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Over the year finished December 31, 2023 along with the 3 months and yr finished December 31, 2022, the decline on property held available for purchase pertains to the LTC reporting unit throughout the Pharmacy & Shopper Wellness section. All through 2022, the organization established that its LTC business enterprise was no longer a strategic asset and devoted to a decide to sell it, at which period the LTC enterprise achieved the criteria for held-for-sale accounting and its Internet property were being accounted for as property held available for purchase. The carrying value of the LTC business enterprise was resolute to generally be higher than its estimated truthful benefit considerably less costs to promote and, accordingly, the corporate recorded a loss on property held available for purchase through the third quarter of 2022. As of December 31, 2022, The web belongings with the LTC small business ongoing to fulfill the standards for held-for-sale accounting And through the fourth quarter of 2022, an incremental reduction on property held available was recorded to put in writing down the carrying price of the LTC business enterprise to its believed honest value significantly less expenditures to offer.

See the supplemental info on webpage 21 For extra data regarding the overall performance with the Pharmacy & Shopper Wellness section.

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These increases ended up partially offset by a decrease within the Medicaid products line, mostly attributable towards the resumption of Medicaid redeterminations next the expiration of the public health and fitness crisis in May well 2023.

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Helpful for the initial quarter of 2023, the corporate realigned the composition of its segments to correspond with changes made to its functioning design And exactly how the organization is managed. As a result of this realignment, the corporate formed a new Overall health Solutions section, which As well as providing a complete selection of PBM alternatives, also delivers wellbeing treatment providers in the corporation's health care clinics, pretty much, and in the home, and also company enablement solutions. Moreover, the corporation created a fresh Pharmacy & Shopper Wellness phase, which incorporates its retail and long-term care pharmacy operations and connected pharmacy expert services, and its retail entrance retail store functions.

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