CVS Health Corp
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Health Care : Health Care Providers & Services | Large Cap Value
Company profile

CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company. The Company provides pharmacy care for the senior community through Omnicare, Inc. (Omnicare) and Omnicare's long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings. It operates through three segments: Pharmacy Services, Retail/LTC and Corporate. The Pharmacy Services Segment provides a range of pharmacy benefit management (PBM) solutions to its clients. As of December 31, 2016, the Retail/LTC Segment included 9,709 retail locations (of which 7,980 were its stores that operated a pharmacy and 1,674 were its pharmacies located within Target Corporation (Target) stores), its online retail pharmacy Websites, CVS.com, Navarro.com and Onofre.com.br, 38 onsite pharmacy stores, its long-term care pharmacy operations and its retail healthcare clinics.

Price
Delayed
$63.88
Day's Change
0.9401 (1.49%)
Bid
--
Ask
--
B/A Size
--
Day's High
64.17
Day's Low
63.02
Volume
(Below Average)

Today's volume of 3,954,026 shares is on pace to be lower than CVS's 10-day average volume of 6,080,954 shares.

3,954,026

CVS Health Expands Testing Capabilities Amid Rise in COVID-19 Cases; Adds Seven Additional New Drive-Thru Test Sites in Wisconsin

8:00 am ET June 25, 2020 (PR Newswire) Print

In an ongoing effort to help slow the spread of the virus, CVS Health (NYSE: CVS) today expanded its COVID-19 testing program by announcing seven additional test sites at select CVS Pharmacy drive-thru locations across Wisconsin. The opening of additional test sites on Friday, June 26 add to the seven locations previously opened in Wisconsin.

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The opening of these new sites reflects the company's commitment to meeting ongoing demand for testing, as well as expanding testing capacity to respond to a surge in new COVID-19 cases. The nearly 200 additional test sites opening across the country this week are among the more than 1,400 locations CVS Health has opened since May and expand the company's testing capacity to more than 1.5 million tests per month, subject to availability of supplies and lab capacity.

In addition to the drive-thru sites, CVS Health has partnered with a number of community organizations to open eight rapid-response community testing sites across the country, which aim to increase access to testing for uninsured and underserved populations who are at highest risk for COVID-19.

"One of our greatest strengths as a company is our local presence in communities across the country, which enables us to uniquely expand people's access to safe and effective COVID-19 testing options and respond to a need for increased testing capacity," said Larry J. Merlo, President and CEO, CVS Health. "We continue to be grateful for the commitment of our frontline colleagues who make these testing sites possible and whose dedication has allowed us to keep our stores open for customers seeking supplies and patients who need care."

Nearly sixty percent of the company's 1,400 test sites across the country, including half of the sites in Wisconsin, are in counties that serve communities with the greatest need for support, as measured by the Centers for Disease Control and Prevention's 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.

Self-swab tests will be available to individuals meeting CDC criteria, in addition to state and age guidelines. Patients must register in advance at CVS.com to schedule an appointment. Patients will be required to stay in their cars and will be directed to the pharmacy drive-thru window or a location in the parking lot at a few stores, where they will be provided with a test kit and given instructions, and a CVS Pharmacy team member will observe the self-swab process to ensure it is done properly. Tests will be sent to an independent, third-party lab for processing, and the results will be available in approximately three days.

Testing will not take place inside any retail locations, and CVS Pharmacy, HealthHUB and MinuteClinic will continue to serve customers and patients.

The additional new testing sites in Wisconsin include:

-- CVS Pharmacy, 5740 South Packard Avenue, Cudahy, WI 53110

-- CVS Pharmacy, 5220 West Rawson Avenue, Franklin, WI 53132

-- CVS Pharmacy, 930 Main Street, Green Bay, WI, 54301

-- CVS Pharmacy, 6701 Mineral Point Road, Madison, WI 53705

-- CVS Pharmacy, 3860 South 27th Street, Milwaukee, WI 53221

-- CVS Pharmacy, 1316 West Forest Home Avenue, Milwaukee, WI 53204

-- CVS Pharmacy, 3915 Durand Avenue, Racine, WI 53405

A complete list of CVS Pharmacy drive-thru test sites can be found here.

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.

For downloadable COVID-19 testing media assets, including photos, video and interviews with CVS Health executives, please visit the Media Resource Center.

About CVS HealthCVS Health employees are united around a common goal of becoming the most consumer-centric health company. 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(R) 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 Charlie Rice-Minoso, (773) 610-7100Rice-MinosoC@aetna.com

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SOURCE CVS Health

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