MarketWatch reports that CVS Health is launching a new venture capital fund called CVS Health Ventures that is designed to invest in and partner with "early-stage companies focused on making healthcare more accessible and affordable. Starting with $100 million, the initial focus will be on tech-enabled and digital healthcare companies."
The story says that CVS says it already has made such investments "through both the CVS and Aetna businesses, including Unite Us, a program that links healthcare and social service providers. CVS also announced … that it has started to administer COVID-19 vaccines through employer-based vaccination sites."
- KC's View:
Smart move, and one of the things that has distinguished CVS in recent years - a firm positioning as part of the health care continuum. I'm not always enamored with how its stores deliver on this promise; I think it can be inconsistent. But it has a goal, and keeps making progress.