Trouble at CVS Health long-term care business weighs heavily on company – Chattanooga Times Free Press

CVS Health is setting 2019 earnings expectations well below Wall Street forecasts, as the company struggles to fix part of its business while blending in a major acquisition and attempting to change how customers use its stores. The drugstore chain and pharmacy benefit manager also is dealing with industry-wide pressure to reduce what customers pay for prescriptions. CVS Health shares sank while broader indexes stayed largely flat Wednesday after the company unveiled its 2019 forecast and detailed fourth-quarter results. CVS Health booked a $2.2 billion charge in the final quarter of 2018 from a business that provides services to long-term ...

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