Most Americans still think of Walgreens and CVS as a place to pick up a prescription and maybe some Hallmark cards. Both companies want to become their medical providers, too. That explains why earlier this week a unit of Walgreens Boots Alliance pushed deeper into medical practices, just two months after CVS Health agreed to buy home-healthcare company Signify Health for $8 billion, The Wall Street Journal reports.
For CVS, which already owns a pharmacy-benefits manager and insurance giant Aetna, now isn’t the time to take its foot off the accelerator, despite pressure to focus on buying back shares. Read more.
