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CVS Caremark (formerly Caremark Rx) (stylized as CVScaremark, previously CVS/caremark) is the pharmacy benefit management subsidiary of CVS Health, headquartered in Woonsocket, Rhode Island. Company history
CVS Caremark provides comprehensive prescription benefit management services including mail order pharmacy services, specialty pharmacy and infusion services, plan design and administration, formulary management and claims processing. The company's clients are primarily employers, insurance companies, unions, government employee groups, health ...
[17] [23] As of December 2009, CVS Caremark had over 7,000 locations. [24] In 2004 CVS purchased 1,268 Eckerd drug stores and Eckerd Health Services, a PBM/mail-order pharmacy business, from J. C. Penney. [25] Most of the former Eckerd stores, which were converted to CVS stores by June, are located in Florida, Texas, and other southern states ...
CVS Caremark’s business suffered a significant blow over the summer when a major California health insurer, Blue Shield of California, announced it will no longer use the company as its pharmacy ...
Fast forward to 2006, CVS acquired Caremark, a PBM, and merged the company's operations with PharmaCare. This eventually became CVS Caremark, which is now one of the three biggest PBMs in the ...
Founded in 1993 as MedPartners, Caremark Rx was acquired by CVS in 2007. It accounted for an estimated 50.8% of CVS's $357.8 billion in revenue in 2023. Express Scripts