How CVS Went From Drugstore to Healthcare Juggernaut
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 15 February 2023
⏱️ 16 minutes
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| 0:00.0 | Most people think of CVS as just a drugstore. |
| 0:08.7 | Like the place you go to pick up anything from printer paper to pain relievers. |
| 0:12.6 | Yeah, where's the exedrant headache medicine? |
| 0:15.4 | My brain or something? |
| 0:17.4 | Yeah, my brain. |
| 0:20.6 | And of course, as a place that spits out notoriously long receipts. |
| 0:25.2 | I got some deodorants, some headache medicines, some toothpaste, and a little toilet pacasso, |
| 0:32.1 | my dog. |
| 0:33.1 | And their seed is maybe a foot and a half. |
| 0:40.1 | For a while now, CVS has been on an acquisition spree, transforming it from just a drugstore |
| 0:45.9 | into a healthcare giant. |
| 0:49.3 | CVS is absolutely a far bigger company than I think most people know. |
| 0:53.6 | Most of us know the pharmacy down the street. |
| 0:56.4 | We might go there to buy our shampoo and pick up a prescription. |
| 1:00.0 | That's our colleague Anna Matthews who covers the healthcare industry. |
| 1:03.0 | But the company is really far, far broader than that and has been becoming broader for many |
| 1:07.5 | years now. |
| 1:09.3 | And what the company is now saying is they really want to be more at the center of healthcare. |
| 1:15.4 | And last week, CVS announced its most recent deal. |
| 1:18.5 | It's buying a network of primary care centers called Oak Street Health for more than $10 |
| 1:24.0 | billion. |
| 1:26.7 | Anna says it's part of a wave of consolidation that's reshaping the industry. |
... |
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