CVS Beats First Quarter Expectation
CVS Health turned in a better-than-expected first quarter as revenue grew from all parts of its business. But the health care giant chopped its 2023 earnings forecast after closing a pair of multibillion-dollar deals that push it deeper into providing care. The forecast cut on Wednesday came a day after CVS Health said it completed a roughly $10.6 billion acquisition of primary care provider Oak Street Health that it had just announced in February. It also closed in March an approximately $8 billion deal to buy home health care provider Signify Health. Both deals reflect spending ...