Company Snapshot: CVS Caremark Corp.
1 Cvs Dr
Woonsocket, RI 02895
Total Current Stores:
Larry J. Merlo – President, CEO
Mark Cosby – Exec VP, President (CVS/pharmacy)
CVS Caremark is one of the leading pharmacy retailers in the country. In fiscal 2012, the company generated record sales of $123 billion, with over 50% of that total being generated by retail pharmacy operations.
Recently, CVS announced renewed distribution agreements with both Cardinal Health and McKesson. Cardinal will supply pharmaceuticals to a network of CVS Caremark’s retail pharmacies and distribution centers through mid-2016. The stores and distribution centers serviced under the new arrangement are basically the same as those serviced in the prior arrangement. McKesson will continue distributing for CVS’s PBM business, which accounted for approximately 48% of total corporate revenue in 2012.