(Company Information as of 8/2/21)
Headquarters: Woonsocket, R.I.
CEO: Karen S. Lynch
CVS Health Corporation is a public American healthcare company based and focussed in the USA. It was founded in 1963 in Lowell, Massachusetts, U.S. nearly 58 years ago by brothers Stanley and Sidney Goldstein and Ralph Hoagland. It was formerly known as CVS Corporation and CVS Caremark Corporation with Melville Corporation as its predecessor. The healthcare company owns a retail pharmacy chain (CVS Pharmacy), a pharmacy benefits manager (CVS Caremark) and a health insurance provider (Aetna) amongst several others. On the 5th of February 2014, the company had announced that it would discontinue the supply of the tobacco and cigarette products from their stores with effect by the 1st of October, 2014. In February 2021, Karen Lynch became the CEO who believes - “millions of new customers will engage with CVS Health for the first time through testing and vaccine administration.” The current update guidance of the company for 2021 is based on the pharmacy sales rather than the retail for the revenue growth.