#6 CVS Health

Company Name	CVS Health Corporation
Founded	1963 (as Consumer Value Stores)
Headquarters	Woonsocket, Rhode Island, U.S.
Industry	Healthcare, Retail, Pharmacy Services
CEO	Karen S. Lynch (as of 2024)
Revenue (2023)	$322.5 billion
Employees	300,000+
Key Services	Retail pharmacy, Health insurance (Aetna), MinuteClinic, PBM (Caremark)
Stock Ticker	CVS (NYSE)
Acquisitions	Aetna (2018), Omnicare (2015)5
Global Presence	Primarily in the U.S., with some international partnerships
Website	www.cvshealth.com

 

1963	CVS (Consumer Value Stores) founded by Stanly and Sidney Goldstein in Lowell, Massachusetts.
1964	Company name changed to CVS, and it opens its first retail pharmacy in Warwick, Rhode Island.
1970s	CVS expands into other retail locations, and begins to sell over-the-counter products.
1980	CVS goes public, listing shares on the New York Stock Exchange (NYSE) under the ticker CVS.
1990s	CVS rapidly expands nationwide, with more stores and a broader range of health products.
1996	CVS introduces its first pharmacy benefits management service, Caremark.
2000s	CVS evolves into a major player in the pharmacy and healthcare services market.
2004	CVS acquires the online pharmacy, RxAmerica.
2007	CVS acquires Caremark, a pharmacy benefit management company, creating CVS Caremark.
2014	CVS quits selling tobacco products in its stores, aligning with its health and wellness focus.
2015	CVS acquires Omnicare, expanding into long-term care pharmacy services.
2018	CVS Health acquires Aetna, a leading health insurance company, forming an integrated healthcare model.
2019	Launches HealthHUBs, in-store health centers offering expanded healthcare services.
2020	CVS Health expands COVID-19 testing services and launches vaccine distribution efforts.
2021	CVS Health announces plans to reduce carbon emissions and achieve net-zero emissions by 2050.
2023	CVS Health continues to lead in retail pharmacy, health insurance, and services innovation.