CVS Caremark Corporation Competition

Size matters to CVS Caremark (formerly CVS), the nation's #2 drugstore chain and a leading pharmacy benefits manager with more than 60 million plan members. With more than 7,500 retail and specialty drugstores under the CVS and Longs Drug banners, it trails rival Walgreen by nearly 600 stores. CVS has grown rapidly through a string of acquisitions that included the Eckerd and Longs Drug Stores chains. Also, CVS now owns prescription benefits management (PBM) company Caremark Rx. Caremark Rx was combined with CVS's PBM and specialty pharmacy unit PharmaCare Management Services to form Caremark Pharmacy Services. Its MinuteClinic retail health network has more than 650 locations inside CVS stores in 25 states.