retail news in context, analysis with attitude

Reuters reports that Walmart has made a last-minute deal to remain part of the CVS Health network for commercial and Medicaid pharmacy customers, reversing a decision reached earlier this week to sever the relationship.

Terms of the deal were not disclosed.

“In addition to its retail pharmacies and stores,” Reuters writes, “CVS is one of the country's biggest pharmacy benefit managers and, after buying Aetna, one of its top health insurance companies … On Tuesday, CVS said the companies had failed to agree on pricing and that Walmart was leaving the pharmacy network for the prescription drug plans that CVS manages for companies and health insurers and for the Medicaid program for low income people.”
KC's View: