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CVS Health Corp (CVS.N)

CVS.N on New York Stock Exchange

79.84USD
15 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Aetna Reports Third-Quarter 2018 Results
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Aetna Inc ::AETNA REPORTS THIRD-QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $2.96.Q3 EARNINGS PER SHARE $3.03.Q3 REVENUE $15.5 BILLION VERSUS I/B/E/S VIEW $15.29 BILLION.Q3 EARNINGS PER SHARE VIEW $2.83 -- THOMSON REUTERS I/B/E/S.AETNA REPORTS THIRD-QUARTER 2018 RESULTS.MEDICAL MEMBERSHIP TOTALED 22.1 MILLION AT SEPTEMBER 30, 2018.AETNA - GIVEN PENDING TRANSACTION WITH CVS HEALTH, CO IS NOT HOSTING A CONFERENCE CALL IN CONJUNCTION WITH ITS THIRD-QUARTER 2018 EARNINGS RELEASE.QTRLY TOTAL HEALTH CARE MEDICAL BENEFIT RATIO 81.5 PERCENT VERSUS 81.9 PERCENT.  Full Article

CVS Health Enters Into 364-Day Bridge Term Loan Agreement
Friday, 26 Oct 2018 

Oct 26 (Reuters) - CVS Health Corp ::CVS HEALTH CORP - ENTERED INTO A 364-DAY BRIDGE TERM LOAN AGREEMENT.CVS HEALTH - BRIDGE TERM LOAN AGREEMENT PROVIDES FOR TOTAL COMMITMENTS IN AMOUNT OF $4.0 BILLION.CVS HEALTH - BRIDGE TERM LOAN AGREEMENT ENTERED IN CONNECTION WITH PROPOSED MERGER WITH AETNA.  Full Article

Teamsters Local 727 Says Letters To Executives Get Aetna Response
Monday, 22 Oct 2018 

Oct 22 (Reuters) - TEAMSTERS LOCAL 727::LETTERS TO EXECUTIVES GET AETNA RESPONSE.TEAMSTERS LOCAL 727 AND CVS ARE NEXT SCHEDULED TO MEET ON NOV. 14.AETNA OPENED AN INVESTIGATION INTO LOCAL 727'S REPORTS OF CVS "DEFLECTING" ATTEMPTS TO BARGAIN IN "GOOD FAITH" WITH UNION.  Full Article

Cvs Health Sets Quarterly Dividend Of $0.50Per Share
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - CVS Health Corp ::SETS QUARTERLY DIVIDEND OF $0.50 PER SHARE.  Full Article

Lowe's Names David Denton CFO
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Lowe's Companies Inc ::LOWE'S NAMES DAVID DENTON CHIEF FINANCIAL OFFICER.SAYS DAVID M. DENTON APPOINTED CFO.DENTON SUCCEEDS MARSHALL A. CROOM, WHOSE RETIREMENT WAS PREVIOUSLY ANNOUNCED.LOWE'S COMPANIES - DENTON CURRENTLY SERVES AS EVP AND CFO OF CVS HEALTH AND WILL JOIN LOWE'S SHORTLY AFTER CLOSING OF CVS ACQUISITION OF AETNA.  Full Article

