CVS Health / Corporate Member Profile

About CVS Health

CVS Health (previously CVS Corporation and CVS Caremark Corporation) is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; Aetna, a health insurance provider, among many other brands. The company’s headquarters is in Woonsocket, Rhode Island.

Consumer Value Stores (CVS) was founded in 1963 by three partners: brothers Stanley and Sidney Goldstein and Ralph Hoagland, who grew the venture from a parent company, Mark Steven, Inc., that helped retailers manage their health and beauty aid product lines. The business began as a chain of health and beauty aid stores, but within several years, pharmacies were added. To facilitate growth and expansion, the company joined the Melville Corporation, which managed a string of retail businesses. Following a period of growth in the 1980s and 1990s, CVS Corporation spun off from Melville in 1996, becoming a standalone company trading on the New York Stock Exchange as CVS.

  • CVS Corporation
  • CVS Caremark Corporation
Type Public
Predecessor Melville Corporation
Founded 1963; 58 years ago in Lowell, Massachusetts, U.S.
Headquarters 1 CVS Drive,

Woonsocket, Rhode Island


Number of locations
9,967[1] (2019)
Area served
United States
Key people
Karen S. Lynch (President and CEO)
Revenue Increase US$256.58 billion[2] (2019)
Increase US$12.00 billion[2] (2019)
Increase US$6.63 billion[2] (2019)
Total assets Increase US$224.29 billion[2] (2019)
Total equity Increase US$64.17 billion[2] (2019)
Number of employees
Decrease 290,000[3] (2019)
Subsidiaries CVS Pharmacy, MinuteClinic, CVS Caremark, CVS Specialty, Drogaria Onofre, Longs Drugs, Navarro Discount Pharmacies, Accordant, Coram, Omnicare, Wellpartner, EncompassRx, Aetna, Grupo DPSP,[4]