Latest from Alacra Pulse
Analyst Comment by
Trefis
May 18, 2012
Among other developments, Rite Aid ( NYSE:RAD) closed its second round of debt refinancing to ensure timely payment of its upcoming debt while CVS Caremark ( NYSE:CVS) pulled down shutters on its prestige beauty retail stores Beauty360 and the corresponding e commerce business to focus on the growth of its core CVS pharmacy beauty business this week. See our complete analysis of Rite Aid. Walgreen CVS Caremark.
Trefis: Drug Retail Weekly Notes: Walgreen, CVS Caremark & Rite Aid
Trefis: Drug Retail Weekly Notes: Walgreen, CVS Caremark & Rite Aid
Analyst Comment by
Zacks Investment Research
May 14, 2012
Recently, we reiterated our Neutral recommendation on CVS Caremark Corporation ( CVS , Analyst Report ) with a target price of $47.00. CVS Caremark reported first quarter 2012 EPS of 59 cents, up 13.5% year over year. However, after excluding the impact of certain one time items from both the periods, adjusted EPS came in at 65 cents, surpassing the Zacks Consensus Estimate of 63 cents and up 14.0% year over year.
Zacks - Analyst Blog: CVS Reiterated at Neutral - Analyst Blog
Zacks - Analyst Blog: CVS Reiterated at Neutral - Analyst Blog
Chief Pulse Comment by Andrew J Sussman
May 10, 2012
Andrew Sussman , M. D., president, MinuteClinic and senior vice president/ associate chief medical officer, CVS Caremark Corporation , believes MinuteClinic can help alleviate the severe primary care shortage that is expected to worsen over the coming decade in Texas ."Our innovative model of care can be part of the solution to help broaden access to high quality, convenient and affordable health care services in the San Antonio community and elsewhere in the state," Sussman said. The clinics are staffed by MinuteClinic nurse practitioners and physician assistants who specialize in family health care and can diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions, skin conditions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumonia and hepatitis A & B are available at most locations. In addition, MinuteClinic administers a series of wellness services designed to help consumers identify lifestyle changes needed to improve their current and future health, including screenings and monitoring for diabetes, high blood pressure and high cholesterol.
PR Newswire: Health: MinuteClinic Opens Its First Walk-in Medical Clinics Inside CVS/pharmacy Stores in San Antonio
PR Newswire: Health: MinuteClinic Opens Its First Walk-in Medical Clinics Inside CVS/pharmacy Stores in San Antonio
Analyst Comment by
Trefis
May 09, 2012
CVS Caremark ( NYSE:CVS) has impressively turned around the outlook of its pharmacy services business within a year, becoming the industry's second largest player having won multiple high profile contracts. It also acquired a leadership position in the federally sponsored Medicare Part D prescription business through acquisitions, achieved high growth in specialty pharmacy segment, and leveraged its integrated business model to greatly expand its Maintenance Choice program. Last quarter, its PBM revenues grew 32% as it processed 17% more mail choice and 26% more pharmacy network claims compared to the prior year period.
Trefis: CVS Caremark Injects Big Growth With Pharmacy Services
Trefis: CVS Caremark Injects Big Growth With Pharmacy Services
Analyst Comment by
Trefis
May 07, 2012
CVS Caremark ( NYSE:CVS), the second largest drug retailer in the United States, has significantly benefited from the Walgreen Express fallout as Express members looked for non Walgreen pharmacies to fill their prescriptions and many ended up on CVS stores as the most convenient alternative. If the dispute remains unresolved for much longer, those new customers might turn more loyal to CVS, which is already well positioned to attract customers with its integrated and convenient retail pharmacy services business model. Anticipating further benefits from the continued impasse, the company has further improved its full year earnings guidance, with higher prescriptions and operating profits. CVS Caremark is an integrated pharmacy services provider and drugstore chain that competes with Walgreen ( NYSE:WAG), Wal Mart ( NYSE:WMT) and Rite Aid ( NYSE:RAD) in its prescription drugs, OTC drugs and general merchandise segment.
Trefis: CVS Caremark Raises Outlook On Continued Walgreen-Express Impasse
Trefis: CVS Caremark Raises Outlook On Continued Walgreen-Express Impasse
Thomson Reuters Business Description
CVS Caremark Corporation (CVS Caremark), together with its subsidiaries, is a pharmacy health care provider in the United States. CVS Caremark provides pharmacy services through its pharmacy benefit management (PBM), mail order and specialty pharmacy division, CVS Caremark Pharmacy Services; approximately 7,300 CVS/pharmacy retail stores; retail-based health clinic subsidiary, MinuteClinic, and its online retail pharmacy, CVS.com. The Company operates in three business segments: Pharmacy Services, Retail Pharmacy and Corporate. Its corporate segment provides management and administrative services to support the overall operations of the Company. On April 29, 2011, it acquired the Medicare prescription drug business of Universal American Corp. (the UAM Medicare Part D Business). In April 2012, Health Net, Inc.’s subsidiary, Health Net Life Insurance Company, sold its Medicare stand-alone Prescription Drug Plan (Medicare PDP) business to a subsidiary of CVS Caremark.
