CVS Profit Up On PBM Business, WellPoint Likely Sole Bid On Amerigroup


Topics: Marketplace, Insurance, Medicaid

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).

This is part of Kaiser Health News’ Daily Report – a summary of health policy coverage from more than 300 news organizations. The full summary of the day’s news can be found here and you can sign up for e-mail subscriptions to the Daily Report here. In addition, our staff of reporters and correspondents file original stories each day, which you can find on our home page.

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