Hagerty CEO on going public, how inflation impacts insurance
Hagerty CEO McKeel Hagerty discusses company growth and insurance inflation.
CVS Health is the local drugstore for many, and now the chain wants to be your doctor as well.
CEO Karen Lynch said in a statement that this "major evolution" will include expanding into areas like primary care.
The company plans to add advanced primary care centers to its mix of drugstores and "HealthHUB" locations it started introducing a few years ago. Those stores can include employees like dietitians and are already trying to provide more health services to customers.
|CVS||CVS HEALTH CORP.||97.62||+4.53||+4.86%|
Additionally, the company offered an upbeat 2022 forecast.
Starting in February, the health care giant will increase its annual dividend by 10% from $2 to $2.20. The company also has approved a $10 billion share repurchase program and said it was the first time CVS Health has made either move in about four years.
CVS Health expects adjusted earnings of $8.10 to $8.30 per share next year with revenue goals of as much as $309 billion.
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