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CVS Health Corp (CVS.N)

CVS.N on New York Stock Exchange

73.68USD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

CVS Announces Management Team For Combined Co Following Close Of Aetna Acquisition
Wednesday, 6 Jun 2018 08:30am EDT 

June 6 (Reuters) - CVS Health Corp ::CVS HEALTH ANNOUNCES MANAGEMENT TEAM FOR COMBINED COMPANY FOLLOWING CLOSE OF AETNA ACQUISITION TRANSACTION.CVS HEALTH ANNOUNCES MANAGEMENT TEAM FOR COMBINED COMPANY FOLLOWING CLOSE OF AETNA ACQUISITION TRANSACTION.CVS HEALTH CORP - JON ROBERTS WILL CONTINUE TO SERVE AS EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER FOR CVS HEALTH.CVS HEALTH CORP - UNTIL DEAL CLOSE , CVS HEALTH & AETNA WILL CONTINUE TO OPERATE AS 2 SEPARATE COS.CVS HEALTH CORP - RICHARD DI BENEDETTO WILL CONTINUE TO SERVE IN HIS CURRENT POSITION OF PRESIDENT OF AETNA INTERNATIONAL.CVS HEALTH - KAREN S. LYNCH, CURRENTLY PRESIDENT OF AETNA, WILL SERVE AS EXECUTIVE VICE PRESIDENT OF CVS HEALTH AND PRESIDENT FOR AETNA BUSINESS UNIT.CVS HEALTH CORP - AS PART OF TRANSITION OF ORGANIZATIONS, SEVERAL EXECUTIVES FROM BOTH CVS HEALTH & AETNA WILL BE DEPARTING.CVS HEALTH - SHAWN M. GUERTIN, CURRENTLY CFO FOR AETNA, WILL ASSUME POSITION OF EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER FOR CVS HEALTH.CVS HEALTH CORP - DAVID DENTON, WHO CURRENTLY SERVES AS CVS HEALTH'S CHIEF FINANCIAL OFFICER HAS ELECTED TO DEPART COMPANY AT DEAL CLOSE.CVS HEALTH - TRANSACTION WITH AETNA EXPECTED TO CLOSE IN SECOND HALF OF 2018, SUBJECT TO REQUIRED REGULATORY APPROVALS.  Full Article

Aetna To Release Q1 2018 Results; Announces Business Segment Realignment
Tuesday, 17 Apr 2018 05:00pm EDT 

April 17 (Reuters) - Aetna Inc ::AETNA TO RELEASE FIRST-QUARTER 2018 RESULTS; ANNOUNCES BUSINESS SEGMENT REALIGNMENT.AETNA - EFFECTIVE FOR Q1, REALIGNED BUSINESS SEGMENTS TO CORRESPOND WITH CHANGES TO ITS MANAGEMENT STRUCTURE AND INTERNAL MANAGEMENT REPORTING.AETNA - GIVEN PENDING DEAL WITH CVS HEALTH, CO WILL NOT HOST CONF CALL IN CONJUNCTION WITH EARNINGS RELEASE & DOES NOT EXPECT TO DO SO FOR FUTURE QTRS.AETNA INC - AETNA'S OPERATIONS WILL NOW BE CONDUCTED IN HEALTH CARE REPORTABLE SEGMENT.  Full Article

CVS Pharmacy Says Now Offering New Shingles Vaccine At Locations Nationwide
Friday, 16 Mar 2018 08:30am EDT 

March 16 (Reuters) - Cvs Health Corp ::CVS PHARMACY NOW OFFERING NEW SHINGLES VACCINE AT LOCATIONS NATIONWIDE.  Full Article

CVS Health Sets Quarterly Dividend Of $0.50/Share
Wednesday, 14 Mar 2018 11:42am EDT 

March 14 (Reuters) - CVS Health Corp ::SETS QUARTERLY DIVIDEND OF $0.50PER SHARE.  Full Article

CVS Health Stockholders Approve Aetna Acquisition
Tuesday, 13 Mar 2018 11:30am EDT 

March 13 (Reuters) - CVS Health Corp ::CVS HEALTH STOCKHOLDERS APPROVE AETNA ACQUISITION.CVS HEALTH - MORE THAN 98 PERCENT OF SHARES VOTED AT SPECIAL MEETING OF STOCKHOLDERS WERE IN FAVOR OF CO'S ACQUISITION OF AETNA.  Full Article

Aetna Shareholders Approve Proposed Acquisition By CVS Health
Tuesday, 13 Mar 2018 11:30am EDT 

March 13 (Reuters) - Aetna Inc ::AETNA SHAREHOLDERS OVERWHELMINGLY APPROVE PROPOSED ACQUISITION BY CVS HEALTH.AETNA INC - CO, CVS HEALTH CONTINUE TO EXPECT THAT TRANSACTION WILL BE COMPLETED IN SECOND HALF OF 2018.AETNA - ABOUT 97% OF VOTES CAST, & OVER 77% SHARES OUTSTANDING, ENTITLED TO VOTE, VOTED TO APPROVE PLAN OF MERGER DATED AS OF DEC 3, 2017.  Full Article

CVS Health Sees Q1 2018 Net Revenue Growth For Retail/LTC Between 4 Pct To 5.5 Pct
Thursday, 8 Feb 2018 08:57am EST 

