June 27, 2017 11:53 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





Key Executives for CVS Pharmacy, Inc.

President and Executive Vice President of CVS Caremark
Age: 52
Chief Executive Officer of CVS Caremark and President of CVS Caremark
Age: 60
Executive Vice President of Internal Operations, Real Estate and Supply Chain
Vice President of Store Brands
Compensation as of Fiscal Year 2016.

CVS Pharmacy, Inc. Key Developments

CVS Pharmacy Announces the Launch of the New K- Beauty HQ

CVS Pharmacy announced the launch of the new K- Beauty HQ at 2,100 CVS Pharmacy stores nationwide, making this one of the Korean beauty initiatives globally. More than 100 new products from South Korean beauty brands, some of which will be exclusive to CVS, will be available at the CVS Pharmacy K-Beauty HQ, rolling out this spring.

CVS Pharmacy Office in Chestnut Ridge Announces Layoff

Nearly 100 jobs at the CVS Pharmacy office in Chestnut Ridge are affected by a layoff notice filed with state regulators. The company's filing described economic factors as the reason for an expected plant layoff involving 99 jobs at the Rockland County business at 80 Red School House Road. The affected employees at the Chestnut Ridge office were notified last week and will be eligible to receive severance benefits, including outplacement services. The employees can also apply for open CVS Health positions in the area. The filing, which is required by state law, noted the layoff date is May 31 and affected workers are not represented by a union.

OptumRx and CVS Pharmacy Partner to Expand Consumer Choice, Reducecosts, Improve Health Outcomes

OptumRx and CVS Pharmacy are partnering to provide more convenient choices and lower costs for consumers and clients while improving health outcomes. The strategic relationship will bring together complementary capabilities to provide greater convenience and value. Together, the two companies will offer employers a new pharmacy network solution that: Provides eligible OptumRx members the option to fill 90-day prescriptions at prices equal to home delivery copay levels at CVS locations nationwide or through OptumRx home delivery; Increases consumer engagement and improves health outcomes through the combination of OptumRx's leading pharmacy and clinical solutions with CVS Pharmacy's leading in-store health and wellness capabilities; Enables OptumRx and CVS Pharmacy to leverage a shared pharmacy platform to develop new pharmacy and health solutions for clients and consumers.

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