CVS says it canoffer about 80 percent of the services your average primary-carepractice provides, as well as some things that they don't,including urgent care and sleep-apnea screenings. (Photo:Shutterstock)
Shares of CVS Health Inc. have been battered in recent monthsalong with other health-care companies amidstepped-up scrutiny of the industry's pricing practices and callsfrom lawmakers and the Trump administration to overhaul the currentcomplicated and costly U.S. health system. CVS also has had theadded task of integrating Aetna Inc., the insurer it boughtfor $69 billion in November as part of an ambitious plan totransform itself from a pharmacy giant into a a more completeprovider of health-care services.
It was against this backdrop, and with CVS's shares down31 percent since completing the Aetna deal, that thecompany held its much-anticipated investor day Tuesday. It markedthe first comprehensive update of CVS post-merger, and was a chancefor management to convince shareholders that the combined companywas up to the challenges ahead and moving in the right direction.Based on the stock's initial positive reaction, investors seem tohave liked what they heard. That upbeat vibe isn't misplaced.
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