CVS Health rode double-digit sales growth from drugstores and its pharmacy benefits management business to a better-than-expected third quarter.
The health care giant also hiked its forecast above Wall Street estimates. But it booked a nearly $6-billion charge in the quarter for scaling back its care delivery business.
The company said Wednesday it filled more prescriptions. Sales also rose 9% in its health insurance arm.
But the company recorded a $5.7-billion goodwill impairment charge for its care delivery business, which includes Oak Street Health primary care clinics it bought for about $10.6 billion in 2023. CVS Health will close 16 clinics early next year and reducing the clinics it plans to open.
CVS Health and competitor Walgreens pushed aggressively into adding clinics to dri

The Journal Gazette Business

The San Diego Union-Tribune Business
The Baltimore Sun
Associated Press Top News
Fast Company
Newsday
Spectrum Bay News 9 Technology
The Argus Leader
Vogue Runway
NBC News Video
Page Six