A federal judge has ordered CVS Health’s pharmacy benefit manager, Caremark, to pay nearly $290 million after a whistleblower accused the business of overcharging Medicare on prescription drugs more ...

CVS announced CostVantage in late 2023 as its pharmacies struggled with flatlining payment for dispensing drugs. The company blamed an antiquated reimbursement model that led pharmacies to use higher ...

Rite Aid plans to sell the pharmacy assets of its 1,000-plus locations nationwide to several competing chains, including CVS Pharmacy and Walgreens. In a May 15 press release, the now-bankrupt ...

CVS Pharmacy is closing hundreds of stores in 2025 as part of restructuring efforts. According to its recent annual report from February 2025, CVS announced will close 271 retail pharmacies this year.

CVS is looking to grow itself by shrinking. The pharmacy chain is opening around a dozen stores this year that are about the half the size of its traditional layout and have only a pharmacy — ditching ...