Becker's Healthcare November 14, 2019
As the traditional pharmacy industry gets increasingly difficult to navigate, two of the largest retail pharmacy chains in the U.S. are trying new and starkly different approaches to remain afloat.
CVS has largely bet on healthcare as the way forward, opening HealthHubs focused on managing chronic conditions, acquiring health insurer Aetna and ending cigarette sales.
“What we’re witnessing is the evolution of the drugstore from what it’s been to what it needs to be to meet the needs of consumers,” CVS CEO Larry Merlo told Business Insider. “It’s time for another evolution. We see us leading that evolution with what we’re doing, with our strategy and the drugstore becoming more of a health destination.”
Walgreens, on the other hand,...
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