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June 25, 2020 at 08:00 am
CVS Health expanded its COVID-19 testing program by announcing 44 additional test sites at select CVS Pharmacy drive-thru locations across Texas. The opening of additional test sites on June 26 add to the 86 locations previously opened in Texas. The opening of these new sites reflects the company's commitment to meeting ongoing demand for testing, as well as expanding testing capacity to respond to a surge in new COVID-19 cases. The nearly 200 additional test sites opening across the country this week are among the more than 1,400 locations CVS Health has opened since May and expand the company's testing capacity to more than 1.5 million tests per month, subject to availability of supplies and lab capacity. In addition to the drive-thru sites, CVS Health has partnered with a number of community organizations to open eight rapid-response community testing sites across the country, including sites at Mercy Clinic'sSouth Fort Worth Clinic and the Ibn Sina Wilcrest Community Clinic in Houston to increase access to testing for uninsured and underserved populations who are at highest risk for COVID-19.
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Latest news about CVS Health Corporation
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News Highlights : Top Company News of the Day - Tuesday at 11 AM ET | DJ | |
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Company Profile
CVS Health Corporation is one of the leading American suppliers of health products and services. Net sales (including intragroup) break down by activity as follows:- medical insurance plan management services (45.6%; Pharmacy Benefit Management): administrative management (reimbursem*nt management, patient claim processing, etc.), drug distribution, decision-making information, sales of medical information management services, etc.;- retail distribution (28.5%): sale of prescription pharmaceutical products, OTC products, beauty and cosmetics products. At the end of 2023, products are marketed primarily via a network of more than 9,000 outlets and via the Internet. In addition, the group offers healthcare services through more than 1,000 clinics (MinuteClinic®);- medical benefits management (25.8%);- other (0.1%).
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Calendar
2024-05-29 - Bernstein Strategic Decisions Conference - Fireside Chat
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Ratings for CVS Health Corporation
Trading Rating
Investor Rating
ESG Refinitiv
B-
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Analysts' Consensus
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
57.32USD
Average target price
71.37USD
Spread / Average Target
+24.52%
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Company calendar
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- CVS Health Expands Testing Capabilities Amid Rise in COVID-19 Cases; Adds 44 Additional New Drive-Thru Test Sites in Texas