Homepage Slider

CVS doesn’t want to leave any ‘white space’ for Amazon to disrupt | CNBC

  • CEO Larry Merlo said CVS wants to meet customers’ needs while not leaving “any white space for Amazon to disrupt.”

  • Amazon is acquiring online pharmacy company PillPack for $1 billion.

  • CVS Health is acquiring health insurer Aetna for roughly $69 billion.

CVS Health CEO Larry Merlo said he doesn’t lie awake at night worrying about Amazon but he does want to make sure he’s not leaving any room for disruption.

What Merlo does worry about is how CVS can meet the needs of its customers, he said Monday in an interview with David Rubenstein, president of the Economic Club of Washington, D.C. The company spends a lot of time listening to its customers to understand what they’re not happy about and filling their unmet needs, he said. “So that’s what we focus on as an organization, with the goal being: Don’t leave any white space for Amazon to disrupt,” Merlo said. Amazon bought its way into the prescription drug delivery business with a $1 billion acquisition of online pharmacy company PillPack. The move spooked Wall Street and shaved about $12.8 billion in market value from drugstores CVS, Walgreens Boots Alliance and Rite Aid.


SOURCE: https://www.cnbc.com/2018/10/15/cvs-larry-merlo-says-goal-is-to-not-leave-room-for-amazon-to-disrupt.html


Categories: Homepage Slider

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s