CVS, Walmart make nice, reach new multi-year deal to keep retail giant in Caremark’s network

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.

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