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Sixth Season of CVS Caremark-Boston Red Sox Partnership Smashing Success

CVS Caremark Newsroom — Mon, 30 Aug 2010 12:00:00 -0400

Approximately 200 New England youth baseball players with disabilities participated in 2010 CVS Caremark All Kids Can Baseball Camps

WOONSOCKET, R.I., Aug 30, 2010 /PRNewswire via COMTEX/ --

CVS Caremark and the Boston Red Sox have hit another home run with the 2010CVS Caremark All Kids Can Baseball Camps at Fenway Park. For the sixth season, the team endeavor by CVS Caremark and the Red Sox brought countless smiles to New England children with disabilities through action-packed, dream-fulfilling baseball camps at Fenway. The CVS Caremark All Kids Can Baseball Camps afford children with physical and/or intellectual disabilities an opportunity to play ball at Fenway and work one-on-one with Red Sox Hitting Coach Dave Magadan.

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This year's CVS Caremark All Kids Can Baseball Camps brought nine baseball teams from various towns and cities in Rhode Island, Connecticut, Massachusetts and New Hampshire to Fenway Park - providing a memorable sports experience to nearly 200 children, their coaches and family members. Since the inception of the CVS Caremark All Kids Can Baseball Camps, 54 camps have been held at Fenway, reaching approximately 900 New England children with disabilities.

"We have been thrilled with the success of these camps and the number of New England children that have been able to participate," said Eileen Howard Dunn, Senior Vice President of Corporate Communications and Community Relations for CVS Caremark Corporation. "These kids face all kinds of challenges on a daily basis, yet when they come to Fenway to participate in one of our All Kids Can Baseball Camps, you see the sheer joy on their faces in being part of the Fenway Park experience. We're happy to be teaming with Dave Magadan and the Red Sox on this wonderful program, which embodies the mission of our All Kids Can program."

Boston Red Sox Hitting Coach Dave Magadan said, "The camps give the kids a chance to forget about their every day problems -- their various health challenges and illnesses. There's nothing like baseball to make you forget about your troubles. I don't know who has more fun...me, the parents, the coaches or the players themselves, but just seeing the looks on the players' faces and how they light up when they get to swing a bat at Fenway makes it all worth it."

Each CVS Caremark All Kids Can Baseball Camp included hitting tips and instruction in the Red Sox batting cage with Magadan, as well as on-field batting practice; a photo opportunity and lunch in the Red Sox dugout; a visit from Red Sox mascot Wally the Green Monster; a VIP tour of Fenway Park; early entry to the evening's Red Sox batting practice; and tickets to the evening's game in the CVS/pharmacy Family Section.

In planning the camps, CVS Caremark reached out to coaches of Little League Challenger Teams, Miracle League teams and inclusive baseball teams in the New England area to apply for an opportunity to attend one of nine camps. The camps are part of a continued partnership between CVS Caremark and the Boston Red Sox, demonstrating their shared commitment to local children with disabilities.

The camps are part of CVS Caremark's national philanthropic All Kids Can program, which focuses on helping children with disabilities learn, play and succeed in life.

About the Little League Challenger Division

The Challenger Division was established in 1989 as a separate division of Little League Baseball to enable boys and girls with physical and/or developmental challenges, ages 5 to 18, to enjoy the game of baseball along with the millions of other children who participate in this sport worldwide. Teams are set up according to abilities, rather than age, and can include as many as 15 to 20 players.

About CVS Caremark All Kids Can

CVS Caremark All Kids Can(TM), a program of the CVS Caremark Charitable Trust and supported by CVS Caremark, is a 5-year, $25 million commitment to making life easier for children with disabilities. Through this signature program, CVS Caremark and the Trust will support nonprofit organizations that provide innovative programs and services in local communities focused on helping children with disabilities learn, play and succeed in life.


               Dawn Ratte 401-453-4748;
    CONTACT:   401-580-9597
      dratte@addventures.com

      Joanne Dwyer 401-770-2898
      jdwyer@cvs.com

SOURCE CVS Caremark

CVS/pharmacy and Boundless Playgrounds Join the Pepsi Refresh Challenge to Support Children of All Abilities

CVS Caremark Newsroom — Mon, 23 Aug 2010 12:00:00 -0400

Public Invited to Vote for Favorite Playground 'Idea;' Winner Will Receive $70,000 to Build All-Inclusive Playground

WOONSOCKET, R.I., Aug 23, 2010 /PRNewswire via COMTEX/ -- CVS/pharmacy, Boundless Playgrounds, and Pepsi are inviting the public to join them as they work together to provide all children with the opportunity to play together in a truly inclusive environment. The partnership is part of the Pepsi Refresh Project, a groundbreaking effort that funds ideas, big and small, that can refresh the world.

From now until September 28 at noon ET, the public is asked to visit http://www.boundlessplay.refresheverything.com/ and vote on which playground idea should receive $70,000 in funding to build a Boundless Playground. Voting is limited to one vote, per person, per day. The website will announce the winning idea on September 28, 2010.

On a Boundless Playground children of all abilities can gain the important developmental and physical benefits of unstructured play. They also learn to appreciate the unique capabilities of others, regardless of any perceived ability, and are able to grow together while playing side-by-side in a safe environment.

The partnership with the Pepsi Refresh Project is made possible through CVS Caremark All Kids Can, a 5-year, $25 million commitment to support children with disabilities. Since 2006, CVS Caremark All Kids Can has supported Boundless Playgrounds and donated more than $4 million which has resulted in the building of more than 50 Boundless Playgrounds nationwide.

"Our goal with All Kids Can is to help all children succeed in life. A Boundless Playground has a real impact on a child's physical and emotional development and we're thrilled to be a part of creating an environment that encourages all children to learn and play with one another," said Eileen Howard Dunn, Senior Vice President of Community Relations for CVS Caremark. "We are excited to be part of the Pepsi Refresh Project and to give people the opportunity to support organizations like Boundless Playgrounds in their commitment to making local communities a better place for all children."

"We are proud to partner with CVS/pharmacy and Boundless Playgrounds and support their mission to give children of all abilities the opportunity to play together in a fun and welcoming environment. The Pepsi Refresh Project supports powerful, creative and fun ideas that encourage positive change and we're thrilled to be part of an initiative that has and continues to make a difference in the lives of children with all abilities in communities throughout the country," said David Regine, Pepsi National Account Manager, CVS/pharmacy Team.

Through the Pepsi Refresh Project, Pepsi is awarding more than $20 million in 2010 to fund ideas that move the world forward. At http://www.refresheverything.com/, anyone can submit an idea and each month the public votes to determine which ideas get funded.

The Pepsi Refresh Project is an evolution of the Refresh Everything initiative Pepsi launched in 2009, which showed the brand as a catalyst for optimism. In 2010, Pepsi is funding ideas that will move the world forward in six categories: Health, Arts & Culture, Food & Shelter, The Planet, Neighborhoods and Education. The Pepsi Refresh Project features significant social engagement around people and the power of ideas.

Boundless Playgrounds

Boundless Playgrounds is the leading nonprofit developer of truly inclusive playgrounds where children of all abilities gain the important developmental and physical benefits of unstructured play. On a Boundless Playground all children can be in the middle of the fun. There are nearly 200 Boundless Playgrounds in 31 states and Canada, with over 100 under development. For more information about Boundless Playgrounds, visit http://www.boundlessplaygrounds.org/.

About PepsiCo

PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generate more than $1 billion in annual retail sales. Our main businesses - Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade - also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in over 200 countries. With more than $60 billion in revenue, PepsiCo's people are united by our unique commitment to sustainable growth, called Performance with Purpose. By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. For more information, please visit http://www.pepsico.com/.

About CVS Caremark All Kids Can

All Kids Can, a program of the CVS Caremark Charitable Trust and CVS Caremark, is a five-year, $25 million commitment to support children with disabilities. The goals of All Kids Can are to support children with disabilities by raising awareness in schools and in local communities about the importance of inclusion, creating greater opportunities for physical activity and play, and providing access to medical rehabilitation and related services. CVS Caremark and its more than 211,000 employees help children with disabilities learn, play and succeed through partnerships with leading local and national nonprofit organizations. For more information, visit http://www.cvsallkidscan.com/.

About CVS/pharmacy

CVS/pharmacy, the retail division of CVS Caremark Corporation (NYSE: CVS), is America's leading retail pharmacy with more than 7,100 CVS/pharmacy and Longs Drug stores. CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at info.cvscaremark.com.

Contact:
Eva Pereira
RF|Binder Partners
781-559-0424
eva.pereira@rfbinder.com
Erin Pensa
CVS/pharmacy
401-770-4786
epensa@cvs.com

SOURCE CVS/pharmacy

CVS/pharmacy and MinuteClinic Offer 'Flu Shots Your Way' at All Locations Nationwide

CVS Caremark Newsroom — Mon, 23 Aug 2010 12:00:00 -0400

Every CVS/pharmacy location now providing flu shots
My Flu Shot Scheduler on CVS.com lets customers make a flu shot appointment at the time, date and CVS location of their choice
All MinuteClinic locations provide flu shots 7 days per week with no appointment needed

WOONSOCKET, R.I., Aug 23, 2010 /PRNewswire via COMTEX/ -- CVS/pharmacy, the nation's leading retail pharmacy, and MinuteClinic, the largest retail health care clinic provider in the U.S., today announced that flu vaccinations are now available at all of its locations nationwide. CVS/pharmacy has more than 7,000 locations and MinuteClinic has more than 500 locations inside select CVS/pharmacy stores.

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For the first time, customers will be able to make an appointment to receive a flu shot from a CVS pharmacist at the time, date and location of their choice by using My Flu Shot Scheduler, a new online resource available at www.cvs.com/flu.

My Flu Shot Scheduler offers unparalleled access to flu vaccinations by allowing consumers to make vaccination appointments with a CVS pharmacist that are convenient for them based on their zip code or city/town, as well as the number of people in their family who want to be vaccinated. The exclusive online scheduler will also identify the times and dates of CVS/pharmacy walk-in flu clinics. My Flu Shot Scheduler is also available by calling toll-free 1-888-FLU-SHOT or 1-888-88-GRIPE (Spanish).

This year, only one vaccine will be required for protection against three influenza strains, including the H1N1 virus and the seasonal H3N2 virus. In addition, the U.S. Centers for Disease Control and Prevention (CDC) is recommending for the first time that anyone ages six months or older get a flu shot, an expansion from its previous recommendations that certain risk groups be vaccinated.

"With this year's 'all-in-one' flu vaccine and the CDC's recommendation that everyone be vaccinated against influenza, it is more important than ever that customers be provided with convenient access to a flu shot," said Troyen A. Brennan, M.D., Chief Medical Officer, CVS Caremark. "Through our 'Flu Shots Your Way' campaign, consumers can make an appointment for a flu shot or take advantage of a walk-in flu clinic at their local CVS/pharmacy, or visit a MinuteClinic for a flu shot any day of the week with no appointment needed."

Each year, influenza causes approximately 36,000 deaths in the United States. A flu shot can reduce the chance of becoming infected by influenza by up to 70%. Because it takes about two weeks to achieve full immunization from influenza after being vaccinated, a flu shot is recommended as early as possible.

"The best protection against the flu is a flu shot. Even if you received the H1N1 vaccine earlier this year, you should still receive this year's 'all-in-one' seasonal flu shot," said Paulette Thabault, RNC, MS, Chief Nurse Practitioner Officer, MinuteClinic. "Influenza is a contagious respiratory illness, so getting a flu shot is an effective way to protect both yourself and those around you."

"In addition to getting a flu shot, consumers can help prevent the spread of germs this flu season by remembering to wash your hands frequently with soap and water or an alcohol-based cleanser, cover coughs and sneezes with your elbow or a tissue, avoid contact with people who are sick with the flu, and stay home from school or work if you have the flu," said Papatya Tankut, RPh, Vice President of Pharmacy Professional Services, CVS/pharmacy. "If you do catch a cold or the flu, CVS pharmacists are available to help you find the right products to treat your symptoms."

MinuteClinic nurse practitioners can vaccinate patients who are 18 months or older except in Massachusetts, where the minimum age is 24 months. The minimum age for vaccinations by a pharmacist varies depending on the state. Check with your local CVS/pharmacy or visit cvs.com/flu's My Flu Shot Scheduler to determine minimum vaccination age by state. MinuteClinic flu shots are administered in a private exam room and CVS/pharmacy will use privacy screens for patients receiving flu shots from pharmacists in the pharmacy area.

A flu shot at CVS/pharmacy or MinuteClinic costs $29.95 and vaccinations are covered by many insurance plans. CVS ExtraCare cardholders who receive a flu shot at CVS/pharmacy or MinuteClinic will also receive a one-time 10% discount on non-pharmacy purchases up to $100 at CVS/pharmacy, except where otherwise prohibited by law.

For more information, please visit www.cvs.com/flu or www.minuteclinic.com/flu.

About CVS/pharmacy

CVS/pharmacy, the retail division of CVS Caremark Corporation (NYSE: CVS), is America's largest retail pharmacy with more than 7,000 CVS/pharmacy and Longs Drug stores. CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at http://www.cvscaremark.com/.

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence, with approximately 500 locations in 25 states and the District of Columbia. By creating a health care delivery model that responds to patient needs, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than seven million patient visits, with a 95% customer satisfaction rating. MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceed the national guidelines established for store-based clinics. MinuteClinic is the first retail health care provider to receive accreditation (2006) and reaccreditation (2009) from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit http://www.minuteclinic.com/.

Media Contacts:
Mike DeAngelis
CVS Caremark
401.770.2645
mjdeangelis@cvs.com

Rachel Walt
Weber Shandwick
617.520.7254
rwalt@webershandwick.com

Brent Burkhardt
TBC (for MinuteClinic)
(410) 986-1303
bburkhardt@tbc.us

SOURCE: CVS/pharmacy

CVS Caremark Behavioral Change Research Partnership Presents Ongoing Research at Center for Disease Control Symposium

CVS Caremark Newsroom — Wed, 18 Aug 2010 12:00:00 -0400

Research into Timing and Presentation of Consumer Options Could Lead to Programs that Improve Medication Adherence Rates

WOONSOCKET, R.I., Aug 18, 2010 /PRNewswire via COMTEX/ -- CVS Caremark (NYSE: CVS) today said that preliminary findings from ongoing research about how consumers make health care choices shows that if a consumer is proactively presented with a decision to select automatic versus manual refills before they fill a prescription, they are twice as likely to choose the automatic option than those who are asked after receiving the prescription.

Those findings were presented today at a communications symposium sponsored by the Centers for Disease Control in Atlanta, GA, by Punam Anand Keller, a faculty member at the Tuck School of Business, Dartmouth College, and Bari A. Harlam, senior vice president, CVS Caremark. Keller is a member of CVS Caremark's Behavior Change Research Partnership (BCRP).

Keller said the new research by CVS Caremark seeks to address the fact that many health care decisions are unnecessarily complicated by the lack of clear and plain language. In addition, she said, choices for programs like automatic refill of prescriptions, or generic alternatives can be overlooked because those options are not readily transparent to the consumer.

"Through this research we are testing options presented through four different communications channels to see how consumers react to different scenarios," said Keller. "One of our preliminary findings looking at consumers on the Web shows that if we reach out and present a decision to choose automatic refill in advance of renewing a prescription, they sign up at twice the rate of those who were passively presented an opt-in choice after receiving a prescription."

The BCRP is calling the proactive test "Active Choice." CVS Caremark is testing Active Choice in four communication channels: through interactive Web sign-ins; during in-bound customer calls to care centers; through automated outbound telephone calls; and through direct mail. Results for how consumers react in all four channels are not complete. However, Keller said the test using Web-based tools includes an automatic pop-up box that poses the question in clear language before a prescription is filled. The volume of automatic refill requests through that scenario were double the rates the company previously saw.

CVS Caremark launched the BCRP last March to study ways behavioral economics might impact health care decisions, and to better understand why some patients stop taking chronic illness maintenance medications prescribed by their doctors. Besides Keller, other leading behavioral economists participating on the BCRP are George Loewenstein from Carnegie Mellon University and Kevin Volpp from the University of Pennsylvania's Medical School and The Wharton School of Business.

The ongoing work is focusing on how different communications can encourage consumers to stay on their medications and offering automatic refills - the focus of the Active Choice review -- is one way to encourage adherence. Keller said the BCRP work on the Active Choice option is continuing and like other CVS-sponsored studies, the BCRP plans to share the findings publicly in the interest of encouraging better understanding of adherence issues throughout the industry.

"We are looking at this issue from all angles because it is well known that medication non-adherence is costing the health care system billions of dollars every year because people who stop taking medications may face unnecessary hospital admissions and other health care expenditures," said Troyen A. Brennan, MD, MPH, executive vice president and chief medical officer of CVS Caremark. "Our plan is to develop innovative programs that encourage adherence because good pharmacy care is among the most cost-effective health care options."

Past industry studies show one-quarter of people receiving prescriptions never fill their first prescriptions, and patients with chronic diseases such as diabetes and coronary artery disease adhere to their ongoing medication regimen about half of the time. Non-adherence to essential medications is a frequent cause of preventable hospitalizations and patient illness, with costs to the U.S. health care system estimated at about $300 billion annually.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,100 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

    Media Contact:
    Jon Sandberg
    CVS Caremark
    401-770 4914
    jlsandberg@cvs.com

SOURCE CVS Caremark

CVS/pharmacy Enters Omaha Market

CVS Caremark Newsroom — Mon, 16 Aug 2010 12:00:00 -0400

Caps a year of high profile new market entries in St. Louis, Memphis and Puerto Rico
Announces sponsorship of Walk to Defeat ALS events in Nebraska

WOONSOCKET, R.I., Aug 16, 2010 /PRNewswire via COMTEX/ --

CVS/pharmacy celebrated its entry into the Omaha market today with a grand opening at one of its two new stores in the city of Omaha. Joining CVS officials at the ceremony were The Honorable Jim Suttle, Mayor of Omaha and City Councilmember Thomas Mulligan, District #7.

Omaha is the latest market that CVS/pharmacy has expanded its presence to in 2010, including St. Louis, Memphis and Puerto Rico.

"We are pleased to open our first stores in Omaha and provide the community with high quality and convenient pharmacy services at a great value," said Dennis Palmer, Senior Vice President of CVS/pharmacy - West Division. "As we continue to enter new markets such as Omaha, we remain committed to making pharmacy solutions effective and easy for our customers."

CVS/pharmacy's new stores in Omaha feature all of the products and services for which millions of customers across the country visit its stores every day, including:

A full service pharmacy staffed by highly trained pharmacists and pharmacy staff

A complete line of health and beauty products including many brands exclusive to CVS/pharmacy

General merchandise and digital photo-processing

The CVS ExtraCare Rewards Program, which offers customers money back through Extra Bucks that are earned by shopping in-store or at http://www.cvs.com/

CVS/pharmacy has opened two Omaha stores:

A 24-hour store at West Maple Rd. & 144th St.

A second location at Fort St. & 108th St.

Additional locations in the market are planned over the next several years.

As part of the grand opening celebration, CVS/pharmacy announced that it signed on as a Silver Sponsor of the ALS Association's three Walk to Defeat ALS events in the state of Nebraska.

CVS/pharmacy is a long-time supporter of the fight against amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig's disease. Earlier this summer, CVS/pharmacy held its 9th annual in-store fundraising campaign across its 7,000 stores to benefit the ALS Therapy Alliance. In its first 8 years, the campaign has raised more than $19 million for ALS research. Results from the 2010 campaign will be announced soon.

Treg Charlton, CVS/pharmacy's Regional Director of Real Estate for the Omaha market, served as an honorary co-chair of this year's ALS fundraising campaign. Charlton was diagnosed with ALS last spring and was one of the CVS officials present at the Omaha grand opening event.

"CVS/pharmacy is committed to giving back to the communities where it does business, and I am delighted that we could make an immediate impact in Omaha through our sponsorship of the Walk to Defeat ALS," said Charlton. "CVS/pharmacy also donated 60 cases of water to the Omaha ALS Walk and more than 100 CVS employees and family members participated in the event."

About CVS/pharmacy

    CONTACT:

    Mike DeAngelis
    CVS/pharmacy
    401-770-2645
    mjdeangelis@cvs.com

SOURCE CVS/pharmacy

MinuteClinic Salutes Practitioners in Celebrating Inaugural National Convenient Care Clinic Week

CVS Caremark Newsroom — Mon, 02 Aug 2010 12:00:00 -0400

Growth of Store-Based Clinics Continues as Services are Expanded to Respond to Patient Demand

WOONSOCKET, R.I., Aug 02, 2010 /PRNewswire via COMTEX/ --

MinuteClinic, the pioneer and largest provider of retail-based medical clinics in the United States, joins the Convenient Care Association in celebrating the inaugural National Convenient Care Clinic Week, August 2-8, 2010.

National Convenient Care Clinic Week, as designated by the United States Senate, recognizes the role of retail-based clinics and practitioners in complementing traditional medical service providers in delivering care to patients, and the industry's expanded scope of services under health care reform. The convenient care industry now accounts for more than 1,100 medical clinics nationwide and has served more than 15 million patients since MinuteClinic launched its first store-based clinic in Minneapolis in 2000. Today, MinuteClinic operates about 500 walk-in medical clinics inside select CVS/pharmacy stores in 26 states and the District of Columbia.

"We salute the work of MinuteClinic nurse practitioners and physician assistants across the country who are delivering high-quality medical services and helping to create a more accessible and affordable choice in care for millions of Americans," said Andrew Sussman M.D., President, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "At MinuteClinic, we've now served more than 7.5 million patients, and we are continuing to expand our scope of care by offering innovative services that respond to patient demand."

MinuteClinic's strong growth, including a 36% increase in visits in the second quarter of 2010 versus the same period in 2009, reflects its expansion of services among other factors. Beginning April 2010, MinuteClinic became the first retail clinic provider to introduce comprehensive health condition monitoring for patients previously diagnosed with diabetes, asthma, high cholesterol and high blood pressure to help them overcome the challenges of living with their conditions. The services, which include lab tests and exams, are designed to support patients with ongoing health conditions in between visits to their primary care provider or to provide assistance to patients who may not receive regular care.

In addition to offering monitoring and wellness and prevention services, MinuteClinic practitioners are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumovax, and Hepatitis A & B are available at all locations.

MinuteClinic walk-in medical clinics are open seven days a week; including weekday evening hours. No appointment is necessary.

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence, with approximately 500 locations in 26 states and the District of Columbia. By creating a health care delivery model that responds to consumer demand, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than 7.5 million patient visits, with a 95% customer satisfaction rating. MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceeds the national guidelines established for store-based clinics. MinuteClinic is the first retail health care provider to receive accreditation (2006) and reaccreditation (2009) from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit www.MinuteClinic.com.

SOURCE MinuteClinic

MinuteClinic Medical Walk-in Clinics at Select CVS/pharmacy Stores Offer One-Stop Shopping For Back-to-School Services

CVS Caremark Newsroom — Mon, 02 Aug 2010 12:00:00 -0400

College Physicals and Immunizations for Meningitis and Other Diseases Required For Many College Freshmen

WOONSOCKET, R.I., Aug 02, 2010 /PRNewswire via COMTEX/ --

It's time for back-to-school physicals and immunizations, but it's not just for children. Most young adults beginning their freshmen year need to obtain a pre-college health exam and have their immunization record updated to protect against meningitis and other diseases. College physicals and vaccines, sports physicals and acne treatment are among the many back-to-school-related services available at MinuteClinic medical walk-in clinics open seven days a week inside select CVS/pharmacy stores throughout the country. No appointment is necessary.

"This time of year we see a lot of young adults at MinuteClinic who are looking to get their required vaccinations and physicals before heading off to college or beginning pre-season sports practices," said Andrew Sussman, M.D., President, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "Our walk-in service, makes it easy for college-bound freshmen to come in and get their shots updated to protect against diseases such as tetanus and to obtain required immunizations they have not received previously; especially meningitis vaccines."

College students living in crowded dorms at schools with students from many geographically diverse areas are at highest risk for meningitis, a bacterial infection that progresses rapidly and can have serious consequences. Meningitis vaccinations at MinuteClinic are $147 and are often covered by insurance, less any co-pay or deductible. Other vaccinations and tests often needed by young adults entering college and available at MinuteClinic include Tdap immunizations (Tetnus, Diptheria and Pertussis), flu shots and TB tests (tuberculosis). Immunization requirements vary by state and school and students must be at least 18 years of age to receive vaccines at MinuteClinic locations in Massachusetts.

In addition to vaccines, MinuteClinic offers a range of other services geared to help kids get ready to go back to school. For example, MinuteClinic provides college and sports physicals for $35 through Sept. 19, 2010. During the physical, MinuteClinic nurse practitioners and physician assistants measure height and weight, review health and immunization history, perform a simple exam to determine if the student is healthy and fit and provide safety and health education tips.

Practitioners stamp college and athletic participation forms and reference the results provided on the official MinuteClinic patient summary. Copies of the summary can be faxed or mailed to primary care providers with patient permission. Typically this occurs within 24 hours.

Additional charges may apply for more thorough exam requirements. Insurance is not accepted for physical exams. Requirements for physicals vary by state and services are not available in Nevada and Massachusetts

Acne consultations are also offered at MinuteClinic for students who are looking to improve their skin condition before heading back to school. About 80 percent of preteens and teens develop acne during puberty, according to the Centers for Disease Control (CDC). MinuteClinic practitioners counsel patients on proper skin care based on their skin type, make recommendations for over-the-counter (OTC) acne remedies and, if clinically appropriate, prescribe topical antibiotics or retinoids for moderate cases. Exams and counseling for acne care are $69 and most insurance is accepted.

MinuteClinic practitioners specialize in family health care and are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumovax and Hepatitis A & B are available at most locations. In addition, MinuteClinic administers a series of wellness services designed to help consumers identify lifestyle changes needed to improve their current and future health, including screenings and monitoring for diabetes, hypertension and obesity.

More information and a list of MinuteClinic locations, go to www.minuteclinic.com.

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence, with approximately 500 locations in 26 states and the District of Columbia. By creating a health care delivery model that responds to patient needs, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than 7.5 million patient visits, with a 95% customer satisfaction rating. MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceed the national guidelines established for store-based clinics. MinuteClinic is the first retail health care provider to receive accreditation (2006) and reaccreditation (2009) from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit www.MinuteClinic.com.

SOURCE MinuteClinic

MinuteClinic Forms Clinical Affiliation With St. Vincent's HealthCare in Jacksonville

CVS Caremark Newsroom — Thu, 29 Jul 2010 12:00:00 -0400

Agreement Includes Clinical Collaboration and Integration of Electronic Medical Records

WOONSOCKET, R.I. and JACKSONVILLE, Fla., July 29, 2010 /PRNewswire via COMTEX/ --

MinuteClinic, the retail health care division of CVS Caremark (NYSE: CVS), and St. Vincent's HealthCare, a regional health system in Northeast Florida and Southeast Georgia that includes St. Vincent's Medical Center, St. Luke's Hospital, St. Vincent's Primary Care and St. Catherine Laboure' Manor, have entered into a clinical affiliation to enhance the high quality, affordable health care services they provide in communities throughout the Jacksonville metropolitan area.

MinuteClinic has seven walk-in medical clinics open seven days a week inside select CVS/pharmacy stores in Jacksonville, Macclenny, Orange Park and St. Augustine. The clinics are staffed by nurse practitioners who provide treatment for common family illnesses and administer wellness and prevention services and health condition monitoring.

"Our team of MinuteClinic nurse practitioners looks forward to working with St. Vincent's family physicians to expand access to high quality, affordable health care services to patients in Florida and Georgia," said Andrew Sussman, M.D., President, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "As we have experienced in other parts of the country, strategic clinical affiliations between MinuteClinic and major health systems such as St. Vincent's can help to enhance the delivery of health care services in a convenient and accessible setting."

"Patients are demanding better access to primary care services and this partnership will help our two great organizations deliver that to people in Jacksonville and southeast Georgia," said Moody Chisholm, CEO of St. Vincent's HealthCare.

Under the agreement, St. Vincent's Primary Care family physicians will serve as medical directors for MinuteClinic locations in Jacksonville. In addition, MinuteClinic and St. Vincent's will collaborate on patient education and disease management initiatives and will inform patients of the services each offers. St. Vincent's Health System will accept patients who need a level of care that is not provided at MinuteClinic. Signage at MinuteClinic locations will inform patients that each site has a clinical affiliation with St. Vincent's Primary Care.

MinuteClinic and St. Vincent's Health System will begin to work toward fully integrating their electronic medical record systems to streamline communication around all aspects of each individual's care. With patient permission, each St. Vincent's Health System-affiliated MinuteClinic will share medical history and visit summaries with other St. Vincent's HealthCare locations in Jacksonville. In the meantime, MinuteClinic will continue its standard practice of sending visit summaries via fax or mail, typically within 24 hours.

MinuteClinic practitioners specialize in family health care and are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumovax, and Hepatitis A & B are available at most locations. Walk-in camp, sports and college physicals for adolescents are available daily. In addition, MinuteClinic administers a series of wellness services designed to help consumers identify lifestyle changes needed to improve their current and future health, including screenings and monitoring for diabetes, hypertension and obesity.

No appointments are required at MinuteClinic and most health insurance is accepted. Clinics in the Jacksonville area are open Mon.-Fri., 8:30 a.m. to 7:30 p.m.; Sat. 9 a.m. to 5:30 p.m. and Sun. 10 a.m. to 5:30 p.m.

About St. Vincent's HealthCare

St. Vincent's HealthCare is home to St. Vincent's Medical Center, St. Luke's Hospital and St. Catherine Laboure' Manor, a senior assisted living facility. The two hospitals have been serving the citizens of Northeast Florida and Southeast Georgia for a combined total of 232 years! St. Vincent's HealthCare is a member of Ascension Health, America's largest Catholic and largest non-profit health system. Hospitals under the Ascension Health umbrella are health ministries committed to spiritually centered healthcare that works, is safe, and leaves no one behind.

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence, with approximately 500 locations in 25 states and the District of Columbia. By creating a health care delivery model that responds to consumer demand, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than seven million patient visits, with a 95% customer satisfaction rating. MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceed the national guidelines established for store-based clinics. MinuteClinic is the first retail health care provider to receive accreditation (2006) and reaccreditation (2009) from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit www.MinuteClinic.com.

