CVS Corporation
One CVS Drive Woonsocket, RI 02895
Phone: (401) 765-1500
Web Site: www.cvs.com
Industry: Retail Sector: Services
Employees: 80,000 Updated: 10/30/2006
Stock Symbol: CVS
Business Summary CVS Corporation is a Delaware corporation.
It is in the retail drugstore industry in the United States.
As of December 31, 2005, the Company operated 5,471 retail
and specialty pharmacy stores in 37 states and the District
of Columbia. The Company currently operates in 71 of the
top 100 U.S. drugstore markets and hold the number one or
number two market share in 50 of these markets. As of December
31, 2005, the Retail Pharmacy business included 5,420 retail
drugstores, of which 5,367 operated a pharmacy, and its
online retail website. The retail drugstores are located
in 34 states and the District of Columbia operating under
the CVS or CVS/pharmacy name. CVS/pharmacy stores sell prescription
drugs and a wide assortment of general merchandise, including
over-the-counter drugs, beauty products and cosmetics, film
and photo finishing services, seasonal merchandise, greeting
cards and convenience foods. The PBM business provides a
full range of prescription benefit management services to
managed care and other organizations. These services include
mail order pharmacy, specialty pharmacy, plan design and
administration, formulary management and claims processing.
The PBM business operates under the PharmaCare Management
Services name, and ranks as the fourth largest, full service
PBM in the nation. The Company's specialty pharmacy focuses
on supporting individuals that require complex and expensive
drug therapies to treat conditions such as organ transplants,
HIV/AIDS and genetic conditions such as infertility, multiple
sclerosis and certain cancers. A typical CVS/pharmacy store
sells prescription drugs and a wide assortment of high-quality,
nationally advertised brand name and private label merchandise.
Front store categories include over-the-counter drugs, beauty
products and cosmetics, film and photo finishing services,
seasonal merchandise, greeting cards and convenience foods.
The majority of its sales, particularly pharmacy sales,
are generally not seasonal in nature. The Company has continued
to invest in information systems to enable us to deliver
a high level of customer service while lowering costs and
increasing operating efficiency. As of December 31, 2005,
the Company employed approximately 148,000 associates; of
which approximately 17,000 were pharmacists and about 68,000
were part-time employees who work less than 30 hours per
week. Officers: Thomas M. Ryan , CEO
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