Forbes February 12, 2020
CVS Health said a big boost in enrollment in seniors signing up for Medicare Advantage plans and new “health hub” formats in its stores are helping boost profits.
CVS Wednesday said fourth quarter 2019 net income rose to $1.7 billion, or $1.73 per share, compared to a loss in the year-ago quarter. Revenue rose 23% to nearly $66.9 billion.
CVS, which completed its acquisition of Aetna in December of 2018, is now focused on rolling out the HealthHub stores in U.S. metropolitan areas with 50 opened last year and another 600 to 650 projected to open in 2020.
CVS chief executive Larry Merlo said the new HealthHub formats are seeing increased prescription volume and usage of healthcare services compared to...
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