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Retail Pharmacy

CVS Health To Close 900 US Stores Over Next Three Years

Kimberly Redmond | Equities.com |

CVS Health will close about 900 US stores over the next three years as part of a larger shift away from retail and toward healthcare services.

On Thursday, the Woonsocket, Rhode Island-based drugstore chain said its decision — which will ultimately impact 9% of its 10,000 stores nationwide — comes after “evaluating changes in population, consumer buying patterns and future health needs.”


Walgreens Investing Additional $5.2 Billion in Primary Care Provider VillageMD

Kimberly Redmond | Equities.com |

Walgreens Boots Alliance Inc (Nasdaq: WBA) will invest $5.2 billion in primary care provider VillageMD as part of the pharmacy chain’s plan to open more co-located practices within its drugstores across the US.

The investment announced Thursday increases the Deerfield, Illinois-based chain’s stake in VillageMD to 63% from the 30% it acquired in July 2020.


CVS Health To Hire 25,000 in Virtual Career Event Friday September 24

Kimberly Redmond | Equities.com |

CVS Health Corporation (NYSE: CVS) plans to fill as many as 25,000 clinical and retail jobs nationwide ahead of the flu season and as the US prepares to roll out COVID-19 booster shots.

On Monday, the largest pharmacy chain by number of stores said that most of the openings are for temporary, full-time and part-time licensed pharmacists, trained pharmacy technicians, nurses and retail workers.


Walmart To Offer Own Line of Insulin at Lower Cost Than Branded Versions

Kimberly Redmond | Equities.com |

Walmart Inc announced Tuesday it will begin offering private-label insulin this summer at a much lower price than branded versions of the life-saving diabetes drug.

The retailer said it is teaming up with Novo Nordisk A/S to sell an exclusive version of analog insulin through Walmart’s private ReliOn brand as part of a push to expand its health offerings.


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