Cornerstone Community Development, Winterwood, CVS Health, and Community Organizations Announce the Prichard Centennial Residential Reveal and Next-Phase Preview

Cornerstone Community Development, together with Winterwood and CVS Health (NYSE: CVS), will host the Prichard Centennial Residential Reveal & Next-Phase Preview on December 4, 2025 at 1:30 p.m. in Huntington, WV.

Rhea-AI Summary

Cornerstone Community Development, together with Winterwood and CVS Health (NYSE: CVS), will host the Prichard Centennial Residential Reveal & Next-Phase Preview on December 4, 2025 at 1:30 p.m. in Huntington, WV.

The event showcases newly completed residential spaces inside the historic Prichard building and previews the next restoration phase. CVS Health has invested more than $17 million in the Prichard adaptive-reuse and has invested over $21 million in affordable housing across West Virginia, helping create or preserve 800+ affordable units.

Positive

• CVS investment of more than $17 million in Prichard adaptive-reuse
• $21M+ total CVS/Aetna affordable-housing investment in West Virginia
• Project helped create or preserve 800+ affordable units statewide
• Newly completed residential spaces in Prichard now revealed

Negative

• None.

Argus Dec 1 session

-1.57% close to close Open Argus

Details

News Market Reaction – CVS

On Dec 1, the day this news came out, CVS closed 1.57% below the previous close.

Data tracked by StockTitan Argus for the Dec 1 session.

Key Figures

Prichard investment: more than $17 million WV housing investment: over $21 million Affordable units: over 800 units +3 more

Prichard investment

more than $17 million

CVS Health investment in adaptive‑reuse and rehabilitation for senior housing

WV housing investment

over $21 million

CVS Health investment in affordable housing across West Virginia

Affordable units

over 800 units

Affordable housing units created or preserved across West Virginia

Event date

December 4, 2025

Prichard Centennial Residential Reveal & Next‑Phase Preview event

Event time

1:30 p.m.

Scheduled start time for the Prichard event

Event address

601 9th Street, Huntington, WV 25701

Location of the Prichard event

Historical Context

5 past events · Latest: Dec 09

5 events

1. Dec 09

   Investor Day guidance

   24h Move

   +2.2%

   Raised 2025 guidance and issued 2026 outlook with multi‑year growth plan.

2. Dec 05

   Economic impact report

   24h Move

   -1.5%

   Reported $474B U.S. economic impact and extensive community contributions.

3. Dec 04

   Aetna initiatives

   24h Move

   +2.3%

   Simplified prior authorization, expanded collaboration, and added AI features to app.

4. Dec 01

   Community housing support

   24h Move

   -1.6%

   Highlighted CVS investments in Prichard redevelopment and WV affordable housing.

5. Nov 20

   Leadership change

   24h Move

   +2.6%

   Named CEO David Joyner as Chair to support long‑term strategic execution.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adaptive-reuse, medicare

2 terms

adaptive-reuse technical

"invested more than $17 million towards the adaptive-reuse and rehabilitation of the Prichard"

Adaptive reuse is the practice of taking an existing building and converting it to a new function different from the one it was originally built for — for example transforming an old factory into apartments, offices, or retail space, like refurbishing a classic car instead of buying a new one. Investors care because it can lower purchase and construction costs, speed time to market, and unlock hidden value in underused properties, though it also brings renovation uncertainty, permitting and zoning risks, and potential legacy costs.

medicare regulatory

"said Don Mazza, Chief Medicare Officer, Keystone Market, Aetna"

Medicare is a large government-run health insurance program that primarily covers people aged 65 and older and certain younger people with disabilities. For investors it matters because Medicare acts like a huge customer and rule-maker for hospitals, drugmakers and medical-device companies—its coverage decisions, payment rates and regulatory policies can change demand, revenue and profit margins across the healthcare sector, similar to how a major client or regulator can shape a business’s prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HUNTINGTON, W.Va., Dec. 1, 2025 /PRNewswire/ -- Cornerstone Community Development, in cooperation with Winterwood, CVS Health® (NYSE: CVS) and other community organizations, invites the public and media to a special event celebrating the transformation of one of Huntington's most historic properties. The Prichard Centennial Residential Reveal & Next-Phase Preview will be held on Thursday, December 4, 2025, at 1:30 p.m. at 601 9th Street, Huntington, WV 25701.

This milestone event will highlight the newly completed residential spaces inside the Prichard building and showcase the next phase of the project—an ongoing effort to restore the landmark while expanding housing opportunities, improving community wellbeing, and supporting downtown revitalization.

"The Prichard has long been a pillar of Huntington's identity," said Nikki Thomas, President at Cornerstone Community Development. "This moment reflects a shared commitment to preserving history, strengthening our neighborhoods, and creating new opportunities."

CVS Health and additional organizations have played an important role in supporting the development's community-focused goals. Recognizing the connection of housing to health, CVS Health has invested more than $17 million towards the adaptive-reuse and rehabilitation of the Prichard into affordable senior housing. The company's investment in the Prichard builds on CVS Health and Aetna's long history of community support in West Virginia. In addition to their investment in the Prichard, CVS Health has invested over $21 million in affordable housing across the state, helping to create or preserve over 800 affordable units.

"Housing is more than a roof over someone's head. It's peace of mind, dignity, and a foundation for wellbeing," said Don Mazza, Chief Medicare Officer, Keystone Market, Aetna, a CVS Health company. "The transformation of the Prichard serves as a powerful example of what can be achieved through community-focused collaboration. Through our investment and collaboration with Winterwood and Cornerstone Community Development, we're helping to ensure Huntington's seniors have a safe, welcoming place to call home."

Mike Hynes, Chief Executive Officer at Winterwood noted, "Revitalizing the Prichard is a collaborative effort. Together with our partners, we are bringing renewed energy and purpose to this iconic building."

The event is free and open to the public, and media outlets are encouraged to attend for coverage, interviews, and visual opportunities.

For questions or more information, please contact (304) 939-5726.

About CVS Health
CVS Health is a leading health solutions company building a world of health around every consumer, wherever they are. As of September 30, 2025, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 87 million plan members. The Company also serves an estimated more than 37 million people through traditional, voluntary and consumer-directed health insurance products and related services, including highly rated Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company's integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.

Media contact
Rebecca Ferrick
FerrickR@CVSHealth.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cornerstone-community-development-winterwood-cvs-health-and-community-organizations-announce-the-prichard-centennial-residential-reveal-and-next-phase-preview-302626399.html

SOURCE CVS Health

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the Prichard Centennial Residential Reveal event on December 4, 2025 for CVS (NYSE: CVS)?

The event on December 4, 2025 at 1:30 p.m. showcases completed residential spaces and previews the next phase of the Prichard restoration in Huntington, WV.

How much did CVS Health invest in the Prichard project (CVS)?

CVS Health invested more than $17 million toward adaptive-reuse and rehabilitation of the Prichard into affordable senior housing.

What is CVS/Aetna's total affordable-housing investment in West Virginia mentioned in the announcement?

The announcement cites over $21 million invested across West Virginia, supporting the creation or preservation of 800+ affordable units.

Where and when is the Prichard reveal event open to the public?

The free, public event is at 601 9th Street, Huntington, WV 25701 on December 4, 2025 at 1:30 p.m.

Who are the main partners involved in the Prichard redevelopment alongside CVS (CVS)?

Partners named include Cornerstone Community Development and Winterwood, together with CVS Health and other community organizations.

How can media request information or interviews about the Prichard event?

Media inquiries are directed to the listed contact at (304) 939-5726 for coverage and interview opportunities.