SOURCE MinuteClinic

CVS Caremark Reports Second Quarter Financial Results

CVS Caremark Newsroom — Wed, 28 Jul 2010 12:00:00 -0400

Company Revises 2010 Earnings Guidance Range
New 12-Year Contract with Aetna to Provide Significant Long-Term Benefits
Second Quarter Year-Over-Year Highlights:
- Adjusted EPS from continuing operations of $0.65, including $0.03 per diluted share of accruals in our Retail Pharmacy segment for anticipated legal settlements
- GAAP diluted EPS from continuing operations of $0.60, including $0.03 per diluted share of accruals in our Retail Pharmacy segment for anticipated legal settlements
- Net revenues of $24.0 billion
- Generic dispensing rate increased 320 basis points to 71.0% in the Pharmacy Services segment and 310 basis points to 72.7% in the Retail Pharmacy segment
- Mail choice penetration rate increased 190 basis points to 25.9%

WOONSOCKET, R.I., July 28, 2010 /PRNewswire via COMTEX/ --

CVS Caremark Corporation (NYSE: CVS), today announced revenues, operating profit, and net income for the three and six months ended June 30, 2010.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

Revenues

Net revenues for the three months ended June 30, 2010, decreased $864 million, or 3.5% to $24.0 billion, down from $24.9 billion in the prior year period.

Revenues in the Pharmacy Services segment decreased 9.0% to $11.8 billion in the three months ended June 30, 2010 over the prior year period. Adjusting the growth rate for the impact of new generics, net revenues would have decreased 3.1% in the Pharmacy Services segment. The decrease in net revenues was primarily due to the previously announced termination of a few large client contracts effective January 1, 2010 and the decrease of covered lives under our Medicare Part D program resulting from the 2010 Medicare Part D competitive bidding process. This was partially offset by new client starts effective January 1, 2010.

Revenues in the Retail Pharmacy segment increased 3.7% to $14.3 billion in the three months ended June 30, 2010 and total same store sales increased 2.1% over the prior year period. Pharmacy same store sales increased 2.9% and were positively impacted by approximately 290 basis points due to the continued growth of Maintenance Choice(TM). Pharmacy same store sales were negatively impacted by approximately 180 basis points due to recent generic introductions, and were negatively impacted by the comparison against last year's H1N1 outbreak. Front store same store sales increased 0.4% in the three months ended June 30, 2010, and were negatively impacted by an earlier Easter, the inclusion of stores acquired as part of the Longs acquisition, and by the comparison against last year's H1N1 outbreak.

The generic dispensing rate increased approximately 320 basis points to 71.0% in our Pharmacy Services segment and 310 basis points to 72.7% in our Retail Pharmacy segment, compared to the three months ended June 30, 2009.

Income from continuing operations attributable to CVS Caremark

Income from continuing operations attributable to CVS Caremark for the three months ended June 30, 2010 decreased $67 million, or 7.5% to $822 million, compared to $889 million in the prior year period. Adjusted earnings per share from continuing operations, which excludes $106 million of intangible asset amortization related to acquisition activity, for the three months ended June 30, 2010, were $0.65, including $0.03 per diluted share of accruals in our Retail Pharmacy segment for anticipated legal settlements, compared to $0.65 in the prior year period. GAAP earnings per diluted share from continuing operations attributable to CVS Caremark for the three months ended June 30, 2010 were $0.60, including $0.03 per diluted share of accruals in our Retail Pharmacy segment for anticipated legal settlements, compared to $0.60 in the prior year period.

Income from continuing operations attributable to CVS Caremark for the six months ended June 30, 2010 decreased $38 million, or 2.3% to $1.6 billion, compared to $1.6 billion in the prior year period. Adjusted earnings per share from continuing operations, which excludes $211 million of intangible asset amortization related to acquisition activity, for the six months ended June 30, 2010, were $1.25, compared to $1.20 in the prior year period. GAAP earnings per diluted share from continuing operations attributable to CVS Caremark for the six months ended June 30, 2010 were $1.15, compared to $1.11 in the prior year period.

Tom Ryan, Chairman and Chief Executive Officer, said, "I'm pleased with our results for the second quarter, especially given the challenging retail pharmacy environment. Despite lower-than-expected retail sales growth, we were able to exercise disciplined expense control and to deliver on the bottom line. Our PBM business produced results as expected this quarter, and has made terrific progress in the selling season for 2011 as more clients embrace our ability to provide quality pharmacy care while lowering overall health care costs and improving outcomes. I couldn't be happier with our new contract wins to date, including our long-term agreement with Aetna.We're very pleased to be partnering with Aetna, and believe our integrated approach and multi-channel platform will help Aetna deliver exceptional results for its clients and members."

Financial impact of Aetna agreement

In a separate release late yesterday, the Company also announced a new long-term strategic Pharmacy Benefit Management ("PBM") agreement with Aetna. This groundbreaking collaboration is certainly among the largest and longest-term contracts ever to have been negotiated in the PBM industry. It encompasses approximately $9.5 billion in annual drug spend relating to approximately 9.7 million lives. The Company expects significant long-term financial benefits from this strategic relationship. The agreement is expected to be $0.01 to $0.02 dilutive to adjusted earnings per share in 2010 due to implementation expenses; to be $0.01 to $0.03 accretive to adjusted earnings per share in 2011; to be in excess of $0.05 accretive in 2012; and to generate more than double that level of accretion in 2013 once the contract is fully implemented.

2010 guidance revision

David Denton, Executive Vice President and Chief Financial Officer, stated "The weak economy has had a dampening impact on prescription utilization and consumer behavior across the retail pharmacy sector, which has affected our sales performance. Having said that, we continue to outpace the industry and to gain market share at a healthy pace."

In light of these business trends, the Company is lowering its retail same store sales guidance for the year to a range of 2.0% to 3.5% from a range of 3.5% to 5.5%. The Company is also lowering its guidance for adjusted earnings per share for 2010 to a range of $2.68 to $2.73 from a range of $2.77 to $2.84. The earnings guidance revision results from the reduced retail sales guidance as well as higher-than-expected legal accruals and expenses, and from the initial dilution related to implementation costs for the Aetna contract.

Real estate program

During the three months ended June 30, 2010, the Company opened 50 new retail drugstores, and closed four retail drugstores and two specialty pharmacy stores. In addition, the Company relocated 28 retail drugstores. As of June 30, 2010, the Company operated 7,109 retail drugstores, 45 specialty pharmacy stores, 18 specialty mail order pharmacies and six mail order pharmacies in 44 states, the District of Columbia and Puerto Rico.

Teleconference and webcast

The Company will be holding a conference call today for the investment community at 9:30 am (EDT) to discuss its quarterly results. An audio webcast of the conference call will be broadcast simultaneously for all interested parties through the Investor Relations section of the CVS Caremark website at http://info.cvscaremark.com. This webcast will be archived and available on the website for a one-month period following the conference call.

About the Company

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including our more than 7,100 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com.

Forward-looking statements

This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2009 and under the section entitled "Cautionary Statement Concerning Forward-Looking Statements" in our most recently filed Quarterly Report on Form 10-Q.

                                     CVS CAREMARK CORPORATION
                            Condensed Consolidated Statements of Income
                                            (Unaudited)


                             Three Months Ended            Six Months Ended
                                  June 30,                     June 30,
                                  --------                     --------
    In millions, except
     per share amounts         2010          2009        2010          2009
    -------------------        ----          ----        ----          ----

    Net revenues            $24,007       $24,871     $47,767       $48,265
    Cost of revenues         18,987        19,819      38,001        38,465
                             ------        ------      ------
    Gross profit              5,020         5,052       9,766         9,800
    Operating expenses        3,519         3,452       6,855         6,823
                              -----         -----       -----         -----
    Operating profit          1,501         1,600       2,911         2,977
    Interest expense, net       135           128         263           270
                                ---           ---         ---           ---
    Income before income
     tax provision            1,366         1,472       2,648         2,707
    Income tax provision        544           583       1,054         1,074
                                ---           ---       -----         -----
    Income from
     continuing
     operations                 822           889       1,594         1,633
    Loss from
     discontinued
     operations, net of
     tax                         (1)           (3)         (3)           (8)
                                ---           ---         ---           ---
    Net income                  821           886       1,591         1,625
    Net loss attributable
     to noncontrolling
     interest(1)                  -             -           1             -
                                ---           ---         ---           ---
    Net income
     attributable to CVS
     Caremark                  $821          $886      $1,592        $1,625
                                             ====      ======

    Income from
     continuing
     operations
     attributable to CVS
     Caremark:
     Income from
      continuing
      operations               $822          $889      $1,594        $1,633
     Net loss attributable
      to noncontrolling
      interest                    -             -           1             -
                                ---           ---         ---           ---
     Income from
      continuing
      operations
      attributable to CVS
      Caremark                 $822        $889    $1,595      $1,633
                               ====          ====      ======        ======

    Basic earnings per
     common share:
    Income from
     continuing
     operations
     attributable to CVS
     Caremark                 $0.61       $0.61     $1.16       $1.12
     Loss from
      discontinued
      operations                  -             -           -             -
                                ---           ---         ---           ---
     Net income
      attributable to CVS
      Caremark                $0.61         $0.61       $1.16         $1.12
                              =====         =====       =====         =====
     Weighted average
      basic common shares
      outstanding             1,359         1,457       1,372         1,453
                              =====         =====       =====         =====

    Diluted earnings per
     common share:
    Income from
     continuing
     operations
     attributable to CVS
     Caremark                 $0.60       $0.60     $1.15       $1.11
     Loss from
      discontinued
      operations                  -             -           -             -
                                ---           ---         ---           ---
     Net income
      attributable to CVS
      Caremark                $0.60         $0.60       $1.15         $1.11
                              =====         =====       =====         =====
     Weighted average
      diluted common
      shares outstanding      1,369         1,472       1,381         1,470
                              =====         =====       =====         =====

    Dividends declared
     per common share      $0.08750      $0.07625    $0.17500      $0.15250
                           ========      ========    ========      ========

    (1) Represents the minority shareholders' portion of the net loss
    from our majority owned subsidiary Generation Health, Inc.

                                CVS CAREMARK CORPORATION
                         Condensed Consolidated Balance Sheets
                                      (Unaudited)

                                                  June 30,    December 31,
    In millions, except per share amounts         --------    ------------
    -------------------------------------               2010           2009
                                                        ----           ----
    Assets:
     Cash and cash equivalents                        $1,107         $1,086
     Short-term investments                                4              5
     Accounts receivable, net                          5,101          5,457
     Inventories                                      10,389         10,343
     Deferred income taxes                               498            506
     Other current assets                                171            140
                                                         ---            ---
       Total current assets                           17,270         17,537
     Property and equipment, net                       8,248          7,923
     Goodwill                                         25,672         25,680
     Intangible assets, net                            9,949         10,127
     Other assets                                        385            374
                                                         ---            ---
       Total assets                                  $61,524        $61,641
                                                     =======        =======

    Liabilities:
     Accounts payable                                 $3,867         $3,560
     Claims and discounts payable                      2,482          3,075
     Accrued expenses                                  2,603          3,246
     Short-term debt                                   1,852            315
     Current portion of long-term debt                   655          2,104
                                                         ---          -----
       Total current liabilities                      11,459         12,300
    Long-term debt                                     9,454          8,756
     Deferred income taxes                             3,633          3,678
     Other long-term liabilities                       1,070          1,102
     Commitments and contingencies
     Redeemable noncontrolling interest                   36             37

    Shareholders' equity:
     Preferred stock, par value $0.01: 0.1 shares
      authorized; none issued or                           -              -
    outstanding
     Common stock, par value $0.01: 3,200 shares
      authorized; 1,618 shares issued                     16             16
    and 1,356 shares outstanding at June 30,
     2010 and 1,612 shares issued and
    1,391 shares outstanding at December 31,
     2009
     Treasury stock, at cost: 260 shares at June
      30, 2010 and 219 shares at                      (9,073)        (7,610)
    December 31, 2009
     Shares held in trust: 2 shares at June 30,
      2010 and December 31, 2009                         (56)           (56)
     Capital surplus                                  27,413         27,198
     Retained earnings                                17,705         16,355
     Accumulated other comprehensive loss               (133)          (135)
                                                        ----           ----
       Total shareholders' equity                     35,872         35,768
                                                      ------         ------
    Total liabilities and shareholders' equity       $61,524        $61,641
                                                     =======        =======

                                  CVS CAREMARK CORPORATION
                       Condensed Consolidated Statements of Cash Flows
                                         (Unaudited)

                                                    Six Months Ended
                                                        June 30,
                                                        --------
    In millions                                     2010              2009
    -----------                                     ----              ----
    Cash flows from operating activities:
      Cash receipts from revenues                $45,745           $45,497
      Cash paid for inventory and prescriptions
       dispensed by retail network pharmacies    (35,386)          (35,665)
      Cash paid to other suppliers and employees  (7,129)           (6,903)
      Interest received                                2                 3
      Interest paid                                 (284)             (284)
      Income taxes paid                           (1,236)           (1,325)
                                                  ------            ------
    Net cash provided by operating activities      1,712             1,323
                                                   -----             -----

    Cash flows from investing activities:
      Additions to property and equipment           (866)           (1,091)
      Proceeds from sale-leaseback transactions        -               503
      Proceeds from sale or disposal of assets        10                 6
      Acquisitions (net of cash acquired) and
       investments                                   (25)              (26)
      Maturity of short-term investments               1                 -
                                                     ---               ---
    Net cash used in investing activities           (880)             (608)
                                                    ----              ----

    Cash flows from financing activities:
      Increase (decrease) in short-term debt       1,537            (1,716)
      Issuance of long-term debt                     991             1,000
      Repayments of long-term debt                (1,751)               (1)
      Dividends paid                                (241)             (221)
      Derivative settlements                          (5)                -
      Proceeds from exercise of stock options        145                91
      Excess tax benefits from stock-based
       compensation                                   13                 5
      Repurchase of common stock                  (1,500)                -
                                                  ------               ---
    Net cash used in financing activities           (811)             (842)
                                                    ----              ----
    Net increase (decrease) in cash and cash
     equivalents                                      21              (127)
    Cash and cash equivalents at beginning of
     period                                        1,086             1,352
                                                   -----             -----
    Cash and cash equivalents at end of period    $1,107            $1,225
                                                  ======            ======



    Reconciliation of net income to net cash provided
     by operating activities:
      Net income                                          $1,591  $1,625
      Adjustments required to reconcile net income to net
       cash provided by operating activities:
        Depreciation and amortization                        726     736
        Stock-based compensation                              75      75
        Deferred income taxes and other non-cash items       (20)     61
      Change in operating assets and liabilities, net of
       effects of acquisitions:
        Accounts receivable, net                             356    (136)
        Inventories                                          (46)   (255)
        Other current assets                                 (31)    (31)
        Other assets                                          (4)     (3)
        Accounts payable and claims and discounts payable   (286)    (52)
        Accrued expenses                                    (617)   (744)
        Other long-term liabilities                          (32)     47
                                                             ---     ---
    Net cash provided by operating activities             $1,712  $1,323
                                                          ======  ======

     Adjusted Earnings Per Share
                  (Unaudited)

     Adjusted Earnings Per Share
                  (Unaudited)

For internal comparisons, management finds it useful to assess year-to-year performance by adjusting diluted earnings per share for amortization, which primarily relates to acquisition activities.

The Company defines adjusted earnings per share as income before income tax provision plus amortization, less adjusted income tax provision, plus net loss attributable to noncontrolling interest divided by the weighted average diluted common shares outstanding.

The following is a reconciliation of income before income tax provision to adjusted earnings per share:



                              Three Months Ended        Six Months Ended
                                   June 30,                 June 30,
                                   --------                 --------
    In millions, except per
     share amounts             2010            2009   2010           2009
    -----------------------    ----            ----   ----           ----

    Income before income tax
     provision               $1,366          $1,472 $2,648         $2,707
    Amortization                106             107    211            215
                                ---             ---    ---            ---
    Adjusted income before
     income tax provision     1,472           1,579  2,859          2,922
    Adjusted income tax
     provision(1)               586             625  1,138          1,160
                                ---             ---  -----          -----
    Adjusted income from
     continuing operations      886             954  1,721          1,762
    Net loss attributable to
     noncontrolling interest      -               -      1              -
                                ---             ---    ---            ---
    Adjusted income from
     continuing operations
     attributable to CVS       $886            $954 $1,722         $1,762
    Caremark                   ====            ==== ======         ======
    Weighted average diluted
     common shares
     outstanding              1,369           1,472  1,381          1,470
    Adjusted earnings per
     share from continuing
     operations               $0.65           $0.65  $1.25          $1.20
    attributable to CVS
     Caremark                 =====           =====  =====          =====

    (1) The adjusted income tax provision is computed using the same
    effective income tax rate from the condensed
    consolidated statement of income.

     Adjusted Earnings Per Share Guidance
                          (Unaudited)

     Adjusted Earnings Per Share Guidance
                          (Unaudited)

The following reconciliation of estimated income before income tax provision to estimated adjusted earnings per share contains forward-looking information that is subject to risks and uncertainties that could cause actual results to differ materially. The Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2009and under the section entitled "Cautionary Statement Concerning Forward-Looking Statements" in our most recently filed Quarterly Report on Form 10-Q. For internal comparisons, management finds it useful to assess year-to-year performance by adjusting diluted earnings per share for amortization, which primarily relates to acquisition activities.



                                                           Year Ending
    In millions, except per share amounts               December 31, 2010
    -------------------------------------               -----------------

    Income before income tax provision                 $5,673         $5,865
    Amortization                                          425            435
                                                          ---            ---
    Adjusted income before income tax provision         6,098          6,300
    Adjusted income tax provision                       2,421          2,539
                                                        -----          -----
    Adjusted income from continuing operations          3,677          3,761
    Net loss attributable to noncontrolling
     interest                                               4              4
                                                          ---            ---
    Adjusted income from continuing operations
     attributable to CVS Caremark                      $3,681         $3,765
                                                       ======         ======
    Weighted average diluted common shares
     outstanding                                        1,375          1,380
    Adjusted earnings per share from continuing
     operations attributable to CVS                     $2.68          $2.73
    Caremark                                            =====          =====

     Free Cash Flow
        (Unaudited)

     Free Cash Flow
        (Unaudited)

The Company defines free cash flow as net cash provided by operating activities less net additions to property and equipment (i.e., additions to property and equipment plus proceeds from sale-leaseback transactions).

The following is a reconciliation of net cash provided by operating activities to free cash flow:



                                                    Six Months Ended
                                                        June 30,
                                                        --------
    In millions                                     2010           2009
    -----------                                     ----           ----

    Net cash provided by operating activities     $1,712         $1,323
     Subtract:  Additions to property and
      equipment                                     (866)        (1,091)
     Add:  Proceeds from sale-leaseback
      transactions                                     -            503
                                                     ---            ---
    Free cash flow                                  $846           $735
                                                    ====           ====

     Supplemental Information
                (Unaudited)

     Supplemental Information
                (Unaudited)

The Company evaluates its Pharmacy Services and Retail Pharmacy segment performance based on net revenue, gross profit and operating profit before the effect of nonrecurring charges and gains and certain intersegment activities. The Company evaluates the performance of its Corporate segment based on operating expenses before the effect of nonrecurring charges and gains and certain intersegment activities. The following is a reconciliation of the Company's segments to the accompanying consolidated financial statements:



                     Pharmacy   Retail  Corporate  Intersegment   Consolidated
    In millions      Services  Pharmacy  Segment  Eliminations(2)     Totals
    -----------     Segment(1)  Segment  -------  --------------      ------
                    ---------   -------
    Three Months
     Ended
     June 30, 2010:   $11,840   $14,311       $-         $(2,144)      $24,007
     Net revenues
      Gross profit        821     4,229        -             (30)        5,020
      Operating profit
       (loss)             591     1,096     (156)            (30)        1,501
     June 30, 2009(3):$13,008   $13,797       $-         $(1,934)      $24,871
     Net revenues
      Gross profit        931     4,131        -             (10)        5,052
      Operating profit
       (loss)             697     1,056     (143)            (10)        1,600
    Six Months Ended
     June 30, 2010:   $23,677   $28,289       $-         $(4,199)      $47,767
     Net revenues
      Gross profit      1,603     8,216        -             (53)        9,766
      Operating profit
       (loss)           1,130     2,125     (291)            (53)        2,911
     June 30, 2009(3):$24,543   $27,294       $-         $(3,572)      $48,265
     Net revenues
      Gross profit      1,729     8,087        -             (16)        9,800
      Operating profit
       (loss)           1,234     2,028     (269)            (16)        2,977


     (1) Net revenues of the Pharmacy Services segment include
     approximately $1.6 billion and $1.8 billion of retail co-payments
     for the three months ended June 30, 2010 and 2009, respectively, and
     $3.4 billion of retail co-payments for the six months ended June
     30, 2010 and 2009.
     (2) Intersegment eliminations relate to two types of transactions:
     (i) Intersegment revenues that occur when Pharmacy Services segment
     customers use Retail Pharmacy segment stores to purchase covered
     products. When this occurs, both the Pharmacy Services and Retail
     Pharmacy segments record the revenue on a standalone basis, and (ii)
     Intersegment revenues, gross profit and operating profit that occur
     when Pharmacy Services segment customers, through the Company's
     intersegment activities (such as the Maintenance Choice(TM) program),
     elect to pick-up their maintenance prescriptions at Retail Pharmacy
     segment stores instead of receiving them through the mail. When this
     occurs, both the Pharmacy Services and Retail Pharmacy segments
     record the revenue, gross profit and operating profit on a
     standalone basis.  As a result, both the Pharmacy Services and the
     Retail Pharmacy segments include the following results associated
     with this activity: net revenues of $430 million and $156 million
     for the three months ended June 30, 2010 and 2009, respectively, and
     $770 million and $254 million for the six months ended June 30, 2010
     and 2009, respectively; gross profit of $30 million and $10 million
     for the three months ended June 30, 2010 and 2009, respectively, and
     $53 million and $16 million for the six months ended June 30, 2010
     and 2009, respectively; and operating profit of $30 million and $10
     million for the three months ended June 30, 2010 and 2009,
     respectively, and $53 million and $16 million for the six months
     ended June 30, 2010 and 2009, respectively.
     (3) The results for the three and six months ended June 30, 2009 have
     been revised to conform to the 2010 presentation.

                               Supplemental Information
                                     (Unaudited)

    Pharmacy Services Segment

    The following table summarizes the Pharmacy Services segment's
    performance for the respective periods:


                            Three Months Ended         Six Months Ended
                                 June 30,                  June 30,
                                 --------                  --------
    In millions              2010        2009(1)     2010        2009(1)
    -----------              ----         ------     ----         ------

    Net revenues          $11,840        $13,008  $23,677        $24,543
    Gross profit              821            931    1,603          1,729
      Gross profit % of
       net revenues           6.9%           7.2%     6.8%           7.0%
    Operating expenses        230            234      473            495
      Operating expense %
       of net revenues        1.9%           1.8%     2.0%           2.0%
    Operating profit          591            697    1,130          1,234
      Operating profit %
       of net revenues        5.0%           5.4%     4.8%           5.0%

    Net revenues(2):
      Mail choice(3)       $4,111         $4,229   $8,189         $8,282
      Pharmacy network(4)   7,630          8,689   15,300         16,089
      Other                    99             90      188            172
    Pharmacy claims
     processed(2):
      Total                 144.3          164.1    291.7          327.5
      Mail choice(3)         16.0           16.6     31.5           32.9
      Pharmacy network(4)   128.3          147.5    260.2          294.6
    Generic dispensing
     rate(2):
      Total                  71.0%          67.8%    70.7%          67.7%
      Mail choice(3)         61.0%          56.3%    59.9%          55.9%
      Pharmacy network(4)    72.2%          68.9%    71.9%          68.9%
    Mail choice
     penetration rate        25.9%          24.0%    25.4%          23.8%

    (1) The results for the three and six months ended June 30, 2009 have
    been revised to conform to the 2010 presentation of the
    Pharmacy Services segment.
    (2) Pharmacy network net revenues, claims processed and generic
    dispensing rates do not include Maintenance Choice, which
    are included within the mail choice category.
    (3) Mail choice is defined as claims filled at a Pharmacy Services'
    mail facility, which includes specialty mail claims, as well as
    90-day claims filled at retail under the Maintenance Choice program.
    (4) Pharmacy network is defined as claims filled at retail
    pharmacies, including our retail drugstores.

     EBITDA and EBITDA per Adjusted Claim
                          (Unaudited)

     EBITDA and EBITDA per Adjusted Claim
                          (Unaudited)

The Company defines EBITDA as earnings before interest, taxes, depreciation and amortization. We define EBITDA per adjusted claim as EBITDA divided by adjusted pharmacy claims. Adjusted pharmacy claims normalize the claims volume statistic for the difference in average days' supply for mail and retail claims. Adjusted pharmacy claims are calculated by multiplying 90-day claims (the majority of total mail claims) by 3 and adding the 30-day claims. EBITDA can be reconciled to operating profit, which we believe to be the most directly comparable GAAP financial measure.

The following is a reconciliation of operating profit to EBITDA for the Pharmacy Services segment:



                                  Three Months Ended        Six Months Ended
                                       June 30,                 June 30,
                                       --------                 --------
    In millions, except per
     adjusted claim  amounts       2010         2009(1)   2010        2009(1)
    ------------------------       ----          ------   ----         ------

    Operating profit               $591            $697 $1,130         $1,234
    Depreciation and amortization    96              94    194            186
                                    ---             ---    ---            ---
    EBITDA                          687             791  1,324          1,420
    Adjusted claims               173.2           194.1  348.7          386.8
                                  -----           -----  -----          -----
    EBITDA per adjusted claim     $3.96           $4.07  $3.79          $3.67
                                  =====           =====  =====          =====

    (1) The three and six months ended June 30, 2009 have been revised to
    conform to the 2010 presentation of the Pharmacy
    Services segment's operating profit and depreciation and amortization.

                               Supplemental Information
                                     (Unaudited)

    Retail Pharmacy Segment

    The following table summarizes the Retail Pharmacy segment's
    performance for the respective periods:


    .                       Three Months Ended         Six Months Ended
                                 June 30,                  June 30,
                                 --------                  --------
    In millions              2010        2009(1)     2010        2009(1)
    -----------              ----         ------     ----         ------

    Net revenues          $14,311        $13,797  $28,289        $27,294
    Gross profit            4,229          4,131    8,216          8,087
      Gross profit % of
       net revenues          29.6%          29.9%    29.0%          29.6%
    Operating expenses      3,133          3,075    6,091          6,059
      Operating expense %
       of net revenues       21.9%          22.3%    21.5%          22.2%
    Operating profit        1,096          1,056    2,125          2,028
      Operating profit %
       of net revenues        7.7%           7.7%     7.5%           7.4%

    Net revenue
     increase(2):
      Total                   3.7%          17.2%     3.6%          15.6%
      Pharmacy                4.2%          16.3%     4.4%          14.7%
      Front store             2.8%          19.1%     2.0%          17.4%
    Same store sales
     increase
     (decrease)(3):
      Total                   2.1%           6.1%     2.2%           4.7%
      Pharmacy                2.9%           7.5%     3.3%           6.0%
      Front store             0.4%           3.0%   (0.2)%           1.9%
    Generic dispensing
     rate                    72.7%          69.6%    72.4%          69.4%
    Pharmacy % of total
     revenues                67.6%          67.3%    68.0%          67.5%
    Third party % of
     pharmacy revenue        97.2%          96.9%    97.2%          96.8%
    Retail
     prescriptions
     filled                 157.5          153.2    314.8          305.7

     (1) The results for the three and six months ended June 30, 2009 have
     been revised to conform to the
    2010 presentation of the Retail Pharmacy segment.
     (2) The net revenue increase for the three and six months ended June
     30, 2009 include the results
    associated with stores acquired from Longs Drug Stores Corporation in
    October 2008.
     (3) Beginning in November 2009, same store sales increase includes
     the stores acquired from Longs
    Drug Stores Corporation in October 2008.

SOURCE CVS Caremark Corporation

Aetna Awards Long-Term Contract to CVS Caremark to Provide PBM Services

CVS Caremark Newsroom — Tue, 27 Jul 2010 12:00:00 -0400

- Collaboration under 12-year strategic agreement to improve care management and reduce costs -
- Aetna to retain ownership of PBM and clinical program management; will benefit from CVS Caremark's focus, scale and capabilities -
- CVS Caremark chosen for its integrated model, innovative products and services and overall value proposition -
- Contract to support 9.7 million Aetna PBM members representing approximately $9.5 billion in annual drug spend -

HARTFORD, Conn. and WOONSOCKET, R.I., July 27, 2010 /PRNewswire via COMTEX/ --

Aetna (NYSE: AET) and CVS Caremark (NYSE: CVS) today announced they have entered into a 12-year contract to provide Pharmacy Benefit Management (PBM) services that will further enhance value and service for Aetna's customers and members. Aetna will retain its PBM and manage clinical programs, protocols and oversight of its pharmacy benefits business. CVS Caremark will serve approximately 9.7 million Aetna PBM members and administer approximately $9.5 billion in annual drug spend as it applies its unique, integrated pharmacy care delivery model to the administration of Aetna's retail pharmacy network and management of pharmacy customer and member service functions. In addition, CVS Caremark will manage purchasing, inventory management and prescription fulfillment for Aetna's mail-order and specialty pharmacy operations. Through this strategic agreement, Aetna will retain its position as a premier provider of PBM services while delivering enhanced service capabilities, innovative product offerings and greater value to its customers and members.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

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Aetna and CVS Caremark intend to deliver:

Enhanced clinical capabilities: Best-in-class integrated clinical programs focused on promoting medication adherence for members that can help foster better health outcomes, reduce overall medical costs and optimize the care management experience;
Improved pricing and products: A better value for Aetna customers and members through total cost and quality management with superior care, enhanced flexibility, innovative products and lower drug prices;
Improved customer service and member experience: Innovative technology and consumer-facing service capabilities through rapid integration of pharmacy data into care management systems.

"We worked hard to construct a strategic solution that enhances our value proposition in the marketplace in a way that creates a durable competitive advantage for Aetna and long-term value for our shareholders," said Ronald A. Williams, Aetna chairman and CEO. "Through this strategic agreement, we retain our PBM and our ability to integrate medical care with clinical and pharmacy programs and actionable data. We will add CVS Caremark's best-in-class clinical capabilities and broad market reach, enabling us to deliver better drug discounts and improved pricing and service to our customers."

"We are very pleased to be working with Aetna, and believe our integrated approach and multi-channel platform will help Aetna deliver exceptional results for its clients and members," said Thomas M. Ryan, CVS Caremark chairman and CEO. "With our shared vision of pharmacy care, CVS Caremark and Aetna will work together to deliver quality outcomes with lower overall health care costs. Aetna's selection of CVS Caremark is a testament to our integrated pharmacy care model as well as our reputation for service excellence."

"This relationship enables us to capitalize on our health information technology capabilities so that we can communicate important clinical guidance to our members at the point of care," said Lonny Reisman, M.D., Aetna senior vice president and chief medical officer. "Under this agreement, members will be provided with customized information about drug safety, evidence-based protocols and relevant clinical programs at the point of service."

