CVS Health is preparing to raise up to $2.5 billion through a bond sale, Bloomberg reported Dec. 2. The company has engaged Barclays, Citigroup and Goldman Sachs to arrange investor calls, sources told the news outlet. The bonds will have hybrid characteristics, combining elements of debt and equity and are expected to be used to repurchase debt.

CVS Health has shared plans to close its three MinuteClinic locations in Utah by Dec. 7. The closures come due to the company's regular evaluation of its MinuteClinics to ensure they are meeting patient demand and aligning with the company's healthcare delivery strategy,