HomeBusinessCVS says it plans to get into primary care by year end

CVS says it plans to get into primary care by year end

A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York.

Shannon Stapleton | Reuters

CVS said Wednesday that it plans to acquire or take a stake in a primary-care company by the end of the year, as competition heats up with Amazon and Walgreens.

CEO Karen Lynch said on the company’s second-quarter earnings call that the company wants to team up with a provider that has a strong management team and tech background and the ability to grow quickly.

CVS, best known for its many drugstores, has touchpoints across the health-care industry. It has acquired insurer Aetna and pharmacy benefits manager Caremark. Customers can get vaccines or urgent care at MinuteClinic outposts inside of its stores. And the company keeps adding more health services to those locations, too — it recently introduced therapy services at some stores.

CVS doesn’t yet have doctor offices where…

Read more at www.cnbc.com

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