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CVS HEALTH reported a $2.6 billion loss in the second quarter of 2018, largely due to a $3.9 billion pre-tax goodwill impairment charge for its long-term care segment. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS Health reports $2.6B Q2 loss, dragged down by $3.9B goodwill...

WOONSOCKET – CVS Health Corp. reported a $2.6 billion loss on Wednesday for the second quarter of 2018, or $2.52 per diluted share. The company...

CVS-Aetna deal said to dodge antitrust hurdle that AT&T faced

NEW YORK - CVS Health Corp. has dodged one hurdle in its bid to buy insurer Aetna Inc., as antitrust enforcers don’t see competitive...
HASBRO HAS been named as a Civic 50 Honoree each year since the award's inception in 2012. This year CVS Health was also honored. / BLOOMBERG FILE PHOTO/MICHAEL SPRINGER

2 R.I. companies honored for corporate citizenship

PROVIDENCE – Both CVS Health Corp. and Hasbro Inc. have been named as 2018 Civic 50 honorees, an award for superior corporate citizenship from...
CVS HEALTH announced its plans to integrate Aetna and CVS executives following the companies' planned merger. Aetna will operate as a stand-alone business unit within the company following the close. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

CVS announces post-Aetna-merger management team plans

WOONSOCKET – CVS Health Corp. revealed its proposed reorganized management team Wednesday that would go into effect if the company’s acquisition of Aetna Inc....
CVS HEALTH CORP. ranked No. 7 on the Fortune 500 list based on 2017 revenue. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

4 R.I. companies make Fortune 500 list

PROVIDENCE – Four Rhode Island-based companies have made the Fortune 500, a list of the largest United States corporations based on 2017 revenue that...
SKEPTICS OF THE proposed CVS-Aetna merger are critical of the assertion that the average consumer will benefit from any of the combined company's anticipated cost savings. /BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

Skeptical voices gather against CVS-Aetna merger

WOONSOCKET — CVS Health Corp. and Aetna Inc. have billed their pending $67.5 billion merger as a force for positive change in the health...
WALMART IS SAID to be in talks to acquire Humana. / BLOOMBERG FILE PHOTO/PAUL TAGGART

Walmart is said in talks with Humana for deeper partnership

NEW YORK - Walmart Inc. is in talks with health insurer Humana Inc. for a closer partnership to provide health care to consumers at...
CVS HEALTH CORP. PRESIDENT AND CEO Larry J. Merlo has vaulted the first hurdle in makiing the proposed CVS Health-Aetna merge a reality, as shareholders of both companies voted to approve the combination Tuesday. / COURTESY CVS HEALTH

CVS, Aetna shareholders approve merger

WOONSOCKET – By overwhelming margins, the shareholders of CVS Health Corp. and Aetna Inc. approved the proposed merger of the retail pharmacy and benefits...
CVS HEALTH AND AETNA shareholders are voting Tuesday to approve the merger of the two companies. If the votes approve the deal, it still reuires regulatory approval to be completed. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

CVS, Aetna shareholders voting Tuesday on merger

WOONSOCKET – Shareholders of CVS Health Corp. and Aetna Inc. are voting Tuesday to approve the proposed merger between the retail pharmacy and benefits...
THREE PHARMACY-BENEFIT MANAGERS - CVS Health, Express Scripts and UnitedHealthcare - control more than 70 percent of the market, including more than half of the $138 billion specialty drug prescription market.

Partners turned into prey as insurers, drug plans get squeezed

NEW YORK – Over 20 years, Brian Komoto built a thriving pharmacy in California’s Central Valley. Each day, his nurses would travel the vast...
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