Parents are being urged to check the lot codes of certain infant formulas sold under the CVS Health brand name after the recall of a number of products due to elevated levels of vitamin D. The products recalled were sold in Rhode Island and were also shipped to other states, including New Jersey and Pennsylvania, […]
CVS
Posted inBusiness
CVS Health cuts its 2024 forecast a third time, dragged down by health insurance struggles
By TOM MURPHY AP Health Writer CVS Health chopped its 2024 forecast for a third time this year and changed the leadership of its health insurance business where it continues to struggle with rising costs. CEO Karen Lynch will lead the insurance segment, replacing Executive Vice President Brian Kane, who is leaving the company about […]
Posted inBusiness
CVS buying spree continues with $10.6B Oak Street deal
By TOM MURPHY AP Health Writer CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion. The drugstore chain said Wednesday it would pay $39 per share in cash for each share of Oak Street in a deal expected to close this year. Oak Street […]
Posted inBusiness
Best-performing Rhode Island stocks last week
Stacker compiled a list of the best-performing stocks in Rhode Island last week using data from IEX Cloud. Stocks are ranked by the highest percent price change from Jan. 27 to Feb. 3. Stocks headquartered in Rhode Island, listed on the Russell 3000, and a market cap over $5.0 billion on October 27th were considered. […]
Posted inBusiness
CVS to buy home health-care provider Signify for $8 billion
DALLAS (AP) — Drugstore operator CVS Health Corp. said Monday that it will buy home-health provider Signify Health for $8 billion. CVS said Signify has more than 10,000 employees including physicians and nurses, a presence in every state, and offers technology platforms. “This acquisition will enhance our connection to consumers in the home and enables […]