CVS Health on Tuesday reported an increase of 17.6% in net revenues for the three months ended June 30, 2016, to $43.7 billion. Revenues in the Pharmacy Services Segment increased 20.7% to $29.5 billion in the three months ended June 30, 2016, which CVS Health attributed to an increased pharmacy network claim volume and growth in specialty pharmacy.
Revenues in the Retail/LTC Segment increased 16% to approximately $20
billion for the quarter. The increase was primarily driven by the
addition of the long-term care pharmacy operations acquired as part of
the acquisition of Omnicare in August 2015, the addition of the
pharmacies and clinics of Target Corporation acquired in December 2015
and pharmacy same-store sales growth.. . . more