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CVS Health Corporation is an American for-profit healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands.
With Aetna, CVS picks up a few more pieces of the healthcare system, such as medical benefits and population health tools. The addition gives CVS a lot more data to analyze as well. Screen Shot ...
The company was acquired by CVS Health in September 2014 and is operated as a separate brand and business of CVS, headquartered in Miami, Florida. The company mainly operates in Miami-Dade and Broward Counties and currently has 28 stores. Navarro Discount Pharmacies has a 17% market share in South Florida, ahead of Walgreens and CVS/pharmacy. [1]
A key focus of the breakup effort appears to be the underperformance of health insurer Aetna, which CVS acquired in November 2018 for $70 billion, as well as increased government scrutiny on ...
Aetna Inc. (/ ˈ ɛ t n ə / ET-nə) is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare.
Omnicare, Inc. is an American company working in the health-care industry. It was established in April 1981 as a spinoff of healthcare businesses from Chemed and W. R. Grace and Company. It is currently a pharmacy specializing in nursing homes. [1] In 2015, Omnicare was acquired by CVS Health. [2]
In August 2008, CVS Caremark purchased Longs Drugs Stores for $2.7 billion. [12] In 2009, CVS Caremark agreed to pay $2.25 million to settle alleged unfair trade practices and alleged violations of the privacy protections under the Health Insurance Portability and Accountability Act of 1996. [13]
In 2015, Lynch became Aetna's first female president, a role she retained through the $70 billion acquisition of Aetna by CVS Health in 2018. [15] [16] During the COVID-19 pandemic, Lynch took the helm as president and chief executive officer of CVS Health on February 1, 2021, following the retirement of Larry Merlo.