PROVIDENCE – Two Rhode Island-based companies, Hasbro Inc. and CVS Health Corp., ranked on Corporate Responsibility Magazine’s 2018 100 Best Corporate Citizens list released last week. Hasbro placed No. 5 this year, after ranking No. 1 in 2017. This year, Microsoft Corp. ranked No. 1. The toymaker ranked No. 1 for human rights, No. 1 for philanthropy, No. 2 for its environmental rank, No. 2 for its climate change rank, No. 91 for its financial rank, No. 95 for its corporate governance rank and No. 120 for its employee relations rank. “We’re honored and humbled to once again rank so highly on the 100 Best Corporate Citizens list,” stated Brian Goldner, Hasbro chairman and CEO, in prepared remarks. “In much the same way that our business continues to transform, so has our commitment to integrate CSR throughout our business. I’m proud of the great strides we’ve made to strengthen our CSR performance, increase transparency and tell the Hasbro … [Read more...] about Hasbro and CVS named among 100 Best Corporate Citizens rankings
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CVS Health Foundation grants $56K for 211 call center substance use counselors
PROVIDENCE — The United Way’s 211 call center will soon be able to bring in Anchor Recovery peer counselors on opioid and other substance use disorder-related calls thanks to a $56,100 grant from the CVS Health Foundation. The free, confidential 211 help line, available 24/7, 365 days a year, provides guidance to people seeking social services to help them through crises. Operators are able to quickly direct people to services that can help them deal with challenges getting food, housing paying for utilities or finding aid for seniors, said Sandi Connors, executive vice president at United Way Rhode Island. With the grant, operators will receive training on knowing the situations requiring immediate assistance with a substance use disorder. The grant will also fund the use of counselors from Pawtucket-based Anchor Recovery, who will be available to connect in a three-way call immediately if the operator requests the help, Connors said. That quick response is a crucial … [Read more...] about CVS Health Foundation grants $56K for 211 call center substance use counselors
CVS Health beats first quarter expectations, works to close Aetna deal
CVS Health delivered better-than-expected first quarter earnings as the drugstore chain and pharmacy benefit manager forged ahead with its buyout of the insurer Aetna, a deal the companies say will transform how customers get care. CVS Health announced late last year that it would spend about $69 billion in cash and stock on Aetna, the nation's third-largest health insurer. CVS Health CEO Larry Merlo told analysts Wednesday the deal gives CVS Health a chance to "rethink and reinvent health care in our country." The companies are trying to capitalize on a growing push to take care beyond the occasional doctor visit in order to better control medical spending and keep people healthy. Insurers and employers who provide coverage want patients with chronic conditions to monitor their health more frequently so they stay out of expensive hospitals and emergency rooms. They also want people seeking help for low-grade problems such as sinus infections to use less-expensive options such as … [Read more...] about CVS Health beats first quarter expectations, works to close Aetna deal
CVS Health beats 1Q expectations, works to close Aetna deal
FILE- In this Dec. 4, 2017, file photo, the CVS Health logo appears above a trading post on the floor of the New York Stock Exchange. CVS Health reports earnings Wednesday, May 2, 2018. (AP Photo/Richard Drew, File) CVS Health delivered better-than-expected first quarter earnings as the drugstore chain and pharmacy benefit manager forged ahead with its buyout of the insurer Aetna, a deal the companies say will transform how customers get care. CVS Health announced late last year that it would spend about $69 billion in cash and stock on Aetna, the nation’s third-largest health insurer. CVS Health CEO Larry Merlo told analysts Wednesday that the deal gives CVS Health a chance to “rethink and reinvent health care in our country.” The companies are trying to capitalize on a growing push to take care beyond the occasional doctor visit in order to better control medical spending and keep people healthy. Insurers and employers who provide coverage want patients with chronic … [Read more...] about CVS Health beats 1Q expectations, works to close Aetna deal
CVS is `moving forward’ with Aetna deal as profit tops estimates
CVS Health Corp. said it’s making progress in the regulatory review of its $68 billion deal to buy health insurer Aetna Inc. after first-quarter earnings came in higher than analysts anticipated. Both CVS and rival Express Scripts Holding Co. are trying to get their mega mergers approved by regulators, as drug middlemen combine with large insurers in the U.S. to offer a larger suite of medical services under one roof. The two deals are being reviewed by the Justice Department. “We are moving forward on both the regulatory and integration planning fronts in support of a close in the second half of this year and a smooth, efficient integration of operations,” CVS CEO Larry Merlo said in a statement Wednesday. CVS reported a $998 million profit for the quarter, compared to a $952 million profit one year prior. Revenue in the first quarter was $45.7 billion, up from its $44.5 billion quarterly revenue last year. Diluted earnings per share were 98 cents. Earnings were were … [Read more...] about CVS is `moving forward’ with Aetna deal as profit tops estimates