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.
"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.