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CVS Health approves quarterly dividend

BY Michael Johnsen

WOONSOCKET, R.I. – CVS Health on Thursday announced that its board of directors has approved a quarterly dividend of 42.5 cents per share on the corporation's common stock.

The dividend represents a 21.4% increase as compared to the quarterly dividend of 35 cents per share approved one year ago.

The dividend is payable on Nov. 3, 2016, to holders of record on Oct. 24, 2016.

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CVS Health expands Curbside pick-up service to 4,000 locations

BY Michael Johnsen

WOONSOCKET, R.I. —  CVS Health will be offering curbside pickup through its partnership with Curbside at more than 4,000 locations beginning Monday, following a successful pilot launch across  San Francisco, Charlotte, North Carolina and Atlanta, according to reports.

"The response and adoption of CVS Curbside from our customers has been very positive," Brian Tilzer, CVS Health SVP and chief digital officer, told Drug Store News. "We operate on a customer-first mentality so our innovations are focused on adding value and creating convenience for our customers," he said. "We actually saw CVS Curbside as an added convenience and way to create more visits to our store. Through our pilot testing, we found that on average, basket purchases were larger through online delivery and Curbside pick-up vs. in-store."

Through the Curbside service, customers can submit an order through their CVS app. CVS will send a text when the order is ready, which is usually within the hour. An employee then meets the customer at the curb with the order in hand.

According to reports, CVS Health realized a higher rate of repeat purchases through the Curbisde pilot than through regular buy-online and pick-up-in-store options.
 
CVS Health first announced its partnership with, and investment in, Curbside in April.

 

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SNL alumnus Seth Meyers to headline NACDS Foundation Dinner

BY Michael Johnsen

ARLINGTON, Va. – Emmy-award-winning writer and Saturday Night Live alumnus Seth Meyers will headline the National Association of Chain Drug Stores Foundation Dinner, which will be held on December 1, 2016, in New York, the association announced Wednesday.

Meyers currently hosts "Late Night with Seth Meyers on NBC." The New York Times recently referred to Meyers as the “smartest talk show host” of his generation.

“As the Foundation comes together during the NACDS Foundation Dinner to celebrate accomplishments and renew commitments to advancing patient care, we look forward to the unique perspective Seth Meyers will bring – in what has certainly been a year filled with turbulent political and world events,” stated Kathleen Jaeger, NACDS Foundation president. “In addition, we look forward to welcoming someone with such a strong reputation for giving back, as Seth Meyers does through his engagement and support for Memorial Sloan Kettering Cancer Center and Children’s Hospital Los Angeles, among others.”

In its 18th year, the NACDS Foundation Dinner and contributions from the Foundation’s benefactors help support evidence-based research that advances patient care, pharmacy education, student scholarships and charitable organizations that improve patient outcomes.

The Foundation has continued to advance its mission this year through several vital initiatives, including a collaborative response to the Zika virus public health emergency with the Centers for Disease Control and Prevention, the CDC Foundation, the March of Dimes and other stakeholders to raise awareness about the Zika virus and protect at-risk populations in Puerto Rico and the U.S.

The Foundation is also partnering with more than 100 pharmacies on an innovative Point-of-Care Testing program to chart the health benefits of community-based services for a variety of common ailments and infections. In addition, as public health authorities raise awareness about HIV (human immunodeficiency virus) testing and Hepatitis C awareness as a way to prevent liver damage and liver cancer, a study funded by the Foundation is evaluating a model which would improve patient care by increasing access to important HIV and Hepatitis C testing. Demonstrating its ongoing commitment to supporting pharmacy education, the Foundation also provided $230,000 in scholarships and grants through its 2016 NACDS Foundation Scholarship Program.

During his 13-year tenure as a popular Saturday Night Live personality and head writer, Meyers was known for his sharp wit and insightful political commentary. Among Meyers’ many accolades, in 2014 he was named one of Time magazine’s 100 most influential people in the world – the same year in which he hosted the 66th Primetime Emmy Awards. Meyers won an Emmy Award in 2011, and has earned 13 Emmy Award nominations.

Meyers is a graduate of Northwestern University.
 

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