"Together, CVS Caremark and Aetna have an exciting opportunity to generate meaningful improvements in patient outcomes," said Troyen A. Brennan, M.D., executive vice president and chief medical officer, CVS Caremark. "High-quality pharmacy care that drives adherence to essential medications has been proven to reduce overall health care costs, and we look forward to working together to make this happen for Aetna's clients and members."

CVS Caremark is known for improving the health and lowering the total cost of care for its clients and their members. It offers a flexible, high-quality PBM platform that can help build additional capabilities to better serve customers and members. Its leading-edge capabilities include:

Broad access across multiple channels;
Face-to-face counseling at retail pharmacies and MinuteClinic locations, online, by phone and through specialty and mail service pharmacy support;
Unique member engagement platform through its Pharmacy Advisor program, powered by its Consumer Engagement Engine;
Procurement, fulfillment, contracting;
Robust customer and member service;
State-of-the-art pharmacy platforms;
Physician engagement through e.prescribing, real-time physician support, and pharmacist support.

Aetna will maintain and manage its core pharmacy benefits business, including:

Medical and pharmacy policy, including formulary and benefit design and network configuration;
Clinical integration of pharmacy and medical benefits, including integrated care management and utilization management programs;
Clinical program development, protocols and oversight;
Sales and marketing activities;
Management of member appeals and grievances;
Rebate contracting and administration;
Ownership and management of its mail order and specialty pharmacies.

Commencement of certain services under the agreement is subject to state insurance and similar regulatory approvals. All necessary regulatory approvals are expected to be obtained before the expected commencement date of January 1, 2011. As part of the agreement, Aetna will transfer to CVS Caremark approximately 800 PBM employees who will work in support of the transferred functions. Aetna will retain approximately 1,000 PBM employees.

Aetna will discuss the agreement on its conference call to discuss second quarter 2010 results at 8:30 a.m. ET on Wednesday, July 28^th. The public may access the conference call through a live audio webcast available on Aetna's Investor Information link on the Internet at www.aetna.com. The conference call also can be accessed by dialing 800-946-0706 or 719-457-2629 for international callers. The company suggests participants dial in approximately 10 minutes before the call. The access code is 7054750. Individuals who dial in will be asked to identify themselves and their affiliations. A replay of the call may be accessed through Aetna's Investor Information link on the Internet at www.aetna.com or by dialing 888-203-1112, or 719-457-0820 for international callers. The replay access code is 7054750. Telephone replays will be available from 11:00 a.m. ET on July 28, 2010 until midnight ET on August 11, 2010.

About Aetna

Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 35.8 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com and Aetna's Annual Report at www.aetna.com/2009annualreport.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

AETNA CAUTIONARY STATEMENT -- Certain information in this press release concerning the agreement with CVS Caremark is forward-looking, including without limitation the impact and/or benefits of the agreement on Aetna, its customers and its members; the number of PBM members that CVS Caremark will support and the amount of Aetna's drug spend; the products and services that Aetna and/or CVS Caremark may deliver under the agreement; Aetna's expectations as to the timing of the receipt of and its ability to obtain required regulatory approvals; and Aetna's expectations as to the date on which services will commence under the agreement. Forward-looking information is based on management's estimates, assumptions and projections, and is subject to significant uncertainties and other factors, many of which are beyond Aetna's control. Important risk factors could cause actual future results and other events to differ materially from those currently projected, estimated or suggested by management. Important risk factors that could materially affect statements made concerning the CVS Caremark agreement include without limitation the timely receipt of necessary regulatory and other approvals, which could be delayed for a variety of reasons related or not related to the agreement itself, and the ability to successfully implement the CVS Caremark agreement on a timely basis and in a cost-efficient manner and to achieve projected operating efficiencies for the agreement. For more discussion of important risk factors that may materially affect management's estimates, Aetna's results and the forward-looking statements in this press release, please see the risk factors contained in Aetna's 2009 Annual Report on Form 10-K (Aetna's "2009 10-K") and Aetna's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010, each on file with the Securities and Exchange Commission ("SEC"), and Aetna's Quarterly Report on Form 10-Q for the quarter ended June 30, 2010 (Aetna's "Second Quarter 10-Q"), when filed with the SEC, which risk factors are incorporated herein by reference. You also should read Aetna's 2009 10-K and Second Quarter 10-Q, when filed with the SEC, for a discussion of Aetna's historical results of operations and financial condition.

CVS Caremark Forward-looking statements: This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2009 and under the section entitled "Cautionary Statement Concerning Forward-Looking Statements" in our most recently filed Quarterly Report on Form 10-Q.


    Aetna Media Contact:                 Aetna Investor Contact:
    Fred Laberge                         Kim A. Keck
    860-273-4788                         860-273-1327
    Labergear@aetna.com                  keckka@aetna.com

    CVS Caremark Media Contact:          CVS Caremark Investor Contact:
    Carolyn Castel                       Nancy Christal
    401-770-5717                         914-722-4704
    ccastel@cvs.com                      nchristal@cvs.com

SOURCE CVS Caremark; Aetna

CVS Caremark Corporation to Hold Conference Call to Discuss: Second Quarter 2010 Results, and New 12-Year Contract To Provide PBM Services To Aetna

CVS Caremark Newsroom — Tue, 27 Jul 2010 12:00:00 -0400

- SECOND QUARTER 2010 RESULTS, AND
- NEW 12-YEAR CONTRACT TO PROVIDE PBM SERVICES TO AETNA

WOONSOCKET, R.I., July 27, 2010 /PRNewswire via COMTEX/ --

CVS Caremark Corporation (NYSE: CVS) will be holding a conference call on Wednesday, July 28, 2010, at 9:30 a.m. (ET) with analysts and investors to discuss its second quarter 2010 financial results as well as the recently-announced strategic agreement with Aetna.

An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Caremark Web site for all interested parties. To access the webcast, visit http://info.cvscaremark.com/investors. This webcast will be archived and available on the web site for a one-month period following the conference call.

About the Company

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including over 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com.

SOURCE CVS Caremark Corporation

CVS Caremark Launches iPhone Application for Caremark.com

CVS Caremark Newsroom — Mon, 26 Jul 2010 12:00:00 -0400

iPhone users can now access prescription drug information and CVS Caremark plan members can manage their prescriptions

WOONSOCKET, R.I., July 26, 2010 /PRNewswire via COMTEX/ --

CVS Caremark (NYSE: CVS) announced today the release of the Caremark.com iPhone application. Available at no cost at the iPhone App Store, this new application provides iPhone users with the ability to access the Drug Information Database to learn more about various prescription drugs and allows CVS Caremark plan members to log-in and securely manage their prescriptions on-line. The application can be used with all versions of the Apple iPhone, the iPod Touch and the iPad.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

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"As an organization that is focused on finding innovative ways to engage and communicate, we know our members are looking for opportunities to utilize new technologies to manage their prescriptions and keep them connected," said Tim Kurth, Vice President, eBusiness at CVS Caremark. "This new app is an example of how we provide our plan members with convenient access to their Caremark.com account through their preferred channel, this time through their iPhone."

Any iPhone user can download the application and use the Drug Information function. This function will connect users to the Drug Information Database where they can research particular prescription medications, get information about how to take them, learn about available generic drug alternatives, see an image of the drug, learn about side effects and precautions, and much more.

CVS Caremark PBM members can use the application to register on Caremark.com or log-in securely to their existing Caremark.com account from their iPhone. Once they are logged in, members can perform a variety of functions, including:

Refill a Prescription
Check Prescription Order Status
View Prescription History
FastStart (ability to request a new prescription from their iPhone)
Check Drug Cost
Find a Nearby Network Pharmacy (by zip code/address or by using their iPhone GPS locator)

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.


    Media Contact:
    Christine Cramer                          Jon Tashjian
    CVS Caremark                              Weber Shandwick
    (401)770 3317                             (617) 520-7118
    ckcramer@cvs.com                          jtashjian@webershandwick.com

SOURCE CVS Caremark

CVS/pharmacy and MinuteClinic Ready for Upcoming Flu Season

CVS Caremark Newsroom — Mon, 26 Jul 2010 12:00:00 -0400

- All CVS/pharmacy and MinuteClinic locations nationwide prepared to administer flu shots as soon as vaccine is available
- Consumer survey shows many still need to be educated on importance of getting a flu shot

WOONSOCKET, R.I., July 26, 2010 /PRNewswire via COMTEX/ --

The 2010 flu season will be upon us sooner than we think, which is why CVS/pharmacy and MinuteClinic today launched an informational campaign in its retail stores and clinics, as well as online at CVS.com and minuteclinic.com, to start educating consumers about what they need to know to protect themselves and their families during this upcoming flu season. CVS/pharmacy and MinuteClinic are divisions of CVS Caremark (NYSE: CVS), the largest pharmacy health care provider in the United States.

(Logo: http://photos.prnewswire.com/prnh/20090129/NE64371LOGO )

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"Every CVS/pharmacy and MinuteClinic location across the country will be able to administer flu vaccinations this season," said Troyen A. Brennan, M.D., Chief Medical Officer, CVS Caremark. "By combining unparalleled access with a comprehensive awareness campaign, we are working hard to do our part to ensure that all Americans are vaccinated this flu season."

This year, only one vaccine will be required for protection against both seasonal and H1N1 influenza, making flu prevention much easier. In addition, the U.S. Centers for Disease Control and Prevention (CDC) is recommending for the first time that anyone ages six months or older get a flu shot, an expansion from its previous recommendations that certain risk groups be vaccinated.

Beginning today, signs at all CVS/pharmacy and MinuteClinic locations will remind consumers that an "all-in-one" flu shot will be available to protect them against the flu this year. CVS/pharmacy has more than 7,000 stores across the country and there are approximately 500 MinuteClinic locations inside select CVS/pharmacy stores.

In addition, the websites www.cvs.com/flu and www.minuteclinic.com/flu have been updated with information about this year's "all-in-one" flu shot to protect against both seasonal and H1N1 influenza, details on the CDC's universal vaccination recommendation, tips for staying healthy during flu season and other educational/informational content.

In a consumer survey* conducted by CVS/pharmacy this spring, more than half (59%) of respondents said they are likely to get a flu shot in 2010, and more than one-third (37%) of those who did not get a flu shot in 2009 said they are more likely to get one this year.

While demand for flu shots is expected to be high in the coming season, not all consumers are getting the flu shot message. While nearly two-thirds of survey respondents are aware of the CDC's recommendation for a "universal" flu vaccination for anyone six months or older, only half of them said they are more likely to get a flu shot based on that recommendation.

"Our survey results demonstrate that while there is a high public awareness about flu, more work needs to be done to educate consumers on the importance of getting a flu shot every year," Brennan added.

CVS/pharmacy and MinuteClinic will announce the complete details of its 2010 flu vaccination campaign within the next few weeks.

* CVS/pharmacy completed 3,113 interviews from April 1^st to 5^th, 2010.

About CVS/pharmacy

CVS/pharmacy, the retail division of CVS Caremark Corporation, is America's largest retail pharmacy with more than 7,000 CVS/pharmacy and Longs Drug stores. CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at www.cvscaremark.com.

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation, the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence, with approximately 500 locations in 25 states and the District of Columbia. By creating a health care delivery model that responds to patient needs, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than seven million patient visits, with a 95% customer satisfaction rating. MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceed the national guidelines established for store-based clinics. MinuteClinic is the first retail health care provider to receive accreditation (2006) and reaccreditation (2009) from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit www.MinuteClinic.com.


    MEDIA CONTACT:
    --------------
    Mike DeAngelis
    401.770.2645
    mjdeangelis@cvs.com

SOURCE CVS/pharmacy

CVS Caremark Customer Care Team Awarded Gold Medal for Best Customer Service by ContactCenterWorld.com

CVS Caremark Newsroom — Fri, 09 Jul 2010 12:00:00 -0400

Customer Care team also awarded silver medal for Best Community Spirit

WOONSOCKET, R.I., July 9, 2010 /PRNewswire via COMTEX/ --

CVS Caremark's (NYSE: CVS) Pharmacy Benefit Management Customer Care team was awarded a gold medal for Best Customer Service (America's region) and a silver medal for Best Community Spirit by ContactCenterWorld.com at the organization's Top Ranking Performers Awards Conference in Orlando. The awards recognize the best in the contact center industry.

"We are honored to receive this recognition for our Customer Care team," said Rosemarie Donzanti, Senior Vice President, Customer Care of CVS Caremark. "This recognition is another endorsement of the work we do each day to ensure our members' experience with CVS Caremark is the best it can be and is another example of the high level of commitment our team members bring to their day-to-day work."

ContactCenterWorld.com, the conference, research and on-line magazine for the contact center industry is a resource for contact center professionals around the world with 120,000 corporate members globally. CVS Caremark will now have the opportunity to represent the contact center industry at ContactCenterWorld.com's Global Best Practices Conference to be held in Las Vegas in November. At the Best Practices conference regional winners from the Americas, Europe, the Middle East and Africa and the Asia-Pacific regions will present and share their best practices with their peers and will be voted upon by the conference delegates.

"The recognition from ContactCenterWorld.com speaks to both our commitment to excellent customer care as well as our team's impact on our local communities," said Donzanti. "We are proud of our team members who are passionate about giving back to the community and are extremely generous when it comes to donating their time and money."

Raj Wadhwani, President ContactCenterWorld added, "CVS Caremark is a fantastic company. Their commitment to customer service is simply the best and that's why delegates at the Best in Americas conference voted for CVS Caremark and their service strategy. We look forward to CVS Caremark sharing their approach with the best customer service organizations from Asia Pacific and Europe, Middle East & Africa when we all meet and share best practices in November at the Global Conference for best practices."

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

    Media Contact:

    Christine Cramer               Jon Tashjian
    CVS Caremark                   Weber Shandwick
    (401)770 3317                  (617) 520-7118
    ckcramer@cvs.com               jtashjian@webershandwick.com

SOURCE CVS Caremark

CVS/pharmacy Named National Sponsor of NCOA's National Institute of Senior Centers

CVS Caremark Newsroom — Thu, 08 Jul 2010 12:00:00 -0400

CVS/pharmacy Will Provide Support for National Senior Center Month

WASHINGTON, and WOONSOCKET, R.I., July 8, 2010 /PRNewswire via COMTEX/ --

The National Council on Aging (NCOA) is pleased to announce that it has named CVS/pharmacy as the national sponsor of NCOA's National Institute of Senior Centers (NISC). NISC is a national network for senior center professionals that supports efforts to improve the aging experience in all communities.

CVS/pharmacy will provide targeted educational and cost-saving opportunities for seniors during National Senior Center Month in September focused on flu prevention and health and wellness.

"As the only national organization solely focused on the needs of senior center professionals, we are pleased to partner with CVS/pharmacy to support the needs of local senior centers and their members," said Stuart Spector, senior vice president at NCOA.

NISC provides national standards and accreditation to thousands of senior center facilities and also provides an online community network - known as Crossroads - for senior center professionals to share best practice information. For more information on NISC, please visit www.NCOA.org/nisc.

"NCOA and NISC have long been an important resource for senior centers and the dedicated professionals who make them successful," said Rob Price, senior vice president, marketing and advertising, CVS/pharmacy. "We are thrilled to be the leading sponsor of this national network of community organizations that provides vital services to thousands of seniors every day."

CVS/pharmacy has collaborated with NCOA since 2007 when they created the "Prescription for Better Health" campaign for seniors to provide health education, information on disease prevention, and access to benefits. As part of the campaign, CVS/pharmacy has offered the "Pack Your Bag" program at senior centers nationwide. With this initiative, seniors are invited to bring their medications for review and personalized counseling with a pharmacist. CVS/pharmacy has conducted over 1,500 events involving over 30,000 individual senior counseling sessions over the past two years.

About NCOA

The National Council on Aging (NCOA) is a non-profit service and advocacy organization headquartered in Washington, DC. NCOA is a national voice for older Americans - especially those who are vulnerable and disadvantaged - and the community organizations that serve them. It brings together non-profit organizations, businesses and government to develop creative solutions that improve the lives of all older adults. NCOA works with thousands of organizations across the country to help seniors find jobs and benefits improve their health, live independently and remain active in their communities. For more information, visit www.ncoa.org.

About CVS/pharmacy

CVS/pharmacy is the retail division of CVS Caremark Corporation (NYSE: CVS). The Company operates more than 7,000 CVS/pharmacy and Longs Drugs stores. CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at www.cvscaremark.com/.

    Contacts:
    ---------
    Carolyn Castel             ccastel@cvs.com            401-770-5717
    Carissa Drew               cdrew@webershandwick.com   617-520-7070
    Connie Hofmann             chofmann@aboutscp.com      610-687-5495
    Ken Schwartz               ken.schwartz@ncoa.org      202-600-3131

SOURCE CVS/pharmacy

CVS/pharmacy and the 50 Million Pound Challenge Distributing Free Health and Nutrition Guide in Stores

CVS Caremark Newsroom — Wed, 07 Jul 2010 12:00:00 -0400

Comprehensive guide part of partnership designed to help Americans take positive steps toward improving health

WOONSOCKET, R.I., July 7, 2010 /PRNewswire via COMTEX/ --

As part of their ongoing partnership to help Americans improve their health and curb the onset of chronic diseases like diabetes, CVS/pharmacy and the 50 Million Pound Challenge announced today the availability of the 32-page 50 Million Pound Challenge Guide in all CVS/pharmacy retail locations.

To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/cvs/43523/

The guide is free and offers tools and tips that can lead to better health, including guidance on weight loss, improved nutrition and exercise. Most important, the guide underscores the link between obesity and chronic diseases like high blood pressure, diabetes and cancer, and outlines preventive steps to take now. Specifically, the guide includes:

A diet plan from 50 Million Pound Challenge founder Dr. Ian Smith's widely popular book The Fat Smash Diet;

An exercise plan;

Information on nutritional content of foods;

A 7-day meal plan prepared by Dr. Ian;

Excerpts from Dr. Ian's new book, Happy; and

Weight loss charts for tracking success.

"Being overweight is the number one health crisis facing nearly all Americans," said Dr. Ian. "Now is the time to get started on a health improvement plan. With the simple steps outlined in this free 50 Million Pound Challenge guide, you may be able to improve the quality of your life and even add years to it."

The guide also includes coupons for healthy snacks at CVS/pharmacy and discounts on 50 Million Pound Challenge gear found at http://www.50millionpounds.com/.

CVS/pharmacy Supports Diabetes Patients

The CVS/pharmacy and 50 Million Pound Challenge partnership is part of a broader effort by CVS/pharmacy to support diabetes patients. Weight can critically affect risk for Type 2 diabetes and even the ability to manage the disease. For example, if you are overweight, losing just five to 10 percent of your body weight will improve diabetes control.

As part of the partnership Dr. Ian also serves as an ambassador to the CVS/pharmacy "To Your Health," program. "To Your Health" is a community health screening program launched in April 2010 that offers free comprehensive health risk assessments and screenings, including blood glucose screenings for diabetes. To date, nearly 10,000 people have been screened in the program's initial events in Atlanta, Washington, D.C. and Philadelphia.

In addition, patients with diabetes, who often have additional health complications that require treatment, incur medical expenses almost two and a half times greater than the average for a non-diabetic. To help patients control costs, CVS/pharmacy has launched the ExtraCare Advantage for Diabetes program that offers discounts and rewards on the purchase of needed diabetes supplies.

Patients can learn more about ways to manage their diabetes at www.cvs.com/diabetes and receive diabetes-related health and weight loss information at http://www.50millionpounds.com/.

About CVS/pharmacy

About The 50 Million Pound Challenge

Dr. Ian Smith's 50 Million Pound Challenge is a call-to-action for all Americans to come together and help people take control of their health by getting fit, losing excess weight and turning back the deadly toll of weight-related diseases that threaten nearly half of us. The Challenge is a campaign supported and endorsed by leaders across the community and national civic and health organizations.

About Dr. Ian Smith

Dr. Ian is a diet expert on VH1's Celebrity Fit Club and author of the New York Times #1 best-sellers 4 Day Diet, Fat Smash Diet and Extreme Fat Smash Diet, and HAPPY: Simple Steps to Get the Most Out of Life, as well as other works of fiction and non-fiction. He hosts his own TV and radio shows, BET's Meet the Faith and HealthWatch on American Urban Radio Network. Dr. Ian is a contributor to The View and Men's Health Magazine. He has filed reports and written for NBC Nightly News, Today Show, Essence, Ebony, People, Cosmopolitan and University of Chicago's Medicine on the Midway.

SOURCE CVS/pharmacy

CVS Caremark Study Finds State Policies Can Significantly Impact Rates of Generic Substitution and Medicaid Costs

CVS Caremark Newsroom — Wed, 07 Jul 2010 12:00:00 -0400

Study Reviews Generic Laws as Set by States and Finds Less Restrictive Regulations Could Result in Savings of More than $100 Million

WOONSOCKET, R.I., July 7, 2010 /PRNewswire via COMTEX/ --

States struggling to pay for increasing health care costs through their Medicaid programs can save more than $100 million over the next several years by changing generic substitution laws to permit easier and faster substitutions of generics for brand medications, a new CVS Caremark (NYSE: CVS) has found.

The study, published in the July edition of Health Affairs, looked at the generic substitution of simvastatin for cholesterol brand drug Zocor over six quarters beginning June 23, 2006, when Zocor's patent expired. The review looked at how quickly Medicaid recipients moved to the generic equivalent medications under three different state statutes - mandatory versus permissive substitution, with and without prior authorization, and with and without requiring patient approval for substitution. The generic substitutions discussed in the study are for chemically identical generics for brand name drugs.

"Requiring patients to provide consent prior to generic substitution led to an approximately 25% reduction in generic substitution," said Dr. William H. Shrank, the study's lead author, an Assistant Professor of Medicine at Harvard Medical School in the Division of Pharmacoepidemiology at Brigham and Women's Hospital in Boston. During the six consecutive quarters reviewed, the study determined that states could have saved almost $20 million if the substitution from Zocor to the chemically-identical simvatstatin were made more quickly for that one medication.

"This study has important implications. We determined states can stem the rising cost of medications paid for by Medicaid programs by modifying statutes to make it easier to replace brand name medications with generics," said Troyen A. Brennen, MD, MPH and Executive Vice President and Chief Medical Officer of CVS Caremark. "There are many brand medications that will lose their patent protection over the next several years and, as a consequence, we will see the introduction of generic equivalents for these brand medications. In particular, we can expect significant activity with the upcoming patent expirations of Lipitor, Plavix and Zyprexa over the next eighteen months.

"The study estimates state Medicaid programs can save more than $100 million on those three drugs alone by adopting regulations that allow pharmacists to make a change following the patent expiration, without requiring direct patient approval. This is action that policy makers can take immediately to save money without affecting the quality of pharmacy care," he said.

Brennan said cost containment and finding ways to better manage increasing health care costs is extremely important in the face of the current economic climate and expected expansion of state Medicaid programs resulting from federal health care reform. The study involved a review of Medicaid claims data between June 2006 and 2008 in 48 states and the District of Columbia.

The study published in Health Affairs is the result of CVS Caremark's previously announced three-year collaboration with Harvard University and Brigham and Women's Hospital to research pharmacy claims data to better understand patient behavior around medication adherence and appropriate medication use. In addition, earlier this year the company launched a Behavior Change Research Partnership with academic leaders from Carnegie Mellon University, Dartmouth College's Tuck School of Business and the University of Pennsylvania's Medical School and Wharton School of Business to develop insights into consumer actions around health challenges through the lens of behavioral economics and social marketing.

CVS Caremark is undertaking these studies because patient non-adherence to essential chronic medications is widely recognized as a barrier to improving public health and a cause of increasing medical costs. Past studies show one-quarter of people receiving prescriptions never fill their first prescription, and patients with chronic diseases such as diabetes and coronary artery disease adhere to their ongoing medication regimen about half of the time. Non-adherence to essential medications is a frequent cause of preventable hospitalizations and patient illness, with costs to the U.S. health care system estimated at about $300 billion annually.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

    Contacts:
    Jon Sandberg                         Nancy Christal
    Corporate Communications             Senior Vice President
    (401) 770-4914                       Investor Relations
                                         (914) 722-4704

SOURCE CVS Caremark

CVS Caremark Corporation Announces Quarterly Dividend

CVS Caremark Newsroom — Wed, 07 Jul 2010 12:00:00 -0400

WOONSOCKET, R.I., July 7, 2010 /PRNewswire via COMTEX/ --

CVS Caremark Corporation (NYSE: CVS) today announced that its Board of Directors has approved a quarterly dividend of $0.0875 (8.75 cents) per share on the Common Stock of the Corporation, payable August 2, 2010 to holders of record on July 22, 2010.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

SOURCE CVS Caremark Corporation

CVS Caremark Annual Insights Report Points to Success in Controlling Pharmacy Costs in a Challenging Economy

CVS Caremark Newsroom — Wed, 07 Jul 2010 12:00:00 -0400

2010 Insights Report shows increase in generic dispensing rates while plan member contributions declined

WOONSOCKET, R.I., July 7, 2010 /PRNewswire via COMTEX/ --

CVS Caremark (NYSE: CVS) today released its 2010 Insights Report, which provides an annual review of drug trend performance for the company's pharmacy benefit management (PBM) client segments, including employers, health plans and third party administrators. The 2009 drug trend shows that CVS Caremark clients were able to manage pharmacy costs in the midst of the economic recession without passing along added costs to their members. In addition, plan sponsors increased their overall use of generics. These factors helped plan sponsors manage their costs while minimizing out-of-pocket costs for their members.

"While each of our client segments had different approaches and leveraged different tools, they all shared a priority in 2009 - finding ways to manage pharmacy costs," said Per Lofberg, President of CVS Caremark's pharmacy benefit management business. "In these challenging economic times we worked with our clients to implement plan designs that would enable them to continue to control pharmacy costs while still providing their members with access to the medications they need, programs to support medication adherence and opportunities for out-of-pocket savings."

Although clients were focused on managing pharmacy costs, they did so without passing along added costs to their members. In fact, plan sponsors made few changes to member contribution levels last year, with member contribution actually declining from 19 percent in 2008 to 15.7 percent in 2009. In addition, plan sponsors embraced opportunities to educate their members about the benefits of generic medications and encourage their use. This resulted in the CVS Caremark Book of Business generic dispensing rate (GDR) increasing to 68.2 percent from 65.1 percent in 2008, despite a lack of significant generic drug introductions in 2009.

The Insights Report reviews each of the client segments supported by CVS Caremark and provides an overview of performance by segment, with a special focus on Best-in-Class measures. Overall Book of Business trend (excluding Medicare Part D) was 3.4 percent, or 2.4 percent excluding specialty pharmacy. Specialty pharmacy trend for the full Book of Business was 11 percent. Best-in-Class trend by segment was 1.7 percent for health plans, 1.9 percent for third party administrators and 2.4 percent for employers.

Access the full 2010 Insights Report at the following link: https://www.caremark.com/portal/asset/CVSCaremark_Insights_2010.pdf

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

    Media Contact:
    Christine Cramer                          Jon Tashjian
    CVS Caremark                              Weber Shandwick
    (401)770 3317                             (617) 520-7118
    ckcramer@cvs.com                          jtashjian@webershandwick.com

SOURCE CVS Caremark

CVS Caremark and the Boston Red Sox Team-up for Sixth Season of CVS Caremark All Kids Can Baseball Camps at Fenway Park

CVS Caremark Newsroom — Wed, 14 Jul 2010 14:30:44 -0400

Woonsocket, R.I. (June 30, 2010) – CVS Caremark and the Boston Red Sox have officially launched the 2010 season of the CVS Caremark All Kids Can Baseball Camps at Fenway Park. The team endeavor by CVS Caremark and the Red Sox provides New England children with disabilities an action-packed, dream-fulfilling experience playing ball at Fenway Park and working one-on-one with Red Sox Batting Coach Dave Magadan. Heading into the batter’s box today were Little League Challenger players from the Swansea Challenger Team whose players hail from Southeastern Massachusetts and the East Bay area of Rhode Island.

The camp is one of nine scheduled for this baseball season and is part of CVS Caremark’s national philanthropic All Kids Can program, which focuses on helping children with disabilities learn, play and succeed in life.

Each CVS Caremark All Kids Can Baseball Camp includes hitting tips and instruction in the Red Sox batting cage with Red Sox Batting Coach Dave Magadan; on-field batting practice with Magadan; a photo opportunity and lunch in the Red Sox dugout; a visit from Red Sox mascot Wally the Green Monster; a VIP tour of Fenway Park; early entry to the evening’s Red Sox batting practice; and tickets to the evening’s game in the CVS/pharmacy Family Section.

“The magic created at these camps is inspiring,” said Eileen Howard Dunn, Senior Vice President of Corporate Communications and Community Relations for CVS Caremark Corporation. “These kids face all kinds of challenges on a daily basis, yet when they come to Fenway to participate in one of our All Kids Can Baseball Camps, you see the sheer joy on their faces in being part of the Fenway Park experience. We’re thrilled to be teaming with the Red Sox on this wonderful program which embodies the mission of our All Kids Can program.”

Mike and Brenda Hyland, husband and wife co-coaches of the Swansea Challenger Team, started the Swansea Little League Challenger Division in 2007 when they realized that no local opportunities existed for their autistic grandson Nathan to play baseball in an organized league.

Mike Hyland commented, “Starting and coaching this Challenger Team has been one of the best experiences of our lives. And having our team take part in this All Kids Can camp today at Fenway is the absolute icing on the cake. Words cannot express the gratitude we feel towards CVS and the Red Sox for giving our players this amazing opportunity.”

This year marks the sixth season of the CVS Caremark All Kids Can Baseball Camps at Fenway Park. In planning the camps, CVS Caremark reached out to coaches of Little League Challenger Teams, Miracle League teams and inclusive baseball teams in the New England area to apply for an opportunity to attend one of nine camps. The camps are part of a continued partnership between CVS Caremark and the Boston Red Sox, demonstrating their shared commitment to local children with disabilities.

Since the inception of the CVS Caremark All Kids Can Baseball Camps, 45 camps have been held at Fenway, providing a memorable sports experience to more than 700 New England children with disabilities. By the end of this baseball season, nine additional camps will have been held, bringing the total number of New England children with disabilities served by the baseball camps to approximately 900.

About the Little League Challenger Division
The Challenger Division was established in 1989 as a separate division of Little League Baseball to enable boys and girls with physical and/or developmental challenges, ages 5 to 18, to enjoy the game of baseball along with the millions of other children who participate in this sport worldwide. Teams are set up according to abilities, rather than age, and can include as many as 15 to 20 players.

About CVS Caremark All Kids Can
CVS Caremark All Kids Can™, a program of the CVS Caremark Charitable Trust and supported by CVS Caremark, is a 5-year, $25 million commitment to making life easier for children with disabilities. Through this signature program, CVS Caremark and the Trust will support nonprofit organizations that provide innovative programs and services in local communities focused on helping children with disabilities learn, play and succeed in life.

