CVS Health Corporation expands through several prominent acquisitions
CVS Health Corporation (CVS) has completed several mergers and acquisitions to expand their product offerings and increase their presence in the healthcare sector. In 2015, the company also acquired Target's 1,674 pharmacies and clinics for $1.9 billion, contributing to the segment's strong sales performance in 2016. Following the company's 2018 acquisition of Aetna, a major healthcare provider, CVS announced plans in 2019 to transform a select number of its retail locations into HealthHUBs. The first HealthHUB was opened in early 2019 in Houston. The new design puts healthcare at the forefront, with an estimated 20.0% of the store dedicated to health services. https://www.cvshealth.com/news-and-insights/press-releases/cvs-health-completes-acquisition-of-aetna-marking-the-start-of
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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