CVS Health Makes COVID-19 Testing Available for Children 12 Years and Older at its More Than 2,000 Drive-Thru Test Sites (2024)

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21:00:02 17/05/2024 BST
5-day change 1st Jan Change
57.68 USD +0.28% CVS Health Makes COVID-19 Testing Available for Children 12 Years and Older at its More Than 2,000 Drive-Thru Test Sites (1) +3.59% -26.95%
05-16 CVS Health Retail Division Launches Snacks Brand Well Market MT
05-14 Transcript : CVS Health Corporation Presents at Bank of America Health Care Conference 2024, May-14-2024 07:20 AM

As part of its comprehensive effort to increase access to COVID-19 testing in order to help slow the spread of the virus, CVS Health announced that children age 12 years and older are eligible for testing at the more than 2,000 test sites located at select CVS Pharmacy drive-thru testing locations, starting September 11. In addition, more than 120 new test sites will open Friday at CVS Pharmacy drive-thru locations across the country. In recent weeks, CVS Health has expanded its network of independent third-party lab partners in an effort to help improve turnaround time for the delivery of test results. As a result, the majority of test results from specimens collected at CVS test sites across the country will generally be available within 2 – 3 days. Self-swab tests are no cost to patients and will be available to individuals meeting Centers for Disease Control and Prevention criteria.1 Patients must register in advance at CVS.com to schedule an appointment. Minors ages 12 and older are now eligible for COVID-19 testing at CVS Pharmacy drive-thru sites. A parent or legal guardian must complete the on-line registration for all minor patients, and patients 12 – 15 years of age must be accompanied by a parent or legal guardian when they come to be tested. Parents or guardians seeking testing for children under the age of 12 should consult with a pediatrician to identify appropriate testing options. When arriving for testing, patients are asked to follow signage or the instructions of the staff onsite. Procedures vary by location and patients may be directed to stay in their cars and proceed to either the pharmacy drive-thru window or a parking space or tent located in the parking lot or, in very limited locations, to enter a CVS store. Patients will be provided with a test kit and given instructions, and a CVS Pharmacy team member will observe the self-swab process. To date, CVS Health has administered more than three million COVID-19 tests since launching its first test site in the parking lot of a CVS Pharmacy location in Shrewsbury, Mass. in March.

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CVS Health Makes COVID-19 Testing Available for Children 12 Years and Older at its More Than 2,000 Drive-Thru Test Sites (8)

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Company Profile

CVS Health Corporation is one of the leading American suppliers of health products and services. Net sales (including intragroup) break down by activity as follows:- medical insurance plan management services (45.6%; Pharmacy Benefit Management): administrative management (reimbursem*nt management, patient claim processing, etc.), drug distribution, decision-making information, sales of medical information management services, etc.;- retail distribution (28.5%): sale of prescription pharmaceutical products, OTC products, beauty and cosmetics products. At the end of 2023, products are marketed primarily via a network of more than 9,000 outlets and via the Internet. In addition, the group offers healthcare services through more than 1,000 clinics (MinuteClinic®);- medical benefits management (25.8%);- other (0.1%).

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ESG Refinitiv

B-

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Sell

CVS Health Makes COVID-19 Testing Available for Children 12 Years and Older at its More Than 2,000 Drive-Thru Test Sites (9)

Buy

Mean consensus

OUTPERFORM

Number of Analysts

28

Last Close Price

57.68USD

Average target price

71.37USD

Spread / Average Target

+23.74%

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CVS Health Makes COVID-19 Testing Available for Children 12 Years and Older at its More Than 2,000 Drive-Thru Test Sites (2024)

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