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  1. Home
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  3. Healthcare & Pharmaceuticals
  4. Longs Drugs
Longs Drugs logo
Healthcare & Pharmaceuticals

Who Owns Longs Drugs?

Longs Drugs is owned by CVS Health (NYSE: CVS), a publicly traded healthcare company headquartered in Woonsocket, Rhode Island. CVS acquired Longs Drug Stores in October 2008 for $2.54 billion. Founded in 1938 by brothers Thomas and Joseph Long in Oakland, California, Longs now operates approximately 70 stores exclusively in Hawaii. Mainland stores were rebranded to CVS Pharmacy after the acquisition.

Parent Company

CVS Health Corporation

Acquired

2008

Status

Publicly Traded

Headquarters

Woonsocket, Rhode Island, United States

Longs Drugs Timeline

1938

Longs Drugs

Founded by Thomas J. Long, Joseph Long

Founded
2008
Acquired by CVS Health Corporation

CVS Health Corporation acquired Longs Drugs

Acquired
mid rangemass marketUnited StatesOfficial Website

Who Owns Longs Drugs?

  • Parent Company: CVS Health Corporation
  • Ownership Type: Wholly owned
  • Acquisition Year: 2008
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: CVS
BrandParent CompanyOwnership Type
Longs DrugsCVS Health CorporationWholly owned

Where to Buy

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AmazonLongs Drugs on Amazon

History of Longs Drugs

  • Founded: 1938
  • Founders: Thomas J. Long, Joseph Long
  • Acquired by CVS Health Corporation: 2008

Longs Drugs was founded in 1938 by brothers Thomas J. Long and Joseph Long as Longs Self-Service Drugs. The first store opened on Piedmont Avenue in Oakland, California, with a loan from Joseph's father-in-law Marion Barton Skaggs, co-founder of Safeway Inc. The company incorporated as Longs Stores in 1946.

The first Longs Drugs store in Hawaii opened on March 29, 1954, in Honolulu. This location marked the beginning of the brand's deep connection to the Hawaiian market. In 1961, the company adopted the Longs Drug Stores name and was first listed on the NASDAQ. The chain's 50th store opened in 1970, and by 1971, Longs reported sales of $169 million from 54 stores and was publicly listed on the New York Stock Exchange.

Throughout the 1970s and 1980s, Longs expanded across the western United States, operating stores in California, Nevada, Arizona, Alaska, Colorado, Oregon, Utah, and Washington. The company was headquartered in Walnut Creek, California. Longs became known for its community involvement, competitive pricing, and customer service, developing a loyal customer base particularly in Hawaii where the brand maintained dominant market share.

By the early 2000s, Longs faced increasing competition from national drugstore chains. Joseph Long retired as CEO in 2000, the first time a member of the founding family was not leading the company. The company struggled against larger chains that had greater purchasing power and more advanced supply chain operations.

On August 12, 2008, CVS Caremark Corporation (now CVS Health) announced it would acquire Longs Drug Stores for $71.50 per share, totaling approximately $2.54 billion. Walgreens made a competing bid in September 2008, offering a premium over CVS's price, but Longs shareholders rejected the Walgreens offer citing regulatory concerns about store overlap. Walgreens withdrew its bid on October 8, and CVS completed the acquisition on October 30, 2008, securing 78.07% of Longs shares.

Following the merger, CVS closed the Longs corporate offices in Walnut Creek, California, and approximately 800 employees were let go. Mainland Longs stores were rebranded to CVS Pharmacy by the end of 2009. In Hawaii, CVS retained the Longs Drugs name due to its strong brand equity and local recognition. The 39 Hawaiian stores at acquisition have since been supplemented with additional locations, while some underperforming stores have been closed.

In recent years, CVS has invested in the Hawaiian Longs Drugs network, acquiring independent pharmacy locations and rebranding them under the Longs name. However, several stores have also been closed, including locations in Honolulu, Hilo, Wahiawa, Ewa Beach, and Ward Village between 2019 and 2025.

