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Global 500

Photograph by Sean Meyers Courtesy of CVS Health

18

CVS Health

CVS

U.S.

CVS Health is still feeling the pinch from its 2014 decision to drop cigarettes. But the company continues to leverage the positive PR from that move to convince more and more employers that it is truly a health care company, allowing it to win new business for its Caremark pharmacy benefits manager. And though the PBM eclipsed its retail drugstore business size a few years ago, the company has still gone still full steam ahead with expanding its CVS/pharmacy business, which has been grappling with declines in comparable sales. CVS recently took over 1,700 in-store drugstores from Target and is rolling out order pickup with tech startup Curbside this year. It is also continuing to push healthier food options in its stores to burnish its image as a healthcare company and improve its beauty selection to better compete with archrival Walgreens.

CEO

Larry J. Merlo

Sector

Food & Drug Stores

Industry

Food and Drug Stores

HQ Location

Woonsocket, RI

Employees

199,000

Years on Global 500 List

21

Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$153,29010.0%
Profits ($M)$5,23712.8%
Assets ($M)$93,657
Total Stockholder Equity ($M)$37,196
Profit Ratios
Profit as % of Revenues3.4%
Profits as % of Assets5.6%
Profits as % of Stockholder Equity14.1%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

News about CVS Health

CVS Is Testing Out Prime-Like Memberships as Amazon Jumps Into Prescription Drugs

The program, called CarePass, is only available in the Boston area for now.

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CVS-Aetna Merger Deal Is Given Go-Ahead by U.S. Antitrust Regulators

CVS Health Corp. and Aetna Inc. can go ahead with their about $68 billion deal, the Justice Department said.

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Videos about CVS Health

How the Nation’s Healthcare System Can Improve

Aetna CEO Mark Bertolini shares his outlook on what it takes to fix the nation’s healthcare system.

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The Idea Behind the CVS-Aetna Merger

Aetna CEO Mark Bertolini explains how the CVS-Aetna merger will be a good thing for the community.

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Aetna CEO: The CVS Deal Isn’t About Making Money

Mark Bertolini explains the idea behind the deal.

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