MinuteClinic sees 24% revenue increase in Q2

WOONSOCKET, R.I. — CVS Caremark’s MinuteClinic business enjoyed double-digit revenue gains during the second quarter as it remains on track to open at least 150 new clinics in 2014.

Revenues during the quarter ended June 30 increased 24% compared with the year-ago period, CVS Caremark president and CEO Larry Merlo told analysts during the company’s second-quarter conference call Tuesday morning.

It currently operates 860 clinics in 28 states and Washington, D.C.

Merlo also highlighted its recently announced partnership with USA Football, which makes MinuteClinic its official retail medical clinic and sports physical provider.

“We will offer a special discount for sports physicals to more than one million young athletes and their coaches,” Merlo told analysts.

He also noted the recent addition of four U.S. health system alliances during the quarter, as well as another four alliances in July. This brings to 40 the total number of affiliations with major U.S. health systems.
 

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