Pharmacist Helping Patient

Company Profile

CVS Caremark (NYSE: CVS), headquartered in Woonsocket, RI, provides pharmacy care in the United States with integrated offerings across the entire spectrum of pharmacy care. We are uniquely positioned to engage plan members in behaviors that improve their health and lower overall health care costs for health plans, plan sponsors, and their members. Pill Bottles CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and we are 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 65,000 pharmacies, including approximately 7,100 CVS/pharmacy® stores that provide unparalleled service and capabilities. Our stores fill nearly one in five retail prescriptions nationwide, and we have the #1 or #2 market share in 20 of the top 25 U.S. drugstore markets. Our clinical offerings include our signature Pharmacy Advisor TM program as well as innovative generic step therapy and genetic benefit management programs that promote more cost effective and healthier behaviors that improve health care outcomes.

The PBM division provides a range of services including mail order pharmacy, specialty pharmacy, plan design consultation and administration, formulary management and claims processing Minute Clinic Employees Our CVS/pharmacy stores sell prescription drugs and a wide assortment of high-quality, nationally advertised brand name and private label merchandise. Our retail-based health clinic subsidiary, MinuteClinic® utilizes nationally recognized medical protocols to diagnose and treat minor health conditions, perform health screenings, monitor chronic conditions and deliver vaccinations.

We employ approximately 201,000 colleagues in 44 states, the District of Columbia, and Puerto Rico. At year-end 2010, we operated 7,182 retail drugstores, 560 MinuteClinic locations, 44 retail specialty pharmacy stores, 18 specialty mail-order pharmacies and four mail-order pharmacies, and our CVS.com® and Caremark.com websites. During 2010, the Company increased the number of CVS/pharmacy locations and decreased the number of retail specialty pharmacy stores and mail service pharmacies.

Company Data–2010

Financial Highlights
(in millions, except per share figures)
Net revenues $96,413
Operating profit $6,165
Net income attributable to CVS Caremark $3,427
Diluted EPS attributable to CVS Caremark $2.49
Stock price at year end $34.77
Market capitalization at year end $47,423
Operational Highlights
Store count at year end 7,182
Retail clinic count at year end 560
Retail specialty pharmacy stores 44
Specialty mail order pharmacies 18
Mail order pharmacies 4
Number of employees 201,000
Facility and store locations 44 states, the District of Columbia & Puerto Rico