CVS plans to team up with a primary-care company by the end of the year, the company announced on Wednesday.
A doctor’s offices with a physician or nurse practitioner is on the their plans, CVS CEO Karen Lynch said on the company’s second-quarter earnings call.
Lynch noted that CVS’s nearly 4.8 million customers interact with the health-care company’s locations every day and that the goal is to team up with a provider with a strong management team and the ability to grow quickly.
Recently CVS acquired insurer Aetna and pharmacy benefits manager Caremark, as the company keeps adding more health services taking advantage of its locations across the U.S.
Other health-care players have already made similar moves. While Walgreens is opening hundreds of doctor offices in partnership with VillageMD, Walmart is growing its number of clinics.
Also, CVS Health on Wednesday lifted its earnings outlook for the year, after beating Wall Street’s expectations for the second quarter.
The firm said it now expects adjusted earnings per share for the full year to come in between $8.40 and $8.60, compared with its earlier estimate of between $8.20 and $8.40.
