CVS Again Increases Its Offer for Caremark
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CVS delivered what it hoped would be a knockout punch in the fight to acquire Caremark, raising its offer to $26 billion.
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Health insurer Humana Inc. HUM.N said  on Tuesday it agreed to acquire CarePlus Health Plans for $408  million to boost its Medicare-linked plans in Florida, the  latest union in the consolidating HMO sector.
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CVS Corp. , the No. 2 U.S.  drugstore chain, posted a 2.7 percent rise in quarterly profit  on Thursday, driven by strong sales of prescription medications  and greater use of generic drugs, which are more profitable for  pharmacies.
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The company said that it also would consider âselectâ acquisitions and was looking for other pharmacy-related health care opportunities.
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The largest U.S. health insurer said higher premiums revenue helped offset a 10 percent rise in medical benefit costs.
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New claims for jobless benefits moved higher last week, a possible sign that employers haven&#39;t completely let go of their caution and are looking to cut costs.
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CVS Corp.  on Thursday again sweetened its $23.9 billion takeover bid for Caremark Rx Inc.  with an increased dividend, calling the new proposal its "best and final" offer.
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Natural and organic food retailer  Whole Foods Market Inc.  said on Friday that it  extended its tender offer for rival Wild Oats Markets Inc.   again.
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The massive retailer has reportedly renewed efforts to build its presence there.
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Express Scripts said it would not make a higher offer for Caremark, which some analysts said might mean a victory for CVS.
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New offer is 20% above earlier approach.
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Caremark Rx Inc.  said on  Thursday its board supported a sweetened $23.5 billion takeover  bid from CVS Corp.  and rebuffed a hostile $26.9 billion  offer from rival Express Scripts Inc.
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Hospital chain HCA said yesterday it will allow employees and its executives to cash in certain stock options earlier than was originally scheduled, a move that could be a financial plus for
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CVS Corp.  sweetened its bid for Caremark Rx Inc.  on Tuesday by tripling a proposed special cash dividend for the pharmacy benefit manager's stockholders to $6 per share, after proxy advisory firms urged rejection of the previous offer.
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The health insurer expects the proposed $408M acquisition to boost its offerings of Medicare plans. CHICAGO  - Health insurer Humana Inc.
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The $760.5 million purchase of the home health services provider continues Walgreenâs expansion of health-related offerings.
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CVS Corp.  sweetened its bid for Caremark Rx Inc.  on Tuesday by tripling a proposed special cash dividend for the pharmacy benefit manager's stockholders to $6 per share, after two proxy advisory firms urged them to reject the previous offer.