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CVS Pharmacy, Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. [6] Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts in 1963.
CVS Health Corporation is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands.
In November 2021, a federal jury found that Walgreens, along with CVS and Walmart, "had substantially contributed to" the opioid crisis. [67] The trial lasted six weeks with the jury returning a verdict finding the pharmacies liable. It was the first trial where pharmacy companies defended themselves amid the opioid epidemic. [68]
CVS Health said it is cutting about 2,900 employees as part of a goal to reduce costs by $2 billion. The job cuts represents about 1% of the health care company's workforce, a CVS spokesperson ...
In January 2019, Walmart announced that it would no longer use CVS Caremark as its pharmacy benefit manager. [19] In January 2020, CVS Caremark announced RxZero, a program that would allow patients with diabetes to pay no copays. [20] In February 2020, Alan Lotvin was appointed president of CVS Caremark. [21]
The top 25 pharmacy chain stores represent about 38,000 pharmacy locations in the U.S. and employ about 149,000 on-staff pharmacists. California has 8,015 pharmacies, the most of any state. Texas, Florida, New York, and Pennsylvania round out the top five states for pharmacy locations. [1]
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