Chief Judge Mitchell Goldberg tripled to $285 million the damages he had ordered CVS Caremark to pay in June, citing the federal False Claims Act.

In 2014, Caremark was accused of manipulating how drug costs were reported, prompting Aetna and SilverScript to submit false ...

CVS Caremark, CVS Health’s (NYSE:CVS) pharmacy benefit manager, has been ordered by a federal judge to pay $289.9M in damages ...

Diversified healthcare company CVS Health (NYSE:CVS) in Q2 CY2025, with sales up 8.4% year on year to $98.92 billion. Its non ...

The insurance giant Aetna is now requiring doctors to get certain medications from pharmacies in advance rather than buy ...

CVS announced its plan to buy Aetna in 2017. CVS’s board is reportedly considering splitting its legion of retail pharmacies and its Aetna insurance operation into separate companies entirely.

Both stressed that CVS-Aetna will also be better able to serve the aging population in the U.S., which is increasingly relying on the government's Medicare and Medicaid programs for health care.

CVS also would not say which areas of Aetna were affected by the layoffs, noting they were in “all part of the Aetna business.” In Connecticut, CVS now employs 9,220, which includes a chain of ...

The CVS/Aetna deal reeks of conflicts of interests on multiple levels and is not evidently appealing to shareholders in the short term, as it will take time to digest.

Aetna layoffs possible in Conn. as owner CVS says it will cut thousands of jobs Kenneth R. Gosselin, Hartford Courant Published: Oct 02, 2024 4:02 AM Updated: Jan 02, 2024 1:00 AM ...

The CVS-Aetna move would do just this, and would give the combined organization a competitive market advantage over healthcare providers as soon as integration is complete.

The current combined balance sheets of Aetna and CVS have over $10 billion in cash and short term investment (source Q3-2017 reports) yet CVS is counting only $4.1 billion of this in the acquisition.