CVS News & Events

Choice Hotels International (CHH) announced the appointment of Ali Keshavarz, President and Chief Data & Analytics Officer of CVS Health (CVS), to its Board of Directors. "Ali is a highly accomplished leader whose experience and expertise in artificial intelligence will further strengthen our Board as we advance Choice Hotels International's long-term growth strategy and continue creating value for our franchise owners, guests, and shareholders," said Stewart Bainum Jr., chairman of the Choice Hotels International Board of Directors.

Florida Attorney General James Uthmeier issued a civil investigative demand to CVS Health. "The probe examines whether CVS/Caremark steers patients to its own locations, reimburses its affiliated stores more generously than independent pharmacies for identical prescriptions, imposes burdensome audits that claw back payments, and enforces restrictive contracts that threaten small businesses. Such practices allegedly contribute to pharmacy closures and 'pharmacy deserts,' leaving families and seniors with fewer options and higher costs," Uthmeier said in a statement. The civil investigative demand requires thousands of documents and sworn testimony on reimbursement rates, pharmacy contracts, patient steering, audits, rebates, differential treatment of own versus independent stores, and expansion plans, the AG added.