Premium Design Tech Work Life News Impact Podcasts Video INNOVATION FESTIVAL|FastCo Works Capital One IBM SAPcvs healthCVS layoffs: Pharmacy to cut 2,900 workers amid breakup rumors, AI tech investments The drugstore chain has struggled in recent years with rising prescription drug costs and dollar...
CVS isn’t the only pharmacy business to close locations, withRite Aidannouncing in October of last year that more than 150 locations would close. In June, 2023Walgreens announcedit would close 150 stores in the U.S. and another 300 in the U.K. In 2021, CVS itselfannouncedthat it would...
The primary care provider's stock soared after the news broke late Monday. Bloomberg first reported last month that CVS was exploring a possible acquisition of Oak Street Health. CVS and Oak Street Health said they don't comment on rumors or speculation. THE LARGER TREND According to a prese...
Rumors of the deal first surfaced in January, with some dismissing the idea. Several experts say the deal makes sense for CVS Health, as it looks to expand into primary and value-based senior care. By Marissa Plescia Consumer / Employer, Social Determinants CVS Health Creates Community Eq...