Aug 08, 2012
CVS Caremark’s profit and outlook rise on its pharmacy benefits business while WellPoint may be alone in bidding for Medicaid insurer Amerigroup.
The Associated Press/Washington Post: CVS Caremark’s 2nd-Quarter Profit Climbs 18 Percent; Outlook Rises For Drugstore Chain, PBM
CVS Caremark Corp.’s second-quarter net income jumped 18.4 percent, as its drugstores took business from rival Walgreen and an expansion of its pharmacy benefits management segment pushed revenue higher (8/7).
The Wall Street Journal’s Deal Journal: WellPoint Mostly Alone In Amerigroup Hunt
Ever since WellPoint announced plans to buy Medicaid insurer Amerigroup for $4.46 billion last month, analysts have wondered whether other big managed-care firms were also bidders (Kamp, 8/7).
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