About CVS Health Corporation

What does CVS Health own?
CVS Health owns CVS Pharmacy (nearly 10,000 retail locations), CVS Caremark (pharmacy benefits management), Aetna (health insurance), MinuteClinic (retail health clinics), Oak Street Health (Medicare primary care), Omnicare (long-term care pharmacy), Navarro Discount Pharmacies, Longs Drugs, and Coram (infusion and home health services). These brands operate across three segments: Health Care Benefits, Health Services, and Pharmacy and Consumer Wellness.

Is CVS Health publicly traded?
Yes. CVS Health Corporation is publicly traded on the New York Stock Exchange under the ticker symbol CVS. The company is a component of the S&P 500 and is owned by institutional investors, mutual funds, and individual shareholders. There is no parent company or controlling shareholder.

Who founded CVS Health?
The original Consumer Value Store was founded in 1963 in Lowell, Massachusetts by Stanley Goldstein, Sidney Goldstein, and Ralph Hoagland. The company began as a health and beauty products retailer and added pharmacy departments in 1967. It was acquired by Melville Corporation in 1969 and spun off as an independent public company in 1996.

Where is CVS Health headquartered?
CVS Health is headquartered in Woonsocket, Rhode Island, USA. The company's corporate offices, including executive leadership, finance, and strategic operations, are based in Woonsocket, with additional operational offices across the United States.

How many brands does CVS Health own?
CVS Health owns approximately 9 brands across its three operating segments. The most prominent are CVS Pharmacy, CVS Caremark, Aetna, MinuteClinic, Oak Street Health, and Omnicare. The company also operates smaller regional brands including Navarro Discount Pharmacies and Longs Drugs.

Who owns CVS Health?
CVS Health is an independent publicly traded corporation with no parent company. The company is owned by institutional investors, mutual funds, and individual shareholders who hold its NYSE-listed common stock. Major institutional holders include Vanguard Group, BlackRock, and State Street Corporation. There is no founder control or dual-class share structure.

What were CVS Health's recent financial results?
For FY2025, CVS Health reported record revenue of $402.1 billion, up 7.8% year over year, and adjusted EPS of $6.75. In Q2 2026, revenue was $106.1 billion, up 7.3%, with adjusted EPS of $2.58, beating analyst estimates of $1.85. Net income nearly tripled to $3 billion. The company raised its 2026 guidance to at least $414 billion in revenue and adjusted EPS of $7.90 to $8.10.

Has CVS Health made major acquisitions recently?
The most recent major acquisitions were Oak Street Health for approximately $10.6 billion and Signify Health for approximately $8 billion, both in 2023. The largest acquisition in company history was Aetna for approximately $69 billion in 2018. CEO David Joyner has indicated the company has the capital and leadership bandwidth to pursue additional deals across its three business areas.

  • Founded: 1963
  • Headquarters: Woonsocket, Rhode Island, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: CVS
  • Revenue: $402.1 billion (FY2025); $206.5 billion (H1 2026)
  • Employees: Approximately 300,000

Visit CVS Health Corporation website

View full company profile for CVS Health Corporation

Where Is Longs Drugs Made / Based?

  • Headquarters: Woonsocket, Rhode Island, United States

Longs Drugs Categories & Tags

PharmacyRetailHealthcareDrugstoreCvs HealthHawaii

Longs Drugs Sustainability & Ethics

Longs Drugs operates under CVS Health's corporate sustainability framework, known as Healthy 2030. This strategy encompasses four pillars: Healthy People, Healthy Business, Healthy Community, and Healthy Planet. CVS Health publishes annual impact reports detailing progress across these areas.

Medication Disposal: Longs Drugs participates in CVS Health's medication disposal programs, providing safe disposal of expired and unused medications. These programs help prevent environmental contamination and reduce the risk of prescription drug misuse. CVS Health reports metrics on waste reduction and responsible disposal practices across its pharmacy network.

Store Operations: Longs Drugs stores implement energy efficiency measures including LED lighting, efficient HVAC systems, and waste reduction programs. CVS Health has set targets for increasing the percentage of non-medical waste recycled across its retail locations. However, Longs Drugs does not hold independent environmental certifications such as LEED for its individual store locations.

Supply Chain: CVS Health assesses suppliers based on environmental practices, labor standards, and ethical business conduct. Longs Drugs' Hawaiian supply chain includes local distributors that support the island economy while reducing transportation emissions where possible. However, the geographic isolation of Hawaii means most products must be shipped long distances.

