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.
"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.