Contact

Dawn Ratté
401-453-4748; 401-580-9597
dratte@addventures.com

Joanne Dwyer
401-770-2898
jdwyer@cvs.com

CVS Caremark and Walgreens Announce New PBM Network Pharmacy Agreement

CVS Caremark Newsroom — Fri, 18 Jun 2010 12:00:00 -0400

WOONSOCKET, R.I., and DEERFIELD, Ill., June 18, 2010 /PRNewswire via COMTEX/ --CVS Caremark Corporation (NYSE: CVS) and Walgreens (NYSE: WAG) (Nasdaq: WAG) today announced that the companies have reached an agreement on terms under which Walgreens will continue participating in the CVS Caremark pharmacy benefit management (PBM) national retail network for existing, new or renewal plans. The companies are not disclosing the financial terms of the new contract.

"We are very pleased with the outcome of this mutual, multi-year agreement that meets our business objectives," said Walgreens Executive Vice President of Pharmacy, Kermit Crawford. "The agreement makes good business sense, provides the framework we need to operate our business going forward, and assures choice and convenience for the many consumers who look to us for quality pharmacy care. The agreement is good for our patients, pharmacists and shareholders, and will allow us to continue to meet the needs of our customers across the country through the CVS Caremark network."

Per Lofberg, President of CVS Caremark's pharmacy benefit management business, said, "We are pleased to have reached a mutually agreeable solution together with Walgreens that is consistent with our top priority to provide convenient access to affordable high-quality pharmacy health care. This new contract enables Walgreens to continue participating in CVS Caremark's PBM national pharmacy network, provides enhanced network stability, eliminates any current or long-term disruption for our clients or their members and allows us to continue to fulfill our obligation to deliver cost-effective pharmacy benefits for our clients."

With the continuing participation of Walgreens, the CVS Caremark national pharmacy network will have more than 64,000 participating pharmacies, including neighborhood independent pharmacies, chain pharmacies, and those located in supermarkets and other major retailers.

About CVS Caremark:

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including over 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com/.

CVS Caremark Forward-looking statements:

This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2009 and under the caption "Cautionary Statement Concerning Forward Looking Statements" in our Quarterly Report on Form 10Q for the quarter ended March 31, 2010.

About Walgreens:

Walgreens (http://www.walgreens.com/) is the nation's largest drugstore chain with fiscal 2009 sales of $63 billion. The company operates 7,522 drugstores in all 50 states, the District of Columbia and Puerto Rico. Walgreens provides the most convenient access to consumer goods and services and cost-effective pharmacy, health and wellness services in America through its retail drugstores and Walgreens Health and Wellness division. The division includes Take Care Health Systems, the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.

Walgreens Forward-looking statements:

This news release may contain forward-looking statements that involve risks and uncertainties. The following factors could cause results to differ materially from management expectations as projected in such forward-looking statements: seasonal variations, competition, risks of new business areas, the availability and cost of real estate and construction, and changes in federal or state legislation or regulations. Investors are referred to the "Cautionary Note Regarding Forward-Looking Statements" in the Company's most recent Form 10-K, which Note is incorporated into this news release by reference.



    Media Contact:               Media Contact:
    Eileen Howard Dunn           Michael Polzin
    CVS Caremark                 Walgreen Co.
    Senior Vice President        Divisional Vice President
    Corporate Communications     Corporate Communications
    (401) 770-4561                                 (847) 914 - 2920

    Investor Contact:            Investor Contact:
    Nancy Christal               Rick Hans, CFA
    CVS Caremark                 Walgreen Co.
    Senior Vice President        Divisional Vice President
    Investor Relations           Investor Relations and Finance
    (914) 722-4704               (847) 914-2385

SOURCE CVS Caremark Corporation; Walgreens

CVS/pharmacy Launches 'To Your Health' Program in Philadelphia Area, Providing Free Health Screenings

CVS Caremark Newsroom — Thu, 17 Jun 2010 12:00:00 -0400

Events provide free comprehensive health risk assessments and screenings valued at $150

WASHINGTON, June 17, 2010 /PRNewswire via COMTEX/ --CVS/pharmacy, the nation's leading retail pharmacy, brings its "To Your Health" community wellness program to the Philadelphia area starting June 19. More than 80 events are planned at various CVS/pharmacy retail locations in Pennsylvania, Delaware and New Jersey through September. The community health screening events, also taking place this year in Atlanta and Washington D.C., offer a $150 value in free comprehensive health risk assessments and screenings to help improve access to preventive care to residents in urban and African American communities.

(Logo: http://photos.prnewswire.com/prnh/20090129/NE64371LOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20090129/NE64371LOGO )

The first "To Your Health" screening events in the Philadelphia area will be this weekend and will continue through the summer. The events this Saturday and Sunday are 12-4 p.m. at the following CVS/pharmacy retail locations:

1001 Washington Ave. #99, Philadelphia
71 Springside Rd., Westampton
1100 Liberty St., Trenton

See a full schedule of events through September at www.toyourhealthusa.com or call 888-604-0333.

The "To Your Health" program, launched nationally in April 2010 in Atlanta, is part of efforts by CVS/pharmacy to improve access to preventive care in urban communities including Philadelphia and D.C. In particular, CVS/pharmacy hopes to address critical health issues among African Americans, who often have higher rates of diabetes and high blood pressure. For example, the rate of diabetes among African Americans is 11.8% (vs. 6.6% of non-Hispanic whites), according to the American Diabetes Association.

The "To Your Health" community wellness events provide diabetes, blood pressure, cholesterol and osteoporosis screenings, and also examine patients for oral care, provide referrals for mammograms and pap smears. Additionally, physicians are on hand to help patients interpret results and provide counsel on next steps.

In 2009, over 195,000 people were screened at similar free community health screening events for the Hispanic community across the country and serious health concerns were detected in an alarmingly high percentage of participants. Of the individuals screened:

33 percent had high cholesterol
36 percent had a high to moderate risk of developing osteoporosis
28 percent had hypertension
22 percent had diabetes, with more than half being diagnosed with diabetes for the first time

For more information please go to www.toyourhealthusa.com or call 888-604-0333.

About CVS/pharmacy



    Media Contacts:
    Carolyn Castel     Rachel Walt
    CVS/pharmacy       Weber Shandwick
    401-770-5717       617-520-7254
    ccastel@cvs.com    rwalt@webershandwick.com

SOURCE CVS/pharmacy

From Gadgets to Grilling Tools, CVS/pharmacy Offers One-Stop-Shopping for Father's Day

CVS Caremark Newsroom — Tue, 15 Jun 2010 12:00:00 -0400

WOONSOCKET, R.I., June 15, 2010 /PRNewswire via COMTEX/ --CVS/pharmacy, the one-stop destination for Father's Day essentials, provides convenient and even last-minute gift options for any dad. Whether looking to suit an outdoorsman or find gadgets for a technology lover, shoppers can find affordable and personalized gifts at any CVS/pharmacy location nationwide. In addition to a wide selection of gift options, CVS/pharmacy also offers greeting cards, wrapping paper and a collection of gift cards to popular retail outlets.

(Logo: http://photos.prnewswire.com/prnh/20090129/NE64371LOGO )

"Our customers have asked us to make shopping easy and convenient and they'll be pleased to find everything they need for Father's Day right at their local CVS/pharmacy," said Mike Bloom, executive vice president of merchandising and supply chain, CVS/pharmacy. "From designer cologne and shaving tools to portable TVs and GPS devices, we offer one-stop shopping at more than 7,000 locations, even at the last-minute."

Outdoor Essentials

Create a toolkit any father would love from the wide assortment of grilling tools, gadgets and outdoor necessities readily available at CVS/pharmacy. Suggestions include:

Outdoor chairs, $12.99 - $39.99
Grilling tools, starting at $4.99
GPS devices, $79.99 - $179.99
Portable TVs, $129.99
Coolers, starting at $14.99
Sunglasses, $10.99 - $19.99
Gardening tools, staring at $3.99
Outdoor dining basics, $1.50 - $2.50
Beach towels, $8.99 - $14.99

Personalized Presents

Tailor-made photo gifts can easily be created at any CVS/pharmacy Photo Centerand taken home the very same day for less than $15.00. Shoppers can bring their images in-store on any media format (USB, memory card, digital camera) and walk away with customized photo gifts in just minutes, including:

In-store photo books, $5.99 - $14.99
KODAK Picture Movie DVD, $14.99
Photo collages, starting at $1.49

Grooming Gifts

Help dad stay dapper by stocking him up on grooming gifts like razors, cologne and body wash. Any dad will be pleased by an assortment of everyday staples, including:

Blade 5 razor and trimmer, $6.99
Scented Blade bar soaps, $2.49
Assorted body wash for men from Blade, Dial, Dove, Nivea, $4.99 - $5.99
Designer cologne by McGraw Southern Blend, Jovan, Polo, Dolce & Gabbana, $17.99 - $49.99

CVS/pharmacy also encourages shoppers to use their ExtraCare card to earn two percent back on nearly every purchase. ExtraCare cardholders receive instant Extra Bucks every time they shop, by simply purchasing specially-advertised items, such as many of the holiday items detailed above. Shoppers can also follow CVS/pharmacy on Twitter at http://twitter.com/CVS_Extra to learn about upcoming sales and promotions.

To locate the store closest to you, please visit www.CVS.com/storefinder.

About CVS/pharmacy



    Press Contact:
    Joanne Dwyer
    CVS/pharmacy
    T: 401.770.2898
    E: JDwyer@cvs.com

SOURCE CVS/pharmacy

CVS Caremark's Proactive Approach to Employee Health Recognized with Gold Award from National Business Group on Health

CVS Caremark Newsroom — Tue, 15 Jun 2010 12:00:00 -0400

WOONSOCKET, R.I., June 15, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) has been named one of the nation's leading corporations for its proactive approach to workplace health and its investment in programs that help employees and their families make better choices about their health and well-being.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

This recognition came with CVS Caremark's inclusion on the 2010 Best Employers for Healthy Lifestyles list unveiled this week by the National Business Group on Health at its Institute on Innovation in Workforce Well-being Leadership Summit in Washington, D.C. CVS Caremark was recognized with a Gold Award for its WellRewards programs supporting employees who embrace healthy behaviors and who commit to long-term behavior changes to improve their health. CVS Caremark was the only company in the retail pharmacy or pharmacy benefit management sectors to be recognized at the 2010 Innovation in Workforce Well-being Leadership Summit. CVS Caremark also won this recognition in 2009.

"As a company that is contributing to the health of millions of Americans through our CVS/pharmacy stores, our MinuteClinic network of retail clinics and our pharmacy services division, we are excited to receive national recognition once again for our wellness programs for our own colleagues," said Larry Merlo, President and Chief Operating Officer of CVS Caremark. "We thank the National Business Group on Health for this honor as we continue to empower employee health at CVS Caremark and to make high quality health care more accessible and more affordable for consumers and for employers and other health plan sponsors."

Now in its sixth year, the Best Employers for Healthy Lifestyles awards acknowledge and reward those employers that have responded to the urgent need to improve their workers' health, productivity and quality of life. The underlying goal of the program is to encourage all employers to take action. CVS Caremark's wellness investments helped employees improve their health in several key areas in 2009 including smoking cessation, improved rates of mammograms and colon-cancer screenings, prenatal maternity care, physical activity and healthy eating.

"We are delighted to recognize CVS Caremark for its innovation and commitment to providing lifestyle improvement programs designed to encourage healthier lifestyles for their employees," said Helen Darling, President of the National Business Group on Health. "CVS Caremark and its management team recognize just how important a healthy workforce is to increasing productivity and controlling health care costs, and we congratulate them on receiving this award."

About the National Business Group on Health

The National Business Group on Health is the nation's only non-profit organization devoted exclusively to representing large employers' perspective on national health policy issues and providing practical solutions to its members' most important health care problems. The Business Group helps drive today's health agenda while promoting ideas for controlling health care costs, improving patient safety and quality of care and sharing best practices in health benefits management with senior benefits, HR professionals, and medical directors from leading corporations. Business Group members, which include 63 Fortune 100 companies, provide health coverage for more than 50 million U.S. workers, retirees and their families. For more information, visit www.businessgrouphealth.org.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including over 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com.



    Investor Contact:                 Media Contact:
    Nancy Christal                    Eileen Howard Dunn
    Senior Vice President             Senior Vice President
    Investor Relations                Corporate Communications
    (914) 722-4704                    (401) 770-4561

SOURCE CVS Caremark

CVS Caremark Corporation Announces New Authorization of Repurchase Program for up to $2 Billion of Common Stock

CVS Caremark Newsroom — Mon, 14 Jun 2010 12:00:00 -0400

WOONSOCKET, R.I., June 14, 2010 /PRNewswire via COMTEX/ --CVS Caremark Corporation (NYSE: CVS) today announced that its Board of Directors has approved a new share repurchase program for up to $2.0 billion of its outstanding common stock. The share repurchase authorization, which is effective immediately and expires at the end of 2011, permits the Company to effect the repurchases from time to time through a combination of open market repurchases, privately negotiated transactions, accelerated share repurchase transactions, and/or other derivative transactions .

The Company also stated that during the second quarter of 2010 it repurchased approximately 16.7 million shares of common stock for approximately $613 million, completing the $2 billion repurchase program authorized in November 2009.

Dave Denton, Executive Vice President and Chief Financial Officer of CVS Caremark, stated, "We're very pleased with the Board's approval of this new share repurchase program and believe it reflects well-placed confidence in the future growth of CVS Caremark's business and an ongoing commitment to increase shareholder value. We're very focused on the efficient allocation of capital and we will continue to invest in internal projects that meet our return hurdles and use the rest of our remaining free cash flow to increase shareholder value."

Denton continued, "Over the next five years, we expect to generate significantly more free cash flow than what we've generated in the past five years and we expect to use the majority of that free cash flow in the near-term to enhance shareholder returns through dividends and share repurchases. We intend to continue to review our dividend annually and do share repurchases that are value enhancing."

There can be no assurance as to the amount, timing or prices of repurchases. The specific timing and amount of repurchases will vary based on market conditions and other factors. The share repurchase program may be modified, extended or terminated by the Board of Directors at any time.

About the Company:

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including over 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com/.

Forward-looking statements:

This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2009 and under the caption "Cautionary Statement Concerning Forward Looking Statements" in our Quarterly Report on Form 10Q for the quarter ended March 31, 2010.

SOURCE CVS Caremark Corporation

Source

CVS Caremark Corporation

CVS/pharmacy Launches 'To Your Health' Program in Washington D.C. Area, Providing Free Health Screenings

CVS Caremark Newsroom — Thu, 10 Jun 2010 12:00:00 -0400

Dr. Ian Smith, nationally known doctor and diet expert, headlines first health event on June 12
Program provides free comprehensive health risk assessments and screenings

WASHINGTON, June 10, 2010 /PRNewswire via COMTEX/ --CVS/pharmacy, the nation's leading retail pharmacy, brings its "To Your Health" community wellness program to the Washington, D.C. area. About 100 events are planned at various CVS/pharmacy retail locations in Washington, D.C., Maryland, and Virginia starting June 12 and running through early September. The health programs, also taking place this year in Atlanta and Philadelphia, offer free comprehensive health risk assessments and screenings to help improve access to preventive care to residents in urban and African American communities. The free comprehensive health risk assessments and screenings are valued at $150.

(Logo: http://photos.prnewswire.com/prnh/20090129/NE64371LOGO )

Dr. Ian Smith, a nationally recognized doctor, author and diet expert, will appear at one of the first To Your Health events in the D.C. area on Saturday, June 12. Dr. Smith will kick-off the program at the CVS/pharmacy located at 110 Carroll Street NW, Washington, D.C. The event will be held from 12 - 4 p.m. Dr. Ian will be present from 12 - 2 p.m. to offer his expertise and inspire participants to take control of their health.

"Preventive care is an important part, if not the most important part, of staying healthy and curbing the onset of chronic diseases like diabetes," said Dr. Smith. "I am excited to be working with CVS/pharmacy as a partner of The 50 Million Pound Challenge and applaud their efforts to make preventive care services more accessible to the people of Washington, D.C. and beyond. The screenings To Your Health offers will provide citizens with a snapshot of their health based on blood pressure, cholesterol and blood sugar levels which is key in determining potential risk for serious health conditions."

The events provide diabetes, blood pressure, cholesterol and osteoporosis screenings, and also examine patients for oral care, provide referrals for mammograms and pap smears. Additionally, physicians are on hand to help patients interpret results and provide counsel on next steps. In particular, CVS/pharmacy hopes to address critical health issues among African Americans, who often have higher rates of diabetes and high blood pressure. For example, the rate of diabetes among African Americans is 11.8% (vs. 6.6% of non-Hispanic whites), according to the American Diabetes Association.

In 2009, over 195,000 people were screened at similar free CVS/pharmacy health events for the Hispanic community across the country and serious health concerns were detected in an alarmingly high percentage of participants. Of the individuals screened:

33 percent had high cholesterol
36 percent had a high to moderate risk of developing osteoporosis
28 percent had hypertension
22 percent had diabetes, with more than half being diagnosed with diabetes for the first time

For more information, and a full calendar of To Your Health events, please go to www.toyourhealthusa.com or call 888-604-0333.

About CVS/pharmacy

About The 50 Million Pound Challenge

About Dr. Ian Smith

Dr. Ian is the creator and founder of The 50 Million Pound Challenge. He is currently the medical/diet expert on VH1's "The Celebrity Fit Club" and a medical contributor on "Rachael Ray." He also hosts "Healthwatch," on American Urban Radio Networks. Dr. Smith is the author of the #1 New York Times bestsellers Extreme Fat Smash Diet and The Fat Smash Diet, the New York Times bestseller The 4 Day Diet, as well as other works of fiction and non-fiction. His seventh book, Happy, was recently published by St. Martin's Press. Dr. Ian has filed reports and written for NBC Nightly News, Today Show, Essence, Ebony, People, Cosmopolitan and University of Chicago's Medicine on the Midway.



    Media Contacts:

    Carolyn Castel  Sue Howland
    CVS/pharmacy    Weber Shandwick
    401-770-5717    617-520-7082 (cell: 617-699-4621)
    ccastel@cvs.com showland@webershandwick.com

SOURCE CVS/pharmacy

CVS Caremark to Present at the Jefferies 2010 Global Consumer Conference

CVS Caremark Newsroom — Wed, 09 Jun 2010 12:00:00 -0400

WOONSOCKET, R.I., June 9, 2010 /PRNewswire via COMTEX/ --CVS Caremark Corporation (NYSE: CVS) today announced that Larry Merlo, President and Chief Operating Officer, and David Denton, Executive Vice President and Chief Financial Officer, will be making a presentation to investors at the Jefferies 2010 Global Consumer Conference on June 22, 2010. The Company is scheduled to speak at approximately 10:45 a.m. ET.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

An audio webcast of the presentation will be broadcast simultaneously through the Investor Relations portion of the CVS Caremark website for all interested parties. To access the webcast, visit http://info.cvscaremark.com/investors. This webcast will be archived and available on the web site for a 30-day period following the presentation.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.



    Investor                            Media
     Contact:Nancy Christal          Contact:   Eileen Howard Dunn
                  Senior Vice
                  President                         Senior Vice President
                                                     Corporate Communications
                 Investor Relations                  &
                                                    Community Relations
                 (914) 722-4704                     (401) 770-4561

SOURCE CVS Caremark Corporation

CVS Caremark Announces Plan To Remove Walgreens From PBM Pharmacy Network and Transition Pharmacy Care To Participating Providers

CVS Caremark Newsroom — Wed, 09 Jun 2010 09:15:37 -0400

WOONSOCKET, R.I., June 9, 2010 /PRNewswire via COMTEX/ --CVS Caremark Corporation (NYSE: CVS) today announced that, while it has worked diligently to come to terms with Walgreens on an agreement that would allow Walgreens to continue as a member of the CVS Caremark PBM pharmacy network, it has no choice but to terminate Walgreens' participation in its retail pharmacy networks effective 30 days from today, or as otherwise may be required by applicable law or contract requirements. In addition, CVS Caremark will terminate Walgreens' participation in its Medicare Part D retail pharmacy networks effective January 1, 2011. CVS Caremark said that Walgreens' most recent actions have violated the terms of its existing agreements and that Walgreens has failed to respond to efforts by CVS Caremark to continue business negotiations.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

CVS Caremark has been negotiating in good faith with Walgreens over the past several months with the objective of reaching an agreement that would appropriately balance providing consumer access and managing pharmacy costs for CVS Caremark's PBM clients and their members. While Walgreens already receives comparable reimbursement rates to those of other large national retail chains, including CVS/pharmacy, Walgreens has continued to seek higher reimbursement rates and announced on June 7, 2010 that it would not participate in CVS Caremark PBM networks going forward for members covered under new or renewal plans. In order to minimize patient disruption and provide network stability, CVS Caremark's agreements with Walgreens and other retail pharmacies do not permit network participation on a selective basis.

Per Lofberg, President of CVS Caremark's pharmacy benefit management business, said, "Walgreens' announcement was nothing more than a transparent attempt to try to raise the pharmacy reimbursement rates it receives from CVS Caremark. We've seen Walgreens use this approach in the past, targeting employers, health insurers, government entities and other plan sponsors. We believe this approach is totally contrary to the needs of our clients who are all struggling to keep pharmacy health care affordable in today's challenging environment."

Tom Ryan, Chairman and Chief Executive Officer of CVS Caremark, commented, "As the nation's largest pharmacy services company, CVS Caremark is committed to being responsive to our clients needs and offering them innovative health solutions that reduce costs, improve health care outcomes and provide broad access and choice to consumers. Our network of participating pharmacies is currently the largest ever maintained by our PBM business, with more than 64,000 participants, only 7,000 of which are Walgreens stores."

In fact, when Walgreens is included in the CVS Caremark pharmacy network 85.9% of members on a national basis have access to a network pharmacy within a 3 mile radius of where they live. When Walgreens is excluded from the network that number changes negligibly to 85.7%.

"We regret any inconvenience this change may have on plan members who currently fill their prescriptions at Walgreens but are confident that through our remaining valued network partners, we will continue to provide excellent geographic coverage for our clients and their members across the country," Ryan added. "We will continue to provide convenient and affordable pharmacy care to members, and we are committed to a smooth transition of affected members to other pharmacy providers in our networks."

About the Company:

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including over 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com

Forward-looking statements:

This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2009 and under the caption "Cautionary Statement Concerning Forward Looking Statements" in our Quarterly Report on Form 10Q for the quarter ended March 31, 2010.

Source

CVS Caremark Corporation

Contact

    Media Contact:                 Investor Contact:
    Eileen Howard Dunn             Nancy Christal
    CVS Caremark                   CVS Caremark
    Senior Vice President          Senior Vice President
    Corporate Communications       Investor Relations
    (401) 770-4561                 (914) 722-4704

CVS/pharmacy Kicks Off 9th Annual ALS Fundraising Campaign in Stores Nationwide

CVS Caremark Newsroom — Mon, 07 Jun 2010 12:00:00 -0400

Two young fathers from Overland Park, Kansas and Pine Mountain Valley, Georgia are ALS patients serving as honorary co-chairs of campaign

WOONSOCKET, R.I., June 7, 2010 /PRNewswire via COMTEX/ --CVS/pharmacy has kicked-off its ninth annual in-store fundraising campaign to support the fight against amyotrophic lateral sclerosis (ALS). Since 2002, CVS/pharmacy has partnered with the ALS Therapy Alliance (ATA) to help advance ALS research. To date, CVS/pharmacy has raised more than $19 million in its stores--a single $1 donation at a time--to support the funding of new clinical research with the aim of discovering a treatment or cure for this devastating disease. This year's campaign began on June 6 and runs through June 26.

To help educate the public about ALS, CVS/pharmacy has enlisted the support of two young fathers who are ALS patients to serve as honorary co-chairs of the campaign, along with Executive Vice President of CVS Caremark Jon Roberts who lost his wife to ALS.

Treg Charlton, 44, of Overland Park, Kansas and 38-year-old Jeremy Williams of Pine Mountain Valley, Georgia say they're proud of how they and their families have handled their prognoses and want to be strong 'voices' about the need to find a cure for ALS and the underlying need to fund ALS research.

Charlton, who is a regional director of real estate for CVS Caremark and has two young daughters, was just diagnosed in March and is already experiencing weakened muscles throughout his body. "When my wife Dianne and I found out, we decided right away that we weren't going to sit on the sidelines while ALS wreaked havoc on my body. I told my family and friends not to be frightened or feel sadness or pity for me. I believe I was selected to have this disease to be a voice; to deal with this in a positive manner and to share my love for life and my optimism for finding a cure, with others," Charlton said.

That sentiment is shared by Williams - a man who was featured with his family on the May 16, 2010 season finale of Extreme Makeover Home Edition. Williams, who is head coach of the Greenville, Georgia Patriots High School football team, was diagnosed with ALS in June of 2008 and now faces great physical challenges on a daily basis. Married to his high school sweetheart Jennifer and the father of two children - one who has Spina Bifida - Williams is not allowing ALS to dictate how he leads his life. "I'm not going to let ALS beat me or my family or keep me from doing what I want to do. We're going to move ahead full force and be advocates for finding a cure for this horrific disease," he said.

ALS is a disorder in which there is progressive degeneration of motor nerves in the brain and spinal cord leading to paralysis and death, typically within three to five years. There is no known cause or cure for ALS, which affects 25,000 Americans, with 5,000 new cases diagnosed each year.

Campaign co-chair Roberts said, "The way that Treg and Jeremy have risen above this terrible disease and have chosen to live life to the fullest while championing funding for ALS research is incredibly admirable and courageous. By sharing their stories publicly, they are putting faces to this devastating disease and can have a great impact on motivating CVS/pharmacy customers to donate to this important campaign."

Dr. Robert H. Brown, Jr., who is Executive Director of ALS Therapy Alliance, said, "Continued research is critical to finding a cure for ALS, but the research can't take place without proper funding. What CVS/pharmacy has provided through this annual in-store fundraising campaign is a novel and powerful vehicle to drive forward research that has never been pursued before. Thanks to the efforts of CVS/pharmacy and its customers, the rate of progress we're making in finding a cure for ALS is taking place faster than ever before."

About ALS Therapy Alliance (ATA)

ATA was founded in 2000 to provide a vehicle for a diverse group of scientists and clinicians to coordinate research related to ALS. The scientists involved in the ATA are affiliated with some of the best universities and medical centers, including, among others, Massachusetts General Hospital, Harvard Medical School, Massachusetts Institute of Technology, Harvard College, Brigham and Women's Hospital, Beth Israel Deaconess Hospital, Boston University and the University of Massachusetts. ATA's board is comprised of outstanding clinicians, scientists and business associates including two Nobel Prize Laureates, H. Robert Horwitz, Ph.D. and Craig C. Mello, Ph.D., who are committed to the organization's mission. CVS Caremark is the largest corporate donor to the ALS Therapy Alliance.

About CVS/pharmacy

SOURCE CVS/pharmacy

CVS Caremark 'All Kids Can' Brings Children Together from Across the Country to Experience 'State of the Art' Exhibition in Washington D.C.

CVS Caremark Newsroom — Mon, 07 Jun 2010 10:45:21 -0400

Artwork from 51 students representing each state on display as part of 2010 International VSA Festival

WOONSOCKET, R.I., June 7, 2010 /PRNewswire via COMTEX/ --CVS Caremark's All Kids Can, a philanthropic program to enrich the lives of children with disabilities, and VSA, the international organization on arts and disability, announce the official ribbon cutting tomorrow of the "State of the Art" exhibition at Union Station in Washington, D.C. as part of the 2010 International VSA Festival. The exhibit is a collection of impressive artwork ranging from oil paintings to paper art to photographs that were created by young students ages 5-15, all of whom live with a disability.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

As part of "All Kids Can....CREATE!" a joint program between CVS Caremark and VSA, one artist from each state was selected from more than 5,500 entries, to display their artwork at the "State of the Art" exhibition. CVS Caremark invited each artist and their families to travel to D.C. to experience the exhibit, meet their states dignitary and participate in a ribbon-cutting ceremony to commemorate the event.

"The 'State of the Art' exhibition truly captures the spirit of our festival, which is a celebration of the arts by people with disabilities," said Soula Antoniou, president of VSA. "We are grateful to CVS Caremark for partnering with us on this unique program to create the opportunity for the students and their families to see the exhibition themselves, meet one another, attend the festival, and tour the nation's capital - many for their first time. The students are very excited and I know this means so much to them."

"Our partnership with VSA extends the All Kids Can mission to ensure that children of ALL abilities can learn, play and succeed in life," said Eileen Howard Dunn, senior vice president, Corporate Communications and Community Relations for CVS Caremark. "Art therapy has helped many children living with a disability to find new ways to achieve success and we couldn't be more proud to bring together these student artists from across the country to celebrate their achievements at the 2010 International VSA Festival."

While in D.C., the young artists will have the opportunity to attend performances and view artwork by professional artists with disabilities. The 2010 International VSA Festival is the largest arts and disability event to take place in Washington, D.C., to date and will feature artists with disabilities in venues citywide from June 6-12. More information can be found at www.vsartsfestival.org.

All 5,500 entries to the call will be included in an online art gallery at www.vsarts.org and in an interactive digital kiosk at the exhibition. "State of the Art" will be showcased at Union Station from now until June 12, before touring nationally.

The 51 children whose artwork will be displayed are:

Margaret, age 9 (Mountain, Alabama)
Lukas, age 6 (Delta Junction, Alaska)
Victor, age 12 (Phoenix, Arizona)
Chad, age 9 (Monticello, Arkansas)
Sebastian, age 15 (Chula Vista, California)
Amino, age 10 (Denver, Colorado)
Shardia, age 14 (Hamden, Connecticut)
Ryan, age 5 (Dover, Delaware)
Khadijah, age 12 (Washington, District of Columbia)
Jack, age 6 (Venice, Florida)
Alexis, age 11 (Newnan, Georgia)
Kiana, age 8 (Honolulu, Hawaii)
Justin, age 15 (Post Falls, Idaho)
Danny, age 10 (Glen Ellyn, Illinois)
Austin, age 12 (Indianapolis, Indiana)
Thomas, age 13 (Ames, Iowa)
Josh, age 12 (Kansas City, Kansas)
Elizabeth, age 13 (Bowling Green, Kentucky)
Derrick, age 12 (Opelousas, Louisiana)
Colby, age 13 (Brunswick, Maine)
Anthony, age 8 (Millersville, Maryland)
Marcellus, age 9 (Dorchester, Massachusetts)
Kelsey, age 12 (Detroit, Michigan)
Phoenix, age 10 (Prior Lake, Minnesota)
Vallye, age 13 (Brandon, Mississippi)
Victoria, age 12 (Chesterfield, Missouri)
Christopher, age 10 (Ballatine, Montana)
Nefertiti, age 11 (Omaha, Nebraska)
Yuri, age 12 (Reno, Nevada)
Donaman, age 5 (Rumney, New Hampshire)
Alex, age 8 (Bordentown, New Jersey)
Yonathan, age 12 (Albuquerque, New Mexico)
Maurice, age 13 (Bronx, New York)
Alexis, age 12 (Pineville, North Carolina)
Michael, age 14 (Bismarck, North Dakota)
Adrian, age 9 (Donnelsville, Ohio)
Amanda, age 14 (Enid, Oklahoma)
Billie, age 9 (North Bend, Oregon)
Joseph, age 8 (Hawley, Pennsylvania)
Ryan, age 15 (Pawtucket, Rhode Island)
Keona, age 12 (Spartanburg, South Carolina)
Shawna, age 14 (North Sioux, South Dakota)
Jalyn, age 7 (Sweetwater, Tennessee)
Joseph, age 9 (Dallas, Texas)
Raquelle, age 10 (Pleasant View, Utah)
Tyler, age 9 (Isle La Motte, Vermont)
Taylor, age 8 (Glen Allen, Virginia)
Anna, age 13 (Bellevue, Washington)
Cody, age 12 (Wheeling, West Virginia)
Dakota, age 13 (Oshkosh, Wisconsin)
Mary, age 8 (Laramie, Wyoming)

Union Station is located at 50 Massachusetts Ave, N.E. To find out more, please visit www.vsarts.org/allkidscancreate or call (202) 628-2800.

