cvs health

Boise, Idaho — Albertsons Companies, Inc. has hired Tom Moriarty as its new executive vice president and general counsel, effective June 5, 2023. He joins Albertsons from CVS Health and will report to CEO Vivek Sankaran. Moriarty succeeds Juliette Pryor, who left Albertsons Cos. in April to pursue another career opportunity. Moriarty brings more than 30 years of executive leadership experience to Albertsons Cos., including senior positions across legal, corporate strategy, policy and operations. Most recently, he spent more than 10 years with CVS Health, serving in roles of increasing …

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Woonsocket, R.I., and Chicago — CVS Health has agreed to acquire Oak Street Health in an all-cash transaction at $39 per share, representing a total purchase price of roughly $10.6 billion. The price represents a premium of approximately 11.9% over Oak Street’s opening price per share this morning. Chicago-based Oak Street Health is a network of primary care centers for adults on Medicare. The company employs approximately 600 primary care providers and maintains 169 medical centers across 21 states. By 2026, Oak Street Health plans to grow to more than …

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Woonsocket, R.I. — CVS Health Corp. plans to close about 900 stores over the next 3 years, or about 300 stores a year, starting in spring 2022. The pharmacy retailer says the decision to close its stores was in order to focus more on its digital strategy. The store closures equal about 9% of the approximately 10,000 locations that the retailer currently operates. CVS says it will help those who lose their jobs as a result of the store closures to find a different role at another one of the …

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Woonsocket, R.I. — CVS Health joined other pharmacy chains and retailers at the White House on April 27, 2020 to announce the next phase in COVID-19 testing. In addition to the large-scale test sites the company has been operating since March, CVS Health will utilize its expansive community presence to bring testing closer to home while maintaining strict safety standards. “Our industry has been united by the unique role we can play in addressing the pandemic and protecting people’s health,” says Larry J. Merlo, president and CEO, CVS Health. “We all …

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Woonsocket, R.I. — Following the devastating damage caused by recent hurricanes, on September 19, 2017, CVS Health launched an in-store customer donation campaign to support the rebuilding efforts underway in the impacted areas. As part of this initiative, the company pledged to match all customer donations with critical products and supplies, up to $10 million.

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Woonsocket, R.I., and Minneapolis — CVS Health and Target Corporation have opened the first CVS Pharmacy locations in Target stores. The new locations are in the Charlotte, N.C., market. The pharmacies, located in Hickory, Monroe, Morrisville, Raleigh, Matthews and Wesley Chapel, are being operated through a store-within-a-store format and are branded CVS Pharmacy.

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