CVS Health Corporation: Key facts and statistics - 2023 - Moody's Global Credit Research

CVS Health Corporation: Key facts and statistics - 2023

CVS Health Corporation: Key facts and statistics - 2023 - Moody's Global Credit Research
CVS Health Corporation: Key facts and statistics - 2023
Published Mar 28, 2024
11 pages (4504 words) — Published Mar 28, 2024
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Brief Excerpt:

...CVS Health Corporation (CVS Health) is a US-based health solutions company that provides integrated healthcare services. It offers health care and wellness, health insurance, pharmacy and prescription drug coverage services. As of 31 December 2023, the company served more than 35 million people through traditional, voluntary and consumer-directed health insurance products and related services, including Medicare Advantage offerings and standalone Medicare Part D prescription drug plan. The company primarily operates in the US. As of 31 December 2023, CVS Health reported more than 9,000 retail locations, over 1,000 walk-in medical clinics and 204 primary care medical clinics. In 2023, CVS Health reported total revenue of $357.8 billion. The company originated in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health and beauty products. It was renamed CVS in 1964. The company's shares are listed on the New York Stock Exchange (ticker: CVS). As of 29 December 2023, the company's...

  
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Issuer Profile

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CVS Health Corporation
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CVS Health Corporation - December 2023 (LTM): Peer Snapshot  - Peer Snapshot – 2024/03/19 – US$ 750.00 – ...Baa2 Stable Baa1 Positive Ba2 Stable Baa3 Stable CVS Health Corporation McKesson Corporation Walgreens Boots Alliance, Inc. HCA Inc.*...

CVS Health Corporation: Update to credit analysis following ratings affirmation - Credit Opinion – 2023/12/20 – US$ 250.00 – ...CVS' credit profile reflects its large scale, leading positions in PBM and retail operations, and the strength of its Aetna brand in health insurance. CVS benefits from broad reach and solid industry fundamentals including growth in Medicare Advantage. Both the retail pharmacy and PBM businesses will benefit from rising use of prescription drugs. Transition toward a new pharmacy reimbursement model will increase transparency and help ease earnings pressure in the retail operation. Strong cash flow supports reinvestment in the business and shareholder payouts without a material increase in leverage. Tempering these strengths, CVS faces execution risk as it rapidly expands in primary care. This strategy includes the recent acquisitions of physician-led centers (Oak Street Health, Inc., i.e. "Oak Street") and integrated virtual and home healthcare assets (Signify Health, Inc., i.e. "Signify"). We anticipate lease-adjusted gross debt/EBITDA of 3.5x-4.0x over the next 12 to 18 months, including...

Moody's affirms CVS Health's Baa2 ratings; stable outlook - Rating Action – 2023/12/19 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

CVS Health Corporation - September 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/12/04 – US$ 750.00 – Peer Snapshot: CVS Health Corporation - September 2023 (LTM) 4 December 2023 (in US millions) FYE Dec-21 FYE Dec-22 LTM Sep-23 FYE Mar-22 FYE Mar-23 LTM Sep-23 FYE Aug-21 FYE Aug-22 LTM Aug-23 FYE Dec-21 FYE Dec-22 LTM Sep-23 Revenue...

CVS Health Corporation - June 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/09/04 – US$ 750.00 – ...Baa2 Stable Baa1 Positive Baa3 Negative Baa3 Stable CVS Health Corporation McKesson Corporation Walgreens Boots Alliance, Inc. HCA Inc.*...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "CVS Health Corporation: Key facts and statistics - 2023" Mar 28, 2024. Alacra Store. Apr 27, 2024. <http://www.alacrastore.com/moodys-credit-research/CVS-Health-Corporation-Key-facts-and-statistics-2023-PBC_1401343>
  
APA:
Moody's Global Credit Research. (). CVS Health Corporation: Key facts and statistics - 2023 Mar 28, 2024. New York, NY: Alacra Store. Retrieved Apr 27, 2024 from <http://www.alacrastore.com/moodys-credit-research/CVS-Health-Corporation-Key-facts-and-statistics-2023-PBC_1401343>
  
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