-
CVS Health Q1 results surpass company expectations
WOONSOCKET, R.I. — CVS Health on Tuesday reported net income for the three months ended March 31 decreased 16.9% year over year to $953 million. According to CVS, this decline was primarily driven by the decline in operating profit, partially offset by lower interest expense of $31 million related to refinancing activity in the prior year as well as the improvement in the effective income tax rate, from 39.4% to 37.3%.
-
AmerisourceBergen inks new 5-year supply deal with Express Scripts
VALLEY FORGE, Pa. — AmerisourceBergen has signed a new five-year pharmaceutical supply agreement with Express Scripts. The companies on Monday announced that AmerisourceBergen would be supplying pharmaceuticals to Express Scripts through Sept. 30, 2022. The previous agreement, which began in 20212, was set to expire in September.