CVS Returning $43 Million In Coronavirus Relief Funds

By Rob McLean and Cristina Alesci, CNN Business

(CNN) — CVS Health is returning more than $43 million it received from the federal government as part of coronavirus relief.

In a letter Tuesday to Health and Human Services Secretary Alex Azar, CVS chief executive Larry Merlo indicated his company received the funds as part of the CARES Act Provider Relief Fund. He said it was an automatic distribution from HHS and that CVS did not request the money.

The fund provides $175 […]


Recommended Stories