Same-store sales increased 1.7% for the year, with pharmacy same-store sales up 4.5% and front-store same-store sales down 5%.
CVS Pharmacy & Business News
See photos of the first CVS Pharmacy inside of a Target store in Charlotte, N.C.
All told, CVS Health will convert 1,672 Target pharmacies to CVS Pharmacy locations around the country on a rolling basis over the next six to eight months.
With more than 7,900 retail pharmacies and more than 1,100 retail clinics, CVS Health has leveraged its scale and market penetration to become a prime community health resource nationwide.
The availability of the antidote to opioid overdoses through retail pharmacy is increasing.
Drug Channels on Thursday released its latest ranking of pharmacies based on total prescription revenues, with Walgreens Boots Alliance the largest of retail pharmacies, followed by CVS Health and Walmart. "We estimate that total revenues of retail, mail and specialty pharmacies reached $364.1 billion in 2015, up 12.1% from 2014," wrote Adam Fein, CEO Drug Channels Institute. "The top tier of dispensing pharmacies ... accounted for about 64% of U.S. prescription dispensing revenues in 2015." (Drug Channels)
Through these newly formed alliances, CVS Health will establish workforce development programs and strategies that facilitate multicultural talent acquisition.
Clinics were evaluated on compliance in care coordination, infection prevention and control, patient education and medication management.
The new affiliations announced here bring the total number of clinical collaborations for CVS Health and MinuteClinic to nearly 70 major health systems and health care providers across the country.