CVS Health continued its multi-year transformation from pharmacy company to health care company as the “retailization” of health trend continues in the United States. (CVS sees itself as the last mile in the delivery of care.) The company spent the year integrating its 2015 acquisition of Omnicare and the pharmacies and clinics of Target and focused on managing rising drug costs. Still, ongoing uncertainty around health care reform in the U.S. is weighing on the company, and CVS Health expects to close stores as it rationalizes its now-larger footprint. CVS Health was founded in 1963 and is headquartered in Woonsocket, R.I.
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