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WOONSOCKET, R.I. (AP) — Shares of CVS Caremark Corp. rose Tuesday after the company said it expects that profits at its Caremark pharmacy benefits management business will grow in 2012, reversing two years of declines.

The company said net income for Caremark should grow 11 to 15 percent based on its acquisition of Universal American Corp.’s Medicare Part D business, billions of dollars in new contract wins, a deal with health insurer Aetna Inc. and better drug pricing. In 2012 profit from the CVS drugstore chain is expected to rise 7 to 9 percent, about the same as in 2011. CVS Caremark forecast a profit of $2.93 to $3.03 per share for the full year, or $3.15 to $3.25 per share excluding one-time items.

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