CVS outpaced analyst expectations for 2021 under the leadership of Karen Lynch, who came aboard as CEO in February. The company reported $292 billion in revenue for the fiscal year that ended in December 2021—an 8.7% increase year over year. In a quest to revolutionize America’s access to health care, Lynch initiated a plan to transform hundreds of CVS stores into super-clinics that provide primary care—creating what will become the nation’s biggest network of urgent care and primary care outlets. CVS also played a major role in fighting COVID-19, administering over 50 million vaccines and 29 million tests through December 2021. In the fight to retain talent, CVS has announced a minimum wage increase to $15 an hour, effective July 2022.
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Latest news for CVS Health
- LeadershipThe number of women running Fortune 500 companies reaches a record highMay 23, 2022 11:00 AM UTC
- HealthCVS expects demand for COVID-19 tests and vaccines to fade as cases fallFebruary 9, 2022 3:18 PM UTC
- MagazinePfizer’s COVID vaccine has revived its sagging reputation as a Big Pharma brandFebruary 2, 2022 3:30 PM UTC