CVS Profits Rise As Health Hubs Open

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CVS Profits Rise As Health Hubs Open
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As CVS opens new “health hub” stores in the U.S., the company said the addition of Aetna is boosting profits almost a year after the drugstore chain bought the nation’s 3rd-largest health plan

CVS Pharmacy building sign rests on a Jackson, Miss., store in this Aug. 7, 2018, file photo. CVSASSOCIATED PRESS

CVS, which completed its acquisition of Aetna in December of last year, is now focused on rolling out the HealthHub stores in four U.S. metropolitan areas and 50 locations by the end of this year. CVS earlier this year began to pilot three “HealthHUB” locations in Houston that dedicate more than 20% of the store to health services that include new durable medical equipment, supplies and various new product and service combinations. CVS is adding thousands of new personal care items as well as additional services at its MinuteClinics in the health hub stores.

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