Opioid Compliance: Following significant litigation related to opioid dispensing practices (detailed in the Recalls and Controversies section), CVS Health has implemented enhanced compliance programs across all pharmacy locations, including Longs Drugs stores. These programs include stricter prescription monitoring, enhanced staff training, and improved systems for identifying suspicious prescription orders.

Longs Drugs does not hold B Corp certification, and no independent third-party environmental audits specific to the Longs Drugs brand are publicly available. Sustainability claims are reported at the CVS Health corporate level.

Awards & Recognition

Longs Drugs has received recognition primarily for its community presence in Hawaii rather than through formal industry awards. The brand's deep integration into Hawaiian communities has been acknowledged by local business organizations and community groups.

Business View Magazine has featured Longs Drugs for its community support and healthcare innovation in Hawaii. The brand's localized business model, which combines in-store and online services while partnering with local organizations, has been cited as an effective approach to community healthcare delivery in an island market.

As part of CVS Health, Longs Drugs benefits from the parent company's broader recognition. CVS Health has been included in the Fortune 500 and has received recognition from healthcare industry organizations for its integrated care models and pharmacy services. However, specific independent awards for the Longs Drugs brand entity are limited, as the brand operates as a regional division rather than a standalone company.

Longs Drugs Recalls & Controversies

Opioid Crisis Litigation: CVS Health, including its Longs Drugs subsidiary, has been involved in major litigation related to the opioid crisis. In December 2022, CVS agreed to pay approximately $5 billion over 10 years to settle thousands of lawsuits claiming the company contributed to the opioid epidemic by dispensing opioid prescriptions despite red flags. The settlement was part of a broader agreement involving CVS, Walgreens, and Walmart totaling over $13 billion to resolve more than 3,000 lawsuits from states, municipalities, and Native American tribes.

Department of Justice Lawsuit (2024): In December 2024, the U.S. Department of Justice filed a civil lawsuit against CVS Pharmacy Inc. and subsidiaries, alleging that CVS knowingly filled unlawful prescriptions for controlled substances in violation of the Controlled Substances Act. The complaint, unsealed in Providence, Rhode Island, claims CVS dispensed suspicious opioid prescriptions despite red flags and sought reimbursement from federal healthcare programs. This litigation affects all CVS Health pharmacy operations, including Longs Drugs stores in Hawaii.

Store Closures in Hawaii: Between 2019 and 2025, CVS Health closed several Longs Drugs locations in Hawaii, including stores in Honolulu (two closures in 2019 and 2022), Hilo (2022), Wahiawa (2022), Ewa Beach (June 2024), and Ward Village (June 2025). These closures have drawn community concern in Hawaii, where Longs Drugs is viewed as a local institution. Community leaders and residents have expressed concern about reduced access to pharmacy services in affected neighborhoods.

Competition with Walgreens: Since Walgreens entered the Hawaii market in 2007, Longs Drugs has faced increased competition. Walgreens has expanded to approximately 25 to 30 locations in Hawaii, challenging Longs' historically dominant position. Some industry analysts have questioned whether CVS Health's investment in the Longs brand in Hawaii is sufficient to maintain market share against Walgreens' expansion.

Brands Owned by CVS Health Corporation

AetnaHealthcare Pharmaceuticals

Aetna

Owned by CVS Health Corporation

American managed care and health insurance company offering medical, dental, pharmacy, and behavioral health plans, operating as a subsidiary of CVS Health Corporation.

health-insurancemanaged-carehealthcare
CaremarkHealthcare Pharmaceuticals

Caremark

Owned by CVS Health Corporation

Pharmacy benefit manager owned by CVS Health, administering prescription drug benefits for employers and health plans. In July 2026, Caremark reached a settlement with the FTC over insulin pricing and rebate practices.

pharmacy-benefit-managerpbmprescription-drugs
CVS PharmacyHealthcare Pharmaceuticals

CVS Pharmacy

Owned by CVS Health Corporation

American pharmacy retail chain and one of the largest pharmacy networks in the United States, owned by CVS Health.

pharmacyretailhealthcare
MinuteClinicHealthcare Pharmaceuticals

MinuteClinic

Owned by CVS Health Corporation

American retail healthcare clinic chain operating over 1,100 locations within CVS Pharmacy stores, owned by CVS Health. Provides urgent care, vaccinations, chronic disease management, and virtual care services.

