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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%.
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Marsh Supermarkets to close all of its pharmacies
INDIANAPOLIS — Marsh Supermarkets will close all 37 of its Indiana in-store pharmacies during a three-day period beginning May 3, according to several media reports. All prescription information and inventory will be transferred to CVS Pharmacy.
Terms of the Marsh-CVS transaction were not disclosed.