CVS (Aetna)
At a Glance
- Strong revenue increase; slight EBIDTA increase
- 1st issue reporting on combined organization
- Trading volume down; market price up at end of quarter
- Aetna implementing new contracts in FL and KS
- CVS piloting NovoLogix solution with Aetna members in 14 states
Rolling 12 months financials
Stock Performance
Note: reporting CVS stock. Aetna stock exited exchanges Dec. 2018.
Earnings Call Summary
Last call available: 8/7/2019
- Launched 14-state pilot with Aetna members for use of NovoLogix platform (clinical decision support)
- YOY increased revenue mostly driven by Aetna addition
- PBM growth partially offset by decreases in LTC and Retail lines of business
- FL Medicaid win for Aetna (July)
- KS Medicaid Aetna win being implemented
END OF REPORT
