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  • Previous Rank
    17
  • Revenues ($M)
    $194,579.00
  • Revenue Percent Change
    5.3%
  • Profits ($M)
    $-594
  • Profits Percent Change
    -109%
  • Assets ($M)
    $196,456.00
  • Employees
    295,000

It was a big year for ever-bigger CVS Health, which notched a 5% increase in annual revenue, to $195 billion, as it closed its $70 billion acquisition of insurer Aetna. The Rhode Island retailer saw particular strength in its pharmacy business—thanks to more network claims and increased prescription volume—even as downward price pressure continued. But all eyes remain on Aetna, and so far, it’s tough sledding. An underwhelming February forecast, and acknowledgment that CVS would have to invest in Aetna as much as it expected to save in the deal, disappointed investors. Can CVS cure what ails it? That depends in part on what happens in Washington. In May, CEO Larry Merlo joined industry peers in criticizing proposed “Medicare for All” legislation that would eliminate private insurers and disrupt the American health care system.

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Company Information

CEO
Larry J. Merlo
Sector
Health Care
Industry
Health Care: Pharmacy and Other Services
HQ Location
Woonsocket, R.I.
Websitehttps://www.cvshealth.com
Years on Global 500 List24
Employees295,000
Acquired Aetna (2017 rank: 154), Nov. 28, 2018.

CVS Health Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$194,579.005.3%
Profits ($M)$-594-109%
Assets ($M)$196,456.00-
Total Stockholder Equity ($M)$58,225.00-

Profit Ratios

Profit as % of Revenues-0.3%
Profits as % of Assets-0.3%
Profits as % of Stockholder Equity-1%