CVS Profits Eclipse $2.2 Billion As Company Integrates New Healthcare Businesses

CVS Health reported net income of $2.2 billion thanks to double-digit percentage sales growth across all the company’s businesses and contributions from its new healthcare services acquisitions.

The giant drugstore chain, which has spent more than $20 billion this year, adding senior primary care centers via its acquisition of Oak Street Health and a homecare company, Signify Health, said total revenues rose 10.6% to $89.8 billion in the third quarter compared to prior year.