Cvs Pharmacy Case Study

1977 Words 8 Pages
Aldridge, C. (2016). What’s planned in building near CVS Pharmacy. Midland Daily News. Retrieved from http://www.ourmidland.com/news/article/What-s-planned-in-building-near-CVS-Pharmacy-9514418.php In this article, the author discusses a CVS store in South Saginaw that’s expanding to 13,600 square foot. In return, for it to be large enough to respond to the medical and dental building that’s being built right across the street. So, to build that area up for the community, the size of the store had to expand to service those new healthcare businesses. The sole purpose behind the author writing this article is to teach us that CVS stores are indeed expanding, is a part of the revitalizing phase in the South Saginaw area, and that they will …show more content…
In the end, resulting in the company having to make a settlement of $795,000 to the courts as well as agree to new terms in the agreement (Blank, 2016). The author states that the agreement does two things, holds CVS responsible for taking part in the misuse of controlled substances by drug abusers without having a PMP system in place, and encourages them to use the PMP as a tool to make more sound decisions. The author states that mishap came after the store had taken out-of-pocket payments from persons enrolled in the Controlled Substance Management Program of which pharmacists in CVS gave those customers prescriptions that the system would have denied them for early refill purposes, had CVS has the system in place for their Pharmacists. Also, discussed is the fact that this CVS store knowingly broke state laws and is being held accountable for their actions by operating a pharmacy business without this mandatory system in the store. This article emphasizes the importance of practicing workplace procedures with respect to state …show more content…
This article is where the author discussed CVS’s decline in the stock market. In very short detail, the author includes that the company’s stock has declined by 9.59% today, and by 4.42% in the last month. Then goes on to say that this drop has not put a damper on things for the company as they are still able to appear attractive to investors because of the success from its pharmaceutical department profits, and “acquisition of Omnicare (in 2015) and Target pharmacies” (Gettys, 2016). The author argues that instead of prices continuously downscaling in the market for the company, it will continue to be a success since CVS has already lock down renewals for the 2017 year. The author’s point of view explained that although a decline in CVS’s stock is unattractive to investors, investors will still invest in the company since it has great prospects in

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