urgent-careretail-clinichealthcare
Navarro Discount PharmaciesHealthcare Pharmaceuticals

Navarro Discount Pharmacies

Owned by CVS Health Corporation

Retail pharmacy chain serving Hispanic and Latino communities in South Florida. Owned by CVS Health since 2014. 33 stores across Miami-Dade, Broward, Tampa, and Orlando.

pharmacyretailhealthcare
OmnicareHealthcare Pharmaceuticals

Omnicare

Owned by CVS Health Corporation

Long-term care pharmacy services provider, formerly owned by CVS Health. Filed for Chapter 11 bankruptcy in September 2025 after $949 million False Claims Act judgment.

long-term-carepharmacysenior-living
View all brands owned by CVS Health Corporation

Longs Drugs Ownership: Pros & Cons

Advantages

  • +CVS Health's national purchasing power and supply chain infrastructure provide Longs Drugs with cost advantages and product availability that an independent Hawaiian pharmacy chain could not match
  • +Integration with Caremark pharmacy benefits management and Aetna health insurance creates a seamless healthcare experience for Longs customers who use these services
  • +The Longs Drugs brand retains strong local recognition in Hawaii, giving CVS a competitive advantage over Walgreens in the Hawaiian market
  • +CVS Health's digital platforms, including prescription ordering and the ExtraCare loyalty program, provide Longs customers with modern convenience while maintaining the local brand identity

Considerations

  • -The opioid litigation against CVS Health has damaged the reputation of all CVS pharmacy operations, including Longs Drugs, potentially affecting customer trust in a market where Longs is viewed as a community institution
  • -Store closures between 2019 and 2025 have reduced access to pharmacy services in some Hawaiian communities, creating tension between CVS Health's corporate profitability standards and community needs
  • -Longs Drugs has no independent operational authority, with all decisions made by CVS Health corporate leadership in Rhode Island, limiting the brand's ability to respond to local market conditions independently
  • -Dependence on CVS Health's strategic priorities means that further store closures or brand changes could occur if CVS determines the Hawaiian market is underperforming relative to corporate expectations

Frequently Asked Questions About Longs Drugs

Sources & Further Reading

  • CVS Health 2025 Annual Report (10-K) -
  • CVS Health Q4 and Full-Year 2025 Results -
  • CVS Health Investor Relations -
  • Longs Drugs Official Website -
  • CVS Health Longs Drugs Page -
  • Wikipedia: Longs Drugs -
  • CVS Caremark Tender Offer Press Release (2008) -
  • SEC Form 8-K: Longs Drug Stores Merger Agreement -
  • DOJ CVS Lawsuit Press Release -
  • NPR: CVS Opioid Settlement -
  • National Opioid Settlement -
  • Honolulu Advertiser: CVS Longs Name Retention -
  • Business View Magazine: Longs Drugs Hawaii -

Competitors to Longs Drugs

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
CVS PharmacyCVS PharmacySister Brand
Cvs Health
USA
1963
Mass marketUnited statesAll Genders
Navarro Discount PharmaciesNavarro Discount PharmaciesSister Brand
Cvs Health
United States
1940
Mass marketRegionalAll-ages
OmnicareOmnicareSister Brand
Cvs Health
USA
1981
Mass marketUnited statesAll-ages
Amazon PharmacyAmazon Pharmacy
Amazon
USA
2020
Mass marketUnited statesAll Genders
CoramCoramSister Brand
Cvs Health
USA
1984
Mass marketUnited statesAll Genders
MinuteClinicMinuteClinicSister Brand
Cvs Health
USA
2000
Mass marketUnited statesAll-consumers

Learn More About Competitors

CVS PharmacyHealthcare Pharmaceuticals

CVS Pharmacy

Owned by CVS Health Corporation

American pharmacy retail chain and one of the largest pharmacy networks in the United States, owned by CVS Health.

pharmacyretailhealthcare
Navarro Discount PharmaciesHealthcare Pharmaceuticals

Navarro Discount Pharmacies

Owned by CVS Health Corporation

Retail pharmacy chain serving Hispanic and Latino communities in South Florida. Owned by CVS Health since 2014. 33 stores across Miami-Dade, Broward, Tampa, and Orlando.

pharmacyretailhealthcare
OmnicareHealthcare Pharmaceuticals

Omnicare

Owned by CVS Health Corporation

Long-term care pharmacy services provider, formerly owned by CVS Health. Filed for Chapter 11 bankruptcy in September 2025 after $949 million False Claims Act judgment.

long-term-carepharmacysenior-living
Amazon PharmacyHealthcare Pharmaceuticals

Amazon Pharmacy

Owned by Amazon.com Inc.

