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August 8, 2019

Aetna deal begins to pay off for CVS

  • The drugstore chain acquired insurer Aetna last November, adding coverage for nearly 23 million people.
    AP Health Writer

    CVS Health swung back to a profit in the second quarter, thanks to an influx of health insurance revenue, and the company raised its 2019 forecast beyond Wall Street expectations.

    Shares of the drugstore chain and pharmacy benefit manager outpaced the broader market in Wednesday trading after the company detailed its better-than-expected quarterly performance.

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