Thomas Ryan is expected to step down from his role as CEO in May 2011, CVS Caremark announced. Larry Merlo will be his replacement and currently will assume the roles of president and chief operating officer.
Changes in the health care industry are expected to drive growth at CVS Caremark, CEO Larry Merlo says. The company plans to participate in public health-insurance exchanges, the private market and expansion of Medicaid by leveraging its stores, which will launch a marketing campaign and offer full-scale education, Merlo says.
CVS Caremark is commemorating American Pharmacists Month by highlighting retail, mail-order and specialty services provided by its 26,000 pharmacists. Such services reduce health care costs for customers, President and CEO Larry Merlo says.
CVS Caremark is ready for the flood of newly covered patients under the Affordable Care Act, CEO Larry Merlo said Tuesday. With tools such as his organization's strategies focused on adherence, "pharmacy will be on the leading edge of addressing the quality, cost, access conundrum," Merlo said.
CVS Caremark CEO Larry Merlo says he is confident in his company's ability to compete with newly enlarged pharmacy benefit manager Express Scripts. CVS pharmacies picked up additional business after rival drugstore chain Walgreen failed to renew its contract with Express Scripts.
CVS Caremark appointed Jonathan C. Roberts to the post of chief operating officer for its PBM unit. Roberts will continue in his role of executive vice president of the Rx Purchasing, Pricing and Network Relations department.