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Global 500

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17

CVS Health

CVS

U.S.

In a year dominated by proposed cross-sector health care mega-mergers like the CVS-Aetna deal, UnitedHealth Group flew somewhat under the radar. But America’s largest health insurer was far from idle. The prolific dealmaker continued to feed its multi-purpose Optum unit—which manages pharmacy benefits, provides health services, and conducts data analytics—including through Optum’s proposed acquisition of DaVita Medical Group and its nearly 300 doctor clinics, adding to an already 30,000-strong physician network. UnitedHealth’s 2017 revenues spiked 9% compared with 2016 to $201 billion. That was mirrored by a 9.1% year-over-year boost in Optum’s revenues, which grew to $91.2 billion.
CVS Health made big moves in 2017 to further expand its footprint. The company fully integrated its acquisition of Omnicare and the pharmacies and clinics of Target while focusing on managing rising drug costs. Reports of a potential $68 billion deal to buy health insurer Aetna began swirling in late 2017 that CVS later confirmed. The acquisition will create a health care behemoth with $240 billion in annual revenue across sectors including retail pharmacy, benefit management, and insurance.

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CEO

Larry J. Merlo

Sector

Health Care

Industry

Health Care: Pharmacy and Other Services

HQ Location

Woonsocket, R.I.

Years on Global 500 List

23

Employees

203,000

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$184,7654.1%
Profits ($M)$6,622.024.5%
Assets ($M)$95,131
Total Stockholder Equity ($M)$37,691
Profit Ratios
Profit as % of Revenues3.6%
Profits as % of Assets7.0%
Profits as % of Stockholder Equity17.6%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about CVS Health

CVS Just Made a Big Change After Closing Its $69 Billion Aetna Deal. Here's What That Could Mean

CVS is already beginning to change its business structure in a post-Aetna deal world.

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CVS Health Promises a New Drug Plan to Pass All Rebates Along to Consumers

The move comes as a bipartisan bill to crack down on the tactics drugmakers use.

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CVS Closes $70 Billion Aetna Deal

CVS Health Corp. has closed its $70 billion deal to buy health insurer Aetna Inc., ending months of reviews by state and federal regulators.

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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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