About VSA

VSA, the international organization on arts and disability, was founded more than 35 years ago by Ambassador Jean Kennedy Smith to provide arts and education opportunities for people with disabilities and increase access to the arts for all. With 52 international affiliates and a network of nationwide affiliates, VSA is changing perceptions about people with disabilities around the world. Each year, 7 million people of all ages and abilities participate in VSA programs, which cover all artistic genres. VSA is an affiliate of the John F. Kennedy Center for the Performing Arts. For more information, visit www.vsarts.org.

About CVS Caremark All Kids Can

CVS Caremark All Kids Can is a five-year, $25 million commitment to support children with disabilities. The goals of CVS Caremark All Kids Can are to support children with disabilities by raising awareness in schools and in local communities about the importance of inclusion, creating greater opportunities for physical activity and play, and providing access to medical rehabilitation. CVS Caremark and its more than 215,000 employees help children with disabilities learn, play and succeed through partnerships with leading local and national nonprofit organizations such as VSA and many others across the country. For more information, visit www.cvscaremarkallkidscan.com.



    Media Contacts:
    Erin Pensa                                Laura Broom
    CVS Caremark                              VSA
    401-770-4786                              202-628-2800 x3883
    epensa@cvs.com                            ljbroom@vsarts.org

SOURCE CVS Caremark

CVS Caremark Issues Statement in Response to Walgreens Unexpected Announcement

CVS Caremark Newsroom — Mon, 07 Jun 2010 13:44:48 -0400

WOONSOCKET, R.I., June 7, 2010 /PRNewswire via COMTEX/ --In response to the announcement from Walgreens today that it would not be participating in CVS Caremark (NYSE: CVS) PBM pharmacy networks on a go forward basis, the Company issued the following statement:

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

As the nation's largest pharmacy services company, the mission of CVS Caremark is to manage pharmacy costs for our clients and their members, improve health care outcomes and provide broad access and choice for consumers. We were surprised and disappointed by Walgreens' announced intention not to participate on a go forward basis in CVS Caremark PBM pharmacy networks. Our network of participating pharmacies is currently the largest ever maintained by Caremark Pharmacy Services, our PBM business, with more than 64,000 participants (only about 7,000 of which are Walgreens stores). Walgreens is offered comparable reimbursement rates as other large national retail chains, including CVS/pharmacy.

Despite this, Walgreens continues to take steps that make it a high cost pharmacy provider and disrupt members. Walgreens has tried this approach several times in the past, targeting employers, health insurers and government entities. Today's announcement by Walgreens is nothing more than a transparent effort to raise its reimbursement rates at the expense of plan sponsors and members and illustrates an inability to adapt to the demands of the marketplace in today's challenging and rapidly evolving health care environment. CVS Caremark is focused on being responsive to our clients' needs and offering them innovative solutions that reduce costs and improve health care outcomes. The fact is our clients, not retail pharmacies, dictate plan designs. Unfortunately, Walgreens has a demonstrated pattern of publicly objecting to plan designs not to their liking, such as mail based programs and other innovative programs that are designed to reduce costs and meet client needs.

CVS Caremark remains open to discussions regarding Walgreens continued participation in our PBM pharmacy networks. In fact, we just recently met with Walgreens management regarding these issues. However, we will continue to prioritize the needs of our clients and their members, including access to convenient and affordable pharmacy care. Furthermore, we believe a public relations strategy that threatens network withdrawal is not a proper way to resolve business issues and is not in the best interests of patient care.

About CVS Caremark

CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its more than 7,000 CVS/pharmacy and Longs Drugs stores; its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy); its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations section of the Company's Web site, at cvscaremark.com/investors, as well as through the press room section of the Company's Web site, at www.cvscaremark.com/newsroom.

Source

CVS Caremark

Contact


    Media Contact:
    Eileen Howard Dunn                        Nancy Christal
    Senior Vice President                     Senior Vice President
    Corporate Communications & Community
     Relations                                Investor Relations
    (401)770 4561                             (914) 722-4704

CVS Caremark Executives Honored with Providence Business News ‘Women to Watch’ Awards

CVS Caremark Newsroom — Fri, 04 Jun 2010 10:48:27 -0400

WOONSOCKET, R.I. – June 2, 2010 – CVS Caremark (NYSE: CVS) has announced that two of its senior executives, Lisa Bisaccia and Heidi Devlin, have been chosen by Providence Business News to be honored with the publication’s ‘Women to Watch’ Awards. The awards recognize outstanding women in the Rhode Island business community.

Bisaccia, Senior Vice President and Chief Human Resources Officer at CVS Caremark, was selected as an Industry Leader for her career achievements in the professional services category. Bisaccia oversees all aspects of human resources at the company and has been instrumental in driving innovative human resources initiatives across the enterprise.

As Vice President of Advertising, Devlin is also being recognized as an Industry Leader for her accomplishments in the creative services category. During her career, Devlin has developed a successful national, integrated advertising strategy that leverages both traditional and new/social media. Both executives join a prestigious list of past and present winners.

“We had many qualified, impressive nominees for the 2010 Business Women Awards program,” said Roger Bergenheim, publisher, Providence Business News. “Lisa (Bisaccia) and Heidi (Devlin) truly stood out in their fields, and have remarkable careers. We are very pleased to recognize their achievements.”

The third annual Business Women Awards luncheon was held Thursday, May 20, at the Providence Marriott.

About CVS Caremark
CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan participants in behaviors that improve their health and to lower overall health care costs for plan sponsors and participants. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics. We are also a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefit managers (PBMs), we provide access to a network of approximately 60,000 pharmacies, including approximately 7,000 CVS/pharmacy stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Contact

Joanne Dwyer
T: 401.770.2898
E: JDwyer@cvs.com

CVS Caremark and Generation Health Outline Target Medications That Will Be the Focus of New Pharmacogenomics Partnership

CVS Caremark Newsroom — Wed, 02 Jun 2010 10:06:02 -0400

WOONSOCKET, R.I. and UPPER SADDLE RIVER, N.J., June 2, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS), the nation's largest pharmacy health care provider, and Generation Health, Inc., today announced they will offer an integrated Genetic Benefit Management (GBM) service utilizing the industry's first Best Test(TM) Genetics Network for coordination of testing directed at tailoring prescriptions to members based on their DNA.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

The initial product offering is available to CVS Caremark pharmacy benefit management services clients and focuses on thirteen (13) drug therapies. For medications generally dispensed through PBM services, the target medications will include: Imuran, Nolvadex, Plavix, Tabloid, Tegretol, and Ziagen. The partnership will also initially focus on seven (7) medications dispensed through CVS Caremark's specialty pharmacy business, including: Pegasys and Copegus, for treatment of hepatitis C, as well as the following oncology drugs: Gleevec, Tasigna, Sprycel, Tarceva, and Tykerb.

For each drug therapy, testing will be coordinated through the industry's first Best Test(TM) Genetics Network, a preferred provider organization of high-quality diagnostic service providers that offer evidence-based genetic and molecular testing.

"We developed this program by reviewing the scientific and clinical evidence to determine where we can have the greatest impact to improve pharmacy care for clients by making genetic benefit management an integral part of our PBM offering," said Troyen A. Brennan, MD, MPH, and Executive Vice President and Chief Medical Officer of CVS Caremark. "There is a growing desire by clients to tailor pharmaceutical treatment based on genetic inheritance and our new program helps save payors and patients time and money while improving health outcomes."

"This offering strengthens CVS Caremark's efforts to provide clients with a sophisticated, evidence-based clinical approach to genomic medicine," said Rick Schatzberg, CEO of Generation Health. "The emerging field of genomics is complex and challenging and this offering will allow employers to better manage the process for ensuring that their employees are receiving the most effective genetic testing and access to genetic experts, resulting in prescribing tailored to individuals."

This integrated GBM service offering will be launched for a select group of CVS Caremark's PBM clients in the months ahead, with the product becoming available to all clients starting in January 2011. Additionally, the CVS Caremark and Generation Health collaboration will be expanding its GBM service offerings as is warranted by research and medical advances.

CVS Caremark acquired a majority interest in Generation Health in December 2009. However, Generation Health operates as an independent business from CVS Caremark offering a full range of GBM services to employers, health plans, and provider networks.

About CVS Caremark

About Generation Health

Generation Health provides a clinical and economic framework for harnessing the burgeoning field of genomic medicine in pursuit of quality health outcomes. This framework includes evaluation of clinical evidence to determine clinical utility; cost and outcome models to support evidence for reimbursement; a Best Test(TM) Genetics Network to manage the rapid growth of testing costs for payors; data and analytics to review gaps in care among patients; and outreach programs to ensure thorough communications between patients, physicians and pharmacists. Generation Health, a privately owned company, was established in November 2008 with funding from its founders and Highland Capital Partners, one of the country's leading venture capital organizations with a strong history and commitment to innovation in health care and life sciences. General information about Generation Health is available on the Company's website, at www.mygenerationhealth.com.

Source

CVS Caremark

Contact

    Contacts:
    Jon Sandberg
    Corporate Communications
    CVS Caremark
    401-770-4914

    Nancy Christal
    Senior Vice President
    Investor Relations, CVS Caremark
    914-722-4704


    Jeff Marrazzo
    Vice President, Sales and Business Development
    Generation Health
    201-820-3455

MinuteClinic Offers Convenient Physicals for Athletes, Campers and Students Seven Days a Week

CVS Caremark Newsroom — Wed, 02 Jun 2010 11:48:24 -0400

WOONSOCKET, R.I., June 2, 2010 /PRNewswire via COMTEX/ --Parents of children heading to camp, sports practice or college this summer can turn to the walk-in MinuteClinic medical centers inside select CVS/pharmacy stores for quick and easy physicals available seven days a week.

With camp season, team practices and summer sports leagues just weeks away, administrators will soon be asking for completed physical examination forms before a child or teen is cleared to participate, and that's where MinuteClinic can help with no appointment necessary and its clinics open daily, including nights and weekends.

For the campers, athletes and college-bound students seeking physicals, family nurse practitioners or physician assistants at MinuteClinic will measure height and weight, review health and immunization history, perform a simple exam to determine if a youth is fit to participate, help with any required paperwork and provide safety and education tips.

"Parents are busy getting their children ready for summer activities, so we're here to help make their lives a bit easier," said Andrew Sussman, M.D., President, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "We can provide the physicals, help with the paperwork and get children on their way so they can enjoy a healthy and safe summer."

Exams are offered at a special $35 rate through Sept. 19, 2010. Additional charges may apply for more thorough exam requirements such as urinalysis. Insurance is not accepted for physical exams. Requirements for physicals vary by state and services are not available in Massachusetts.

Practitioners stamp any school or camp forms and reference the results provided on the official MinuteClinic patient summary. Copies of the summary can be faxed or mailed to primary care providers with patient permission. Typically this occurs within 24 hours.

More information and a list of MinuteClinic locations, go to www.minuteclinic.com.

In addition to offering camp, sports and college physicals, MinuteClinic also provides services to treat summertime ailments, including seasonal allergies, minor sunburn, swimmer's ear, poison ivy and deer tick bites, along with common family illnesses such as strep throat, pink eye and sinus infections. Minor wounds, abrasions and joint sprains are also treated, and common vaccinations such as influenza, tetanus, pneumovax, and Hepatitis A & B and meningitis are available at most locations.

About MinuteClinic

Source

MinuteClinic

CVS Caremark Progress Report to Congress: More Than One Million Youths Introduced to Pharmacy Career Paths Since 2000

CVS Caremark Newsroom — Wed, 26 May 2010 13:32:27 -0400

WOONSOCKET, R.I., May 26, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS), the nation's leading pharmacy health care provider, has surpassed its 10-year "Pathways to Pharmacy" goal of introducing one million youths to pharmacy as a potential career and met its target of $4 million in summer internship wages for high school students since 2000, the company reported today to Congress's Joint Economic Committee chaired by Rep. Carolyn B. Maloney of New York and with Sen. Charles E. Schumer of New York serving as Vice Chair from the Senate.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

The company provided this update in testimony to a Joint Economic Committee hearing entitled "Avoiding a Lost Generation: How to Minimize the Impact of the Great Recession on Young Workers." The hearing was called as part of Congress's effort to address the impact that the economic downturn has had on younger workers. Last month, one out of four teens (ages 16 to 19) was unemployed and one out of six younger adults (ages 20 to 24) was also jobless.

Created by CVS Caremark in partnership with the nonprofit group America's Promise in 2000 to encourage younger workers to consider careers in pharmacy, Pathways to Pharmacy is one of several CVS Caremark programs to receive national attention for its significant impact on workforce education in cities across the country. The summer internship component of Pathways to Pharmacy alone includes 1,800 teenagers in more than 40 cities every year. The six- to eight-week internships include classroom education on customer service and pharmacy science and hands-on experience at CVS/pharmacy stores. Some programs also include orientation sessions at local colleges of pharmacy. Following their internships, students are eligible to continue working at CVS/pharmacy and to work toward national certification as pharmacy technicians.

To illustrate the impact of programs like Pathways to Pharmacy, CVS Caremark Director of Workforce Initiatives Steve Wing today told the Joint Economic Committee about one young pharmacy technician at a CVS/pharmacy store in the Chicago area who came to the company through a Pathways to Pharmacy internship in 2006, the summer before her senior year in high school.

"Veronica, who is now 20, fell in love with the profession of pharmacy," Wing said. "She is now a junior at the University of Illinois at Chicago, with definitive plans to enroll in a four-year pharmacy school after she graduates. She has worked at the same CVS/pharmacy store since her internship, progressing from intern to pharmacy sales associate to certified pharmacy technician, her current position. Veronica's parents, who never graduated high school, are extremely proud of her. And as powerful as her story is, Veronica is one of countless outstanding CVS/pharmacy employees who came to us via Pathways to Pharmacy and stayed with us for years."

CVS Caremark's Senior Vice President and Chief Human Resources Officer Lisa Bisaccia noted that the thousands of talented and hard-working colleagues who have joined CVS Caremark through programs like Pathways to Pharmacy now are contributing directly to the company's success.

"Our investments in training and in workforce development have helped us meet the need for good jobs in the communities we serve while also meeting our own need for colleagues who can deliver the best customer service in our industry," she said. "Having seen the impact that Pathways to Pharmacy and other workforce initiatives have had for our company, we are happy to share what we have learned along the way with Congress and with the business community."

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

Contact

    Contacts
    Jim Hughes
    401-770-4334
    jhughes@cvs.com

    Sara Steindorf
    617-520-7259
    ssteindorf@webershandwick.com

CVS/pharmacy and National Council on Aging Educate New Hampshire Seniors on Medication Management and How to Save Money on Prescription Drugs

CVS Caremark Newsroom — Wed, 26 May 2010 10:27:24 -0400

MANCHESTER, N.H., May 26, 2010 /PRNewswire via COMTEX/ --Eight out of ten older Americans have at least one chronic health problem, such as high blood pressure or diabetes. According to CVS/pharmacy, fifty percent of seniors take an average of eight or more prescriptions regularly. With increased use of medications, both prescription and over-the-counter treatments, comes increased risk of adverse drug interactions and increased costs.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090129/NE64371LOGO )

To address this important issue, the National Council on Aging (NCOA) and CVS/pharmacy are bringing the Pack Your Bag(TM) medication consultation program to Manchester, New Hampshire. The program encourages seniors to pack a bag with their medications, including prescription drugs, over-the-counter medications, and dietary supplements for a comprehensive review in one-on-one consultations with a local CVS pharmacist. The program also includes a presentation by the pharmacist on improving health through medication compliance and advice on how to save money on medications.

A Pack Your Bag program is being held today at 10:00 a.m. at the William B. Cashin Senior Activity Center, 151 Douglas Street in Manchester and will offer seniors one-on-one medication consultations with CVS pharmacists. This event is just one of hundreds of similar Pack Your Bag events that are taking place across the country.

"We are working with CVS/pharmacy to help seniors find ways to reduce the cost burden of prescription drugs," said Barbara Vigneault, Director of Senior Services of the William B. Cashin Senior Activity Center. "We're pleased to present the Pack Your Bag program to the seniors in our community and help them find ways to save."

In over 5,000 Pack Your Bag consultations since the program's inception two years ago, CVS pharmacists have found:

* 7% of seniors were taking expired medications
* 15% were not taking medications as prescribed
* 10% were at risk for potential drug interactions
* 16% had the opportunity to switch to money-saving generics

"We recognize that many seniors in New Hampshire are struggling to make ends meet and to pay for necessary health care," said Nicole Harrington, R.Ph., Pharmacy Supervisor at CVS/pharmacy. "By speaking with a pharmacist about their entire medication regimen, seniors can identify cost-saving alternatives as well as any potential drug interactions."

The Pack Your Bag program is available nationwide to senior centers located within five miles of a CVS/pharmacy store location. Seniors can also visit their local CVS for a personal consultation with a pharmacist. To find the CVS/pharmacy nearest you, call 1-800-SHOP-CVS or visit CVS.com.

About the National Council on Aging

The National Council on Aging is a non-profit service and advocacy organization headquartered in Washington, DC. NCOA is a national voice for older Americans - especially those who are vulnerable and disadvantaged - and the community organizations that serve them. It brings together non-profit organizations, businesses and government to develop creative solutions that improve the lives of all older adults. NCOA works with thousands of organizations across the country to help seniors find jobs and benefits, improve their health, live independently and remain active in their communities. For more information, visit www.ncoa.org .

About CVS/pharmacy

Source

CVS/pharmacy

Contact

Jim Hughes         Sara Steindorf
CVS/pharmacy       Weber Shandwick
(401) 770-4334     (617) 520-7259
jhughes@cvs.com    ssteindorf@webershandwick.com

CVS Caremark Named to Conceive magazine's Annual List of 50 Best Companies for Fertility and Adoption Benefits

CVS Caremark Newsroom — Tue, 25 May 2010 10:28:34 -0400

WOONSOCKET, R.I., May 25, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) today announced that it has been named to Conceive magazine's annual "50 Best Companies" list, a showcase of employers who are leading the way in corporate America with their generous family-building benefits, despite the challenging economy.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

Released in the Summer 2010 issue of Conceive, and available on www.ConceiveOnline.com, the list highlights U.S. companies that offer their employees the best benefits for starting or adding to their families. The rankings are based on the company's fertility and adoption coverage, including benefits for assisted reproductive technology (ART) and in vitro fertilization (IVF), infertility prescription drugs, paid parental leave, and cash reimbursement towards adoption expenses.

"At CVS Caremark one of our goals is to be the best company to work for and we have implemented many programs and initiatives to help us achieve that goal," said Lisa Bisaccia, Senior Vice President and Chief Human Resources Officer, CVS Caremark. "We have developed our benefits package to support our employees' dreams of starting a family in a variety of ways. Whether our employees give birth or choose to adopt, we have benefits available to help support them throughout their journey."

"Companies like CVS Caremark are raising the bar on the fertility and adoption coverage being offered by U.S. employers," said Beth Weinhouse, editorial director of Conceive. "We salute their commitment to their employees, and their employees' families."

While CVS Caremark offers many family-friendly benefits - offering financial adoption assistance, paid and unpaid leave for birth and adoptive parents, and coverage for infertility diagnostic procedures, fertility medications and assisted reproductive technologies up to $20,000 per employee - most employers still have a long way to go. According to the Society for Human Resource Management (SHRM), the percentage of companies that include IVF coverage has dropped from 28 percent in 2006 to 23 percent in 2009; and the percentage that offer adoption assistance has dropped from 22 percent in 2006 to only 10 percent in 2009.

For a complete list of Conceive's "50 Best Companies" and the benefits they offer, visit www.ConceiveOnline.com.

About Conceive

Conceiveis the only media voice that educates and informs women as they negotiate a major turning point in their lives -- the process of becoming parents. Through the quarterly Conceive magazine, ConceiveOnline.com, the Conceive On-Air radio show, books, and newsletters, the Conceive brand empowers women by providing them with the information they need to make the right family-building decisions for themselves. Conceive is part of Bonnier Corp.'s Parenting Group, publisher of Parenting and Babytalk magazines.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy® stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

CVS Caremark to Present at the Sanford C. Bernstein Strategic Decisions Conference

CVS Caremark Newsroom — Thu, 20 May 2010 12:14:14 -0400

WOONSOCKET, R.I., May 20, 2010 /PRNewswire via COMTEX/ --CVS Caremark Corporation (NYSE: CVS) today announced that Tom Ryan, Chairman and Chief Executive Officer, and Per Lofberg, President of Caremark Pharmacy Services, will be making a presentation to investors at the Sanford C. Bernstein Strategic Decisions Conference on June 2, 2010. The Company is scheduled to speak at approximately 10:00 a.m. ET.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

MinuteClinic Opens Walk-in Health Care Centers Inside CVS/pharmacy Stores in Hanover and Quincy

CVS Caremark Newsroom — Wed, 19 May 2010 13:41:35 -0400

WOONSOCKET, R.I., May 19, 2010 /PRNewswire via COMTEX/ --MinuteClinic, the pioneer and largest provider of retail-based health care centers in the United States, has expanded its Massachusetts-based clinics to 20 with today's opening of two new MinuteClinic locations inside CVS/pharmacy stores in Hanover and Quincy.

The walk-in clinics are located at 207 Rockland Street in Hanover and 600 Southern Artery in Quincy and are open seven days a week with no appointment necessary. MinuteClinic has seven additional locations on the South Shore inside select CVS/pharmacy stores in Braintree, Bridgewater, Brockton, Fall River, Plymouth, Taunton and Weymouth. Additional Massachusetts MinuteClinic locations are: Ashland, Beverly, Cambridge, Danvers, Franklin, Maynard, Medford, Medway, Natick, Tewksbury and Westford.

"Since opening our first store-based clinic in Massachusetts in 2008, we have helped to expand access to high-quality, convenient and affordable care to thousands of residents who have visited us at convenient CVS/pharmacy locations near where they live and work," said Andrew Sussman, M.D., president, MinuteClinic and senior vice president/associate chief medical officer, CVS Caremark. "We are committed to working with the medical community in Massachusetts to build on the state's precedent-setting efforts to broaden access to quality health services."

MinuteClinic has had more than 50,000 patient visits in Massachusetts (not including flu shot visits) in less than two years.

MinuteClinic walk-in clinics are staffed by nurse practitioners who are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, Hepatitis A & B and pneumonia are also provided for adults ages 18 and older. Flu vaccines are offered throughout the season for patients 24 months and older. A collaborating physician (medical director) is on call during all hours of operation.

No appointments are required at MinuteClinic and most health insurance is accepted. For patients paying cash or credit, treatment prices are posted outside each health care center and on www.minuteclinic.com . The cost for most treatment is $62. MinuteClinic only serves patients over the age of 24 months in Massachusetts.

MinuteClinic nurse practitioners use a software program that at the conclusion of each visit generates educational material, an invoice and a prescription (when clinically appropriate) for the patient, as well as a diagnostic record that can be sent via electronic health record, fax or mail to a primary care provider with patient permission.

For patients without a primary care provider, MinuteClinic offers information on nearby primary care practices accepting new patients. About 70 percent of patients seen at MinuteClinic locations in Massachusetts do not identify a primary care provider.

MinuteClinic is an ideal solution for working parents who cannot afford time away from the workplace. MinuteClinic locations in Massachusetts are open Monday - Friday from 8 a.m. to 7 p.m., Saturday from 9 a.m. to 5:30 p.m. and Sunday from 10 a.m. to 5:30 p.m.

About MinuteClinic

MinuteClinic health care centers in Massachusetts are operated by MinuteClinic Diagnostic of Massachusetts, LLC

Source

MinuteClinic

MinuteClinic Names New Chief Nurse Practitioner Officer

CVS Caremark Newsroom — Thu, 20 May 2010 09:27:42 -0400

WOONSOCKET, R.I., May 19, 2010 /PRNewswire via COMTEX/ --MinuteClinic announced today that it has named Paulette J. Thabault, RNC, MS, JD, as its new Chief Nurse Practitioner Officer. In this role, Thabault will provide professional leadership to clinicians who staff MinuteClinic health centers and will help lead MinuteClinic's clinical and service excellence. MinuteClinic, the retail health care division of CVS Caremark (NYSE: CVS), is the largest provider of retail-based medical clinics in the United States.

Thabault has extensive health care and leadership experience and a career spanning more than thirty years. Most recently, she served as the State of Vermont Commissioner of Banking, Insurance Securities and Health Care Administration, where she oversaw financial services including health insurance, and was responsible for state planning for federal health insurance reform implementation, overseeing Vermont's hospitals and establishing requirements for transparency in health care quality and pricing. Previously, she was Vermont Deputy Commissioner of Health Care Administration and served as Vice President of Clinical and Legal Services for The Vermont Health Plan. Thabault also has had an outstanding clinical career as a Nurse Practitioner at Massachusetts General Hospital, where she also served as an administrative leader, and Harvard Community Health Plan. She earned her Master of Science in Nursing from Simmons College and a law degree from New England School of Law.

"We are very excited to have Paulette join the MinuteClinic team as our Chief Nurse Practitioner Officer," said Andrew Sussman, MD, President, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "She has had an impressive career that includes clinical practice and health care administration. She will be a tremendous leader for us as we continue to evolve the MinuteClinic model of health care."

MinuteClinic health care centers are staffed by nurse practitioners and physician assistants who specialize in family health care and are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumovax, and Hepatitis A & B are available at all locations. In addition, MinuteClinic administers a series of wellness services designed to help consumers identify lifestyle changes needed to improve their current and future health, including screenings and monitoring for diabetes, hypertension and obesity.

MinuteClinic was the first retail clinic to be re-accredited and earn the Joint Commission's Gold Seal of Approval(TM) for consecutive evaluation periods by having demonstrated compliance with The Joint Commission's national standards for health care quality and safety.

About MinuteClinic

Source

MinuteClinic

CVS Caremark to Participate in the Citi Investment Research 2010 Food & Drug Retail Conference

CVS Caremark Newsroom — Thu, 13 May 2010 12:37:10 -0400

WOONSOCKET, R.I., May 13, 2010 /PRNewswire via COMTEX/ --CVS Caremark Corporation (NYSE: CVS) today announced that members of its senior management team will be speaking to investors at the Citi Investment Research 2010 Food & Drug Retail Conference on May 25, 2010. Tom Ryan, Chairman and Chief Executive Officer, Larry Merlo, President and Chief Operating Officer, and David Denton, Executive Vice President and Chief Financial Officer, are scheduled to speak at approximately 12:30 p.m. ET.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO)

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark Corporation

CVS Caremark Announces CEO Succession Plan

CVS Caremark Newsroom — Wed, 12 May 2010 08:50:27 -0400

- Thomas M. Ryan Announces He Will Retire as CEO in May 2011
- Larry J. Merlo Named President and Chief Operating Officer and Joins Board of Directors
- Office of the Chairman Formed to Provide for Smooth Transition

WOONSOCKET, R.I., May 12, 2010 /PRNewswire via COMTEX/ --CVS Caremark Corporation (NYSE: CVS), today announced that Chairman, President and Chief Executive Officer Thomas M. Ryan will retire from his position as Chief Executive Officer of the Company at next year's Annual Meeting of Shareholders in May 2011.

The Board of Directors is appointing Larry J. Merlo, 54, as President and Chief Operating Officer, and anticipates Mr. Merlo will succeed Mr.Ryan as CEO. Mr. Merlo, a seasoned executive with 31 years of experience, including 20 with CVS, is also being elected to the Company's Board of Directors. Effective immediately, Mr. Merlo will assume additional responsibilities, including Human Resources, Legal, Corporate Compliance, and Government Relations. He most recently served as Executive Vice President of the Company and President of its CVS/pharmacy retail operations, overseeing a portfolio of more than 7,000 CVS/pharmacy locations with net revenues of over $55 billion. The Company is initiating a search for Mr. Merlo's successor as President of the CVS/pharmacy retail operations, considering both internal and external candidates. Mr. Merlo will continue to hold this responsibility until a successor is chosen.

The Company also said today that to facilitate the transition it has formed an Office of the Chairman including Mr. Ryan, Mr. Merlo and Per Lofberg, President of Caremark Pharmacy Services, the Company's pharmacy benefit management (PBM) business. Mr. Lofberg, a 30-year veteran of the PBM industry and former Chairman of Merck-Medco Managed Care LLC (which became Medco Health Solutions), joined CVS Caremark in January 2010 to strengthen the PBM business, expand its market position and further develop the Company's unique integrated healthcare model.

"I felt this was the right time to move forward with our transition plan," Mr. Ryan, 58, said. "In my 36 years with the Company, including 16 years as President, I have never felt better about our position than I do now. We have tremendous assets, an incredibly talented management team and a strategy that is resonating in the marketplace. I made my decision knowing that CVS Caremark is in an excellent position and that we have the right team in place to build on our success.

"The plan we are announcing today will provide for a smooth, seamless transition in the leadership of CVS Caremark," said Mr. Ryan. "Larry Merlo is a high-energy, customer-focused leader who has delivered outstanding results in every position he has held. He has worked alongside me for the past 20 years and has been instrumental in developing our vision for CVS Caremark as an integrated healthcare company. With his experience and proven track record, Larry is the ideal executive to lead our business forward. Moreover, in Larry and Per, we have two of the most talented and knowledgeable managers in the industry. With their complementary backgrounds, CVS Caremark is in excellent hands."

Terry Murray, Lead Director of CVS Caremark, said, "Tom's accomplishments at CVS Caremark have been nothing short of spectacular. Under his leadership, CVS has evolved from a regional drug store chain with revenues of $5 billion in 1994 to the nation's largest pharmacy health care provider with revenues approaching $100 billion. We thank Tom for all he has done over the past 36 years and look forward to his continued leadership during the transition period ahead."

