CVS, Walmart make nice, reach new multi-year deal to keep retail giant in Caremark’s network
January 18, 2019 / Paige Minemyer
Just days after Walmart announced it would pull out of CVS Caremark’s network, the two sides have resolved their differences and reached a new contract agreement. CVS Health announced Tuesday that Walmart had opted to exit Caremark’s pharmacy benefit management and Managed Medicaid retail pharmacy networks in a dispute over PBM pricing. Walmart took a potshot at CVS’ business practices in a statement, saying it was “standing up” to the company for practices that put undue pressure on pharmacies and disrupt care. On Friday, CVS revealed that the two parties had reached a multi-year deal that would keep Walmart in those networks. Walmart and CVS had a separate agreement for participation Caremark’s Part D plans.