Analysis: Strategic differences have led CVS deeper into healthcare, while Walgreens has focused on enriching their core retail business. Both companies are being tested by the pandemic.

Angelica LaVito / Bloomberg
Link to story

Context

  1. CVS reports 600% surge in telehealth visits via MinuteClinic, 1,000% increase in prescription home delivery – Forbes
  2. CVS Health beats analyst expectations, sees 41% boost in Q1 profits YOY on 7.7% revenue growth; Affirms 2020 earnings guidance – Fierce Healthcare
  3. Walgreens expands telehealth using Microsoft chatbot technology to meet demand during coronavirus outbreak – Healthcare Finance
  4. CVS to scale infusion therapy business nationwide – Modern Healthcare
  5. Walgreens earnings and sales beat expectations – Marketwatch
  6. How Walgreens Gets To $141 Billion In 2020: Pharmacy Or Retail? – Forbes
  7. Report: AmerisourceBergen has approached Walgreens with a $6B deal to buy their pharmaceutical wholesaling division – Reuters

FacebookTwitterPocket