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VS Health From Wikipedia, the free encyclopedia Jump to navigationJump to search This article is about the parent company previously named CVS Caremark. For the subsidiary currently named CVS Caremark, see CVS Caremark. This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (December 2017) This article contains content that is written like an advertisement. (December 2018) This article needs attention from an expert in Companies. (August 2020) CVS Health Corporation CVS Health Logo.svg Formerly CVS Corporation CVS Caremark Corporation Type Public Traded as NYSE: CVS S&P 100 Component S&P 500 Component Industry Retail Health care Predecessor Melville Corporation Founded 1963; 58 years ag o in Lowell, Massachusetts, U.S. Headquarters 1 CVS Drive, Woonsocket, Rhode Island, U.S. Number of locations 9,967 (2019) Area served United States Key people Karen S. Lynch (President and CEO) Revenue Increase US$268.70 billion (2020) Operating income Increase US$13.91 billion (2020) Net income Increase US$7.17 billion (2020) Total assets Increase US$230.71 billion (2020) Total equity Increase US$69.70 billion (2020) Number of employees 300,000 (2020) Subsidiaries CVS Pharmacy, MinuteClinic, CVS Caremark, CVS Specialty, Drogaria Onofre, Longs Drugs, Navarro Discount Pharmacies, Accordant, Coram, Omnicare, Wellpartner, EncompassRx, Aetna, Grupo DPSP, Website 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; and Aetna, a health insurance provider, among many other brands. The company's headquarters is in Woonsocket, Rhode Island. It is the largest U.S.-only corporation in the world, and also the largest to only serve one country. 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. It later completed a merger with the pharmacy benefit management company Caremark Rx in 2007, and was renamed CVS Caremark Corporation. The company was renamed CVS Health in 2014, following its decision to remov e tobacco products from CVS Pharmacy store shelves. CVS Health's assets include CVS Pharmacy, CVS Caremark, CVS Specialty, and the retail clinic MinuteClinic. In 2020, it ranked 5th on the Fortune 500 and 13th on the Fortune Global 500 list with $194.58 billion in annual revenue. In December 2017, CVS agreed to acquire Aetna for $69 billion and completed the acquisition in November 2018. Legal issues related to the merger were resolved in September 2019. In February 2020, CVS Health announced changes to its Board of Directors. Directors Richard "Dick" Swift, Richard Bracken and Mark Bertolini will no longer stand for re-election at the comp