8 result(s) displayed (1 - 8 of 8):

Storm clouds over CVS Caremark (from Corporate Dealmaker)

In a three-way contest for national drugstore dominance, the success of CVS CEO Tom Ryan at buying and integrating rival pharmacy chains paved the way for a 2007 deal that broke the mold: the $26 billion acquisition of pharmacy benefits manager Caremark Rx Inc. to create  CVS Caremark Corp. (NYSE:CVS).It...

Posted on November 6, 2009 12:56 PM

Walgreen and CAT take on drug prices (from Corporate Dealmaker)

What could possibly bring drugstore operator Walgreen Co. (NYSE:WAG) and big equipment manufacturer Caterpillar Inc. (NYSE:CAT) together? Soaring healthcare prices. The companies recently announced an agreement in which Caterpillar's 70,000 employees, retirees and eligible dependents will have the option to buy prescription drugs from Walgreen at discounted prices. The deal...

Posted on September 11, 2009 3:37 PM

Will Senators spark FTC review of CVS Caremark? (from Corporate Dealmaker)

When CVS Corp. combined with pharmacy benefits manager Caremark Rx Inc. for $26 billion, creating CVS Caremark Corp. (NYSE:CVS) in 2007, some heads turned at the drugstore's aggressive move into PBM, where it faces possible conflicts of interest.Lately, objections to CVS' dual role as both a major seller of medicines...

Posted on July 31, 2009 2:01 PM

CVS may acquire Aetna's PBM business (from Corporate Dealmaker)

In 2007, CVS Corp. combined with pharmacy benefits manager Caremark Corp. for $26 billion, creating CVS Caremark Corp. (NYSE:CVS). Now, CVS may be looking to expand on that deal and acquire the 11.2 million member pharmacy-benefit management business of health insurer Aetna Inc. (NYSE:AET).The Wall Street Journal, citing people familiar...

Posted on July 27, 2009 11:12 AM

Healthy Medco eyes deals (from Corporate Dealmaker)

Buoyed by an 8% increase in profits, Medco Health Solutions Inc. (NYSE:MHS) seems primed to pursue acquisitions. That was the message delivered by chief executive David Snow, who suggested in announcing first-quarter earnings that the company would consider a major acquisition at the right price.  The message isn't a surprise....

Posted on April 30, 2009 7:30 AM

Major merger in e-prescriptions is also an interesting governance exercise (from Corporate Dealmaker)

No money changes hands, but an important merger for the healthcare industry was announced Tuesday. It's the combination of the two biggest electronic prescription networks, RxHub LLC and SureScripts LLC. The former is owned by community pharmacists and the big drugstore chains, including Rite-Aid Corp. and Wal-Mart Stores Inc.; the...

Posted on July 1, 2008 4:28 PM

Fourth-quarter-boosting acquisitions (from Corporate Dealmaker)

One quarter doesn't determine the success of a deal, but quarterly earnings reports do offer a chance to check up on how various acquisitions have fared since they closed. The headliner for this quarter would have to be last year's pharmacy chain merger of equals between CVS Corp. and Caremark...

Posted on January 31, 2008 2:23 PM

The year in outsourcing (from Corporate Dealmaker)

Technology Partners International has released its year-to-date snapshot of global outsourcing trends. Here are a few highlights of the 2Q06 TPI Index —The business process outsourcing market has been sizzling so far in 2006, with a record number of deals, 92, being signed YTD. Financial services outsourcing was the most...

Posted on July 18, 2006 2:10 PM