First quarter financial results indicate that its fresh approach to retail and health care, including the company’s Aetna acquisition, is making gains, said Larry Menlo, CVS Health Corp. president and CEO.
Sales in the front end, including general merchandise, helped CVS Health Corp. revenues gain in the fourth quarter as adjusted earnings beat analyst expectations.
In the culmination of a long courtship, CVS Health has completed the acquisition of Aetna, creating a unique comprehensive health care company.
As CVS reported that the U.S. Department of Justice will allow it to proceed with its pending acquisition of Aetna, the company also added new board directors and management in anticipation of the merger closing.
Lowe’s has appointed David Denton as executive vice president, chief financial officer.
In a second quarter hit by one-time unique charges, CVS Health recorded a company net loss of $2.56 billion, or $2.52 per diluted share, versus company net income of $1.1 billion, or $1.07 per diluted share, in the year-before period.
CVS Health has named the management team that will lead the company when it combines with insurance and health-related services provider Aetna.
As CVS works to complete its health care related acquisition of Aetna, the drug store retailer posted a strong first quarter with both earnings and sales gaining.
As CVS evolves its health care operations, along with its pending acquisition of Aetna, the drug store boosted its fourth quarter income and sales.
In a $69 billion deal, CVS Health is acquiring insurance and health care services provider Aetna.