CVS Health CDR (NEO:CVS)
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CVS to Work on Education and Outreach Efforts to Medicare
Beneficiaries
Nation's Largest Retail Drugstore Will Participate in UnitedHealth Group's
Medicare Pharmacy Drug Benefit Network
WOONSOCKET, R.I., July 6 /PRNewswire-FirstCall/ -- CVS Corporation (NYSE:
CVS), parent of America's largest retail drugstore, CVS/pharmacy, announced
today that the company will partner with UnitedHealth Group (NYSE:UNH) to help
Medicare beneficiaries understand how the new Medicare prescription drug
program (Part D) can provide significant savings on prescription medications.
"Our mission is to make it easier for Medicare beneficiaries to understand the
new Medicare prescription drug program and how to use the benefit most
effectively. UnitedHealth Group shares our commitment and will be a key ally
in our effort to provide Medicare beneficiaries with educational materials that
are consumer friendly and easy to use," said Tom Ryan, Chairman, President and
CEO of CVS Corporation.
In addition to its work with UnitedHealth Group on education and community
outreach efforts, CVS, through its CVS/pharmacy stores and its PharmaCare
subsidiary mail-order facilities, will provide prescription services to
UnitedHealth Medicare plan participants. Earlier this year UnitedHealth Group,
through its Ovations business segment, announced that the company would provide
Part D offerings in all 50 states, the District of Columbia and U.S.
territories. Medicare beneficiaries who receive Part D drug coverage through
UnitedHealth Group will be able to maintain 30 and 90-day prescriptions through
CVS.
"We appreciate the opportunity to work with CVS," commented Tom Paul, President
of Ovations Pharmacy Solutions. "The company has an outstanding reputation for
quality and customer service and offers the largest network of retail
drugstores in the nation. We recognize the important role that community
pharmacies will play in helping consumers understand the new Medicare drug
benefit."
About CVS Corporation
CVS is America's #1 retail pharmacy, operating more than 5,400 retail and
specialty pharmacy stores in 36 states and the District of Columbia. With more
than 40 years of dynamic growth in the retail pharmacy industry, CVS is
committed to being the easiest pharmacy retailer for customers to use. CVS has
created innovative approaches to serve the healthcare needs of all customers
through its CVS/pharmacy stores; its online pharmacy, CVS.com; and its pharmacy
benefit management, mail order and specialty pharmacy subsidiary, PharmaCare
Management Services. General information about CVS is available through the
Investor Relations portion of the Company's website, at
http://investor.cvs.com/, as well as through the pressroom portion of the
Company's website, at http://www.cvs.com/pressroom.
About Ovations
Ovations is the largest U.S. business dedicated to serving the health and
well-being needs of people age 50 and older. It is the only company that
participates in the Medicare program on a national basis, and across the full
spectrum of Medicare products. Ovations provides Medicare Advantage products,
Medicare supplement insurance, hospital indemnity coverage, pharmacy services
and individualized care services for elderly, vulnerable and chronically ill
individuals.
About UnitedHealth Group
UnitedHealth Group is a diversified health and well-being company dedicated to
making health care work better. Headquartered in Minneapolis, Minn.,
UnitedHealth Group offers a broad spectrum of products and services through six
operating businesses: UnitedHealth, Ovations, AmeriChoice, Uniprise,
Specialized Care Services and Ingenix. Through its family of businesses,
UnitedHealth Group serves approximately 55 million individuals nationwide.
Media Contact:
Eileen Howard Dunn
VP, Corporate Communications
CVS/pharmacy
(401) 770-4561
Investor Relations Contact:
Nancy Christal
VP, Investor Relations
CVS Corporation
(914) 722-4704
DATASOURCE: CVS Corporation
CONTACT: Eileen Howard Dunn, VP, Corporate Communications,
+1-401-770-4561, or Nancy Christal, VP, Investor Relations, +1-914-722-4704,
both of CVS Corporation
Web site: http://www.cvs.com/
http://investor.cvs.com/
http://www.cvs.com/pressroom