CVS Health Corp - Company Profile
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CVS Health Corp (CVS Health) is a provider of healthcare and retail pharmacy services. The company offers prescription medications, healthcare and wellness products, beauty products, and personal care products. It also offers pharmacy benefit management (PBM) services, disease management and related services, administrative services, Medicaid health care management services, and prescription drug plans. The company operates long-term care (LTC) pharmacies for the distribution of prescription drugs and relevant pharmacy consulting and ancillary services to long-term care facilities, and other care settings. CVS Health serves pharmacy benefit managers, government funded health care programs, insurance companies, unions, public exchanges and health benefit plans’ sponsors. It markets products through retail pharmacies, online retail pharmacy websites, onsite pharmacies, LTC pharmacies, and MinuteClinic clinics. CVS Health is headquartered in Woonsocket, Rhode Island, the US.
Headquarters
United States of America
Address
One CVS Drive, Woonsocket, Rhode Island, 02895
Website
www.cvshealth.com
Telephone
1 401 7651500
No of Employees
300,000
Industry
Retailing
Ticker Symbol & Exchange
CVS (NYSE)
Revenue (2022)
$322.5B
10.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-47.5%
(2022 vs 2021)
Market Cap*
$94.6B
Net Profit Margin (2022)
XYZ
-52.4%
(2022 vs 2021)
* As of and is in US$
CVS Health Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Prescription Drugs | Prescription Benefit Management Services | ExtraCare |
| Over-the-Counter Drugs | Prescription Management Systems | MinuteClinic |
| Beauty Products | Plan Design and Administration | ExtraBucks |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company teamed up with Inland Empire to celebrate the nation’s heroes this Veterans Day. |
| 2023 | Others | In October, the company removed some popular oral cough and cold medicines from its stores. |
| 2023 | Plans/Strategy | In August, the company and Walgreens announced plans to acquire pharmacy assets of Southeastern Grocers. |
Competitor Comparison
| Key Parameters | CVS Health Corp | Walmart Inc | Amazon.com Inc | Rite Aid Corp | Galenica AG |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Switzerland |
| City | Woonsocket | Bentonville | Seattle | Philadelphia | Bern |
| State/Province | Rhode Island | Arkansas | Washington | Pennsylvania | - |
| No. of Employees | 300,000 | 2,100,000 | 1,500,000 | 47,000 | 5,758 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Karen S. Lynch | President; Director; Chief Executive Officer | Executive Board | 2021 | 60 |
| James D. Clark | Senior Vice President; Chief Accounting Officer; Controller | Senior Management | 2018 | 58 |
| Violetta Ostafin | Executive Vice President; Chief Strategy Officer | Senior Management | 2022 | - |
| Laurie P. Havanec | Chief People Officer; Executive Vice President | Senior Management | 2021 | 62 |
| Sheryl A. Burke | Senior Vice President - Corporate Social Responsibility; Chief Sustainability Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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