CVS

WOONSOCKET, R.I. — CVS Caremark was awarded the 2014 Rx Benefit Innovation Award by the Pharmacy Benefit Management Institute on Tuesday, the company reported. The award recognizes the company's new Specialty Connect program, which was developed by CVS Caremark to improve access, quality of care and convenience for specialty pharmacy patients.

WOONSOCKET, R.I. — CVS Caremark will participate in the American Heart Association's National Wear Red Day on Feb. 7, by encouraging colleagues at 7,600 CVS/pharmacy locations nationwide to wear red and create awareness of the battle against heart disease in women.

DUBLIN, Ohio — The loss of the Walgreens contract was a key consideration in Cardinal Health's 12% decline in overall revenue for the company's second quarter 2014, George Barrett, Cardinal Health chairman and CEO, told analysts Thursday morning. Revenue totaled $22.2 billion. The loss of the Walgreens contract totaled $5 billion. 

But Cardinal Health is bullish regarding its future. Cardinal Health increased its outlook for the next six months, raising its non-GAAP EPS range to $3.75 to $3.85. 

ATLANTA — Stranded Atlantans found shelter from a snow storm, making a local CVS/pharmacy their home for the night, according to a report in Gawker.

As much as four inches of snow blanketed parts of the South, leaving gridlocked roadways and canceled flights in its wake, and throwing Georgia in a state of emergency.

PHILADELPHIA — Almost two-thirds of specialty pharmacy revenues are attributed to 1-of-3 companies, and the specialty pharmacy market is poised to explode, according to a Drug Channels Institute report released Tuesday. 

WOONSOCKET, R.I. — Mobile. It is changing the way in which customers manage their drug store needs whether it be filling a prescription, accessing health resources or buying products, and CVS/pharmacy is aiming to take the lead in today’s digital space with a slew of innovative offerings that are yielding some significant results.

WOONSOCKET, R.I. — CVS Caremark has completed the acquisition of Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group.

Coram is one of the nation's largest providers of infusion services, caring for approximately 165,000 patients annually. Coram has 4,600 employees, including 600 nurses, 350 pharmacists and 250 dietitians, operating primarily through 85 branch locations and six centers of excellence for patient intake.

NEW YORK — Avignone Chemists, which is located in New York City’s West Village neighborhood, has sold its pharmacy business to CVS/pharmacy, according to a local news report.