January 23, 2019

Around the nation: CVS, Walmart resolve dispute, announce new contract

Daily Briefing

    CVS Health and Walmart on Friday announced they have signed a new multi-year contract, ending a dispute the two companies had over reimbursement rates, in today's bite-sized hospital and health industry news from Arkansas, Illinois, Rhode Island, and Virginia.

    • Arkansas/Rhode Island: CVS Health and Walmart on Friday announced they have signed a new multi-year contract, effectively ending a dispute the two companies had over reimbursement rates. Last week, news spread that the companies were at an impasse over reimbursement rates and that Walmart was prepared to leave CVS' pharmacy benefit management operation, CVS Caremark (Livingston, Modern Healthcare, 1/18). 
    • Illinois: Palos Health and Loyola Medicine on Monday announced that they have signed a non-binding letter of intent with the possibility of merging. The two health systems said they hope to build on a partnership that began in 2015 by having Palos and its affiliates join Loyola (Commins, HealthLeaders Media, 1/21).
    • Virginia: A number of state lawmakers in Virginia are backing a bill that would raise the minimum age for purchasing cigarettes and vapes from 18 to 21. Currently, six states and the District of Columbia restrict sales of cigarettes and vaporizers to people 21 and older (Vozzella/Schneider, Washington Post, 1/20).

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