Recent events
Recent events tied to this brand in public sources.
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2026
CVS Health announces planned separation of its retail pharmacy business
CVS Health announced a plan to split into two publicly traded companies by the first half of 2028, separating its retail pharmacies from its insurance and pharmacy benefit management businesses. The insurance and PBM company would retain the CVS Health name, while the retail pharmacy company would be called CVS Pharmacy.
2026
University of Kentucky sues CVS Health
The University of Kentucky sued CVS Health Corporation in federal court, alleging civil racketeering, fraud and breach of contract, and claiming that the company diverted around $41 million in 340B prescription revenue over five years. The university is seeking damages under the RICO Act.
2026
Public question raised over whether CVS Health Corporation insiders breached fiduciary duties to shareholders
A PR Newswire release headlined "Did CVS Health Corporation Insiders Breach their Fiduciary Duties to Shareholders?" publicly raised the question of whether CVS Health Corporation insiders breached fiduciary duties owed to shareholders. The supplied text consists only of the headline and does not identify who raised the question, the underlying conduct, or any determination.
2022
Biofourmis completes $300 million Series D funding
Biofourmis announced that it had completed a $300 million Series D funding round led by General Atlantic; CVS Health and other investors also participated. The company’s valuation reached $1.3 billion after the funding.
2022
Florida reaches opioid settlements with CVS Health and drug companies
Florida reached settlements totaling more than $878 million with CVS Health, Teva Pharmaceutical Industries, Allergan, and Endo International over claims concerning their roles in fueling the state's opioid epidemic. The companies denied wrongdoing in agreeing to settle.
2021
Bank of America expands free flu-shot funding with CVS Health
Bank of America partnered with CVS Health to expand funding for free flu shots distributed through Martha's Village & Kitchen, the Galilee Center, and eight other Inland Empire nonprofits.
2021
CVS announces planned closure of 900 US stores
CVS Health announced a plan to close 900 US stores by 2024, with closures beginning in 2022 at a pace of about 300 stores per year.
2021
CVS Health expands Cardtronics partnership in Hawaii
CVS Health expanded its partnership agreement with Cardtronics by enabling Allpoint surcharge-free ATM access at 50 Longs Drugs locations across the Hawaiian Islands.
2021
Kentucky attorney general sues CVS over opioid crisis
Kentucky Attorney General Daniel Cameron filed a lawsuit against CVS Health, alleging unlawful business practices and failure to guard against opioid diversion.
2021
CVS Health announces #OneStepCloser vaccination sweepstakes
CVS Health announced the #OneStepCloser sweepstakes for eligible customers who received or planned to receive a COVID-19 vaccination through CVS Health. Entries were to begin June 1, with prizes awarded through weekly drawings and grand prizes over six weeks.
2021
CVS Health launches a $100 million venture fund
CVS Health launched CVS Health Ventures, a corporate venture capital fund initially allocated $100 million to invest in and partner with early-stage companies focused on health care accessibility, affordability and simplicity.
2021
Miami NAACP chapter and CVS Health partner on vaccine access
Miami’s NAACP chapter president said a new partnership with CVS Health was rolling out to address the inclusion of predominantly Black communities in South Florida in COVID-19 vaccine distribution.
2021
CVS announces expanded COVID-19 vaccine availability in Texas
CVS Health announced that it would begin offering COVID-19 vaccines to eligible people starting Thursday at 47 pharmacies across Texas, including approximately 15 in the Houston area.
2021
Lyft joins CVS Health vaccine-access effort
Lyft joined CVS Health's effort, alongside the YMCA and nonprofit partners, to help underserved communities access COVID-19 vaccination appointments by providing rides.
2020
Lackie Drug Store sues pharmacy benefit managers over alleged anticompetitive practices
Lackie Drug Store Inc. filed a case in Lonoke County Circuit Court alleging that pharmacy benefit managers, including CVS Health Corporation and Caremark entities, used reimbursement methodologies and practices that were anticompetitive. The allegations include withholding Maximum Allowable Cost information and conspiracy regarding pricing rates; the source reports allegations, not a determination.
2020
Longs Drugs debuts HealthHUB at three Hawaii locations
Longs Drugs and parent company CVS Health held a grand opening ceremony for the HealthHUB store format at three locations in Hawaii.
2020
CVS Health cuts jobs at Aetna during consolidation
CVS Health said it would eliminate an undisclosed number of jobs at Aetna as it reorganizes and consolidates business segments; it described the Hartford cuts as a “very small percentage” of workers.
2020
CVS Health reports second-quarter earnings
CVS Health reported second-quarter earnings, with net income up 55% to $2.97 billion, and said delayed elective procedures reduced costs at its Aetna insurance arm.
2020
CVS Health partners with Pennsylvania agencies on nursing-home testing
CVS Health partnered with Pennsylvania agencies to offer free COVID-19 testing at skilled nursing facilities statewide. Omnicare, a CVS Health company, was set to administer up to 50,000 tests beginning the week of June 29.
2020
Rhode Island partners with CVS Health for drive-through COVID-19 testing
Rhode Island partnered with CVS Health to provide free rapid COVID-19 tests at a new drive-through testing site at Twin River casino in Lincoln.