CVS: Right on target

Published: 6-Jan-2016
Retail Pharmaceutical

How the chain became the second largest health and beauty retailer in the US.

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CVS Health is one of the largest health and beauty retailers in the US. The CVS group operates four divisions: CVS Pharmacy, which is the second largest pharmacy chain after after the Walgreens (Walgreens Boots Alliance) chain in the US; CVS MinuteClinic, which comprises some 900 walk-in medical clinics that are usually located within CVS Pharmacy stores; CVS Specialty, a department that deals with patient treatments for rare and complex diseases; and CVS Caremark, a Pharmacy Benefit Manager (PBM). PBMs are third party companies that act as an intermediary between a health insurance company and the insured individual, mostly processing and managing drug prescription claims.

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