CVS Health cuts annual profit forecast on acquisition costs

(Reuters) - CVS Health Corp cut its full-year profit forecast on Wednesday, due to the impact from costs related to its acquisitions of Signify Health and Oak Street Health.

The company now expects 2023 adjusted earnings per share of between $8.50 and $8.70, compared with its previous forecast of between $8.70 to $8.90.

(Reporting by Raghav Mahobe and Leroy Leo in Bengaluru; Editing by Anil D'Silva)