CVS Health Corporation

CVS Health Corporation

CVS Health Corporation Overview

(S&P Rating: BBB)

CVS Health Corporation is a health care and retail pharmacy company, previously known as CVS Caremark. With 9,700 retail locations and over 1,100 walk-in clinics, CVS Health Corporation serves almost 90 million loyalty members. Its subsidiaries include CVS Pharmacy, CVS Specialty, MinuteClinic, Omnicare, and more.

Key Financials (2017)

Total Revenue:$184.76 billion
Year-Over-Year Revenue Growth:4.08%
Gross Profit:$28.55 billion
Net Income:$6.62 billion

Company Information

The CVS pharmacy logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing Articles

In 2016, CVS filled 1.2 billion prescriptions, approximately 23.8% of the US retail pharmacy market. Its 1,100 MinuteClinic locations make CVS the largest retail clinic operator in the U.S. Along with their other subsidiaries, CVS Health serves customers in Brazil via Drogaria Onofre, Hawaii via Longs Drugs, nursing homes via Omnicare, and patients with rare and chronic diseases via Accordant.  

In 2017, it introduced CVS vending machines that offer many of the personal products available at store locations. In December of the same year, CVS decided to acquire the health care and insurance company, Aetna, for $69 billion. The company currently sits seventh on the Fortune 500 list.

Further Resources

  Company Site | Investor News & Annual Reports | NYSE: CVS

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