CVS Health which was earlier known as CVS Corporation and CVS Caremark Corporation. It is an American retail and health care company headquartered in Woonsocket, Rhode Island. It was originally named CVS Corporation, and was formed after the spinning-off of CVS Pharmacy from its original holding company Melville Corporation in 1996. It later acquired the pharmacy benefit management company Caremark Rx and was consequently renamed CVS Caremark Corporation in 2007. The company was renamed CVS Health in 2014, and since which time has operated the subsidiaries CVS Pharmacy, CVS Caremark, CVS Specialty, and the retail clinic MinuteClinic. In 2014, it ranked 10th on the Fortune 500 and 35th on the Fortune Global 500 list. VS had previously operated stores in southern California and completely withdrew from the market in 1993. CVS sold virtually all the locations to American Drug Stores, the drug store division of American Stores Company. American Stores operated its drug stores in southern California as Sav-on Drugs. Ironically, many of the stores in Southern California that CVS acquired were stores that CVS had formerly owned. At the time CVS bought the stores back, Sav-on operated them as Sav-on Express stores. The Express name was used by Sav-on to help customers identify those stores that did not carry all lines of merchandise as compared to the larger traditional Sav-on Drugs location, hence the name Sav-on Express. As a result of the acquisition, the chain now operates over 6,200 stores in 43 states and the District of Columbia.
CVS Pharmacy is one of the nation's largest retail pharmacy chains, with 7,800 stores located in 42 states, the District of Columbia, and Puerto Rico With more than 40 years in the retail pharmacy industry, CVS/pharmacy generates over 68% of its revenue from the pharmacy business. CVS/pharmacy fills more than one of every seven retail prescriptions in America and one of every five in their own markets. Their ExtraCare program boasts over 70 million cardholders, making it the largest retail loyalty program in the country. MinuteClinic operates inside CVS/pharmacy locations around the United States. It is the nation's largest walk-in medical clinic, with over 900 locations in 29 states and the District of Columbia as of mid-2014 CVS Caremark, one of the nation's leading pharmacy benefit management (PBM) companies, provides comprehensive prescription benefit management services to over 2,000 health plans, including corporations, managed care organizations, insurance companies, unions and government entities. It had over 65 million plan members as of mid-2014. With net revenue of approximately $76 billion in 2013, they are also one of the largest PBMs. Caremark operates a national retail pharmacy network with over 68,000 participating pharmacies, as well as 11 mail service pharmacies. Its call centers have been recognized for customer satisfaction excellence by J.D. Power & Associates (J.D. Power & Associates is also a client of Caremark). Caremark operates over 25 retail specialty pharmacies, and its specialty pharmacies have been accredited by the Joint Commission. Its disease management programs through Accordant(R) have also been accredited by the National Committee for Quality Assurance. CVS Specialty is the specialty pharmacy division that provides an array of specialty pharmacy services for patients who require treatment for rare, incurable or complex conditions.
Each day, CVS help millions of people on their path to better health. This is company’s purpose, and it’s the inspiration behind everything they do. CVS MinuteClinic offers convenient access to care, with more than 1,100 locations. The nurse practitioners diagnose illnesses, injuries and skin conditions, and provide a variety of wellness services, including vaccinations, physicals, and chronic condition monitoring. CVS Health serves millions of people every day. For this company to thrive, it’s important to have a workforce that reflects not only their customers, but also the communities they live in. They work hard to develop a diverse workforce and provide a workplace that empowers all of their colleagues, regardless of their age, ethnicity or background.CVS Health is led by a team of executives with a wealth of experience across the health care spectrum. Millions of times a day, they are helping people on their path to better health from advising on prescriptions to helping manage chronic and specialty conditions. Because they are present in so many moments, big and small. They have an active, supportive role in shaping the future of health care. They are reinventing pharmacy to provide an accessible, supportive and personalized health care experience. Their pharmacists dispense medication, give vaccinations and offer advice on prescription and non-prescription drugs and supplements.