff could start seeing the vaccine delivered to their communities as early as about a week from now, according to Dr. Ruth Link-Gelles, who is […]
Covid-19 vaccines could be coming to long-term care providers across the country at no cost as part of a deal between the U.S. government and two major retailers: Walgreens Boots Alliance (Nasdaq: WBA) and CVS Health (NYSE: CVS). Under the plan — which is dubbed the Pharmacy Partnership for Long-Term Care Program — CVS and […]
Long-term care pharmacy giant Omnicare and its parent company CVS Health (NYSE: CVS) are defendants in a federal lawsuit alleging that hundreds of thousands of drugs were improperly dispensed to senior housing residents over a period of years. The complaint, filed Tuesday by the Manhattan U.S. Attorney’s office, and an accompanying press release name-check several […]
Shares of pharmacy and insurance giant CVS Health (NYSE: CVS) dipped sharply Wednesday on the heels of a troubled Q4 2018 earnings report, which included a $2.2 billion impairment charge related to the company’s long-term care business. However, CVS Health executives are still bullish on the prospects for this division, particularly through expansion into independent […]
Subscribe
Receive industry updates and breaking news from SHN