CVS Looking To Expand Health Service Offerings

Posted Sunday, August 7, 2022

CVS Health (NYSE: CVS) is one of many large corporations that have expressed interest in expanding health service offerings into primary care, provider enablement and home health care.

CVS Health CEO Karen Lynch reiterated that plan Wednesday.

“There are multiple pathways for us to make a mark on community health care and our ability to achieve our strategic goals. We have very specific criteria that we look at as we’re evaluating our many options. We look to see if there’s a strong management team, a very strong tech stack, the ability to scale and a pathway to profitability.”

Despite losing out to Amazon Inc. (Nasdaq: AMZN) on a bid for primary care player One Medical, Lynch said CVS Health plans to acquire or take a stake in a primary care company by the end of 2022.

CVS Health’s focus falls in line with other companies, like Amazon and Walgreens Boots Alliance (Nasdaq: WBA), that are becoming nontraditional primary care providers.

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