Last $82.24 USD
Change Today +0.02 / 0.02%
Volume 3.6M
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As of 4:15 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

cvs health corp (CVS) Key Developments

CVS Health Appoints Mary Langowski as Executive Vice President for Strategy, Policy and Market Development, Effective October 14, 2014

CVS Health announced that Mary Langowski has been named Executive Vice President for Strategy, Policy and Market Development, effective on October 14. In this role, Langowski will direct the company's strategy and market development functions, with a focus on identifying and expanding enterprise opportunities to new markets as the company plays an increasingly prominent role in the evolving health care system. Her portfolio will also include leading the company's government affairs and policy development teams at the state and federal level -- providing strategic counsel to help navigate the complex and dynamic policies, regulations and market trends that today's health care companies face. Langowski will join the company from international law firm DLA Piper where she serves as the chair of the Health Care Policy and Regulatory Practice and the co-chair of the Food and Beverage Sector.

CVS Caremark Corporation Amends its Articles of Incorporation

On May 8, 2014, the board of directors the of CVS Caremark Corporation approved a change in the corporation’s name from CVS Caremark Corporation to CVS Health Corporation. The change in the corporation’s name was effected by the filing of a certificate of amendment on September 3, 2014. Pursuant to the certificate of amendment, article first of the corporation’s amended and restated certificate of incorporation was amended to read in its entirety as follows: 'First: The name of the corporation is CVS Health Corporation'. The corporation also amended its by-laws to reflect the new corporate name.

CVS Caremark Corporation has Changed its Name to CVS Health Corporation

On September 03, 2014, CVS Caremark Corporation changed its name to CVS Health Corporation.

CVS Caremark Enters into New Clinical Affiliation with MedStar Health

CVS Caremark announced it has entered into a new clinical affiliation with MedStar Health, which will enhance access to high-quality, affordable health care services for patients. Through this clinical affiliation, MedStar Health patients will continue to have access to clinical support, medication counseling, chronic disease monitoring and wellness programs at CVS/pharmacy stores and MinuteClinic. In addition, CVS Caremark will provide critical prescription and visit information to the affiliated health care providers through the integration of secured electronic medical record (EMR) systems. The participating health care providers will receive data on interventions conducted by CVS pharmacists to improve medication adherence for their patients. The affiliation also encourages collaboration between the health care providers and MinuteClinic providers to improve coordination of care for patients seen at MinuteClinic locations. Affiliated physicians will collaborate with MinuteClinic nurse practitioners to work closely on joint clinical programs and care coordination activities. If more comprehensive care is needed, patients can follow up with their primary care provider and have access to the services at the health care provider as appropriate. For those patients who do not have regular access to health care, MinuteClinic provides assistance in finding a primary care physician and a greater opportunity for continuity of health care services. MinuteClinic, CVS/pharmacy and MedStar Health will begin to work toward integrating EMR systems to streamline communication around all aspects of each individual patient's care. This integration will include the electronic sharing of messages and alerts from CVS/pharmacy to MedStar Health physicians regarding potential medication non-adherence issues. In addition, MinuteClinic will electronically share medical histories and visit summaries with the patient's primary care provider at MedStar Health. MinuteClinic will also continue its standard practice of sending patient visit summaries to primary care providers who are not affiliated with a participating health care provider via fax or mail, typically within 24 hours, with patient consent. The new clinical affiliation announced here brings the total number of health system and health care provider affiliations for CVS Caremark and MinuteClinic to 41 major health systems and health care providers across the country. This new affiliation includes clinical collaborations with MinuteClinic combined with data on interventions performed by CVS pharmacists.

CVS Caremark Opens MinuteClinic Walk-In Medical Clinics in Sacramento Area

CVS Caremark Corporation announced the opening of MinuteClinic walk-in medical clinics in the Sacramento metropolitan area inside select CVS/pharmacy stores in Sacramento and Elk Grove. A third clinic is slated to open in Fair Oaks in October. With the openings, there are now more than 50 MinuteClinic locations in the Golden State in the San Diego, Los Angeles, Orange County/Inland Empire and Bay Area markets.

 

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CVS

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Price/Earnings 20.1x
Price/Sales 0.7x
Price/Book 2.5x
Price/Cash Flow 19.5x
TEV/Sales 0.6x
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