Business Services Industry
CVS Teams with Pfizer to Offer Health Services.
Knight Ridder/Tribune Business News, April, 1999 by Goldstein, Josh
Knight Ridder/Tribune Business News
Apr. 22 -- Buffeted by reduced reimbursements for prescription drugs from managed-care companies, pharmacists and drugstores are seeking new sources of revenue by offering medical screenings and advice to customers.
CVS Corp., the nation's second largest drugstore chain, and Pfizer Inc., the manufacturer of prescription drugs such as Viagra and the antidepressant Zoloft, have teamed up to offer CVS customers a range of basic health-care services at their neighborhood pharmacy. Marketed under the name CVS Health Connection, CVS and Pfizer opened its first local venture last week in Northeast Philadelphia and expect to have operations in six East Coast drugstores by the end of the year.
"We are taking the...
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