Mr. Merlo added, "This is an exciting time for CVS Caremark as our integrated healthcare model gains further traction and we take full advantage of the opportunities to build on our unique market position. In my new role, I look forward to continuing our positive momentum and to further enhancing the long-term value of the Company. Tom has inspired our organization to achieve great things, and we look forward to building on his legacy."

The Company will hold its Annual Meeting of Shareholders today. Mr. Ryan's Company Update will be webcast for interested parties and accessible on the Company's website at http://info.cvscaremark.com/investors, beginning at approximately 9:15 am (ET).

About the Company:

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including over 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com/.

Forward-looking statements:

This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2009 and under the heading "Cautionary Statement Concerning Forward-Looking Statements" in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2010.

Source

SOURCE CVS Caremark Corporation

Contact

Investor Contact:
Nancy Christal
Senior Vice President
Investor Relations
(914) 722-4704

Media Contact:
Eileen Howard Dunn
Senior Vice President
Corporate Communications &
Community Relations
(401) 770-4561

CVS Caremark Releases 2009 Corporate Social Responsibility Report

CVS Caremark Newsroom — Tue, 11 May 2010 15:31:55 -0400

WOONSOCKET, R.I., May 11, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS), the largest pharmacy health care provider in the U.S., today released its 2009 Corporate Social Responsibility report, providing an overview of the company's business practices and its health care, workplace, environmental and community leadership during 2009.

"Updating our stakeholders on our progress as a company is important to us and we hope the Healthy Solutions 2009 Corporate Social Responsibility report helps people learn more about the many contributions CVS Caremark made last year as a corporate citizen through direct community investment, health care business practices, workforce investments and other activities designed to improve the quality of human life," said CVS Caremark Chairman, President and CEO Tom Ryan.

With the cost and effectiveness of health care a topic of importance to stakeholders, Healthy Solutions chronicles CVS Caremark's impact on public health in 2009. This effort included company investments that made seasonal and H1N1 flu vaccines more accessible to the public, that made prescriptions more affordable for the economically disadvantaged and that raised awareness of pressing public health issues such as the pervasive problem of prescription non-adherence.

The report also tells how CVS Caremark's more than 200,000 colleagues responded to community-service opportunities in 2009.

"CVS Caremark has a long tradition of giving back to our communities dating back to our roots as a regional New England retailer," Ryan said. "In 2009 we donated more than $79 million in cash, in-kind donations and volunteer hours to worthy organizations across the country like Feeding America, to which we gave a special $46 million in-kind donation to help sustain thousands of food banks and shelters last year."

Additionally, the Healthy Solutions report describes the company's multi-disciplinary effort to reduce its carbon footprint through strategies like environmentally friendly facilities design, an integrated approach to energy management and a supplier campaign to reduce unnecessary packaging. The report also documents the company's intention to participate in the Carbon Disclosure Project in 2010.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

SOURCE CVS Caremark

Contact

Investor Contact:
Nancy Christal
Senior Vice President
Investor Relations
(914) 722-4704

Media Contact:
Eileen Howard Dunn
Senior Vice President
Corporate Communications
(401) 770-4561

CVS Caremark Launches Program to Help Pharmacy Benefit Management Clients Improve Diabetes Care

CVS Caremark Newsroom — Tue, 11 May 2010 10:33:49 -0400

WOONSOCKET, R.I., May 11, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) today announced the launch of a new program aimed at strengthening pharmacy care for diabetes patients by improving member engagement through enhanced interactions with their pharmacists. The program is being offered to the company's pharmacy benefit management (PBM) clients for implementation in 2011 based on positive results from a recently completed pilot. In addition to achieving significant improvements in medication adherence rates and closing gaps in care, preliminary data also suggests the program can save employers on their health care benefit costs, with an estimated annual savings of nearly $600 per member with diabetes. In general, a client with 50,000 employees whose population has an average prevalence of diabetes could save approximately $3.3 million a year, or up to $6 million a year if there is a high prevalence of the disease.

The six-month pilot of the Pharmacy Advisor(TM) program was conducted in partnership with a large global steel company in which participating members with diabetes achieved significant improvements in closing gaps in care and medication adherence rates. The pilot program used a multi-step process to identify and counsel members about gaps in care and adherence issues. Results demonstrated that this process closed a significantly higher number of gaps in care compared to a control group who were not counseled (58 percent and 90 percent higher for phone and face-to-face counseling, respectively). In addition, members receiving counseling were more likely to be adherent in every targeted medication class.

"Diabetes is one of the most prevalent and expensive chronic diseases in the nation, costing the U.S. an estimated $174 billion a year," said Troyen Brennan, MD, MPH, EVP and Chief Medical Officer of CVS Caremark. "The Pharmacy Advisor program improves clinical care because we are able to identify and address pharmacy-related care issues that if left unattended could result in disease progression and increased health carecosts. We are also better able to engage the member in their care through multiple contact points, providing counsel that can improve adherence and help members optimize their pharmacy benefit and find the most cost effective options."

The Pharmacy Advisor program integrates the benefits of the PBM and the retail pharmacy to improve pharmacy care. The program applies industry-leading health information technology to identify members who are being treated for diabetes and engages them with highly targeted counseling and support through the channels they choose. Member outreach includes educational information, pharmacist-initiated phone calls, or face-to-face counseling with a pharmacist at a local CVS/pharmacy. In addition, evidence-based protocols are applied to review the member's current treatment and determine if there are gaps in care or issues with medication adherence. Members are also presented with options and solutions to enable them to get the most out of their pharmacy benefit and identify opportunities for cost savings. The company plans to expand Pharmacy Advisor program offerings to include other chronic diseases and types of interventions in the near future.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

SOURCE CVS Caremark

Contact

Media Contact:
Christine Cramer
CVS Caremark
(401)770 3317
ckcramer@cvs.com

Jon Tashjian
Weber Shandwick
(617) 520-7118
jtashjian@webershandwick.com

CVS/pharmacy Joins Forces with The 50 Million Pound Challenge to Help Americans Get Their Diabetes in Control

CVS Caremark Newsroom — Tue, 11 May 2010 09:33:50 -0400

WOONSOCKET, R.I., May 11, 2010 /PRNewswire via COMTEX/ --Nearly 24 million Americans - about one out of every 10 adults over the age of 20 - have diabetes(1). For those with the disease, keeping it in control is a lifelong challenge that requires the support of a knowledgeable healthcare team to advise on proper care, medication management, and the importance of healthy diet and exercise.

To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/cvs/43522/

Ninety percent of Type 2 diabetes sufferers are considered overweight(2), and because of this close link between diabetes and obesity, CVS/pharmacy is partnering with Dr. Ian Smith and the 50 Million Pound Challenge to help patients with diabetes gain better control of their disease. The partnership is part of a broader effort by CVS/pharmacy to support diabetes patients.

"Weight management is one important step in managing diabetes, and for those who have pre-diabetes, it can prevent further progress of the disease," said Dr. Smith. "If you're overweight, losing just five to ten percent of your body weight will improve diabetes control."

Monitoring Glucose Levels as a Measure of Control

Diabetes control is measured by blood glucose levels. In addition to daily self-testing to determine glucose levels, a quarterly A1C test is recommended to ascertain average glucose levels for the past two to three months. For people with diabetes, the American Diabetes Association measures control as A1C levels of less than seven percent.

To help patients monitor blood glucose levels in a manner that is convenient and reliable MinuteClinic healthcare centers within select CVS/pharmacy locations will administer free A1C tests, sponsored by Bayer Diabetes Care, now through June 12th. MinuteClinic recently introduced condition monitoring services for patients with diabetes and other conditions.

"Consistent monitoring is critical for diabetes patients, particularly for those who have related health issues like elevated cholesterol and high blood pressure," said Dr. Troyen A. Brennan, Chief Medical Officer for CVS Caremark. "Regular screenings are an important way to assess control of these conditions."

Helping to Manage Costs

Patients with diabetes, who often have additional health complications that require treatment, incur medical expenses almost two and a half times greater than the average for a non-diabetic. As a way to help lower diabetes care costs for patients and caregivers, CVS/pharmacy has launched the ExtraCare Advantage for Diabetes program that offers members discounts and rewards on the purchase of diabetes supplies.

CVS pharmacists are also available to counsel patients on ways to lower medication costs, such as switching to generics from brand-name medications. And, because of the high prevalence of related conditions, diabetes patients are often taking multiple medications. The pharmacist can play an additional role in helping patients manage their medications by counseling on side-effects, dosage timing and interactions in efforts to improve adherence.

"Diabetes is a manageable health condition and you can live a very full life despite the diagnosis," said Dr. Smith. "By working with your entire healthcare team to lower your glucose levels, managing weight through proper diet and exercise and taking medications properly, you can get your diabetes in control."

Patients can learn more about ways to manage their diabetes at www.cvs.com/diabetes and receive diabetes-related health and weight loss information at http://www.50millionpounds.com/.

About CVS/pharmacy

About The 50 Million Pound Challenge

About Dr. Ian Smith

(1) American Diabetes Association, 2007 National Diabetes Fact Sheet

(2) World Health Organization

Source

SOURCE CVS/pharmacy

CVS/pharmacy Launches ExtraCare Advantage for Diabetes(TM)

CVS Caremark Newsroom — Tue, 11 May 2010 09:23:14 -0400

WOONSOCKET, R.I., May 11, 2010 /PRNewswire via COMTEX/ --Today, CVS/pharmacy announces ExtraCare Advantage for Diabetes, a new program available to ExtraCare cardholders which provides savings and rewards on the purchase of over-the-counter diabetes-related products in addition to wellness education benefits. With the introduction of ExtraCare Advantage for Diabetes, CVS/pharmacy is taking the nation's largest retail loyalty program to the next level, by offering members the opportunity to sign up for this program.

For the nearly 24 million Americans with diabetes, expenses can quickly add up. It's estimated those affected by Diabetes spend two to three times more on medical expenses and supplies.

"With 25% of the US population affected by this disease, we understand how important it is for patients and caregivers to manage costs related to controlling diabetes," said Dr. Troyen A. Brennan, Chief Medical Officer for CVS Caremark. "The ExtraCare Advantage for Diabetes program is designed to help customers with diabetes, or caring for someone with the disease, to manage these rising healthcare costs."

Starting today, patients and caregivers can sign up for ExtraCare Advantage for Diabetes and earn double Extra Bucks on more than 100 products used to manage diabetes, from testing supplies like alcohol swabs and over-the-counter glucose test strips to batteries for glucose meters. In addition to earning double Extra Bucks that can be spent on almost anything in the store, patients and caregivers will receive special offers and discounts on their receipts and at the ExtraCare Coupon Center. A monthly e-newsletter that includes additional savings and tips on managing diabetes and maintaining a healthy lifestyle will be sent to all members.

"ExtraCare is our vehicle for delivering personalization and savings to CVS/pharmacy customers, so it was a natural next step to launch a health and wellness component offering extra benefits for the many Americans living with diabetes," said Rob Price, Senior Vice President Retail Marketing and Advertising and Chief Marketing Officer for CVS/pharmacy. By participating in the program, families can take advantage of the savings and benefits immediately and conveniently by using their ExtraCare Card."

Since its inception in 2000, CVS/pharmacy's ExtraCare loyalty programhas grown to more than 64 million active cardholders. ExtraCare cardholders earn 2% back on nearly all front store purchases and $1 for every two prescriptions filled. Rewards are paid back to customers quarterly as "ExtraBucks." ExtraBucks are like free CVS/pharmacy money, which can be used on nearly anything in the store. In addition to these quarterly rewards, each week certain items offer instant Extra Buck rewards on qualifying purchases.

To sign up for the ExtraCare Advantage for Diabetes program or to learn more, customers can visit their local CVS/pharmacy or go online towww.cvs.com/diabetes.

For customers looking for more ways to save, CVS/pharmacy recently launched a Twitter feed at http://www.Twitter.com/CVS_Extra.CVS/pharmacy's ExtraCare Twitter feed offers followers sneak peek deals, coupons, exclusive offers, advice from experts as well as a direct way to engage with the company and ExtraCare enthusiasts by sharing savings tips and feedback. For more information on the ExtraCareRewards program, please visit http://www.cvs.com/ExtraCare.

About CVS/pharmacy

CVS/pharmacy is the retail division of CVS Caremark Corporation (NYSE: CVS). The Company operates more than 7,000 CVS/pharmacy and LongsDrugs stores. CVS/pharmacy is committed to improving the lives of thosewe serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at http://www.cvscaremark.com/.

Source

SOURCE CVS/pharmacy

Contact

Erin Pensa of CVS/pharmacy, 401-770-4786, EPensa@cvs.com

CVS Caremark to Host Webcast of Annual Meeting of Stockholders

CVS Caremark Newsroom — Tue, 11 May 2010 09:17:52 -0400

WOONSOCKET, R.I., May 11, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) will hold its annual meeting of stockholders in Woonsocket, R.I. on Wednesday, May 12, 2010.

CVS Caremark will also be hosting a simultaneous audio webcast of the Company Update portion of the meeting on the Company's web site beginning at approximately 9:15 a.m. (EDT). To access the webcast or an archive of the meeting, visit the Company's Investor Relations web site at http://info.cvscaremark.com/investors. The archive will be available for a one-month period following the event.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

SOURCE CVS Caremark

Contact

Investor Contact:
Nancy Christal
Senior Vice President
Investor Relations
(914) 722-4704

Media Contact:
Eileen Howard Dunn
Senior Vice President
Corporate Communications
(401) 770-4561

CVS Caremark Charitable Trust Donates $100,000 to American Red Cross for Flood Relief Efforts in Southeastern U.S.

CVS Caremark Newsroom — Thu, 06 May 2010 13:54:39 -0400

WOONSOCKET, R.I., May 6, 2010 /PRNewswire via COMTEX/ --The CVS Caremark Charitable Trust announced today that it is donating $100,000 to the American Red Cross Disaster Relief Fund to support flood relief efforts in the Southeastern United States, including the states of Alabama, Mississippi and Tennessee.

"The Red Cross has implemented a coordinated effort to assist victims of these devastating floods and we are committed to supporting their efforts across the states that are impacted," said Eileen Howard Dunn, Vice President of the CVS Caremark Charitable Trust. "It is our hope that these funds will help these communities recover as quickly as possible."

"Flood waters can take days to recede and can wreak devastating damage on homes, and the Red Cross is grateful for support from the CVS Caremark Charitable Trust that will help us provide immediate relief as well as assistance over the long haul to enable people to get back on their feet," said Neal Litvack, chief development officer at the American Red Cross. "These contributions, along with the support of the American public, are critical during floods and similar disasters because they enable the Red Cross to provide help and hope to those in need."

In addition to the cash donation, the CVS Caremark Charitable Trust is donating more than $13,000 in food and personal care items to the Seventh Day Adventist Center in Albertville, AL and the American Red Cross in Nashville, TN. The donated product will be distributed to flood victims in these local communities.

About CVS Caremark Charitable Trust

The CVS Caremark Charitable Trust, Inc. is a private foundation created by CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States and the market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics. The mission of the CVS Caremark Charitable Trust is to provide funding for programs serving children with disabilities as well as nonprofits that provide health care services to the uninsured and medically at-risk populations. Learn more about the CVS Caremark Charitable Trust annual call for applications at www.cvs.com/community. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark Charitable Trust

Contact

CONTACT:
Mike DeAngelis
CVS Caremark Charitable Trust
401.770.2645
mjdeangelis@cvs.com

Free A1c Tests Available at MinuteClinic to Help Diabetes Patients Monitor Blood Sugar Levels

CVS Caremark Newsroom — Mon, 10 May 2010 17:31:37 -0400

WOONSOCKET, R.I., May 10, 2010 /PRNewswire via COMTEX/ --Patients with diabetes seeking convenient A1c monitoring can receive a complimentary test at walk-in MinuteClinic medical centers inside select CVS/pharmacy stores. The free A1c test, sponsored by Bayer Diabetes Care, is available through June 12, or while supplies last. No appointment is necessary and MinuteClinic is open seven days a week, including evenings and weekends.

In addition to daily self-testing of glucose levels, diabetics should receive regular A1c tests that measure their average blood glucose levels over a two to three- month period. The American Diabetes Association advises that patients keep their A1c level below seven percent.

"The hemoglobin A1c test is the best measure available to help the more than 24 million Americans with diabetes monitor their condition and prevent other health-related issues from arising," said Andrew Sussman, M.D., President, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "With hundreds of walk-in medical centers in stores located near where patients live and work, MinuteClinic is a tremendous resource for diabetics to receive lab testing and speak with a nurse practitioner about their health status."

As part of the complimentary A1c test, MinuteClinic practitioners will check a patient's vital signs, review medical history and administer the blood test. Results are available within five minutes and are discussed with the patient. A visit summary that includes the A1c test results is made available to primary care providers with patient permission. Visit summaries are typically sent within 24 hours via electronic medical record, fax or mail.

For a list of MinuteClinic locations where the complimentary A1c test is available, visit www.minuteclinic.com. A1c tests are not offered at MinuteClinic locations in Maryland, Massachusetts, Nevada and Pennsylvania.

MinuteClinic also offers comprehensive health condition monitoring services for individuals diagnosed with high cholesterol, high blood pressure and asthma.

In addition to monitoring services, MinuteClinic practitioners are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumovax, and Hepatitis A & B are available at most locations. Wellness and prevention services include camp, sports and college physicals as well as health care screenings. Most health care insurance is accepted for MinuteClinic services.

About MinuteClinic

Source

SOURCE MinuteClinic

CVS/pharmacy Completes Voluntary Recall of Certain Over the Counter Children's and Infant Products Issued by McNeil Consumer Healthcare

CVS Caremark Newsroom — Tue, 04 May 2010 09:13:43 -0400

WOONSOCKET, R.I., May 3, 2010 /PRNewswire via COMTEX/ --CVS/pharmacy announced today that it has completed the voluntary recall issued by McNeil Consumer Healthcare on Friday, April 30 for certain over the counter children's and infant liquid products.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090129/NE64371LOGO )

The Company implemented its product removal procedures for the affected items on Friday evening at all of its stores. To further protect its customers, CVS/pharmacy placed a block in its store register system to prevent the sale of any recalled items.

McNeil Consumer Healthcare initiated this voluntary recall because some of these products may not meet required quality standards. This recall is not being undertaken on the basis of adverse medical events. Consumers who have questions about this recall can contact McNeil Consumer Healthcare at 1-888-222-6036 or at www.mcneilproductrecall.com.

The following items have been removed by CVS/pharmacy. Customers who purchased any of these products at CVS/pharmacy may return them for a refund.

CONCENTRATED TYLENOL(R) INFANTS' DROPS 1 OZ GRAPE FLAVOR
CONCENTRATED TYLENOL(R) INFANTS' DROPS 1/2 OZ GRAPE FLAVOR
CONCENTRATED TYLENOL(R) INFANTS' DROPS CHERRY DYE FREE 1OZ
CONCENTRATED TYLENOL(R) INFANTS' DROPS 1/2 OZ CHERRY FLAVOR
CHILDREN'S TYLENOL(R) SUSPENSION 4 OZ. CHERRY BLAST FLAVOR
CHILDREN'S TYLENOL(R) SUSPENSION 4 OZ. GRAPE SPLASH
CHILDREN'S TYLENOL(R) SUSPENSION 4 OZ. BUBBLEGUM FLAVOR
CHILDREN'S TYLENOL(R) SUSPENSION 4 OZ. VERY BERRY STRAWBERRY FLAVOR
CHILDREN'S TYLENOL(R) PLUS SUSPENSION 4 OZ. COUGH & SORE THROAT CHERRY FLAVOR
CHILDREN'S TYLENOL(R) PLUS SUSPENSION 4 OZ. COUGH & RUNNY NOSE CHERRY FLAVOR
CHILDREN'S TYLENOL(R) PLUS SUSPENSION 4 OZ. FLU BUBBLEGUM FLAVOR
CHILDREN'S TYLENOL(R) PLUS SUSPENSION 4 OZ. COLD GRAPE FLAVOR
CHILDREN'S TYLENOL(R) PLUS SUSPENSION 4 OZ. COLD & ALLERGY BUBBLEGUM FLAVOR
CHILDREN'S TYLENOL(R) PLUS SUSPENSION 4 OZ. MULTI-SYMPTOM COLD GRAPE FLAVOR
CONCENTRATED MOTRIN(R) INFANTS' DROPS BERRY DYE FREE 1 OZ
CONCENTRATED MOTRIN(R) INFANTS' DROPS 1/2 OZ BERRY FLAVOR
CHILDREN'S MOTRIN(R) SUSPENSION 4 OZ. BERRY DYE FREE
CHILDREN'S MOTRIN(R) SUSPENSION 2 OZ. BERRY FLAVOR
CHILDREN'S MOTRIN(R) SUSPENSION 4 OZ. BERRY FLAVOR
CHILDREN'S MOTRIN(R) SUSPENSION 4 OZ. GRAPE FLAVOR
CHILDREN'S MOTRIN(R) SUSPENSION 4 OZ. BUBBLEGUM FLAVOR
CHILDREN'S ZYRTEC(R) 4 OZ. 1mg BUBBLEGUM SYRUP
CHILDREN'S ZYRTEC(R) DYE FREE 4 OZ. 1mg GRAPE SYRUP
CHILDREN'S BENADRYL(R) ALLERGY BUBBLEGUM FLAVORED LIQUID 4 OZ.

CVS pharmacists are available seven days a week to speak with customers about alternative pediatric products that are available, including CVS/pharmacy Brand products. CVS/pharmacy's high quality private label products contain the same active ingredients as national brand products and cost up to 30 percent less. All CVS/pharmacy Brand products have a 100% money back guarantee.

About CVS/pharmacy

Source

CVS/pharmacy

Contact

    CONTACT:
    Mike DeAngelis
    CVS/pharmacy
    401.770.2645
    mjdeangelis@cvs.com

MinuteClinic Forms Strategic Affiliation with Catholic Healthcare West in Phoenix

CVS Caremark Newsroom — Thu, 29 Apr 2010 12:10:17 -0400

WOONSOCKET, R.I. and PHOENIX, April 29, 2010 /PRNewswire via COMTEX/ --MinuteClinic, the retail health care division of CVS Caremark (NYSE: CVS), and Catholic Healthcare West (CHW), the eighth largest hospital provider in the nation, have entered into a clinical collaboration to enhance the high quality, affordable health care services they provide in communities throughout the Phoenix metropolitan area.

MinuteClinic has 10 walk-in medical clinics open seven days a week inside select CVS/pharmacy stores in the Phoenix region. The clinics are staffed by nurse practitioners who provide treatment for common family illnesses and administer wellness and prevention services and health condition monitoring. Catholic Healthcare West operates a not-for-profit network of hospitals and hospital-affiliated medical facilities throughout the Phoenix region, including St. Joseph's Hospital and Medical Center, Chandler Regional Medical Center and Mercy Gilbert Medical Center.

"This strategic collaboration will create a seamless linkage to CHW's broader continuum of care. CHW will continue to seek relationships with 'best-in-class organizations' that will provide the community with greater access to convenient, high quality health care services," said Scott Nordlund, CHW's Vice President, New Venture and Partnership Development.

"We share a common goal with Catholic Healthcare West to strengthen the Phoenix community by expanding access to high quality, affordable health care services in locations close to where people live and work," said Andrew Sussman, M.D., President, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "Through this agreement, Catholic Healthcare West will serve as a valuable resource to MinuteClinic nurse practitioners in Phoenix. We also look forward to collaborating with Catholic Healthcare West on information connectivity and a broad range of programs, including our new monitoring services and lab testing for diabetes, high blood pressure and high cholesterol and asthma patients."

Under the agreement, family physicians on the medical staff of a CHW hospital will serve as medical directors for MinuteClinic locations in Phoenix. In addition, MinuteClinic and CHW will collaborate on patient education and disease management initiatives and will inform patients of the services each offers. CHW will accept patients who need a level of care that is not provided at MinuteClinic. Signage at MinuteClinic locations will inform patients that each site is a clinical collaborator with Catholic Healthcare West.

Later this year, MinuteClinic and CHW will work to fully integrate their electronic medical record systems to streamline communication around all aspects of an individual's care. With patient permission, each CHW-affiliated MinuteClinic will share medical history and visit summaries with other CHW locations in Phoenix. In the meantime, MinuteClinic will continue its standard practice of sending visit summaries via fax or mail, typically within 24 hours.

MinuteClinic practitioners specialize in family health care and are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumovax, and Hepatitis A & B are available at most locations. Camp, sports and college physicals are among a range of wellness and prevention services at MinuteClinic that also include a series of screenings to help consumers identify lifestyle changes needed to improve their current and future health.

No appointments are required at MinuteClinic and most health insurance is accepted. Clinics in the Phoenix area are open Mon.-Fri., 8:30 a.m. to 7:30 p.m.; Sat. 9 a.m. to 5:30 p.m. and Sun. 10 a.m. to 5:30 p.m.

About Catholic Healthcare West

Catholic Healthcare West (CHW), headquartered in San Francisco, Calif., is a system of 40 hospitals and medical centers in California, Arizona, and Nevada. Founded in 1986, it is one of the nation's largest not-for-profit health care systems and the largest private hospital system in California. CHW is committed to delivering compassionate, high-quality, affordable health care services with special attention to the poor and underserved. The CHW network of nearly 10,000 physicians and approximately 54,000 employees provides health care services to more than five million people annually. In 2009, CHW provided nearly $1.2 billion in charity care, community benefit, and unreimbursed patient care. CHW facilities in Arizona include Chandler Regional Medical Center, Mercy Gilbert Medical Center, St. Joseph's Hospital and Medical Center and Barrow Neurological Institute, CHW Urgent Cares in Ahwatukee, Gilbert and Queen Creek, Warner Outpatient Surgery and the Arizona Orthopedic Surgical Hospital. For more information, please visit our website at www.chwHEALTH.org.

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence, with approximately 500 locations in 25 states and the District of Columbia. By creating a health care delivery model that responds to consumer demand, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than seven million patient visits, with a 95% customer satisfaction rating. MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceed the national guidelines established for store-based clinics. MinuteClinic is the first retail health care provider to receive accreditation (2006) and reaccreditation (2009) from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit www.MinuteClinic.com.

Source

MinuteClinic

CVS Caremark and Horizon Blue Cross Blue Shield of New Jersey Study Finds Many Patients With Chronic Illnesses are Not Filling Initial Prescriptions

CVS Caremark Newsroom — Thu, 29 Apr 2010 12:14:41 -0400

WOONSOCKET, R.I. and NEWARK, N.J., April 29, 2010 /PRNewswire via COMTEX/ --A significant number of patients with chronic illnesses are not filling their prescriptions according to a new study conducted by CVS Caremark (NYSE: CVS) and Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ). The study, published this week in the American Journal of Pharmacy Benefits, found that more than 20 percent of patients who were prescribed asthma controllers and over 34 percent of patients who were prescribed medications for high cholesterol did not fill their initial prescriptions.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

"Most previous studies on primary nonadherence have depended upon patient self-reporting or focused on hospital populations that could be tracked more closely," said Joshua N. Liberman, Vice President of Strategic Research at CVS Caremark and the study's primary author. "With the increasing use of e-prescribing we can now get a more accurate picture of how many members fail to fill that first prescription and insights into factors associated with that failure."

"By analyzing e-prescribing data we now have a very clear picture of how many patients are not filling their prescriptions," said Richard Popiel M.D., Vice President and Chief Medical Officer for Horizon BCBSNJ. "The study shows that there needs to be more education and intervention to ensure patients understand the importance of adhering to prescribed medical protocols."

The review by CVS Caremark looked at e-prescriptions written by 507 doctors in the Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) network between January 2006 and October 31, 2006. The intent of the study was to determine the extent and cause of primary nonadherence for people prescribed medications for high cholesterol and asthma. The study reviewed only e-prescriptions written for the two chronic illnesses, which gives a clearer indication of those not filling their initial prescription because electronic orders reach drug stores immediately and claims data shows which prescriptions are picked up -- or not.

The study indicates that the issue of nonadherence is larger than previously thought; and highlights the need for additional education efforts and intervention programs to improve the likelihood of patients adhering to the protocols prescribed by their doctor.

Non-adherence to essential chronic medications has been widely recognized as a major public health problem in studies published in medical journals. Past studies show one-quarter of people receiving prescriptions never fill their first prescription, and patients with chronic diseases such as diabetes and coronary artery disease adhere to their ongoing medication regimen about half of the time. Non-adherence to essential medications is a frequent cause of preventable hospitalizations and patient illness, with costs to the U.S. health care system estimated at about $300 billion annually.

CVS Caremark has launched a multi-year effort to better understand why some people stop taking their medications. Among the efforts are a three-year collaboration with researchers from Harvard and Brigham and Women's Hospital to study pharmacy claims data to better understand patient behavior around medication adherence and the launch of a Behavior Change Research Partnership led by experts from Carnegie Mellon University, Dartmouth University's Tuck School of Business and the University of Pennsylvania Medical School and The Wharton School of Business. The CVS Caremark and Harvard collaboration is also looking at adherence through the lens of e-prescribing, among other topics.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan participants in behaviors that improve their health and to lower overall health care costs for plan sponsors and participants. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics. We are also a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefit managers (PBMs), we provide access to a network of approximately 60,000 pharmacies, including approximately 7,000 CVS/pharmacy stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

About Horizon BCBSNJ

Horizon Blue Cross Blue Shield of New Jersey, the state's oldest and largest health insurer, is a not-for-profit health services corporation. Horizon BCBSNJ serves over 3.6 million members and is headquartered in Newark with offices in Wall, Mt. Laurel, and West Trenton.
Horizon BCBSNJ provides a wide variety of health and dental insurance products and services, including Medicare and Medicaid products, for businesses and individuals. Horizon BCBSNJ is an independent licensee of the Blue Cross Blue Shield Association. Learn more at www.HorizonBlue.com.

Source

CVS Caremark

Contact

    Media Contact:
    Christine Cramer Daniel Emmer                 Jon Tashjian
    CVS Caremark     Horizon BCBSNJ               Weber Shandwick
    (401) 770-3317   (973) 466-4805               (617) 520-7118
    ckcramer@cvs.com Daniel_Emmer@HorizonBlue.com jtashjian@webershandwick.com

CVS Caremark Corporation to Hold First Quarter 2010 Conference Call

CVS Caremark Newsroom — Wed, 21 Apr 2010 13:07:55 -0400

WOONSOCKET, R.I., April 21, 2010 /PRNewswire via COMTEX/ --CVS Caremark Corporation (NYSE: CVS) will be holding a conference call on Tuesday, May 4, 2010, at 8:30 a.m. (ET) with analysts and investors to discuss its first quarter 2010 financial results.

An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Caremark website for all interested parties. To access the webcast, visit http://info.cvscaremark.com/investors. This webcast will be archived and available on the web site for a one-month period following the conference call.

