CVS Health is a trusted and leading American healthcare services company. CVS Health is considered as one of the largest medical healthcare providers in the US. It has approximately 300,000 employee base in the United States and has an impressive network of its clinics all over the country. The three major subsidiary companies of CVS Health are CVS Pharmacy, CVS Caremark, and Aetna.
CVS pharmacy is the retail chain of CVS, CVS Caremark is a pharmacy benefit manager and the third one Aetna is a health insurance services provider company. Keeping the motto of serving people to enable them to live a healthy life, the company offers affordable, simple and transparent approach through its services, plans and programs. Let’s explore some more interesting facts about CVS Health.
The 5 Interesting Facts about CVS Health:
Large Number of Retail Stores
CVS Health retail chains are located in 49 states of the US, in the District of Columbia and Puerto Rico. The company runs and own about 9,800 retail stores across the above mentioned locations.
The company’s headquarters is located in Woonsocket, Rhode Island, United States of America.
Retail Health Clinics
Currently, CVS Health is running a big number of retail health clinics in the United States. There are over 1100 CVS Minute Clinics operational in different locations in the country.
Acquired Aetna: Insurance Provider in the US
Aetna the subsidiary company of CVS Health was acquired by CVS in the year 2017 at $69 billion. The Company is one of the largest insurance providers in the United States. At the time of acquisition it had about 23 million medical members.
Interesting Coverage of Retail Chains in the US
Another interesting fact; approximately a major percentage of the US population is living within the range of a CVS pharmacy. If in figures we put it, we can say about 75 percent of population is residing within five miles range of a CVS pharmacy.
Simple Programs for People
CVS offers economical and simple programs to people. The cost of basic health screening at CVS Health comes in range in of $59 to $69. CVS annual physical cost comes at around $89.
About CVS Health
CVS Health is the short abbreviated name for Consumer Value Stores. The company was earlier known as CVS Corporation and CVS Caremark Corporation. It was founded in the year 1963 by three partners. CVS Heath is a publicly traded company and is registered with one of the largest stock exchanges in the world i.e. New York Stock Exchange (NYSE).
The company’s is running under successful leadership of its Chief Operating Officer and President Larry Merlo. In Unites States, CVS Health is included in the list of one of the largest and most trusted pharmacy healthcare provider companies.
As per the latest ranking of Fortune 500 magazine, CVS Health scored the fifth position with a revenue generation of $194.58 billion for the year 2020. In the list of Fortune Global 500 companies CVS bagged 13th rank in the year 2020.
CVS Health is a parent group company of several subsidiary companies. It includes – CVS Pharmacy, Coram, CVS Caremark, Longs Drugs, Aetna, Minute Clinic, Drogaria Onofre, CVS Specialty, Navarro Discount Pharmacies, Accordant, Omnicare, Wellpartner and EncompassRx.
