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CVS Caremark's Charitable Trust donates funds to tornado relief efforts
WOONSOCKET, R.I. — CVS Caremark's Charitable Trust, the private foundation managed by CVS Caremark, has donated $75,000 to the American Red Cross in support of relief efforts in Alabama for communities impacted by tornadoes earlier this week.
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CVS Caremark to complete acquisition of Universal American's Part D business
WOONSOCKET, R.I. — CVS Caremark is expected to complete its acquisition of the Medicare Part D business of Universal American on April 29, the company has announced.
As previously reported, CVS Caremark will pay Universal American shareholders cash consideration of $1.25 billion plus the excess capital in the entities that operate Universal American's Medicare Part D business, less Universal American's outstanding trust preferred securities, which are being assumed by CVS Caremark.