CVS Health shifts focus to integration and home-based care deals.

1 min read
Source: Reuters
CVS Health shifts focus to integration and home-based care deals.
Photo: Reuters
TL;DR Summary

CVS Health announced it will pause its recent acquisition spree to focus on integrating healthcare service provider Signify Health and primary care provider Oak Street Health. The company may look at additional opportunities in technology for home or health services in the longer term. CVS cut its full-year profit forecast to account for transaction and integration costs related to the two deals, and its shares fell 3%. However, the company beat Wall Street estimates for first-quarter profit and revenue as a recovery in medical procedures boosted sales of prescription drugs.

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