About CVS Health Corporation (CVS)

Company Description:

CVS Health Corporation, a renowned name in the healthcare sector, is primarily involved in providing health services and plans. The company operates through several segments including Pharmacy Services, Retail/LTC, and Health Care Benefits.

CVS Health was founded on August 22, 1963, by Sidney Goldstein, Stanley Goldstein, and Ralph Hoagland. The company is headquartered in Woonsocket, Rhode Island, United States, and has evolved significantly since its inception, transforming from a chain of health and beauty aid stores into a multifaceted healthcare company.

Main Product(s):

CVS Health's primary offerings encompass a broad spectrum of health services, including pharmacy benefit management solutions, mail order, retail and specialty pharmacy, disease management programs, and retail clinics. They are also known for their extensive range of health and wellness products.

Short History of CVS Health Corporation:

• August 1963 – CVS was founded by Sidney Goldstein, Stanley Goldstein, and Ralph Hoagland.
• 1964 – The first CVS store, selling health and beauty products, was opened.
• 1967 – CVS began operation of its first stores with pharmacy departments.
• 1996 – CVS Corporation became a standalone company after its original parent company, Melville Corporation, was restructured.
• 2007 – Acquisition of Caremark Rx, a major milestone, leading to a name change to CVS Caremark Corporation.
• 2014 – The company changed its name to CVS Health to reflect its broader health care commitment.
• 2018 – CVS Health completed its acquisition of Aetna, marking a significant expansion into health insurance.