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CVS Health Subsidiaries (Profile & Funding)

There is a whole lot to know about CVS health and what they specialize in. Many years ago, CVS cooperation had focused on health-related issues but things have changed and you should know about it. This article has good information on CVS Health subsidiaries ( profile & funding).

CVS Health Subsidiaries (Profile & Funding)

CVS Company Profile

The CVS Health Corp. operates in the healthcare industry. Pharmacy Services, Retail or Long-Term Care, Health Care Benefits, and Corporate/Other are its four operating segments.

Solutions for pharmaceutical benefit management are provided by the pharmacy services segment.

Prescription pharmaceuticals, a range of health and wellness goods, as well as general commerce, are all sold in the retail or long-term care market.


More About Its Profile

The Health Care Benefits segment offers conventional, voluntary, and consumer-directed health insurance products and related services.

In the Corporate/Other section, management and administrative services are offered.

The business is headquartered in Woonsocket, Rhode Island, and was established in 1963 by Stanley P. Goldstein and Ralph Hoagland.

CVS Health Corporation History


Three partners, brothers Stanley and Sidney Goldstein and Ralph Hoagland founded Consumer Value Stores (CVS) in 1963.

They expanded the business from a parent firm, Mark Steven, Inc., which assisted retailers in managing their health and beauty aid product lines.

The health company started out as a chain of health and beauty supply stores, but after a while pharmacies were added.

More Things to Know

In order to grow, the company affiliated with the Melville Corporation, which ran a number of retail establishments.

Following a period of expansion in the 1980s and 1990s, Melville’s CVS Corporation split off in 1996, creating a separate company that trades as CVS on the New York Stock Exchange. 

In December 2017, CVS and Aetna reached a $69 billion acquisition agreement. completed the acquisition in November 2018.

The merger’s legal concerns were settled in September 2019. CVS Health announced changes to its board of directors in February 2020, reducing the number of members from 16 to 13. 

Other Things to Know

On the Fortune 500 list in 2021, CVS Health came in at number four and was placed seventh on the Fortune Global 500 list.

On November 18, 2021, CVS Health declared that it would be closing 900 locations over the following three years, with the process set to start in the spring of 2022.

A federal jury concluded in November 2021 that CVS, Walgreens, and Walmart “had largely contributed to” the opioid crisis.

CVS Organizational Structure

Healthy store

The organizational structure of CVS is a cooperative M-form, which in this case is effectively a divisional organizational structure based on products.

The business is organized in an M-shape and has a number of divisions or subsidiaries, including MinuteClinic, CVS Caremark, CVS Pharmacy, and the Brazilian subsidiary.

Additionally, this organizational structure is cooperative in that the divisions work together to share information and resources.

More About the Structures

To further streamline operations and offer clients convenient prescription filling and delivery services, prescription information is exchanged between CVS Caremark and CVS Pharmacy.

Workflows and operational procedures inside the corporate structure of the organization make use of and are reliant upon distributed core competencies.

CVS Health Funding

Year Revenue
in mil. US$
Net income
in mil. US$
Total Assets
in mil. US$
Employees Stores
2005 37,007 1,225 15,247 148,000 5,474
2006 43,821 1,369 20,574 176,000 6,205
2007 76,330 2,637 54,722 200,000 6,301
2008 87,472 3,212 60,960 215,000 6,981
2009 98,144 3,690 61,918 211,000 7,095
2010 95,766 3,424 62,457 201,000 7,248
2011 107,080 3,462 64,852 202,000 7,388
2012 123,120 3,864 65,474 203,000 7,508
2013 126,761 4,592 70,550 208,000 7,702
2014 139,367 4,644 73,202 217,800 7,866
2015 153,290 5,237 92,437 243,000 9,681
2016 177,526 5,317 94,462 250,000 9,750
2017 184,765 6,622 95,131 246,000 9,846
2018 194,579 -594 196,456 295,000 9,967
2019 256,776 6,634 222,449 290,000 9,941
2020 268,706 7,179 230,715 300,000 9,962
2021 292,111 7,910      

CVS Health Subsidiaries 

1. CVS Pharmacy

With 9,600 locations across all 50 states, the District of Columbia, and Puerto Rico, CVS Pharmacy is one of the biggest retail pharmacy chains in the country.

It operates primarily under the names CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy, and Drogaria Onofre.

More than one out of every five prescriptions in the US are filled by CVS Pharmacy, and 8 out of 10 Americans live close to one.

The ExtraCare loyalty program is the biggest retail loyalty program in the nation, with over 70 million cards.

2. CVS Caremark

In addition to mail order pharmacy services, plan design and administration, and claims processing, CVS Caremark offers full prescription benefit management services.

Employers, health plans, Managed Medicaid plans, and other sponsors of health benefit plans are the company’s main clients, and they are located all across the country.

Through five mail-order pharmacies, specialty pharmacies, and long-term care pharmacies, CVS Caremark manages the dispensing of prescription drugs for more than 75 million members.

3. HealthHub

In addition to typical CVS sites, HealthHUBs operate inside a few CVS Pharmacy locations and provide a range of extra services.

Locations of HealthHUB provide a wider range of compression therapy, durable medical equipment, home, and health technology, and sleep apnea.

Care Concierges, who are knowledgeable about HealthHub goods and services, work at the HealthHUBs.

Additionally, the Nurse Practitioners and Physician Assistants are supported by Medical Assistants, at MinuteClinic locations that are HealthHub stores.

4. Coram

One of the biggest infusion service providers in the US, Coram also offers clinical and compliance monitoring, one-on-one patient counseling, and education.

Through a nationwide network of more than 85 facilities and the largest home infusion network in the country, Coram provides care for 140,000 patients each year. 

In August 2015, CVS Health purchased the business, and it is now run as a fully owned subsidiary of CVS Health Corporation. 

5. MinuteClinic

In the US, MinuteClinic retail medical clinics are located inside CVS Pharmacy stores.

With more than 1,100 facilities throughout 33 states and the District of Columbia, it is the biggest walk-in clinic in the country.

Today, more than 50% of Americans reside within 10 miles of a MinuteClinic.


6. CVS Speciality

The specialized pharmacy section known as CVS Specialty offers specialty pharmacy services to people with hereditary or chronic disorders who need sophisticated and expensive treatments.

The largest specialty pharmacy in the United States is CVS Health, which runs 24 retail specialty pharmacy shops and 11 specialized mail order pharmacies. 

Finally, you should know that CVS is one company that has thrived to be where it is today and its services are also top-notch. 

Frequently Asked Questions

1. What Companies are Owned by CVS?

  • CVS Pharmacy

  • MinuteClinic

  • CVS Caremark

  • CVS Specialty

2. Is CVS and CVS Health the Same?

The company’s retail division, which is still known as CVS, is a part of CVS Health.

3. Who Manufactures CVS Health?

Melville Corporation.

4. Who is CVS Partnered with?

Microsoft alliance.

5. Is CVS Owned by Aetna?

Aetna is now officially part of CVS Health.

6. Does CVS own Aetna and Humana?

For now, CVS owns just Aetna.

7. Is Cigna Affiliated with CVS?

Yes, it is.

8. Is Cigna Part of CVS?

Definitely, it is.

9. Who Owns Humana Now?

United Healthcare Corp.

10. Did Walmart Buy Humana?

No, they did not.

If you enjoyed this article and found it helpful, do well to share it with friends and loved ones, and also, you can share your opinions in the comment section. 

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