CVS Health Q2 Adjusted Earnings Per Share $1.69
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Cvs Health Corp ::CVS HEALTH REPORTS SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.69.Q2 GAAP LOSS PER SHARE $2.52 FROM CONTINUING OPERATIONS.Q2 SAME STORE SALES ROSE 5.9 PERCENT.Q2 EARNINGS PER SHARE VIEW $1.61 -- THOMSON REUTERS I/B/E/S.SEES FY ADJUSTED EARNINGS PER SHARE $6.98 TO $7.08.SEES Q3 ADJUSTED EARNINGS PER SHARE $1.68 TO $1.73.SEES FY GAAP EARNINGS PER SHARE $1.40 TO $1.50 FROM CONTINUING OPERATIONS.SEES Q3 GAAP EARNINGS PER SHARE $1.29 TO $1.34.Q2 REVENUE ROSE 2.2 PERCENT TO $46.7 BILLION.SAME STORE SALES INCREASED 5.9% AND PHARMACY SAME STORE SALES INCREASED 8.3% IN THREE MONTHS ENDED JUNE 30.FRONT STORE SAME STORE SALES DECLINED 1.0% IN THREE MONTHS ENDED JUNE 30, 2018, COMPARED TO SAME QUARTER OF PRIOR YEAR.AETNA TRANSACTION IS EXPECTED TO CLOSE DURING Q3 OR EARLY PART OF Q4 OF 2018.QTRLY RESULTS INCLUDED $3.9 BILLION GOODWILL IMPAIRMENT CHARGE RELATED TO LTC BUSINESS.CVS HEALTH - GOT A SECOND REQUEST FOR INFORMATION ABOUT AETNA DEAL FROM U.S. DOJ ON FEB 1.CVS HEALTH - REGULATORY APPROVAL PROCESS FOR AETNA DEAL PROCEEDING WITHIN A TIMEFRAME "CONSISTENT WITH EXPECTATIONS".QTRLY OPERATING LOSS INCLUDES $39 MILLION IN TRANSACTION & INTEGRATION COSTS RELATED TO PROPOSED ACQUISITION OF AETNA INC.CVS HEALTH - LTC BUSINESS CONTINUED TO FACE CHALLENGES IMPACTING ITS ABILITY TO GROW AT ESTIMATED RATE.RECEIVED APPROVAL FOR AETNA DEAL FROM A "SUBSTANTIAL" NUMBER OF STATES AND MORE ARE EXPECTED TO APPROVE THIS SUMMER.  Full Article

Aetna Q2 Earnings Per Share $3.67
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Aetna Inc ::AETNA REPORTS SECOND-QUARTER 2018 RESULTS.QTRLY TOTAL REVENUE $15,561 MILLION VERSUS $15,523 MILLION."DISCIPLINED PRICING AND MODERATE MEDICAL COST TREND CONTRIBUTED TO OUR STRONG Q2 RESULTS".Q2 ADJUSTED EARNINGS PER SHARE $3.43.Q2 EARNINGS PER SHARE $3.67.Q2 REVENUE $15.6 BILLION VERSUS I/B/E/S VIEW $15.5 BILLION.Q2 EARNINGS PER SHARE VIEW $3.04 -- THOMSON REUTERS I/B/E/S.QTRLY HEALTH CARE MEDICAL BENEFIT RATIO 79.7 PERCENT VERSUS 80.0 PERCENT.AETNA - GIVEN PENDING TRANSACTION WITH CVS HEALTH, AETNA IS NOT HOSTING A CONFERENCE CALL IN CONJUNCTION WITH ITS SECOND-QUARTER 2018 EARNINGS RELEASE.RECORDED TRANSACTION-RELATED COSTS DURING THREE & SIX MONTHS ENDED JUNE 30, 2018 RELATED TO PROPOSED ACQUISITION BY CVS HEALTH CORPORATION.  Full Article

CVS Health Responds To Request For Information On Trump Administration's Blueprint To Lower Drug Prices
Monday, 16 Jul 2018 

July 16 (Reuters) - CVS Health Corp ::CVS HEALTH RESPONDS TO REQUEST FOR INFORMATION ON TRUMP ADMINISTRATION'S BLUEPRINT TO LOWER DRUG PRICES.CVS HEALTH CORP - "SUPPORT ADMINISTRATION'S GOAL TO LOWER DRUG PRICES AND REDUCE OUT-OF-POCKET COSTS FOR CONSUMERS".CVS HEALTH SAYS "USING EVERY INNOVATIVE TOOL POSSIBLE TO BRING DOWN COST OF DRUGS OURSELVES".  Full Article

U.S. DOJ Wont Challenge Aetna, CVS Deal - CNBC, Citing Report
Thursday, 12 Jul 2018 

July 12 (Reuters) - :U.S. DOJ WONT CHALLENGE AETNA, CVS DEAL - CNBC, CITING REPORT.  Full Article

CVS Health Sets Quarterly Dividend Of $0.50 Per Share
Wednesday, 11 Jul 2018 

July 11 (Reuters) - CVS Health Corp ::SETS QUARTERLY DIVIDEND OF $0.50 PER SHARE.  Full Article

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Walmart, Home Depot adopt health insurer tactic in drug copay battle

NEW YORK Walmart and Home Depot , two of the top 10 U.S. employers, have embraced a health insurance strategy that punishes drugmakers for using discount cards to keep patients from switching or stopping their medications.