CVS Caremark and Inverness Medical Innovations Launch Strategic Alliance to Provide Enhanced Health Management Services ...( WOONSOCKET R.I. and WALTHAM Mas...),Health

WOONSOCKET, R.I., and WALTHAM, Mass., Aug. 4 /PRNewswire-FirstCall/ -- CVS Caremark (NYSE: CVS) and Inverness Medical Innovations (NYSE: IMA), through its Alere health management business, today announced a strategic alliance which will enhance the companies' ability to deliver more timely, highly coordinated and personalized health management services. The companies said the alliance will improve participants' health care outcomes while helping payers and employers more efficiently manage costs. This can be achieved as participants are engaged through multiple delivery channels - including convenient and less costly venues like retail clinics.

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The alliance means chronically ill patients served by CVS Caremark's Accordant Common disease management programs will be managed and have access to expanded offerings provided by Alere, a leader in health services for wellness, disease management, oncology and complex case management.

Alere customers will gain access to direct service by MinuteClinic retail health clinic nurse practitioners and CVS pharmacists. Customers of both companies will have access to a broad array of services ranging from those provided through the high touch, in-home monitoring, telephonic and web-based offerings of Alere, to the face-to-face counseling provided at approximately 500 MinuteClinics and nearly 7,000 CVS/pharmacy locations around the country.

"This alliance strengthens the clinical options we offer our c
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