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CVS Health

This article is about the parent company previously named CVS Caremark. For the subsidiary currently named CVS Caremark, see CVS Caremark. For the revision control system, see Concurrent Versions System.

CVS Health Corporation
Formerly
  • CVS Corporation (1996–2007)
  • CVS Caremark Corporation (2007–2014)
Company typePublic
Industry
PredecessorMelville Corporation
Founded1963 (1963) in Lowell, Massachusetts, U.S.
FoundersStanley P. Goldstein, Sidney Goldstein, Ralph P. Hoagland III
Headquarters
Woonsocket, Rhode Island
,
U.S.
Number of locations
9,395 (2023)
Area served
United States
Key people
Karen S. Lynch (president and CEO)
ServicesHealth care provider
Pharmacy benefit manager
RevenueIncrease US$357.8 billion (2023)
Increase US$13.74 billion (2023)
Increase US$8.344 billion (2023)
Total assetsIncrease US$249.7 billion (2023)
Total equityIncrease US$76.64 billion (2023)
Number of employees
c. 300,000 (2023)
Subsidiaries
[1]
Websitecvshealth.com Edit this at Wikidata
Footnotes / references
[2]

CVS Health Corporation (previously CVS Corporation and CVS Caremark Corporation) is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands. The company is the world's second largest healthcare company, behind UnitedHealth Group. In 2023, the company was ranked 64th in the Forbes Global 2000.[3][4]

CVS started in Lowell, Massachusetts by brothers Stanley and Sidney Goldstein and their partner Ralph Hoagland.[5] The name stood for Consumer Value Stores.[6]

  1. ^ "CVS Health Subsidiaries". Securities and Exchange Commission (SEC). December 31, 2018.
  2. ^ "CVS Health Corp 2023 Annual Report (Form 10-K)". CVS Health. February 7, 2024. Retrieved February 11, 2024.
  3. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  4. ^ SCHIFRIN", "ANDREA MURPHY"," MATT. "Forbes 2024 Global 2000 List - The World's Largest Companies Ranked". Forbes. Retrieved June 18, 2024.{{cite web}}: CS1 maint: multiple names: authors list (link)
  5. ^ "Our History". cvshealth.com. Retrieved December 8, 2021.
  6. ^ Berlinski, Peter (January–February 2006). "Ryan Preaches PL to CVS Team". Private Label Magazine. Archived from the original on February 25, 2008. Retrieved March 3, 2008.

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