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Last $105.55 USD
Change Today -0.16 / -0.15%
Volume 2.5M
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

cvs health corp (CVS) Key Developments

CVS Health Opens New Digital Innovation Lab in Boston, Massachusetts

CVS Health has opened a new Digital Innovation Lab in Boston, Massachusetts. The new facility will focus on developing digital services and personalized capabilities. The Lab will serve as a vital hub for the rapidly growing digital team at CVS Health, which will remain headquartered in Woonsocket, R.I. The Digital Innovation Lab will embody the CVS Health digital team's mission to run like a startup, accelerating speed-to-market and impact of digital innovation across the enterprise, by using the resources of the Lab to rapidly test, improve and implement new programs. Primary focuses of the Lab will include the exploration of breakthroughs for digital health through innovation in mobile, personalization, multi-channel e-commerce, connected health and digital therapeutics. The Digital Innovation Lab, located at 116 Huntington Avenue in Boston's Back Bay neighborhood, will ultimately employ up to 100 team members, complementing the work of the more than 100 digital professionals currently at the company's Digital Experience Center in Woonsocket. The company is actively recruiting talent with expertise in everything from application development and creative digital design, to engineering, coding, usability and customer experience.

The Pittsburgh Business Group on Health Inks Three-Year Contract with CVS Health Corp

The Pittsburgh Business Group on Health inked a three-year contract with CVS Health Corp. that is expected to save group members $75 million over the three-year life of the agreement. The new agreement goes into effect in January 2016. CVS will provide pharmacy benefit management services for PBGH's 80 employer-members, serving about 175,000 members and overseeing more than $200 million in prescription drug expenditures annually. The PBGH-CVS contract also comes at a busy time for CVS, which announced a $1.9 billion takeover of Target's pharmacy business June 16 and a $12.7 billion acquisition of Omnicare Inc. last month.

Norman de Greve to Join CVS Health as Chief Marketing Officer, Effective July 15, 2015

CVS Health announced that Norman de Greve will join CVS Health as Chief Marketing Officer, effective July 15, 2015. In this role, de Greve will be accountable for marketing strategy across the enterprise. Currently, President of the Boston and Detroit offices of DigitasLBi, de Greve has deep experience in cross-channel communications planning, brand campaigns, media, loyalty and analytics in some of the most competitive industries, such as financial services, health care, travel, retail and automotive.

CVS Health Corporation, Target Corp. - M&A Call

To discuss definitive agreement for CVS Health to acquire Target's pharmacy and clinic businesses for approximately $1.9 billion

Target Corp., CVS Health Corporation - M&A Call

To discuss definitive agreement for CVS Health to acquire Target's pharmacy and clinic businesses


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CVS:US $105.55 USD -0.16

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Industry Average

Valuation CVS Industry Range
Price/Earnings 25.9x
Price/Sales 0.8x
Price/Book 3.2x
Price/Cash Flow 25.1x
TEV/Sales 0.7x

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