CVS Promises More Health Care, Less Candy Under New CEO (1)

CVS Health Corp. is much more than a 58-year-old drugstore chain, and Chief Executive Officer Karen Lynch wants to make sure you know it.

“We’re a broad health-solutions company,” Lynch, a health-insurance industry veteran who took the reins at CVS in February, said in an interview. “We are moving toward being a much more consumer-centric health-services, health-solutions company meeting the needs of consumers where they want to be met.”

Her emphasis speaks to the future of both CVS and health care at large. As more of the industry moves online, Wall Street is questioning the chain model where companies operate ...