Amazon's online pharmacy service offering prescription medications and home delivery, operating as a division of Amazon.com Inc.

pharmacymedicationshealthcare
CoramHealthcare Pharmaceuticals

Coram

Owned by CVS Health Corporation

American specialty pharmacy and home infusion services provider, owned by CVS Health since 2014. Coram serves patients with complex conditions requiring specialized infusion therapy.

specialty-pharmacyinfusion-serviceshome-care
MinuteClinicHealthcare Pharmaceuticals

MinuteClinic

Owned by CVS Health Corporation

American retail healthcare clinic chain operating over 1,100 locations within CVS Pharmacy stores, owned by CVS Health. Provides urgent care, vaccinations, chronic disease management, and virtual care services.

urgent-careretail-clinichealthcare

Competitive Analysis

Market Positioning: Longs Drugs competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Longs Drugs

Looking for brands with different ownership structures? These similar brands are not owned by CVS Health Corporation, giving you alternative choices that support different corporate structures.

Pharmacy DirectHealthcare Pharmaceuticals

Pharmacy Direct

Owned by Chempro Chemists

Australian online pharmacy operated by Chempro Chemists from Molendinar, Queensland. Offers prescription medications, health products, and wellness items through digital platforms and mail-order delivery.

online-pharmacymail-orderdigital-health
Privately Owned

Pharmacy Direct is privately owned, unlike Longs Drugs which is under a publicly traded parent company.

TirosintHealthcare Pharmaceuticals

Tirosint

Owned by IBSA Institut Biochimique S.A.

IBSA Institut Biochimique SA's branded levothyroxine softgel capsule (Tirosint) and liquid solution (Tirosint-SOL), FDA approved for hypothyroidism, formulated without dyes, gluten, lactose, alcohol, or sugar, providing an excipient-free alternative to conventional levothyroxine tablets for patients with sensitivities or absorption issues.

levothyroxinehypothyroidismthyroid
Privately Owned

Tirosint is privately owned, unlike Longs Drugs which is under a publicly traded parent company.

Bausch + LombHealthcare Pharmaceuticals

Bausch + Lomb

Owned by Bausch + Lomb Corporation

Global eye health company and contact lens manufacturer founded in 1853, known for ULTRA, Biotrue One Day, and INFUSE lens lines. Public on NYSE and TSX under BLCO.

contact-lensesvision-carebausch-lomb
Publicly Traded

Bausch + Lomb operates independently without a large parent corporation.

GoodRxHealthcare Pharmaceuticals

GoodRx

Owned by GoodRx Holdings, Inc.

American healthcare technology platform providing prescription drug price comparison, discount coupons, and telehealth services to help consumers find affordable healthcare options.

prescription-savingshealthcare-technologydrug-prices
Publicly Traded

GoodRx operates independently without a large parent corporation.

HerbalifeHealthcare Pharmaceuticals

Herbalife

Owned by Herbalife Ltd.

Global nutrition and weight-management brand owned by Herbalife Ltd. and sold through independent distributors in more than 90 markets.

nutritiondietary-supplementsweight-management
Publicly Traded

Herbalife operates independently without a large parent corporation.

RetavaseHealthcare Pharmaceuticals

Retavase

Owned by EKR Therapeutics, Inc.

Retavase (reteplase) is a prescription thrombolytic medication indicated for acute ST-elevation myocardial infarction. Administered as two 10-unit intravenous bolus injections 30 minutes apart. Currently marketed by Chiesi USA.

pharmaceuticalthrombolyticreteplase
Privately Owned

Retavase is privately owned, unlike Longs Drugs which is under a publicly traded parent company.

CVS Health Corporation Stock Information

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team