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