The FDA issued a notice warning consumers about 26 over-the-counter eye drop products that could result in eye infections. In its notice, the FDA instructed consumers not to purchase and to immediately stop using these products. Using those eye drops could lead to the risk of infections that could result in partial vision loss or […]
CVS Health
CVS Health to buy Signify Health for $8B
CVS Health (NYSE:CVS) announced that it entered into an agreement to acquire Signify Health for approximately $8 billion. Home healthcare services company Signify Health offers clinical, social, and behavioral services to support value-based healthcare. It provides a mobile network of 10,000 credentialed clinicians who offer in-home evaluations of Medicare Advantage and Medicaid plan members. CVS […]
CVS to double drive-thru COVID-19 testing sites
CVS Health (NYSE:CVS) announced today that it plans to add more than 2,000 new COVID-19 drive-thru test sites at select locations around the U.S. Currently, CVS manages the largest number of independently run COVID-19 test sites in the country, according to a news release. It expects that the 2,000 new locations will just about double its […]
SmileDirectClub sets $20.50 per-share midpoint for $1.5B IPO
SmileDirectClub today set the pricing range on an initial public offering that could fetch up to $1.5 billion. Nashville, Tenn.-based SmileDirectClub produces 3D-printed clear dental aligners designed to provide an alternative to traditional braces. It boasts affordable orthodontic solutions, comparing its price of less than $2,000 to the $5,000 to $8,000 charged for traditional braces. […]
Judge clears CVS to buy Aetna for $70B
A federal judge has approved CVS Health’s (NYSE:CVS) $70 billion acquisition of health insurer Aetna (NYSE:AET). Judge Richard Leon of the U.S. District Court for the District of Columbia had threatened to delay or kill the merger in December over antitrust concerns. The American Medical Association, among others, had expressed concerns about the deal. The […]
SmileDirectClub sets range on $1.5B IPO
SmileDirectClub yesterday set the pricing range on an initial public offering that could fetch up to $1.5 billion. Nashville, Tenn.-based SmileDirectClub produces 3D-printed clear dental aligners designed to provide an alternative to traditional braces. It boasts affordable orthodontic solutions, comparing its price of less than $2,000 to the $5,000 to $8,000 charged for traditional braces. […]
CVS launches trial for HemoCare home dialysis device
CVS Health (NYSE:CVS) launched a clinical trial of the home hemodialysis device it developed in conjunction with Dean Kamen’s Deka Research & Development, aiming to capitalize on the federal government’s plan to overhaul the way kidney disease is treated in the U.S. CVS said the 70-patient study is designed to evaluate the safety and efficacy of […]
CVS to shut down its hearing aid centers nationwide
(NYSE:CVS) plans to close its hearing centers across the U.S. ahead of an anticipated FDA move to allow the sale of over-the-counter hearing aids. The drugstore chain began offering audiology services in a few stores in Ohio and Texas in 2015, expanding to 50 stores nationwide with the majority in California and Florida, according to […]
Judge threatens to delay or even spike $70m CVS-Aetna merger
A federal judge last week reportedly threatened to derail the already-closed $70 billion buyout of health insurer Aetna (NYSE:AET) by CVS Health (NYSE:CVS), saying he felt “kept in the dark, kind of like a mushroom.” At a normally routine hearing last week prior to approving the deal, Judge Richard Leon, of the U.S. District Court for the District of Columbia, […]
Siemens, CVS, Athenahealth back new Pa.-based medtech accelerator
Siemens (NYSE:SI), CVS Health (NYSE:CVS) and Athenahealth (NYSE:ATHN) have joined on as backers of Smart Health Innovation Lab, a new Lancaster, Penn.-based medtech accelerator that opened this week. The accelerator was developed collaboratively by Aspire Ventures, Capital BlueCross, Clio Health and Penn Medicine Lancaster General Health, according to a press release. The incubator lab will provide a 12-week […]
CVS Health launches drug-pricing tool for pharmacies
CVS Health (NYSE:CVS) announced this week that it plans to launch a program to help consumers compare drug prices at the pharmacy counter. The company’s Rx Savings Finder program is designed to enable pharmacists to evaluate individual prescriptions and find the lowest cost option for consumers. The tool is available at all CVS Pharmacy locations, the […]
