CVS Health To Escalate Physician Acquisitions In Primary Care Strategy

CVS Health To Escalate Physician Acquisitions In Primary Care Strategy

Vehicles are parked in front of a CVS Pharmacy in Mount Lebanon, Pa., on Monday May 3, 2021. (AP ... [+] Photo/Gene J. Puskar) CVS Health said it will be acquiring more physician practices and clinics as it expands its diversified strategy to grow its primary care business. CVS, which is already known for its MinuteClinics staffed by nurse practitioners, Thursday said it will be broadening its strategy into a "nationally-scaled next generation primary care model." This will include more "physician-led primary care centers with integrated virtual and home assets," Dr. Alan Lotvin, CVS Health's Executive Vice President & President, Pharmacy Services, said during the company's investor day event. CVS has already been working on an enhanced version of its HealthHUB locations which dedicate more than 20% of the store to health services that include new durable medical equipment, supplies and various new product and service combinations. CVS is also adding thousands of new personal care items as well as additional services at its MinuteClinics in the health hub stores. The moves come as CVS rivals Walgreens Boots Alliance and Walmart push deeper into healthcare services, expanding available items in their stores and adding primary care services to their stores.