Caremark board supports new CVS offer
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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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The American Medical Association said  on Monday it will ask state and federal health authorities to  investigate retail health clinics such as those offered in  CVS/Caremark stores , Wal-Mart Stores  and  Walgreen Co.  for possible conflicts of interest.
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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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Proxy advisory firm Glass Lewis said on Friday it recommended that shareholders of Caremark Rx Inc.  rejected the planned $24 billion takeover by drug-store chain CVS Corp.
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Heart attack prevention has just taken another step with the US Food and Drug Administration&#39;s go-ahead for one of the nation&#39;s best-selling cholesterol
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The credit-card company offers a hybrid rewards program for savers.
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The new offer of $25.7 billion came just hours before a judge made a surprise ruling that will force Caremark to postpone its shareholder vote on the CVS deal.
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WILMINGTON, Del. -- A Delaware judge yesterday refused to invalidate a $675 million breakup fee aimed at protecting the proposed acquisition of pharmacy benefits manager Caremark Rx Inc. by drugstore giant CVS Corp.
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(InfoWorld) - Two large health insurance trade groups based in the U.S. have released a model for personal health records, a portable, Web-based tool that includes a customer's insurance claims, immunization records, medication records and other health information. America's Health Insurance Plans (AHIP) and the Blue Cross and Blue Shield Association, whose members provide health insurance to about two thirds of U.S. residents, unveiled the personal health record model Wednesday. The two groups saw the importance of working together on the project, said Susan Pisano, vice president of communications for AHIP. "This is really an effort that cries out for collaboration," she said. U.S. President George Bush has pushed for electronic health records to be available to all U.S. residents by 2014. Backers of such records say they will improve the efficiency of the U.S. health-care system and cut down on errors such as drug interaction problems. Personal health records, or PHRs, "may be one of our most important contributions to helping improve health care," Ronald Williams chairman, chief executive and president of insurer Aetna Inc., said in a statement. PHRs are similar to other electronic health records, although they include less specific treatment information. Electronic health records typically are used by health-care providers to store and manage detailed clinical information. Patients will be able to enter information into their PHRs, in addition to information from pharmacies, laboratories and medical providers, the groups said. The model released Wednesday includes definitions of data elements that should be included in PHRs, such as risk factors, family history, health-care facilities and medications taken. The model also includes standards for the PHRs to be portable between insurers and providers, and rules about when insurers can share the information. Insurers can send the information to a new insurer only after the patient gives consent and has enrolled in the new insurance plan, Pisano said. Those tight sharing rules were designed to address concerns about the PHRs used by insurance underwriters, she said. The PHR model also set 2008 as the deadline for insurers to incorporate the data elements and adopt the portability standards, she added. The groups said the U.S. is still "many years" away from a fully interoperable health records system. But Dr. Robert Kolodner, interim national coordinator for health information technology at the U.S. Department of Health and Human Services, praised the groups' efforts. The new model is a "step forward in the national health IT agenda," he said in a statement. Earlier this month, five major corporations -- Applied Materials Inc., British Petroleum America Inc., Intel Corp., Pitney Bowes Inc. and Wal-Mart Stores Inc. -- announced plans to fund the development of a Web-based system that would allow their employees and retirees to access and maintain personal medical records. The companies said the plan could help them cut health-care costs.
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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.
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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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For the first time in its history, Medicare has begun to systematically make payments for new and expensive treatments and diagnostic tests conditional on agreement by companies or other groups
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Pharmacy-benefit manager Express Scripts Inc. launched a $26 billion bid Monday for its larger competitor Caremark Rx Inc., potentially scuttling a competing offer from drug chain CVS/pharmacy.
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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 Centers for Medicare &amp; Medicaid Services (CMS) today proposed to expand coverage of implantable cardioverter defibrillators (ICDs), a move expected to save thousands of lives a year.
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CV Therapeutics announces a new plan to reduce costs.