CVS Caremark Company Description
CVS Caremark (formerly CVS) interprets the scrawl of more US doctors than anyone. The CVS pharmacy chain fills more prescriptions at more drugstores than any other drugstore operator, although it trails rival Walgreen in total sales. Following its acquisitions of the Eckerd chain and stores from Albertsons, CVS operates about 6,250 stores in some 40 states. In 2007 CVS purchased prescription benefits management (PBM) firm Caremark Rx for about $26.5 billion. Caremark was combined with CVS's PBM and specialty pharmacy subsidiary PharmaCare Management Services, which offered managed-care drug programs to insurers, employers, and other healthcare plan providers, to form Caremark Pharmacy Services.
View the Comprehensive Company Description for CVS Caremark
The Company Description provides a historical perspective of CVS Caremark's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of CVS Caremark's evolution in the marketplace.
