Health Care

CVS to open 1,500 HealthHUB stores over next two years

CVS to open 1,500 HealthHUB stores over next two years”

On December 3, 2017, CVS Health and Aetna announced the execution of a merger agreement under which CVS Health will acquire all outstanding shares of Aetna for a combination of cash and stock. In an indirect sense, both companies are taking steps to provide basic services for a huge swath of the population that simply can't afford health care. Tandem Investment Advisors Inc.'s holdings in CVS Health were worth $13,436,000 as of its most recent SEC filing.

The company started testing the changes in Houston late last year and will add more to that market this year as well as expand to Atlanta, the Philadelphia area and Tampa.

The stores will offer health services geared towards people with chronic conditions, as well as space for yoga classes and room for CVS Minute nurse practitioners to perform services such diabetic screenings and sleep apnea assessment.

Aside from visits with dietitians, HealthHub stores also give customers a chance to get screened for eye problems caused by diabetes, talk to a pharmacist about their treatment plan or get help tracking their blood pressure. CVS will deploy that data across the organization to create a holistic view of the patient, which will offer insights on how to communicate with the patient most effectively, including providing the next best action they can take to improve their health.

The company said during its pilot phase customers accepted help from our care concierge in more than 95 percent of recorded interactions beyond a greeting, with 60 percent resulting in engagement with a HealthHUB provider or offerings.

Mehrotra also said these growing options for care may have to overcome patient reluctance.

The investor day comes as the CVS-Aetna merger agreement with the U.S. Justice Department is under scrutiny.

"We are continuing to drive significant synergies and cost savings across the entire enterprise as we execute our integration plans", CVS CFO Eva Boratto said in a statement. U.S. District Judge Richard J. Leon has so far resisted assertions from the DOJ's Antitrust Division and the companies that federal law limits his review to the competitive concerns raised by the government in its merger settlement, which focused on overlap in the market for prescription drug plans, or PDP. Equities research analysts forecast that CVS Health Corp will post 6.84 EPS for the current year.

Reiterates 2019 guidance: Revenues: $251.2B - 254.4B; non-GAAP operating income: $15.0B - 15.2B; EPS: $4.90 - 5.05; non-GAAP EPS: $6.75 - 6.90; cash available to pay down debt: $4.2B - 4.6B.



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