Watching GoodRx Holdings; KeyBanc Issues Note On Co Stating 'The WSJ Is Reporting That Blue Shield Of California Plans To Drop CVS Caremark As Its Pharmacy Benefit Manager; See Impact As Minimal At ~4% Of Total Caremark Members'
Portfolio Pulse from Happy Mohamed
KeyBanc has issued a note on GoodRx Holdings (GDRX) stating that the impact of Blue Shield of California's plan to drop CVS Caremark as its Pharmacy Benefit Manager would be minimal, affecting approximately 4% of total Caremark members.
August 17, 2023 | 1:47 pm
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NEUTRAL IMPACT
The impact of Blue Shield of California's decision to drop CVS Caremark is expected to be minimal on GoodRx Holdings, affecting only about 4% of total Caremark members.
GoodRx Holdings' business is not directly tied to CVS Caremark, and the decision by Blue Shield of California to drop CVS Caremark as its Pharmacy Benefit Manager is expected to have a minimal impact on GoodRx. This is because the change only affects about 4% of total Caremark members, which is a relatively small portion of the overall market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100