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

Phone:

401-765-1500

Fax:

401-652-1593

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.

Similar Private Companies By Industry

Company Name Region
1-800-WINESHOP.COM, Inc. United States
130-10 Food Corp. United States
2328 On Twelfth, LLC United States
3 Sisters Chocolate and Mad Cow Memories, LLC United States
3548 Meat Corp. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 16, 2017
Loop Pharmacy and Home Medical, Retail Pharmacy Business
Merger/Acquisition
April 28, 2017
Marsh Supermarkets Company, LLC, Pharmacy Business
Merger/Acquisition
November 1, 2016
Gray's Pharmacy Inc.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact CVS Pharmacy, Inc., please visit www.cvs.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.