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CVS, Walmart reach new agreement for pharmacy network


Photo Source: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson



(Reuters) - CVS Health Corp (CVS.N) and Walmart Inc (WMT.N) reached a multi-year agreement, under which Walmart will continue participating in CVS’s pharmacy benefit management commercial and Medicaid retail pharmacy networks, the companies said on Friday.


Financial terms of the new contract were not disclosed.


On Tuesday, CVS said Walmart was leaving its network for commercial and Medicaid prescription drug plans after the two failed to agree on pricing.


Reuters

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