Tandem Investment Advisors Inc. raised its stake in shares of CVS Health Corp (NYSE:CVS) by 17.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
HealthHUB's wellness-oriented retail pharmacy locations in Houston, which launched in November, include a MinuteClinic, on-demand health kiosks measuring blood pressure, weight and BMI and in-house community spaces where CVS hosts wellness education and activities like yoga.More news: African Champions League final to be replayed after original game abandoned
"HealthHUBs are a powerful example of how CVS Health can provide consumers with convenient, personalized and integrated access to local health care", the company stated. He said these stores have seen higher traffic in the MinuteClinics, expanded deals in the front of the store and increasingly solution volumes.
Consumers have also responded positively to the HealthHUB format, accepting care from a designated "care concierge" unique to the HUBs more than 95% of the time. 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.
Competitor Walgreens has also identified the business potential of primary and preventive care in retail pharmacies.More news: Apple could be killing iTunes very soon
Mehrotra also said these growing options for care may have to overcome patient reluctance.
East Texas is hot for initiatives like these. But in fact, CVS and Aetna do compete as formidable rivals in some of the same markets, raising substantial concerns that are specific to a horizontal merger.
"We have an aging population", Walgreens executive Dr. CVS lawyers will appear in a federal court for the start of a 3-day proceeding in which U.S. District Judge Richard Leon is considering whether the Justice Department adequately protected competition when it approved the deal past year. "Going forward, we also have truly exciting opportunities to introduce programs and products that will change the way people think of and address their health".More news: Gal Gadot Hypes Upcoming ‘Wonder Woman 1984’ With Unreal Shot
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. Equities research analysts forecast that CVS Health Corp will post 6.84 EPS for the current year.