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May 06, 2015 9:30 PM ET

Food and Staples Retailing

Company Overview of CVS Pharmacy, Inc.

Company Overview

CVS Pharmacy, Inc., a retail pharmacy, operates a chain of CVS/pharmacy and Longs Drug stores in the United States. Its stores provide new/refill prescriptions; and information on drugs and health. The company offers vitamins, as well as products in the areas of baby and child beauty, diet and nutrition, health and medicine, home health care, household, personal care, sexual health, and skin care. It serves customers through its retail and online stores. CVS Pharmacy, Inc. was formerly known as CVS, Inc. and changed its name to CVS Pharmacy, Inc. in February 1997. The company was incorporated in 1969 and is based in Woonsocket, Rhode Island. CVS Pharmacy, Inc. operates as a subsidiary of CVS...

One CVS Drive

Woonsocket, RI 02895

United States

Founded in 1969

Phone:

401-765-1500

Fax:

401-652-1593

Key Executives for CVS Pharmacy, Inc.

President and Executive Vice President of CVS Caremark
Age: 50
Chief Executive Officer of CVS Caremark and President of CVS Caremark
Age: 58
Chief Legal Officer and Executive Vice President of Strategy
Age: 54
Executive Vice President of Internal Operations, Real Estate and Supply Chain
Chief Information Officer
Age: 53
Compensation as of Fiscal Year 2014.

CVS Pharmacy, Inc. Key Developments

Douglas Attracts Takeover Interest And Might Also Look For IPO

Advent International Corporation has attracted strategic buyers and private equity groups like LVMH Moët Hennessy Louis Vuitton SA (ENXTPA:MC), CVS Pharmacy, Inc., CVC Capital Partners Limited, KKR & Co. L.P. (NYSE:KKR) for its Douglas Holding AG, as per two sources familiar with the matter. Advent and the Kreke family plan to decide within days whether to concentrate on IPO preparations or to launch an official sales process. The IPO is so far seen as the favored option," one of the sources said. JP Morgan and Goldman Sachs are organizing the divestment process and a deal may be done after the summer break, the sources said. The buyout groups and LVMH declined to comment, while CVS was not immediately available for comment.

CVS/Pharmacy Enhances CVS/pharmacyMobile App

CVS/pharmacy has announced the unveiling of its CVS/pharmacyMobile app with enhanced features. The new enhancements provide customers with a more intuitive and appealing mobile platform so they can easily access a variety of health management and shopping tools straight from their iPhone or Android devices. The CVS/pharmacy Mobile app empowers users to perform key pharmacy and shopping tasks at home, on the go, or while visiting their local CVS/pharmacy, including refilling prescriptions, checking for potential drug interactions and choosing to redeem personalized coupons and rewards digitally by sending them to their ExtraCare Rewards cards with the tap of a finger. Through the updated CVS/pharmacy Mobile app, it is now easier than ever before for customers to manage their health as well as save time and money when, where and how they want. With the goal of enhancing the customer experience, the CVS/pharmacy Mobile app updates include: A home screen that is more personalized and user-friendly; An updated toolbar that makes features more readily accessible; A more intuitive layout, with features broken out to help users better optimize the app in their everyday lives.

CVS/pharmacy Introduces New Glucose Monitoring Device

CVS/pharmacy has introduced the new CVS/pharmacy Brand Advanced Glucose Meter, an FDA-approved meter that provides easy at-home glucose monitoring with reliable results. The high-tech meter and test strips are first in a new series of glucose meter solutions that will offer customers more options and save them money. A 100 count box of the CVS/pharmacy Advanced Glucose Test Strips can cost as little as just 23 cents per test strip, which is considerably less expensive than many of the equivalent test strip options available in-store from alternative brands. Key features of the new CVS/pharmacy Brand Advanced Glucose Meter include proven clinical accuracy, no coding, large memory storage capacity, and a large backlit display with a simplified user experience that displays results in seconds. Another benefit of the new meter is that it requires only a very small 0.5 microliter blood sample size.

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