Feb 8 (Reuters) - Cvs Health Corp ::CVS HEALTH SEES PHARMACY SERVICES NET REVENUE CHANGE OF 1.5 PERCENT TO 3.5 PERCENT FOR FULL-YEAR 2018 - PRESENTATION SLIDES‍​.CVS HEALTH CORP - SEES Q1 2018 NET REVENUE GROWTH FOR RETAIL/LTC BETWEEN 4 PERCENT TO 5.5 PERCENT.CVS HEALTH CORP - SEES Q1 2018 SAME-STORE SALES FOR RETAIL/LTC BETWEEN 4 PERCENT - 5.5 PERCENT.CVS HEALTH CORP SEES RETAIL/LTC NET REVENUE GROWTH OF 2.5 PERCENT TO 4.0 PERCENT FOR 2018‍​.CVS HEALTH CORP - SEES Q1 2018 NET REVENUE GROWTH FOR PHARMACY SERVICES BETWEEN 2 PERCENT TO 3.75 PERCENT.CVS HEALTH CORP SEES RETAIL/LTC SAME-STORE SALES OF 2.0% TO 3.5% FOR 2018‍​.CVS HEALTH CORP - SHARE REPURCHASES SUSPENDED FOR 2018 DUE TO AETNA TRANSACTION‍​.  Full Article

CVS Health To Invest In Wage Increases And Benefits Following Tax Cuts and Jobs Act
Thursday, 8 Feb 2018 07:15am EST 

Feb 8 (Reuters) - CVS Health Corp ::CVS HEALTH INVESTING IN LONG-TERM AND SUSTAINABLE WAGE INCREASES AND BENEFITS ENHANCEMENTS FOLLOWING THE PASSAGE OF THE TAX CUTS AND JOBS ACT.WILL INCREASE STARTING WAGE RATE FOR HOURLY EMPLOYEES TO $11 AN HOUR, EFFECTIVE APRIL 2018.IS ALSO CREATING A NEW PAID PARENTAL LEAVE PROGRAM.‍IMPROVEMENTS IN EMPLOYEE WAGES AND BENEFITS, WHICH ARE LONG-TERM AND SUSTAINABLE COMPENSATION INVESTMENTS, TOTAL $425 MILLION ANNUALLY​.‍CVS HEALTH WILL NOT INCREASE EMPLOYEE PREMIUMS FOR 2018-2019 PLAN YEAR​.CVS - PLANS TO ADJUST PAY RANGES AND RATES FOR MANY RETAIL PHARMACY TECHNICIANS.‍COMPANY IS ALSO CREATING A NEW PAID PARENTAL LEAVE PROGRAM​.  Full Article

Aetna Says Co, CVS Received Request For Additional Information From The DOJ
Thursday, 1 Feb 2018 05:15pm EST 

Feb 1 (Reuters) - Aetna Inc ::AETNA INC - ON FEB 1, CO,CVS RECEIVED REQUEST FOR ADDITIONAL INFORMATION FROM THE DOJ.AETNA INC - DOJ'S REQUEST FOR ADDITIONAL INFORMATION IN CONNECTION WITH THE DOJ’S REVIEW OF TRANSACTIONS CONTEMPLATED BY CO'S MERGER WITH CVS HEALTH.AETNA INC - ‍CONTINUES TO PROJECT PROPOSED TRANSACTION WILL BE COMPLETED IN SECOND HALF OF 2018​.  Full Article

CVS Health Provides 2018 Outlook
Thursday, 4 Jan 2018 06:55am EST 

Jan 4 (Reuters) - CVS Health Corp ::CVS HEALTH PROVIDES 2018 OUTLOOK.CVS HEALTH CORP - FOR FULL-YEAR 2018, COMPANY EXPECTS TO DELIVER CONSOLIDATED NET REVENUE GROWTH OF 0.75 PCT TO 2.5PCT.CVS HEALTH CORP - EXPECTS NET INTEREST EXPENSE IN A RANGE OF $2.0 BILLION TO $2.3 BILLION IN 2018.CVS HEALTH CORP - ADDITIONALLY, COMPANY REVISED ITS OUTLOOK FOR Q4 OF 2017.CVS HEALTH CORP - EXPECTS ITS EFFECTIVE TAX RATE TO BE ABOUT 27PCT IN 2018.CVS HEALTH CORP - FOR FULL-YEAR 2018, CO EXPECTS ADJUSTED CONSOLIDATED OPERATING PROFIT GROWTH OF 1PCT TO 4PCT.CVS HEALTH CORP - EXPECTS TO MEANINGFULLY BENEFIT IN Q4 FROM TAX CUTS AND JOBS ACT​.CVS HEALTH SAYS WILL BENEFIT FROM RECENT U.S. TAX REFORM SIGNED INTO LAW LAST MONTH.CVS HEALTH CORP - ‍ NOW SEES A MID-TEENS GROWTH RATE IN Q4 2017, ABOUT 4 PERCENT FOR FULL YEAR FOR PHARMACY SERVICES SEGMENT'S ADJUSTED OPERATING PROFIT​.CVS HEALTH- FOR Q4 EXPECTS TO DELIVER ADJUSTED CONSOLIDATED OPERATING PROFIT GROWTH, ADJUSTED EPS AT LOWER END OF RESPECTIVE RANGES PROVIDED DURING Q3 2017.CVS HEALTH CORP - ‍CONTINUES TO EXPECT Q4 OPERATING PROFIT FROM ITS RETAIL/LTC SEGMENT TO BE AT HIGH END OF ITS PREVIOUSLY-PROVIDED RANGE​.CVS HEALTH SAYS CONTINUES TO EXPECT PENDING ACQUISITION OF AETNA TO CLOSE DURING SECOND HALF OF 2018.  Full Article

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American Medical Association opposes merger of CVS and Aetna

WASHINGTON The American Medical Association, which represents U.S. physicians, urged the U.S. Justice Department on Wednesday to stop CVS Health Corp's plan to buy insurance provider Aetna Inc, saying the deal could result in higher prices for prescription medicines.