CVS Wants to Fix Health Care. It’s Time to Buy the Stock.

by Marie Rodriguez

SPRING, Texas—Sixelderly women have completed their morning chair yoga internal a CVS in this Houston suburb.

“It’s peaceful, and also you get a pleasant stretch,” says one. Another says she has been coming to this CVS shop’s MinuteClinic for checkups and treatment for excessive blood pressure, in addition to a nutrients plan that she tracks on her phone thru a partnership with Noom, a diet app. “I log the whole thing,” she says.

Why a CVS and no longer a medical doctor’s workplace? She cites the low cost, short waits, and observe-up calls; honestly, it’s miles Jesse, Jesse, Jesse. He is a care concierge or single contact for the accelerated listing of services at this HealthHUB, one in all three newly designed shops the company is checking out in more Houston. The stores offer a glimpse of how CVS plans to become the brand new front door of fitness care.

“We can take care extra neighborhood, make it less difficult, and help humans gain they’re the fine outcome at the lower value,” CEO Larry Merlo tells Barron’s. “We’re accumulating facts, and in the coming months, we’re going to have an image of the course forward. Expect CVS to talk about its enlargement plans for HealthHUB at a June investor day. The stock (ticker: CVS) has tumbled to a recent $53 from a top of over $one hundred four years ago on stalled profits boom and concerns that CVS’ margins as a drug-rate negotiator will fall.

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