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan participants in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors, and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

Contact



    Investor Contact:
    Nancy Christal
    Senior Vice President
    Investor Relations
    914/722-4704
    or
    Media Contact:
    Eileen Howard Dunn
    Senior Vice President
    Corporate Communications & Community Relations
    401/770-4561

CVS Caremark Patient Survey Finds Specialty Pharmacies Instrumental in Encouraging Medication Adherence

CVS Caremark Newsroom — Tue, 20 Apr 2010 09:11:21 -0400

WOONSOCKET, R.I., April 20, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) today announced results of a survey of the company's specialty pharmacy patients that provides insights into their views on medication adherence and their perceptions about the role of their specialty pharmacy. The survey results show nearly 70 percent of respondents believe their specialty pharmacy team played an important role in encouraging them to take their specialty medications as prescribed. This placed the specialty pharmacy team at the forefront of managing adherence for these patients, behind only the patient's physician and his/her staff and the patient's friends and family in terms of influence.

Specialty pharmaceuticals are typically injectable or infused drugs requiring special handling and used in the management of chronic, rare and complex conditions such as multiple sclerosis or rheumatoid arthritis. Because these medications are often expensive, generally require special handling, require training for proper administration and can cause bothersome side effects, patients can face many barriers to medication adherence and persistency.

"Our patients' belief that their specialty pharmacy team plays a key role in adherence, along with results showing that 93.5 percent of patients indicated that they were satisfied with CVS Caremark Specialty Pharmacy services, clearly validate the benefits of the patient-focused, high-touch services we provide," said Scott Reid, PharmD, Senior Vice President, CVS Caremark Specialty Pharmacy Operations. "This support begins when a patient first enrolls with CVS Caremark Specialty Pharmacy, and is assigned a pharmacist-led Care Team that provides personalized care and therapy management including ongoing counseling, education and adherence management."

While the survey found that the vast majority of patients surveyed indicated that they take their specialty medications as prescribed (97 percent) and believe that taking their medications as prescribed is important to maintain their quality of life (96 percent), patients still identified a variety of factors that impacted their medication adherence, including: cost/state of the economy (32 percent), changes to the patient's schedule or routine (19 percent) and side effects (12 percent). In addition, while results varied depending on the therapies prescribed, those respondents taking a medication for the treatment of Rheumatoid Arthritis or Multiple Sclerosis who agreed that their specialty pharmacy team and/or specialty pharmacist is important in encouraging them to take their medications as prescribed were 35.9 percent less likely to stop therapy than those who did not recognize the role of the specialty pharmacy.

CVS Caremark Specialty Pharmacy Care Teams are comprised of pharmacists and pharmacy service representatives. These professionals are focused on the treatment of a particular condition and undergo extensive training and education related to their therapeutic area. This team works directly with the patient at the start of therapy to coordinate a comprehensive overview, including: review of dosing and medication schedules, discussion of side effects and how to manage or alleviate them, review of potential drug/drug or drug/food interactions, assessment of the patient's ability to self-administer medication and identification of potential barriers to care. The Care Team reinforces the physician's instructions to make sure the patient safely and effectively administers their prescribed medication. In addition, the team also works to positively impact patient adherence by proactively calling patients to identify gaps in adherence to their regimen. When indicated, Care Team members will use strategies and tactics to encourage and enable their patient to return to their prescribed regimen, and will also communicate with the patient's physician to discuss an appropriate course of action.

The survey was completed in August 2009 and includes responses from more than 700 telephone interviews conducted by The Olinger Group an external market research firm. Survey participants were randomly selected and represented patients on three drug classes, including human growth hormone (HGH), multiple sclerosis (MS) and rheumatoid arthritis (RA).

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

CVS Caremark

Contact

Media Contact:
Christine Cramer                          Jon Tashjian
CVS Caremark                              Weber Shandwick
(401)770 3317                             (617) 520-7118
ckcramer@cvs.com                          jtashjian@webershandwick.com

CVS Caremark Ranks 18th on 2010 Fortune 500 List

CVS Caremark Newsroom — Fri, 16 Apr 2010 13:31:16 -0400

WOONSOCKET, R.I., April 15, 2010 /PRNewswire via COMTEX/ --CVS Caremark, the largest pharmacy health care provider in the United States, announced today that FORTUNE magazine has ranked the company 18th on the 2010 FORTUNE 500 list, the magazine's annual list of U.S. Companies ranked by revenue, and #1 in its industry sector.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

"We are proud to deliver quality pharmacy health care services to millions of consumers and health plan members," said Tom Ryan, Chairman, President and CEO of CVS Caremark. "The success of our business model is based on our ability to bring unique perspectives to the challenge of improving health outcomes while managing costs. As we continue to design new approaches to delivering pharmacy services in both retail and pharmacy benefit management settings and as we continue to advance the health care community's understanding of how prescription drugs can be used more effectively, we are excited about the prospects for long-term growth."

Today's ranking follows FORTUNE's recent naming of CVS Caremark as the #1 most-admired company in its industry, the Food and Drug Stores sector, as part of the magazine's annual listing of the World's Most Admired companies. CVS Caremark also was named to the 100 Best Corporate Citizens List published earlier this year by Corporate Responsibility Magazine.

The full FORTUNE 500 list and related stories appear in the May 3 issue of FORTUNE, available on newsstands Monday, April 19, and now at fortune.com/500.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

Contact

    Investor Contact:                         Media Contact:
    Nancy Christal                            Eileen Howard Dunn
    Senior Vice President                     Senior Vice President
    Investor Relations                        Corporate Communications
    (914) 722-4704                            (401) 770-4561

MinuteClinic Helps Patients Breathe Easy and Take Control of Their Seasonal Allergies

CVS Caremark Newsroom — Fri, 16 Apr 2010 13:33:32 -0400

WOONSOCKET, R.I., April 15, 2010 /PRNewswire via COMTEX/ --As trees blossom and shed their pollen and grasses and weeds germinate in yards and fields across America, allergy sufferers are retreating indoors with seemingly no relief in sight. MinuteClinic, the walk-in medical clinic inside select CVS/pharmacy stores, can help patients breathe easier and take control of their allergies this spring with treatment services available seven days a week, including weekday evening hours.

"It's simple to suggest to allergy sufferers that they stay indoors and turn on the air conditioning, but for most, that's not a practical solution, especially when they want to mow the lawn, plant a garden and or see a child's Little League game," said Andrew Sussman, M.D., President, MinuteClinic and Senior Vice President/ Associate Chief Medical Officer, CVS Caremark. "MinuteClinic practitioners can assess a patient's condition and recommend an appropriate course of treatment that may include prescription medications to provide relief and clear nasal pathways before they become overly inflamed."

Allergies are one of the most common yet overlooked diseases in the United States. An estimated 40 million Americans suffer from seasonal indoor/outdoor allergies according to the Asthma and Allergy Foundation of America.

When visiting MinuteClinic - where no appointment is necessary - a nurse practitioner or physician assistant who specializes in family health care sees allergy sufferers. The practitioner provides a thorough exam that focuses on the patient's eyes, nasal passage, throat and lungs to determine the extent of allergy-related irritation, inflammation and blockage. Treatment options may include over-the-counter recommendations such as nasal saline and eye drops along with prescriptions when clinically appropriate. Effective prescription therapies may include antihistamines, decongestants, steroid nasal sprays and anti-inflammatory medications.

MinuteClinic practitioners are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumovax, and Hepatitis A & B are available at most locations.

Spring allergy exams at MinuteClinic are $62 and are covered by most health care insurance. A MinuteClinic visit summary, which includes the results of any lab tests performed, is provided to primary care providers with patient permission. Visit summaries are typically sent within 24 hours via electronic medical record, fax or mail.

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence, with approximately 500 locations in 25 states and the District of Columbia. By creating a health care delivery model that responds to consumer demand, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than six million patient visits, with a 95% customer satisfaction rating. A recognized leader in the patient-centric health care movement, MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceed the national guidelines established for store-based clinics. MinuteClinic is the first retail health care provider to receive accreditation (2006) and reaccreditation (2009) from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit www.MinuteClinic.com.

Source

MinuteClinic

CVS/pharmacy to Provide Free Health Screenings in Urban Communities With 'To Your Health' Program

CVS Caremark Newsroom — Fri, 16 Apr 2010 13:36:14 -0400

WOONSOCKET, R.I., April 15, 2010 /PRNewswire via COMTEX/ --CVS/pharmacy, the nation's leading retail pharmacy, announced today the introduction of the "To Your Health" program, offering free health screenings and consultations. The national community program is part of efforts by CVS/pharmacy to improve access to preventative care in urban communities. Starting April 17, CVS/pharmacy will host nearly 300 "To Your Health" events in Atlanta, Philadelphia, and Washington, DC.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090129/NE64371LOGO )

"To Your Health" fairs will provide screenings for diabetes, blood pressure, cholesterol, bone density (osteoporosis) and vision, with dental and chiropractic screenings available in select locations. Each event will also offer doctor consultations, medication review with a CVS pharmacist, and referrals for mammograms and pap smears. No appointment is necessary.

The events are an extension of the successful CVS/pharmacy "A Su Salud" program, which has brought similar services to Hispanic customers in markets such as Los Angeles, Dallas, Houston, and Miami. In particular with the "To Your Health" program, CVS/pharmacy hopes to address critical health issues among African Americans, who often have higher rates of diabetes and high blood pressure. For example, the rate of diabetes among African Americans is 11.8% (vs. 6.6% of non-Hispanic whites), according to the American Diabetes Association.

"Chronic diseases like diabetes disproportionately affect the African American population and early detection can make a tremendous difference for a disease that must be managed for a lifetime," said Troyen Brennan, M.D., Chief Medical Officer for CVS Caremark. "We urge patients to find out if their blood glucose, blood pressure, and cholesterol are within a healthy range."

In 2009, CVS/pharmacy screened over 195,000 attendees at A Su Salud events across the country. Of the individuals screened, many health concerns were discovered, including:

* 33 percent had high cholesterol
* 36 percent had a high to moderate risk of developing osteoporosis
* 28 percent had hypertension
* 22 percent had diabetes, with more than half being diagnosed with diabetes for the first time

Once screened, CVS/pharmacy helps patients through on-site consultations with physicians who analyze the results and refer patients to no-cost, low-cost medical facilities nearby or to their primary care physician should additional follow-up be required.

"To Your Health" will kick off in Atlanta on April 17; Washington, DC on June 12; and Philadelphia on June 19. For more information, and a full calendar of "To Your Health" events, please go to www.toyourhealthusa.com or call 888-604-0333.

About CVS/pharmacy

Source

CVS/pharmacy

Contact

    Carolyn Castel
    CVS/pharmacy
    401-770-5717
    ccastel@cvs.com

    Ayona Anderson
    The Axis Agency
    469-375-0302
    aanderson@theaxisagency.com

    Rachel Walt
    Weber Shandwick
    617-520-7254
    lrwalt@webershandwick.com

CVS Caremark Examining Consumer Mindset and Why Some Patients Stop Taking their Medicine

CVS Caremark Newsroom — Tue, 13 Apr 2010 09:40:57 -0400

WOONSOCKET, R.I., April 13, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) today announced the results of a study of why some patients who say they want to be adherent to their medications still stop taking them. The company enlisted psychologists for its newest study to find out if individuals know what is motivating them to stop taking medicine, or if they don't recognize assumptions they are making that are prompting them to stop.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

The study was conducted by Minds at Work of Cambridge, MA, a company founded by Harvard University psychologists. Their work included extensive pre-interviews to find a sampling of patients who said that even though they wanted to follow doctors' orders, they stopped taking prescription medicines for reasons they did not fully understand. The psychologists conducted hour-long, "hidden motivations" interviews with those individuals to understand the underlying cause of their actions.

Among the findings were:

Twenty-four percent came to see that taking prescribed medications interfered with personal priorities like taking care of family members, compromising social aspects of their lives or finding it to be just another in a long line of chores to keep track of.
Twenty-one percent came to seetaking their medicine made them feel like they were losing control of their lives and sometimes by stopping their medicine they felt they were resisting authority.
Seventeen percent came to see they felt taking medicine gave them an unfavorable identity, made them feel old or they wanted others to view them in a more favorable light.
Sixteen percent came to see they felt they knew better than their doctors what was good for them; some believed they should take care of their health through exercise and diet.
Sixteen percent came to see they were wary of the health care and pharmaceutical industries and did not want to become dependent on medications or suffer unknown side-effects.
Six percent came to see theydid not want to change their personal routines, so they simply put off taking their medications.

"We are looking at patient non-adherence from every angle in an effort to solve this problem," said Dr. Troyen A. Brennan, MD, MPH, Executive Vice President and Chief Medical Officer of CVS Caremark. "We are working with researchers to study claims data. We launched a research partnership with behavioral economists and social marketing experts to understand patient behavior. This review by psychologists adds to those efforts and gives us yet another view of consumers as we work to improve pharmacy care."

In addition, CVS Caremark is continually testing new communications strategies and new programs to drive adherence among its PBM population, taking results of this study and other initiatives into consideration to develop programs that might help improve adherence rates.

The work complements CVS Caremark's previously announced three-year collaboration with Harvard and Brigham and Women's Hospital to research pharmacy claims data to better understand patient behavior around medication adherence. In addition, earlier this month the company launched a Behavior Change Research Partnership with academic leaders from Carnegie Mellon University, Dartmouth College's Tuck School of Business and the University of Pennsylvania's Medical School and Wharton School of Business to develop insights into consumer actions around health challenges through the lens of behavioral economics and social marketing.

CVS Caremark is undertaking these studies because patient non-adherence to essential chronic medications is widely recognized as a barrier to improving public health and a cause of increasing medical costs. Past studies show one-quarter of people receiving prescriptions never fill their first prescription, and patients with chronic diseases such as diabetes and coronary artery disease adhere to their ongoing medication regimen only about half of the time. Non-adherence to essential medications is a frequent cause of preventable hospitalizations and patient illness, with costs to the U.S. health care system estimated at about $300 billion annually.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

Contact

    Contacts:
    Jon Sandberg                          Nancy Christal
    Corporate Communications              Senior Vice President
    (401) 770-4914                        Investor Relations
                                          (914) 722-4704

CVS Caremark Research Highlights Successful Approaches for Improving Medication Adherence and Reducing Drug Spend

CVS Caremark Newsroom — Wed, 07 Apr 2010 09:32:46 -0400

WOONSOCKET, R.I., April 7, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) presented data at the 22nd Annual Meeting of the Academy of Managed Care Pharmacy (AMCP) that illustrate successful methods for improving adherence to medication and lowering prescription drug costs. The company showed results from three studies which demonstrated the positive impact of various tools available to pharmacy benefit managers (PBMs) - including automated telephonic messaging, fax alerts to physicians about gaps in care, and strategic co-pay waivers for generic medications.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO)

"Poor medication adherence is frequently at the root of preventable hospitalizations and patient illness and the resulting costs to the U.S. health care system have been estimated to be a staggering $300 billion annually," said Troyen A. Brennan, M.D., Executive Vice President and Chief Medical Officer of CVS Caremark. "These studies show that pharmacy benefit managers can employ a variety of tools to encourage medication adherence and close key therapy gaps, resulting in both improved health outcomes as well as opportunities for cost savings for both the plan sponsor and the member."

One of the CVS Caremark studies examined the effectiveness of Interactive Voice Response (IVR) programs in improving persistency to maintenance medication therapies dispensed via mail-service pharmacy. From October 2008 to February 2009, more than 94,000 commercially-insured mail pharmacy users received various combinations of supportive adherence messages delivered by IVR. Results showed that among members who answered the telephonic IVR, odds of refilling the prescription were up to 70.6 percent higher than controls. In addition, among members receiving early refill reminders the average first fill persistency rate (FFPR) at mail was 3.5 percent higher than controls, while the average FFPR was 1.4 percent higher than controls for members receiving refill reminders after their drug supply was exhausted.

A second study examined the effectiveness of faxed alerts to physicians in resolving potential gaps in therapy in three areas: 1) adding an osteoporosis-preventative agent for women on long-term glucocorticosteroids; 2) adding an ACE inhibitor or ARB for adults with hypertension and diabetes; and 3) adding a lipid-lowering agent for individuals 30 years or older with diabetes. During the study period, a total of 337 employers and health plans, representing more than five million members, participated in a program that delivered fax alerts to providers when members' pharmacy claims indicated the absence of a recommended therapy in one of the areas outlined above.

In this study, interventions were conducted between January 1 and March 30, 2009, with gap closure rates measured through September 30, 2009. Results showed that gap closure rates among members whose physician received a fax alert, were significantly higher than controls. For those members whose claims triggered an osteoporosis alert, gap closure rates were 8.4 percentage points higher than controls, those who triggered an anti-hypertensive therapy alert had gap closure rates 5.5 percentage points higher and those who triggered a cholesterol management alert had gap closure rates 4.5 percentage points higher.

A third study examined the effectiveness of generic co-pay waiver programs designed to provide incentives for members using brand medications to switch to generics. Members using targeted brands were given a six-month period during which they could change to a recommended generic medication and receive generic co-pay waivers at mail. Members who converted to a generic early in the six-month period received two generic co-pay waivers (i.e. on medication for six months). Members who delayed their generic conversion until the end of the six-month period received one generic co-pay waiver (i.e. on medication for three months). The study focused on members who continued therapy with the generic after using the co-pay waiver(s) and found an overall higher sustained generic dispensing rate (GDR) for members who received two co-pay waivers (GDR of 88.2 percent) compared to members who received one co-pay waiver (GDR of 71.7 percent).

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

Contact

    Media Contact:
    Christine Cramer              Jon Tashjian
    CVS Caremark                  Weber Shandwick
    (401) 770-3317                (617) 520-7118
    ckcramer@cvs.com              Jonathan.Tashjian@webershandwick.com

CVS Caremark Charitable Trust Donates $100,000 to American Red Cross for Flood Relief Efforts in Rhode Island

CVS Caremark Newsroom — Mon, 05 Apr 2010 10:15:07 -0400

WOONSOCKET, R.I., April 5, 2010 /PRNewswire via COMTEX/ --The CVS Caremark Charitable Trust announced today that it is donating $100,000 to the American Red Cross to support flood relief efforts across Rhode Island.

"This week's floods made a devastating impact on Rhode Island and we want to do everything we can to help the state and its residents recover as quickly as possible," said Eileen Howard Dunn, Vice President of the CVS Caremark Charitable Trust. "The CVS Caremark Charitable Trust and the American Red Cross have partnered many times over the years on disaster relief efforts and we are pleased to support the critical aid they are providing to flood victims in Rhode Island."

"This is just the latest example of CVS Caremark's commitment to our communities across Rhode Island," said Kevin Smith, Volunteer Board Chair of the American Red Cross Rhode Island Chapter. "We are extremely gratified that this generous contribution enables the Red Cross to assist our neighbors whose lives have been disrupted by this terrible devastation."

About CVS Caremark Charitable Trust

About American Red Cross Rhode Island Chapter

The American Red Cross Rhode Island Chapter is a volunteer led humanitarian organization that provides immediate relief to individuals affected by disaster, and helps people prevent, prepare for, and respond to emergencies. It accomplishes this mission through services that are consistent with its Congressional Charter and the Fundamental Principles of the International Red Cross movement. For more information, please visit www.riredcross.org.

Source

CVS Caremark Charitable Trust

CVS Caremark Receives URAC Accreditation for Mail Service Pharmacy

CVS Caremark Newsroom — Fri, 02 Apr 2010 09:18:32 -0400

WOONSOCKET, R.I., April 1, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) announced today that it has been awarded Mail Service Pharmacy accreditation from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090129/NE64371LOGO )

"CVS Caremark is pleased to receive this accreditation," said Chris Luthin, Executive Vice President, Operations Management, Caremark Pharmacy Services. "This demonstrates the company's ongoing focus and commitment to provide outstanding service and improve the customer experience through our mail pharmacy services."

"By applying for and receiving URAC accreditation, CVS Caremark has demonstrated a commitment to quality health care," said Alan P. Spielman, URAC President and CEO. "Quality health care is crucial to our nation's welfare and it is important to have organizations that are willing to measure themselves against national standards and undergo rigorous evaluation by an independent accrediting body."

URAC offers the only third-party, voluntary accreditation program of this scope for the pharmacy benefit management and prescription services industry. All standards were developed by URAC's Pharmacy Advisory Committee, which includes a wide range of stakeholders: employers, consumers, pharmacy consultants, health plans, retail pharmacy, pharmacy benefit management organizations, pharmacy professional organizations, labor, and large public purchasing groups.

About URAC

An independent, nonprofit organization, URAC is a leader in promoting health care quality through accreditation and certification programs. URAC's standards keep pace with the rapid changes in the health care system, and provide a mark of distinction for health care organizations to demonstrate their commitment to quality and accountability. Through its broad-based governance structure and an inclusive standards development process, URAC ensures that all stakeholders are represented in setting meaningful standards for the health care industry. For more information, visit www.urac.org.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

Contact

    Media Contact:
    Christine Cramer           Jon Tashjian
    CVS Caremark               Weber Shandwick
    (401) 770 3317             (617) 520-7118
    ckcramer@cvs.com           jtashjian@webershandwick.com

MinuteClinic Offers New Health Condition Monitoring Services for Patients With Diabetes, High Cholesterol, High Blood Pressure and Asthma

CVS Caremark Newsroom — Thu, 01 Apr 2010 11:02:57 -0400

WOONSOCKET, R.I., April 1, 2010 /PRNewswire via COMTEX/ --MinuteClinic, the largest provider of retail-based medical clinics in the United States, has introduced a series of convenient health condition monitoring services to help patients previously diagnosed with diabetes, asthma, high cholesterol and high blood pressure overcome the challenges of living with their conditions. Health condition monitoring is available at MinuteClinic locations in CVS/pharmacy stores in 20 states and the District of Columbia. MinuteClinic is the retail health care division of CVS Caremark (NYSE: CVS).

The new monitoring services, called Monitoring Made Easy(TM), are performed by MinuteClinic nurse practitioners and physician assistants. They are designed to support patients with ongoing health conditions in between visits to their primary care provider or to provide assistance to patients who may not receive regular care.

MinuteClinic will send all health care monitoring results to a primary care provider with patient permission. Visit summaries are sent via electronic medical record or fax, typically within 24 hours. In addition, MinuteClinic practitioners will help patients locate a primary care provider in the community if they do not have one. A collaborating physician (medical director) is on call during MinuteClinic operating hours.

"There are millions of Americans who are overwhelmed by the difficulties associated with caring for their diabetes, asthma, high cholesterol and high blood pressure," said Andrew Sussman, M.D., President, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "These patients must navigate the health care system on their own and often face enormous time and cost commitments that can sometimes keep them from getting the care they need.

"By providing health condition monitoring at MinuteClinic, our goal is to be a convenient and affordable resource where patients can not only receive an exam and regular lab tests, but also spend meaningful time with a practitioner to obtain advice and have questions about their condition and medication answered."

Monitoring Made Easy services at MinuteClinic are available seven days a week, including weekday evening hours; no appointment is necessary.

When providing health condition monitoring services, MinuteClinic practitioners review the individual's medical history and perform an exam and tests based on nationally established clinical practice guidelines for standards of care, which may include an A1c test and comprehensive foot exam for diabetes, breathing and oxygen level testing for asthma, a lipid profile for high cholesterol and a blood pressure check and microalbumin test for high blood pressure.

"We know from our own research and from independent studies conducted by the Rand Corporation, that as many as 60 percent of patients visiting our clinics are without a primary care provider," said Sussman. "So our practitioners are in a unique position to help patients identify a primary care provider and create a path of care that includes monitoring at MinuteClinic to stay on top of their condition."

Most health insurance plans cover MinuteClinic health condition monitoring services. Patients are advised to contact their insurance company to verify coverage prior to their visit. Self-pay visits start at $62. Patients are informed of additional lab charges at the time of visit.

A series of blood pressure, high cholesterol, diabetes and weight evaluation screening services are also provided by MinuteClinic to patients who have not been previously diagnosed with a condition but want to determine if they are at-risk.

In addition to offering monitoring and screening services, MinuteClinic practitioners are trained to diagnose, treat and write prescriptions for common family illnesses such as strep throat and ear, eye, sinus, bladder and bronchial infections. Minor wounds, abrasions and joint sprains are treated, and common vaccinations such as influenza, tetanus, pneumovax, and Hepatitis A & B are available at all locations.

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence, with approximately 500 locations in 25 states and the District of Columbia. By creating a health care delivery model that responds to consumer demand, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than six million patient visits, with a 95% customer satisfaction rating. A recognized leader in the patient-centric health care movement, MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceed the national guidelines established for store-based clinics. MinuteClinic is the first retail health care provider to receive accreditation (2006) and reaccreditation (2009) from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit www.MinuteClinic.com.

Source

MinuteClinic

CVS Caremark Receives URAC Accreditation in Specialty Pharmacy

CVS Caremark Newsroom — Tue, 30 Mar 2010 11:55:45 -0400

WOONSOCKET, R.I., March 30, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) announced today that it has been awarded Specialty Pharmacy accreditation from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry.

"CVS Caremark Specialty Pharmacy is honored to receive this accreditation," said David Golding, Executive Vice President, CVS Caremark Specialty Pharmacy Services. "This accreditation demonstrates the company's longstanding commitment to providing outstanding services to our patients and clients in the complex, high touch arena of specialty pharmacy management."

CVS Caremark Specialty Pharmacy is focused on providing drug therapy management and dispensing services for patients requiring treatment with medications that are used to treat rare, chronic or genetic conditions. CVS Caremark provides specialty patients with support and counseling to help them manage their specialty medications to ensure appropriate and safe medication use and optimize positive outcomes. Services also include ongoing disease education and therapy counseling, benefits verification, coordination of care with multiple health care providers, comprehensive patient education and adherence management.

"CVS Caremark should be commended for meeting strict quality standards," said Alan P. Spielman, URAC President and CEO. "It is critically important for health care organizations to make a commitment to quality and accountability. URAC accreditation is a demonstration of that commitment."

About URAC

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

CVS Caremark

Contact

    Media Contact:
    Christine Cramer      Jon Tashjian
    CVS Caremark          Weber Shandwick
    (401)770 3317         (617) 520-7118
    ckcramer@cvs.com      jtashjian@webershandwick.com

CVS/pharmacy To Support World Wildlife Fund with Sales of GreenBagTag

CVS Caremark Newsroom — Mon, 29 Mar 2010 13:30:46 -0400

WOONSOCKET, R.I., March 29, 2010 /PRNewswire via COMTEX/ --CVS/pharmacy today announced its support of World Wildlife Fund (WWF) in conjunction with the GreenBagTag program launched last fall. Starting on April 1st, for one year, CVS/pharmacy will begin donating 5 cents to World Wildlife Fund for every GreenBagTag sold to help protect the future of nature around the world.

To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/cvs-green-bag-tag/41563/

Introduced in October 2009, the GreenBagTag program rewards ExtraCare cardholders each time they decline a plastic bag and scan their tag. On every fourth scan, GreenBagTag cardholders receive $1.00 Extra Buck on the bottom of their receipt which can be spent on nearly anything in the store.

"WWF's core mission is to protect the future of nature -- and reducing the negative impact we have on the environment is a key part of that goal," said Terry Macko, vice president and chief marketing officer, World Wildlife Fund. "It's important that we encourage everyone to adopt simple, eco-friendly practices to help protect our planet."

Available in stores for 99 cents, GreenBagTag is a small, leaf-shaped tag made with 100 percent recycled and renewable materials. Whether they are using reusable bags or simply carrying out their items, customers who choose not to use the plastic bags, benefit each time they shop at CVS/pharmacy by scanning both their GreenBagTag and ExtraCare card at the register. With each reusable bag a consumer uses it has the potential to eliminate an average of 1,000 plastic bags over its lifetime*. The CVS/pharmacy GreenBagTag program rewards customers for taking a simple step to reduce their environmental impact.

CVS/pharmacy will donate a minimum of one hundred thousand dollars and a maximum of one hundred twenty-five thousand dollars to WWF from April 1, 2010 through March 31, 2011.

"CVS/pharmacy is committed to improving the lives of the people and communities we serve, and that includes helping our customers adopt more eco-friendly practices. Our new GreenBagTag program provides an easy way for shoppers to take a small step in going green, while also receiving Extra Bucks as an incentive for joining us in making an impact in the fight to reduce waste from disposable plastic bags," said Helena Foulkes, executive vice president and chief marketing officer, CVS Caremark. "Over the first six months alone, shoppers have embraced the GreenBagTag program and have scanned their cards about 4 million times to date -- earning $1 million in Extra Bucks. We are excited to be able to further show our support for global conservation efforts by donating a portion of the proceeds from GreenBagTag sales to WWF."

ExtraCare cardholders receive 2% back on nearly every dollar spent in store, every time they shop, regardless of whether or not they participate in any sales or special offers. Additionally, for every two prescriptions filled at CVS/pharmacy, ExtraCare cardholders automatically receive $1 Extra Buck. At the end of each quarter, these automatic Extra Bucks are printed on the bottom of cardholder's receipts during their first visit. In addition, each week certain items are marked with instant Extra Bucks offers in the sales circular and on store shelves. By purchasing these qualifying items, cardholders earn instant Extra Bucks coupons that print on the bottom of the receipt after the transaction is completed. For more information on the ExtraCare Rewards program and the GreenBagTag, please visit http://www.cvs.com/ExtraCare

CVS/pharmacy customers looking for other ways to save are encouraged to visit Savings Central on CVS.com for information about online promotions, discounts and printable coupons. Additionally, CVS/pharmacy recently launched a Twitter feed at http://www.Twitter.com/CVS_Extra, offering followers deals, exclusive tips and savings advice from experts.

About CVS/pharmacy

About World Wildlife Fund

WWF is the world's leading conservation organization, working in 100 countries for nearly half a century. With the support of almost 5 million members worldwide, WWF is dedicated to delivering science-based solutions to preserve the diversity and abundance of life on Earth, halt the degradation of the environment and combat climate change. Visit http://www.worldwildlife.org/ to learn more.

*Statistic from ReusableBags.com

CVS/pharmacy Takes Action to Protect Environment in Rhode Island; Will Collect Unused Medications at Store Events in April

CVS Caremark Newsroom — Fri, 26 Mar 2010 11:07:39 -0400

WOONSOCKET, R.I., March 26, 2010 /PRNewswire via COMTEX/ -- CVS/pharmacy announced today that it will collect expired or unused medications from the public at two collection events in Rhode Island to be held at stores in the town of Coventry and the city of Cranston in April.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090129/NE64371LOGO )

As the 40th anniversary of Earth Day approaches on April 22, 2010, CVS/pharmacy will help consumers properly dispose of their unwanted medication and prevent these drugs from potentially contaminating the environment.

