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CVS Caremark is the retail corporation that is the largest pharmacy health care company based in United States. The company offers drug and pharmacy related products to their customers. It is a pharmacy innovation company that manages health care solutions and provides outcomes through several operating segments such as pharmacy benefit management (PBM), CVS Caremark Pharmacy Services, CVS/pharmacy retail stores, mail order and specialty pharmacy division, on-line retail pharmacy, Minute-Clinic, retail-based medical clinic subsidiary, etc.
CVS Caremark are 2 different words in which CVS stands for 'Convenience, Value and Service'. Caremark was founded as Home Health Care of America (HHCA) in 1979 by James M. Sweeney.
The products are carried by CVS Caremark US under various private labels and brand names such as Gold Emblem, Absolutely Divine, Blade, Life Fitness, Earth Essentials, Caliber, Just the Basics and Essence of Beauty. The digital cameras and camcorders from Pure Digital were firstly sold by CVS Caremark Corporation. There are other health care brands in service with the company such as PreVentin-AT, 24/7, Skin Effects, Lumene, Nuprin and many more.
CVS Caremark was listed 40th by Fortune Magazine in the list of Fortune Global 500 companies in the world and was listed 13th in United States. The company is listed, rated and traded on the New York Stock Exchange (NYSE).
The company founded CVS Caremark Charitable Trust to offer education and health care facilities to different communities. The not-for-profit organizations are provided support in terms of financial assistance through the CVS Caremark Charity Classic. The company also offers free road-side assistance to motorists and drivers who are State Certified Emergency Medical Technicians (EMTs), Nationally Certified Animal Control Officers and Nationally Certified Auto Mechanics through CVS Samaritan Vans.
CVS Caremark became fully integrated on-line and brick-and-mortar pharmacy service provider by taking possession over the first on-line pharmacy retailer, named Soma.com in 1999. Later on, it was renamed as CVS.com. Stadtlander pharmacy was purchased by the company for over $120 million from Bergen Brunswig Corporation in the year 2000.
CVS Caremark US provides employment services to more than 200,000 people at all the locations in United States. During the Fiscal Year 2012, the company earned the total Revenue of US$ 123.133 billion with total assets of US$ 65.912 billion. The corporation was established with the association of CVS Pharmacy and Caremark Rx in 2007. The headquarters of the company is located at Woonsocket, Rhode Island, United States.