News Headlines Article

CVS Health posts earnings increase amid industry consolidation
USA Today

Drug-store giant CVS Health reported increases in revenue and profit for the third quarter as the spotlight turns to the proposed combination of the company’s two chief competitors.

CVS, the largest drug story in the U.S., posted a 10.3% increase in net revenue, compared to the same period a year earlier, to $38.6 billion. The company got a boost from its $12.7 billion acquisition of pharmacy services provider Omnicare, a deal that was completed Aug. 18 and provided a third-quarter bump.

Commands