The collection events will be held on:

Saturday, April 3, 10:00 AM to 3:00 PM: CVS/pharmacy in Coventry, 2250 New London Turnpike (at Centre of New England)
Saturday, April 10, 10:00 AM to 3:00 PM: CVS/pharmacy in Cranston, 681 Reservoir Avenue

Members of the public are invited to bring their expired or unused medication, both prescription or over-the-counter, to either CVS/pharmacy collection event, which will be held in the parking lot of each location. CVS pharmacists will staff an on-site Mobile Pharmacy Unit to identify and catalogue the returned drugs.

"The spring season is the perfect time for consumers to clean out their medicine cabinets to dispose of medications that have expired or are otherwise no longer being used," said Papatya Tankut, RPh, Vice President of Pharmacy Professional Services at CVS/pharmacy. "By bringing these unwanted drugs to a CVS collection event in April, consumers will be helping to protect the environment. All medications collected at these events will be properly disposed of and destroyed."

CVS/pharmacy's medication collection events will be conducted with the support of the U.S. Drug Enforcement Agency, the Rhode Island State Board of Pharmacy, and the Coventry and Cranston Police Departments. Local police departments will be present at both collection events to take possession of any controlled substances that are brought for disposal.

CVS/pharmacy recommends the following tips to consumers regarding the safe storage of their medication and when it is the proper time to discontinue use:

Expired medications may lose effectiveness and should not be taken after the expiration date.
When a drug goes untouched, the ingredients may decompose or evaporate, making the drug less effective. Some medications can also become rancid.
It is important that medication is stored properly to protect its effectiveness.
- Heat, light and moisture can cause active ingredients to rapidly decompose, making a drug less effective.
- Do not store medications where they can be exposed to extreme temperatures, excessive light, or moisture. Avoid locations such as the bathroom, above the stove or on a windowsill.
- Most medications should be stored at room temperature, up to 75-85°F.
- Do not store medication in the refrigerator, unless the pharmacist, label, or package insert advises refrigeration after opening.
- In order to protect children, keep medication and vitamins out of reach and in a locked cabinet.
Being organized can help ensure medication compliance.
- Overall, 30 to 50 percent of all people with chronic diseases fail to take their medications as prescribed.
- Keeping a pill organizer in your medicine cabinet can be an easy way to keep track of your medication, especially if you are taking multiple medications daily.
- Incorporating your medications into your daily routine can make it easier to remember to take them.
- A Personal Medication Inventory tool, available for download on www.CVS.com, can be used to help keep track of the time and date you take each medicine. It allows you to keep track of your medication, dosage, when and how often you should take your medication.

About CVS/pharmacy

Source

CVS/pharmacy

Contact

Mike DeAngelis, CVS/pharmacy, 401.770.2645, mjdeangelis@cvs.com

MinuteClinic Names New Chief Medical Officer

CVS Caremark Newsroom — Fri, 26 Mar 2010 11:12:06 -0400

WOONSOCKET, R.I., March 25, 2010 /PRNewswire via COMTEX/ -- MinuteClinic announced today that it has named Nancy J. Gagliano, M.D. as its new Chief Medical Officer. In her new role, Dr. Gagliano will be responsible for the overall delivery of high quality clinical care to MinuteClinic patients, the provision of appropriate physician supervision to nurse practitioners in collaborative practice and the establishment and maintenance of relationships with the external physician community. MinuteClinic, the retail health care division of CVS Caremark (NYSE: CVS), is the largest provider of retail-based medical clinics in the United States.

Gagliano has more than twenty years of experience in ambulatory care operations, including quality, administration, compliance, and finance. Most recently, she was Senior Vice President, Practice Improvement for Massachusetts General Hospital and Massachusetts General Physicians Organization in Boston. Gagliano also has experience as a medical and clinical director of Massachusetts General primary care and women's health ambulatory operations. Gagliano is a graduate of Harvard Medical School, where she currently serves as an Assistant Professor. She is a member of the Healthcare Information Management Systems Society, the American College of Physicians and the American College of Physician Executives.

"We are thrilled to have Nancy Gagliano join us as our Chief Medical Officer at MinuteClinic," said Andrew Sussman, MD, President, MinuteClinic, Inc. and Senior Vice President/Associate Chief Medical Officer, CVS Caremark Corporation. "Nancy has a superb background in clinical primary care and ambulatory care leadership. She will add great insight and experience to our leadership team as we continue to provide the highest quality care to our patients."

About MinuteClinic

MinuteClinic is a division of CVS Caremark Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States. MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence with about 500 locations in 25 states and the District of Columbia. By creating a health care delivery model that responds to consumer demand, MinuteClinic makes access to high-quality medical treatment easier for more Americans. Nationally, the company has generated more than 6 million patient visits, with a 95 percent customer satisfaction rating. A recognized leader in the patient-centric health care movement, MinuteClinic consistently brings innovation to the marketplace and sets new standards for clinical quality that exceed the national guidelines established for store-based clinics by the American Medical Association (AMA) and the American Academy of Family Physicians (AAFP). MinuteClinic is the first retail health care provider to receive accreditation from The Joint Commission, the national evaluation and certifying agency for nearly 15,000 health care organizations and programs in the United States. For more information, visit www.MinuteClinic.com.

Source

MinuteClinic

Connecticut Senior Center Recognized with 'Prescription for Better Health Award' from the National Council on Aging and CVS/pharmacy

CVS Caremark Newsroom — Mon, 15 Mar 2010 12:31:45 -0400

CHICAGO, March 15, 2010 /PRNewswire via COMTEX/ -- At the Aging in America Conference today in Chicago, Ill., the National Council on Aging (NCOA) and CVS/pharmacy announced the recipients of the Prescription for Better Health Award after a nationwide competition for programs that provide seniors in their communities with access to activities and education that promote healthy lifestyles.

Groton Senior Center of Groton, Conn., was selected as the top honoree in recognition of its program 'On Our Own: Staying Steady,' a falls prevention program that combined physical assessments for risk of falling, a home assessment and the evidence-based program, 'Matter of Balance' (MOB). This collaborative program brought community resources together in a comprehensive effort to reduce the number of falls by seniors and keep them independent and at home.

"We are pleased to be recognized by the NCOA and CVS/pharmacy for our efforts to decrease the instances of falls, a frequent and preventable injury, among the seniors in our community," said Mary Jo Riley, Senior Center Supervisor of Groton Senior Center. "The award acknowledges the important work of senior centers like ours that strive to promote a healthy lifestyle for older adults."

"Once again, the Prescription for Better Health Award received a substantial response, with applicants demonstrating a variety of ways in which their programs support the health and wellness of seniors," said Donna Phillips, Vice President for Membership of the NCOA. "By honoring the work of the Groton Senior Center's falls prevention program, we hope to encourage other organizations to focus on the needs of seniors in their communities."

The four honorable mentions include:

CareLink of North Little Rock, Arkansas for 'Dancing with the Seniors'
Troy Senior Center of Troy, Michigan for 'Pickleball'
Senior Services of Midland, Michigan for 'Home Alone Camp'
Wentworth Connections of Portsmouth, New Hampshire for HealthRHYTHMS

The Prescription for Better Health Award recipients were chosen for the strength of their healthy lifestyle programs and positively impacting the health of seniors in their community, while also designing programs that could be easily implemented at other senior centers across the country.

"Groton Senior Center demonstrated its commitment to helping individuals make healthy lifestyle choices and improving their quality of life, earning it this year's Prescription for Better Health Award," said Rob Price, Senior Vice President, Retail Advertising and Marketing of CVS/pharmacy. "We are proud to recognize this organization and salute all of the applicants for their contributions to the senior community."

To view the winning programs and learn more about how the programs can be implemented in other locations, please visit: http://www.ncoa.org/.

About the National Council on Aging

About CVS/pharmacy

CVS/pharmacy, the retail division of CVS Caremark Corporation (NYSE: CVS), is America's leading retail pharmacy with more than 7,000 CVS/pharmacy and Longs Drug stores. CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at http://info.cvscaremark.com/.

Contact

    Carolyn Castel        John Beilenson                    Rachel Walt
    CVS/pharmacy        National Council on Aging     Weber Shandwick
    (401) 770-5717      (610) 453-5993                   (617) 520-7254
    ccastel@cvs.com      jbeilenson@aboutscp.com     rwalt@webershandwick.com

Stedman Graham to Speak Today at Kent State University and Northeastern Ohio Universities Colleges of Medicine and Pharmacy as Part of CVS Caremark Program

CVS Caremark Newsroom — Thu, 11 Mar 2010 09:35:48 -0500

WOONSOCKET, R.I., March 11, 2010 /PRNewswire via COMTEX/ -- WOONSOCKET, R.I., March 11/PRNewswire/ -- CVS Caremark, the largest pharmacy health care provider in the United States, is pleased to sponsor nationally known author, educator and entrepreneur Stedman Graham to speak today at Kent State University andNortheastern Ohio Universities Colleges of Medicine and Pharmacy(NEOUCOM) as part of the company's commitment to increase diversity in the pharmacy profession, and help high school students take their first steps in health care careers.

Graham will serve as the keynote speaker this afternoon at NEOUCOM's sixth annual Diversity Leadership and Awards Celebration, an event that supports diversity scholarships and recognizes outstanding individuals who have demonstrated a commitment to advancing and improving diversity within the school's Colleges of Medicine and Pharmacy and Health Professions.

CVS Caremark and NEOUCOM will also hold a special event at Kent State University for more than 400 northeast Ohio high school students interested in pursuing a career in health care. At this event, Graham will discuss the importance of higher education, setting goals and overcoming adversity. Drawing from his book Diversity: Leaders not Labels, Graham will discuss how students can develop an identity and sense of self, and break out of the box that keeps them from growing to their full potential - revealing that success is truly based on results, performance and excellence.

"Stedman Graham's presence at this year's diversity luncheon brings a new level of excitement to this event. His positive message of setting high standards and overcoming adversity are certain to leave a positive mark on attendees," says Lindsey Loftus, NEOUCOM vice president for institutional advancement.

CVS Caremark has sponsored Graham's youth workshops nationwide since 2006 to help motivate high school students from diverse backgrounds to discover career paths, set high goals and achieve them.

In addition to working with Graham, CVS Caremark has partnered with America's Promise Alliance since 2000 to offer Pathways to Pharmacy, a paid summer internship program, to increase access and diversity in pharmacy careers across the nation. So far the program has reached high school students in more than 40 cities.

"Our goal is to work with young people and to help them take a first step toward a pharmacy career," says Stephen Wing, Director of Workforce Initiatives at CVS Caremark. "Given the growing demand for pharmacy services nationwide, CVS Caremark is taking a proactive step to help educate the next generation of pharmacists and pharmacy technicians through its Pathways program."

The Pathways to Pharmacy program began at NEOUCOM last summer, where seven students from area high schools participated in 25-hour a week paid internships that included three weeks of experience shadowing pharmacists in CVS/pharmacy stores and two weeks of instruction on NEOUCOM's Rootstown campus. The program will resume at NEOUCOM this summer.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

About Northeastern Ohio Universities Colleges of Medicine and Pharmacy

The Northeastern Ohio Universities Colleges of Medicine and Pharmacy (NEOUCOM) is a community-based, public institution offering both a doctor of medicine (M.D.) and a doctor of pharmacy (Pharm.D.) degree.

The Institution's educational partners include teaching hospitals, community pharmacies, two boards of health and four northeast Ohio public universities. Through these and other collaborative arrangements, NEOUCOM participate in the Consortium of Eastern Ohio Master of Public Health program and offers graduate-level coursework and research opportunities leading to master's and doctoral degrees in biomedical sciences and biomedical engineering. NEOUCOM is a founding member of the Austen BioInnovation Institute in Akron.

About Stedman Graham

Stedman Graham has built a strong reputation for helping corporations, organizations and individuals succeed. He is chairman and CEO of S.Graham and Associates (SGA), a Chicago-based management and marketing consulting company specializing in corporate and education markets. Some of SGA's clients include Wells Fargo, CVS Pharmacy, Merrill Lynch, the U.S. Department of Labor's Job Corps and Manpower.

Mr. Graham is the author of ten books including two New York Times bestsellers, You Can Make it Happen: A Nine-Step Plan for Success and Teens Can Make it Happen: Nine Steps to Success. In 2005 he published Who Are You? A Success Process for Building Your Life's Foundation, and in 2006 he released Diversity: Leaders not Labels - A New Plan for the 21st Century.

Source

CVS Caremark

Contact

    Carolyn Castel                 T.K. Hall
    CVS Caremark                   Weber Shandwick Worldwide
    (401) 770-5717                 (617) 520-7258
    CCastel@cvs.com                TK.Hall@webershandwick.com

CVS Caremark Annual Employer Survey Finds Majority of Employers Rate Managing Costs as Top Priority in 2010

CVS Caremark Newsroom — Thu, 11 Mar 2010 09:41:39 -0500

WOONSOCKET, R.I., March 11, 2010 /PRNewswire via COMTEX/ -- CVS Caremark (NYSE: CVS) today announced the results of the Company's annual employer client benefit survey about priorities for PBM services in the coming year. The majority of employers surveyed (94 percent) said they will seek opportunities to improve savings even more in 2010, while they look for ways to improve the overall member experience. Overall, employers listed price (86 percent), customer service (86 percent), trust and reliability (84 percent) and consumer engagement capabilities (46 percent) as key priorities for their PBM procurement strategy.

"The economic environment continues to impact companies this year, with 66 percent telling us that reducing overall health care costs is their number one success measure," said Jack Bruner, Executive Vice President, Strategic Development, Caremark Pharmacy Services. "Employers tell us they are looking for more aggressive solutions to increase generic utilization and manage specialty pharmacy costs, while also focusing on programs to increase medication adherence and manage chronic diseases."

This annual survey enables CVS Caremark to provide clients with a barometer that highlights shared issues and priorities among their peer group and provides insights into what strategies other companies are implementing or considering. The account teams also use this information to work directly with their clients to determine specific priorities and tailor PBM services that best help them reach their goals.

"We are well positioned to deliver on both of our employer clients' key priorities - lowering costs while improving the member experience," said Bruner. "We are able to provide our clients with access to a variety of plan designs that manage costs while also incorporating services that counsel members so that they better understand their options and can make informed decisions that result in savings for both the member and the benefit sponsor."

With regard to plan designs to help employers manage costs, CVS Caremark offers a variety of options to increase generic utilization and brand to generic conversions. Survey results show that the majority of employer clients are strongly considering adopting some of the more progressive strategies to encourage the use of lower-cost generic medications. For example, almost half of employers surveyed are considering implementing plan designs that require using a generic medication first before moving to a branded drug (48 percent) and those that provide members a co-pay waiver to switch to generic medications (56 percent).

In addition, compared to the 2009 survey results, there has been a significant increase in employers who are adopting or considering solutions to improve medication adherence. In particular, many employer clients are considering programs that impact adherence through counseling and intervention with the member, including: counseling to improve adherence the first time a member fills a maintenance medication (62 percent), outreach to prescribers to resolve gaps in care (56 percent) and outreach to members and prescribers to provide counsel about therapy drop-off (65 percent).

The CVS Caremark client survey was conducted on-line from October 5, 2009 through December 31, 2009 and includes responses from current CVS Caremark clients representing 285 employers and approximately 7.3 million lives.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

CVS Caremark

Contact

    Media Contact:
    Christine Cramer                          Jon Tashjian
    CVS Caremark                              Weber Shandwick
    (401)770 3317                             (617) 520-7118
    ckcramer@cvs.com                          jtashjian@webershandwick.com

CVS Caremark Corporation Announces Quarterly Dividend

CVS Caremark Newsroom — Thu, 11 Mar 2010 12:50:22 -0500

WOONSOCKET, R.I., March 10, 2010 /PRNewswire via COMTEX/ -- CVS Caremark Corporation (NYSE: CVS) today announced that its Board of Directors has approved a quarterly dividend of $0.0875 per share on the Common Stock of the Corporation, payable May 4, 2010 to holders of record on April 23, 2010.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

CVS Caremark Corporation

CVS Caremark to Present at the Barclays Capital 2010 Global Healthcare Conferenc

CVS Caremark Newsroom — Thu, 11 Mar 2010 12:14:54 -0500

WOONSOCKET, R.I., March 10, 2010 /PRNewswire via COMTEX/ -- CVS Caremark Corporation (NYSE: CVS) today announced that Tom Ryan, Chairman, President and CEO, and Per Lofberg, Executive Vice President and President of Caremark Pharmacy Services, will be making a presentation to investors at the Barclays Capital 2010 Global Healthcare Conference on March 23, 2010. The Company is scheduled to speak at approximately 9:00 a.m. ET.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

CVS Caremark

CVS Caremark Named Best In Industry by FORTUNE Magazine

CVS Caremark Newsroom — Tue, 09 Mar 2010 15:47:27 -0500

WOONSOCKET, R.I., March 8, 2010 /PRNewswire via COMTEX/ -- CVS Caremark (NYSE: CVS), the largest pharmacy health care provider in the United States, announced today that FORTUNE Magazine has named CVS Caremark the most-admired company in its industry, the Food and Drug Stores sector, as part of the magazine's annual listing of the World's Most Admired companies.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

"This achievement reflects the deep commitment that our CVS Caremark colleagues across the country have made to our mission of providing our customers with innovative solutions in pharmacy and health care. We couldn't be more pleased to be named the most admired company in our industry," said Tom Ryan, Chairman, President and CEO of CVS Caremark.

This result, driven by FORTUNE's finding that CVS Caremark's approaches to innovation and to delivering value to long-term investors were best-in-class, will be published along with the magazine's full World's Most Admired Companies results on March 22. FORTUNE describes its annual ranking of companies as "the definitive report card on corporate reputations."

CVS Caremark's No. 1 rank in FORTUNE's Most-Admired Companies survey follows the Company's recent inclusion in the 100 Best Corporate Citizens List as ranked by Corporate Responsibility Magazine.

In addition to innovation and shareholder value, FORTUNE's Most Admired Companies scorecard for CVS Caremark included second-place honors in the categories of People Management, Use of Corporate Assets and Financial Soundness.

The annual FORTUNE ranking is based on national surveys of investment analysts, boards of directors and business executives.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

Contact



    Investor Contact:                 Media Contact:
    Nancy Christal                    Eileen Howard Dunn
    Senior Vice President             Senior Vice President
    Investor Relations                Corporate Communications
    (914) 722-4704                    (401) 770-4561

CVS Caremark Launches the Behavior Change Research Partnership to Develop Ways to Encourage Adherent, Healthy Behaviors While Saving Patients Money

CVS Caremark Newsroom — Tue, 02 Mar 2010 10:28:31 -0500

WOONSOCKET, R.I., March 2, 2010 /PRNewswire via COMTEX/ -- As part of its efforts to improve pharmacy health care for American consumers, CVS Caremark (NYSE: CVS) today announced it is expanding its research efforts to include the creation of a Behavior Change Research Partnership. The partnership will help health care providers better understand why people choose to follow - or ignore - their prescribed medication regimen, and look for ways to encourage those patients to make effective health care decisions.

CVS Caremark is working with academic leaders from Carnegie Mellon University, Dartmouth College's Tuck School of Business and the University of Pennsylvania's Medical School and Wharton School of Business in the Behavior Change Research Partnership. These research partners will team with CVS Caremark to develop insights into consumer actions around health challenges by studying the issues through the lens of behavioral economics and social marketing.

For example, patient non-adherence to essential chronic medications is widely recognized as a leading barrier to improving public health and a cause of increasing medical costs. The Partnership will study reasons why people who go to the doctor often choose to not fill their initial prescriptions or prematurely stop taking those medications during treatment and recovery.

The partnership will seek to better understand why consumers may choose to buy more expensive brand medications when they have access to generic medications that may provide identical or similar health outcomes.

"This partnership represents another step in our effort to learn more about how we can help patients understand that effective pharmacy care can impact overall medical costs," said Dr. Troyen A. Brennan, MD, MPH, Executive Vice President and Chief Medical Officer of CVS Caremark. "While we know there are many reasons people stop taking their medicine - cost, forgetfulness, side effects and others -- this research will help us counsel consumers to make the right decision regarding their health," Brennan said.

The Behavior Change Research Partnership will be led by George Lowenstein of Carnegie Mellon; Punam Anand Keller of Dartmouth University, Tuck School of Business; and Kevin Volpp of the University of Pennsylvania Medical School and The Wharton School of Business.

This latest research initiative complements CVS Caremark's previously announced three-year collaboration with researchers from Harvard and Brigham and Women's Hospital to study pharmacy claims data to better understand patient behavior around medication adherence.

Behavioral economics and social marketing are growing bodies of science that look at how environment and other factors prompt personal decisions. In this case, the purpose of this research will be to discover ways to make it easier for consumers to make choices that are beneficial to their health. Among the matters to be studied by the partnership are:

* Providing Appropriate Incentives: Research how appropriate financial incentives - in the form of lower copays and immediate up-front rewards - motivate consumer decisions to help improve health care behavior.
* Developing education tools: Determine how education materials and programs targeting consumers can be applied to persuade positive behavior that will affect meaningful change for patients.
* Tailoring Communications: Studying how specific messages resonate with individuals to promote improved health outcomes, adherence and personal care.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.

Source

CVS Caremark

Contact

    Contacts:
    Jon Sandberg                  Nancy Christal
    Corporate Communications      Senior Vice President
    (401) 770-4914                Investor Relations
                                  (914) 722-4704

CVS Caremark Study Finds Value Based Insurance Designs Can Increase Adherence in Diabetes Patients

CVS Caremark Newsroom — Tue, 16 Feb 2010 11:56:07 -0500

WOONSOCKET, R.I., Feb 16, 2010 /PRNewswire via COMTEX/ -- A study by CVS Caremark (NYSE: CVS), published this week in the American Journal of Pharmacy Benefits, finds that insurance benefit designs that reduce the cost of medications for plan participants result in patients being more likely to start and stay on their medication therapy.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )

The study compared more than 20,000 plan participants in value-based insurance design (VBID) plans to more than 190,000 participants of similar age and gender breakdowns in standard three-tier plans. The study concluded initiation and adherence rates for both insulin and oral diabetes medicines among participants in value-based plans were significantly higher.

"There have been discussions around the impact of price and affordability on patients' ability and willingness to start and stay on their medications and this research adds to that body of knowledge. We took a look at one disease state - diabetes - and showed how cost impacts a patient's prescription initiation and adherence rates," said Troyen A. Brennan, M.D., M.P.H., Executive Vice President and Chief Medical Officer, CVS Caremark. "This research is important as we seek to educate the public and patients that adherence can be the most cost effective intervention in health care."

In the VBID plans studied, generic co-pays were reduced from $15 to zero, preferred brands dropped to between $10 and $15 from $30, and non-preferred brands remained at $35 co-pay, compared with standard plans which had no changes in co-pays during the study period. Participants in VBID plans had higher prescription initiation rates (2.3% versus 1.6% on the total study population) and lower discontinuation rates (16% versus 24.3%).

This study is part of a broader research effort by CVS Caremark to learn more about why patients do not take prescriptions that are prescribed, or drop the medications in the middle of therapy. The research includes continuing internal analysis of CVS Caremark clients and an external partnership with Harvard and Brigham & Women's Hospital. Separately, a recent study by the New England Healthcare Institute found that not taking medications as prescribed leads to poorer health, more frequent hospitalization, a higher risk of death and as much as $290 billion annually in increased medical costs.

The research findings will be used to develop programs that aim to improve patient education about the importance of adherence, and communications for timely interventions with patients that include face-to-face first fill counseling; IVR and Web refill reminders, renewals and pick-up prompts; and outreach calls to potentially non-adherent patients from their local CVS pharmacist.

"As the health care debate continues, one thing is clear: We all have to find ways to make health care more affordable," Brennan said. "Our passion and expertise is to help our clients receive the best pharmacy care available, and that can be achieved by focusing on adherence to impact the health of our customers and help take costs out of the health care system," Brennan said.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan participants in behaviors that improve their health and to lower overall health care costs for plan sponsors and participants. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics. We are also a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefit managers (PBMs), we provide access to a network of approximately 60,000 pharmacies, including approximately 7,000 CVS/pharmacy stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.

Source

CVS Caremark

Contact

Media Contact:
Christine Cramer                          Jon Tashjian
CVS Caremark                              Weber Shandwick
(401) 770-3317                            (617) 520-7118
ckcramer@cvs.com                          jtashjian@webershandwick.com

CVS Caremark Data Illustrates How Clinical Pharmacist Interventions Can Improve Diabetes Outcomes

CVS Caremark Newsroom — Mon, 15 Feb 2010 10:28:26 -0500

WOONSOCKET, R.I., Feb. 15 /PRNewswire/ -- A case study published in the current issue of the American Journal of Health-System Pharmacists, demonstrates the positive impact of a diabetes management program designed to educate and motivate members to engage in their health care. The program was implemented by CVS Caremark (NYSE: CVS) and Polk County, Florida, a self-insured government employer client. After one year, the Polk County Contract for Care program resulted in improvements in key clinical measurements for enrolled members – decreased glycosylated hemoglobin (HbA(1c), a critical measurement of blood sugar levels) and lowered blood pressure levels – while also reducing emergency room visits and in-patient hospital admissions.

"Enabling members with diabetes to achieve optimal management of their underlying disease, as well as other related conditions such as high blood pressure, is critical to improving their health outcomes," said Troyen Brennan, M.D., M.P.H., Executive Vice President and Chief Medical Officer, CVS Caremark. "As the prevalence of diabetes continues to rise, it is critical that these patients are educated about the impact of their disease and presented with tools and programs to help actively engage them in their health care."

Polk County implemented the Contract for Care program in February of 2005. The program is designed to engage members as active participants in managing their health and requires members to be accountable for components of their care. Enrolled Polk County employees agree to work with the CVS Caremark clinical pharmacist, located on-site at the County's employee health clinic, to develop individualized care plans and coordinate regular follow-up. Enrolled members receive co-pay waivers on disease-related medications (generic and preferred brands) as well as related supplies and non-prescription products.

"We wanted to implement a program that would incentivize our employees living with chronic diseases such as diabetes to take an active role in their health care in order to improve their overall health," said Michael Kushner, Director, Risk Management, Polk County Government. "Through our partnership with CVS Caremark we have seen positive results that reflect both improved health outcomes for our employees as well as cost savings for both enrolled employees and the overall plan."

At the end of the first year of the program 477 members were enrolled and were included in the analysis. The study's primary outcome was the change in clinical values for HbA(1c). Secondary outcomes included changes in utilization metrics such as all-cause hospitalization, ER visits and blood pressure values. After one year the reduction in HbA(1c) values was especially high among members in the critical risk group, with nearly 78 percent of these members achieving a significant HbA(1c) reduction. In addition mean systolic blood pressure decreased six points (from 134 Hg to 128 Hg) and mean diastolic blood pressure decreased four points (from 81 Hg to 77 Hg). Medical claims data also revealed a 30 percent decrease in all-cause hospitalizations and a 24 percent decrease in ER visits for enrolled members.

"These positive results provide compelling evidence about how the efforts of a motivated employer like Polk County combined with strategies to engage and educate members can make a difference in managing a chronic disease such as diabetes," said Dr. Brennan. "The success of this type of program is particularly important when you realize that only about 28 percent of people with diabetes currently achieve optimal management of their disease, which includes adherence to anti-diabetic medications as well as to other recommended therapies to treat co-morbid conditions such as high blood pressure."

About Polk County

Polk County lies on the Interstate-4 corridor, 25 miles east of Tampa and 35 miles southwest of Orlando. As the geographic center of Florida, it is estimated that more than 7.5 million people reside within a 100-mile radius of Polk County. This is one of the largest population concentrations in the southeast. Polk County is larger than the state of Rhode Island and equal in size to Delaware. The County's 2,010 total square miles make it the fourth largest county in Florida. Polk's 554 natural freshwater lakes occupy approximately 135 square miles.

According to the University of Florida's Bureau of Economic Business and Research, an estimated 581,058 people lived in one of the 17 municipalities or unincorporated Polk County in 2007.

Self-insured Polk County covers 8,500 Polk County employees and dependents. This includes employees of the five-member Board of County Commissioners as well as employees of each of the five constitutional officers: the Clerk of the Court, Property Appraiser, Sheriff, Supervisor of Elections and Tax Collector.

About CVS Caremark

CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan participants in behaviors that improve their health, and to lower overall health care costs for plan sponsors and participants. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics. We are also a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefit managers (PBMs), we provide access to a network of approximately 60,000 pharmacies, including approximately 7,000 CVS/pharmacy stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Investor Relations section of the Company's Web site at www.cvscaremark.com/investors, as well as through the press room section of the Company's Web site at www.cvscaremark.com/newsroom.

CVS Enters Puerto Rico - Plans to open 9 stores on the island in 2010

CVS Caremark Newsroom — Thu, 11 Feb 2010 12:01:25 -0500

WOONSOCKET, R.I., Feb. 11 /PRNewswire/ -- CVS/pharmacy, the nation's leading retail pharmacy, announced today that it will open 9 stores in Puerto Rico in 2010. The first two locations, in San Juan and Bayamon, will officially open Monday, February 15.

"We are pleased to introduce the CVS/pharmacy brand to the growing Puerto Rico market," said Larry Merlo, President of CVS/pharmacy. "CVS is committed to providing high quality pharmacy care and offering convenient products and services at a great value to the Puerto Rican community."

CVS/pharmacy's new stores in Puerto Rico will feature all of the products and services for which millions of CVS customers in the U.S. visit its stores every day, including:

A full service pharmacy staffed by highly trained pharmacists and pharmacy staff
A complete line of health and beauty products including many brands exclusive to CVS/pharmacy
General merchandise and digital photo-processing
The CVS ExtraCare Rewards Program, which offers customers money back through Extra Bucks that are earned by shopping in-store or at www.cvs.com.

In addition, CVS/pharmacy is partnering with many local vendors and suppliers in Puerto Rico to ensure its stores meet the needs of Puerto Rican consumers. More than 12,000 products carried by CVS stores will be sourced from local companies and many of these products are made in Puerto Rico.

CVS/pharmacy will create approximately 400 new jobs in Puerto Rico this year. In addition to its stores opening this month in San Juan and Bayamon, more locations are scheduled to open this year in Arecibo, Bayamon (2 additional locations), Dorado, Fajardo, Vega Alta and Vega Baja.

As part of its entry into Puerto Rico, CVS/pharmacy announced a donation of $10,000 to Instituto Psicopedagogico de PR, a Bayamon-based agency that provides specialized health, nutrition, education, and essential care to adults and children in Puerto Rico with severe mental retardation to improve their quality of life in a dignified environment in which human compassion, respect and love for others reigns above all else.

About CVS/pharmacy

CVS/pharmacy, the retail division of CVS Caremark Corporation ( CVS), is America's leading retail pharmacy with more than 7,000 CVS/pharmacy and Longs Drug stores. CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at www.cvscaremark.com.

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