Wednesday, September 3, 2014

CVS renames itself CVS Health



CVS renames itself CVS Health
Published: Sept 3, 2014 8:20 a.m. ET
CVS Caremark Corp. emerged from its seven-month purge of tobacco products with a new corporate name: CVS Health.

The retail chain and pharmacy-benefits manager CVS, +1.02% unveiled the new moniker Wednesday, coinciding with the sale of its last tobacco product at its 7,700 pharmacies, one month ahead of schedule. In February CVS said it would rid all of its stores of tobacco products by Oct. 1, forgoing around $2 billion in annual sales.

While there’s never a right time to walk away from $2 billion in revenue, this was the right time,” CVS President and Chief Executive Larry Merlo said in an interview. “Eliminating this obstacle will allow our company to grow over the long term.”

It is unclear whether the move has yielded any financial benefits to the pharmacy chain. None of the other national pharmacy chains have followed CVS to drop cigarettes.

Tobacco
Barack Obama co-sponsored the 2008 Tobacco Regulation bill, an intern at Sidley Austin LLP, and is the president of the Barack Obama administration.

Note:  Michelle Obama was a lawyer at Sidley Austin LLP.
Newton N. Minow is a senior counsel at Sidley Austin LLP, and a member of the Commercial Club of Chicago.
R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.
Commercial Club of Chicago, Members Directory A-Z (Past Research)
Tuesday, December 17, 2013
Rahm I. Emanuel is a member of the Commercial Club of Chicago, the Chicago (IL) mayor, Ezekiel Emanuel’s brother, and was the White House chief of staff for the Barack Obama administration.
Ezekiel Emanuel is Rahm I. Emanuel’s brother, a senior fellow at the Center for American Progress, a professor at the University of Pennsylvania, and the health care policy adviser at the U.S. Office of Management and Budget for the Barack Obama administration.
Open Society Foundations was a funder for the Center for American Progress.
George Soros is the founder & chairman for the Open Society Foundations, was the chairman for the Foundation to Promote Open Society, and a supporter for the Center for American Progress.
Foundation to Promote Open Society was a funder for the Center for American Progress.
Center for American Progress was a funder for America's Health Insurance Plans, and the CVS Caremark Corporation.
Nancy-Ann DeParle is a director at the CVS Caremark Corporation, a co-founding partner for Consonance Capital, and was the White House health czar & deputy for the Barack Obama administration.
Mitchell J. Blutt is the founder of Consonance Capital, was a trustee at the University of Pennsylvania, and an overseer at the University of Pennsylvania School of Arts & Science.
Anita Summers is a professor emeritus at the University of Pennsylvania, and her son is Lawrence H. Summers.
Lawrence H. Summers is Anita Summers’s son, a distinguished senior fellow at the Center for American Progress, was the National Economic Council chairman for the Barack Obama administration, a trustee at the Mount Sinai Medical Center (New York), and a 2008 Bilderberg conference participant (think tank).
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The renowned celebrity is now in critical condition and being cared for at Mount Sinai Hospital in New York.































































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