AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. "We plan to close 29 regional pharmacies over the coming months, but are also exploring a possible sale of these assets," Bandit said.Reuters reported in September that CVS is exploring a split between its insurance and retail businesses, amid active investor scrutiny. Expecting higher medical costs during the second-half of 2024, the company slashed its earnings forecast in August.Coram provides on-site infusions, as well as in-home therapies, according to Bandit. Coram's Rhode Island location will also remain open, she said.CVS shares were flat at $66.91 on Friday afternoon. (Reporting by Amina Niasse Editing by Caroline Humer and Bill Berkrot)

Source: Economic Times October 13, 2024 01:08 UTC