CVS Health Corporation operates an integrated health care model that combines retail pharmacy, pharmacy benefit management, health insurance, medical clinics, specialty and mail pharmacy support, and related consumer health services. Recurring company news includes quarterly results and guidance, segment performance across Health Services, Health Care Benefits, and Pharmacy & Consumer Wellness, and capital returns through common-stock dividends.
Updates also cover CVS Caremark formulary decisions, biosimilar adoption, Aetna prior authorization and plan-administration initiatives, community health investments by the CVS Health Foundation, and developments involving Omnicare, the company's long-term care pharmacy subsidiary.
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CVS Health has expanded its COVID-19 vaccination program to nearly 1,200 locations across 29 states and Puerto Rico, significantly increasing access to the vaccine. The company can administer 20-25 million shots monthly, focusing on vulnerable communities and educators. Since December, CVS has successfully vaccinated residents at over 40,000 long-term care facilities, leading to a 94% decrease in COVID-19 cases. Appointments in new states will be available starting March 13, 2021, as CVS continues to combat the pandemic through its retail pharmacy program.
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CVS Health announces the addition of 23 new COVID-19 vaccination sites in Virginia, bringing the total to 64 locations statewide. Vaccinations start on March 14, 2021, with appointments available for booking on March 13. Eligible individuals include K-12 teachers, staff, and childcare workers, with vaccine supply sourced from the Federal Retail Pharmacy Program. CVS aims to provide vaccines at nearly 1,200 locations across 29 states and Puerto Rico, with a capacity to administer 20-25 million shots monthly.
CVS Health Corporation has declared a quarterly dividend of $0.50 per share, which will be paid on May 3, 2021. Shareholders on record by April 23, 2021 will receive the dividend. This announcement underscores the company's commitment to returning value to its investors. CVS Health is a leading diversified health services company, aiming to improve healthcare accessibility and affordability.
CVS Health announced a $12.4 million investment in affordable housing, constructing 60 units in south Phoenix. This initiative is part of CVS's larger commitment to tackle racial inequity, aiming to spend $600 million over five years in communities of color. The new development, Newsom Village, will provide reduced-rent apartments and will partner with UMOM New Day Centers, which is experienced in affordable housing. Additionally, CVS will expand its Project Health program, offering free health screenings to locals, directly addressing social determinants of health.
CVS Health expands its COVID-19 vaccination initiative by adding Alabama, Arizona, Florida, Louisiana, Ohio, and Pennsylvania to its list of participating states. Starting February 25, appointments for approximately 570,000 doses will be available. This follows the February 12 rollout in 11 states. CVS has successfully administered around four million doses in long-term care facilities. The pharmacy can administer 20-25 million shots per month and aims to reach vulnerable communities. CVS Health emphasizes the positive feedback received regarding the vaccination process.
CVS Health has announced the rollout of COVID-19 vaccinations at 81 select pharmacy locations in Florida, including CVS Pharmacy, CVS Pharmacy y más, and Navarro Discount Pharmacy. This initiative follows a successful launch in 11 other states, with approximately 62,000 doses available weekly. Patients in Florida must register online for appointments, with no walk-ins allowed. CVS aims to enhance vaccine access, especially for underserved communities, and anticipates expanding the program as more supply becomes available.