Who Owns Caremark?
Caremark is owned by CVS Health, a publicly traded American healthcare company. CVS Health acquired Caremark Rx in 2007, integrating pharmacy benefits management with retail pharmacy operations. The company is headquartered in Woonsocket, Rhode Island, USA.
Parent Company
CVS Health
Acquired
2007
Status
Publicly Traded
Headquarters
Woonsocket, Rhode Island, USA
Who Owns Caremark?
- Parent Company: CVS Health
- Ownership Type: Acquired
- Acquisition Year: 2007
- Company Type: Publicly Traded
- Stock Ticker: NYSE: CVS
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Caremark | CVS Health | Acquired |
History of Caremark
- Founded: 1993
- Founders: Medco Health Solutions (spin-off)
- Acquired by CVS Health: 2007
Caremark was founded in 1993 as a pharmacy benefits management company, emerging from the healthcare industry's growing need for specialized prescription drug management services. The company quickly established itself as a major player in the PBM market, managing prescription benefits for millions of members across the United States.
Throughout the 1990s and 2000s, Caremark expanded its service offerings and client base, becoming one of the largest independent pharmacy benefits managers. The company developed advanced technologies for prescription management, mail-order pharmacy services, and specialty pharmacy programs.
In 2007, CVS Health (then known as CVS Caremark Corporation following the merger) acquired Caremark Rx in a transformative deal that created the first fully integrated pharmacy benefits manager and retail pharmacy chain. This integration allowed Caremark to coordinate prescription benefits with retail pharmacy services, improving efficiency and patient outcomes.
Under CVS Health ownership, Caremark has continued to expand its services, including specialty pharmacy programs, medication therapy management, and integrated health solutions. The brand now serves millions of members through employer plans, health insurance companies, and government programs.
About CVS Health
Who owns CVS Health?
CVS Health is an independent publicly traded company with no parent company. The company trades on the NYSE under CVS and is owned by institutional investors and individual shareholders.
What are CVS Health's main business segments?
CVS Health operates through three segments: Health Care Benefits (Aetna health insurance), Pharmacy Services (CVS Caremark pharmacy benefits management), and Retail and Long Term Care (CVS Pharmacy stores, MinuteClinic, Oak Street Health, and Omnicare).
What were CVS Health's FY2025 financial results?
CVS Health reported record FY2025 revenue of $402.1 billion, up 7.8% year over year, and adjusted EPS of $6.75, up from $5.42 in the prior year. Q4 2025 revenue was $105.7 billion, up 8.2%, with adjusted EPS of $1.09 beating analyst expectations.
Who is CVS Health's CEO?
David Joyner serves as CEO of CVS Health, having been appointed in late 2024 to lead a turnaround of the company following significant underperformance in 2024.
When did CVS acquire Aetna?
CVS Health acquired Aetna in 2018 for approximately $69 billion, transforming CVS from a pharmacy and PBM company into a fully integrated healthcare organization combining retail pharmacy, pharmacy benefits management, and health insurance.
How many CVS Pharmacy locations are there?
CVS Health operates nearly 10,000 CVS Pharmacy locations across all 50 states in the United States.
- Founded: 1963
- Headquarters: Woonsocket, Rhode Island, USA
- Company Type: Publicly Traded
- Stock: NYSE: CVS
Where Is Caremark Made / Based?
- Headquarters: Woonsocket, Rhode Island, USA
- Manufacturing / Operations: United States
Brands Owned by CVS Health
- Aetna - American health insurance company founded in 1853, owned by CVS Health since 201...
- CVS Pharmacy - American pharmacy retail chain and one of the largest pharmacy networks in the U...
- Longs Drugs - American pharmacy retail chain operating primarily in Hawaii and the western Uni...
- MinuteClinic - American retail healthcare clinic chain providing urgent care and preventive hea...
- Navarro Discount Pharmacies - American pharmacy retail chain serving Hispanic and Latino communities, owned by...
- Omnicare - American pharmacy services provider specializing in long-term care and senior li...
Caremark Ownership: Pros & Cons
Advantages
- +Integration with CVS Pharmacy retail locations for coordinated care
- +Advanced technology platforms for prescription management and tracking
- +Comprehensive specialty pharmacy services for complex medications
- +Medication therapy management and clinical support programs
- +Coordination with Aetna health insurance for seamless coverage
- +Large network of participating pharmacies nationwide
Considerations
- -Potential conflicts of interest between PBM and retail pharmacy operations
- -Pricing and formulary decisions may favor CVS Pharmacy locations
- -Regulatory scrutiny over integrated healthcare model
- -Dependency on CVS Health's corporate policies and strategies
- -Limited transparency in some pricing and coverage decisions
- -Competition from other large PBMs and integrated healthcare models
Frequently Asked Questions About Caremark
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