CVS Caremark Corporate Profile
Financials
Current Annual Revenue
$194.58 billion
2018 Operating Income
$4.02 Billion
2018 Number of Stores
9,900
2018 Fiscal Year
5.31%
Credit Rating
S&P Rated:
Investment Grade BBB (Long-Term)
A-2 (Short-Term)
CVS Caremark Corporate Profile
CVS Health (NYSE: CVS) is a health care retailer based in the U.S. It operates over 7,000 pharmacy and drug stores and was ranked 8th on the Fortune 500 list in 2019. CVS Health consists of four divisions, which include CVS/pharmacy, CVS/caremark, CVS/specialty, and CVS/minuteclinic. CVS/pharmacy generates over 68% of CVS Health’s total revenue with 9,709 retail stores in 49 states. CVS/caremark provides comprehensive prescription benefit management services to over 2,000 health plans and generates a net revenue of ~$37 billion. CVS/minuteclinic is the largest walk-in medical clinic in America. It operates in 570 locations across 26 different jurisdictions. CVS carries many of its own products branded under CVS, including Just the Basics, Essence of Beauty, Gold Emblem, Absolutely Divine, Blade, Earth Essentials, Caliber, and Life Fitness. It is also party to exclusive distribution contracts with Nuprin, Christophe, PreVentin-AT, 24/7, Skin Effects, and Lumene. CVS has achieved much of its growth through the acquisition of other companies, including Clinton Drug and Discount Stores, Mack Drug, Peoples Drug, Revco, Eckerd, and Longs Drug Stores.