(AP) — 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 2025 forecast well above Wall Street estimates. But it booked a nearly $6-billion charge in the quarter for scaling back a care delivery business it expanded two years ago.
The company said Wednesday that it filled more prescriptions at drugstores, partially due to added business from customers of the defunct Rite Aid chain. Sales also rose 9% in the company's health insurance arm, which CVS said was helped by improvements to government business that involves Medicare and Medicaid coverage.
But the company recorded a $5.7-billion goodwill impairment charge for its care delivery business, which include

WPRI 12
The Baltimore Sun
Associated Press Top News
Spectrum Bay News 9 Technology
America News