Woonsocket, R.I. — CVS Health Corp. (NYSE: CVS) reported total revenue of $634 billion in the second quarter, a year-over-year increase of 35.2 percent. The company’s net income also rose by 48 percent to roughly $5 billion during the period, suggesting that revenues are rising while costs are remaining relatively flat. The Woonsocket-based pharmacy and convenience store chain, which acquired insurance giant AETNA in late 2018, saw its stock price open at $65.53 per share Wednesday, Aug. 5, giving it a year-to-date increase of nearly 20 percent. CVS announced plans …
Woonsocket, R.I. — CVS/pharmacy has added 55 COVID-19 testing sites in North Carolina and 15 sites in South Carolina. The tests are accessible through appointments only. Patients will be required to stay in their cars and will be directed to the pharmacy drive-thru window, where they will be provided with a test kit and given instructions. A CVS team member will observe the self-swab process to ensure it is done properly. Tests will be sent to an independent, third-party lab for processing and the results will be available in approximately …
Woonsocket, R.I. — CVS Health (NYSE: CVS) plans to close 22 underperforming drugstores during the first quarter of 2020. In its third quarter results of 2019, the Rhode Island-based drugstore giant reported a 36.5 percent increase in revenue from $47.3 billion in 2018 to $64.8 this year. During 2018, CVS closed 46 underperforming stores and acquired health insurance and Medicare company Aetna (NYSE: AET) for approximately $70 billion. The integrated companies moved forward with major asset redevelopments, including a “hub-and-spoke” model wherein smaller retail stores function as outposts for central …
Woonsocket, R.I. — Out of the Box Ventures LLC, a subsidiary of Lionheart Capital, has acquired Walnut Hill Plaza in Woonsocket.
Kingstown, R.I. — Unison Realty Partners, in a joint venture with Blue Vista Capital Management, has acquired Hunt River Commons, a 147,270-square-foot shopping center in Kingstown, for $15.9 million.
Warwick, R.I. — HFF has secured a $75 million refinancing for Warwick Mall, a 978,659-square-foot super-regional mall located in Warwick.
Providence, R.I. and Portland, Maine — Horvath & Tremblay has arranged the sale of two retail properties in Rhode Island and Maine.
Providence, R.I. — Sterling Organization has acquired Wampanoag Plaza, a 225,908-square-foot shopping center located in Providence, for an undisclosed price.
Rumford, R.I. – New England’s projects in Rhode Island include the Inskip Auto Mall in Warwick; Scott Volkswagen in Providence; and landlord and tenant projects at the Garden City Mall.
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