California’s health care purchaser expects to save $600 million over the five-year contract with CVS Caremark.

The contract, though sizable, is likely immaterial to CVS’ earnings. But it moves the company in a positive direction as it ...

The California Public Employees’ Retirement System (CalPERS) has a new pharmacy benefits contract with CVS Caremark, the ...

CVS unveiled Tuesday its CostVantage plan for its roughly 9,500 pharmacies. Under the plan, pharmacies will be reimbursed by contracted pharmacy benefit managers (PBMS) and payers using a ...

CVS is switching up the way it pays for prescription drugs and moving toward a “more transparent” reimbursement model. The pharmacy chain announced a new payment model, CVS CostVantage, on ...

CVS Health, the nation’s largest pharmacy chain with more than 9,000 locations, said on Tuesday that it planned to change the way its pharmacies were paid for the medications they dispensed, in ...

CVS Pharmacy is closing hundreds of stores in 2025 as part of restructuring efforts. According to its recent annual report from February 2025, CVS announced will close 271 retail pharmacies this year.

CVS Pharmacy and Oak Street Heath, a primary care clinic owned by CVS Health, will partner for a health center at 3100 ...

CVS is looking to grow itself by shrinking. The pharmacy chain is opening around a dozen stores this year that are about the half the size of its traditional layout and have only a pharmacy ...

CVS Pharmacy is closing hundreds of stores in 2025 as part of restructuring efforts. According to its recent annual report from February 2025, CVS announced will close 271 retail pharmacies this year.