CVS Pharmacy, also known as CVS Health, is a retail pharmacy and healthcare company headquartered in Woonsocket, Rhode Island. It was founded in 1963 by Stanley Goldstein, Sidney Goldstein, and Ralph Hoagland, initially operating as a chain of health and beauty aid stores. Over the years, CVS Pharmacy has evolved into a leading pharmacy and healthcare provider in the United States.

Today, CVS Pharmacy offers a wide range of products and services to meet the healthcare needs of its customers. It operates a vast network of retail pharmacies, offering prescription medications, over-the-counter drugs, health and beauty products, as well as general merchandise. In addition, CVS Health provides pharmaceutical services to long-term care facilities and mail-order pharmacy services.

The company also offers healthcare services such as immunizations, health screenings, and MinuteClinic walk-in medical clinics located in select stores. On a global scale, CVS Pharmacy operates primarily in the United States. However, it has established noteworthy partnerships and subsidiaries to expand its presence.

Notably, CVS Pharmacy merged with Caremark Rx in 2007, forming CVS Caremark Corporation, which combines retail pharmacy services with pharmacy benefit management operations. CVS Caremark Corporation serves over 100 million plan members through its pharmacy benefit management services. In terms of market position, CVS Pharmacy is a major player in the healthcare and retail pharmacy industry.

With its extensive retail network and diverse range of products and services, CVS Pharmacy has gained a strong foothold in the market. It competes with other major players like Walgreens Boots Alliance and Rite Aid. CVS Pharmacy has achieved significant milestones and implemented strategic changes to drive its growth.

In 2014, the company announced its decision to stop selling tobacco products in all of its stores, aligning with its commitment to promoting better health. Furthermore, CVS Pharmacy acquired health insurer Aetna in 2018, expanding its reach into the insurance and healthcare sectors. As of the latest available information, CVS Pharmacy continues to be a prominent retail pharmacy and healthcare company.

Its commitment to providing accessible healthcare services and innovative solutions has contributed to its ongoing success in the industry