CVS Returning $43 Million In Coronavirus Funding
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CVS received federal coronavirus relief funds automatically from the US Department of Health and Human Services, as part of the $175 billion CARES Act Provider Relief Fund. CVS President and CEO Larry Merlo stated that the company did not request these funds and has decided to return them, hoping they will aid other healthcare providers in need. CVS has been proactive during the pandemic, keeping nearly 10,000 stores open and planning to establish 1,000 additional COVID-19 testing sites by the end of May.
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