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CVS snatches CalPERS pharmacy contract from UnitedHealth

By TipRanks.com  
   July 17, 2025

CVS Health has secured a major healthcare deal, winning a multi-year pharmacy benefits contract with CalPERS, outbidding rival UnitedHealth. The deal marks a significant win for CVS's Caremark unit and could shift competitive dynamics in the pharmacy benefits management market.

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