CVS Health to close around 900 stores over next 3 years

What they're saying: The company said the closures were part of "its strategy of making health care more affordable, accessible and convenient for consumers."

• "Our retail stores are fundamental to our strategy and who we are as a company," said CVS Health CEO Karen Lynch said in a statement.
• "We remain focused on the competitive advantage provided by our presence in thousands of communities across the country, which complements our rapidly expanding digital presence."
• The closures are set to begin in the spring of 2022.

The big picture: CVS Health also announced three new, standardized store formats, including its traditional pharmacy stores

• One model will focus on offering primary care services, while another will be health hub locations "for everyday health and wellness needs."

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