Who Owns Longs Drugs?
Longs Drugs is owned by CVS Health, a publicly traded American healthcare company. CVS Health acquired Longs Drug Stores in 2012, expanding its pharmacy retail presence in Hawaii and the western United States. The company is headquartered in Woonsocket, Rhode Island, USA.
Parent Company
CVS Health
Acquired
2012
Status
Publicly Traded
Headquarters
Woonsocket, Rhode Island, USA
Who Owns Longs Drugs?
- Parent Company: CVS Health
- Ownership Type: Acquired
- Acquisition Year: 2012
- Company Type: Publicly Traded
- Stock Ticker: NYSE: CVS
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Longs Drugs | CVS Health | Acquired |
History of Longs Drugs
- Founded: 1928
- Founders: Joseph Long
- Acquired by CVS Health: 2012
Longs Drugs was founded in 1928 by Joseph Long in Oakland, California. The company established itself as a regional pharmacy and drugstore chain, focusing on providing quality healthcare products and services to customers in California and the western United States. Longs Drugs became particularly prominent in Hawaii, where it developed a strong market presence and community relationships.
Throughout the mid-20th century, Longs Drugs expanded its store footprint across the western United States and Hawaii. The company became known for its community involvement, competitive pricing, and customer service. Longs Drugs developed a loyal customer base, particularly in Hawaii where the brand maintained significant market share.
In 2012, CVS Health acquired Longs Drug Stores for approximately $2.7 billion. This acquisition allowed CVS to expand its pharmacy retail presence in Hawaii and the western United States, regions where Longs Drugs had established strong market positions and community relationships.
Under CVS Health ownership, Longs Drugs has maintained its regional presence while gaining access to CVS's broader resources, technology platforms, and pharmacy benefits management services. The brand continues to serve as an important pharmacy retailer in Hawaii and western markets.
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 Longs Drugs 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...
- Caremark - American pharmacy benefits management company and one of the largest PBMs in the...
- CVS Pharmacy - American pharmacy retail chain and one of the largest pharmacy networks in the U...
- 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...
Longs Drugs Ownership: Pros & Cons
Advantages
- +Strong regional presence in Hawaii and western United States
- +Access to CVS Health's broader resources and technology platforms
- +Integration with Caremark pharmacy benefits management
- +Community-focused approach and established customer relationships
- +Competitive pricing and customer service traditions
- +Coordination with Aetna health insurance for seamless coverage
Considerations
- -Potential loss of independent decision-making authority
- -Dependency on CVS Health's corporate policies and strategies
- -Integration challenges with larger corporate structure
- -Limited independence in pricing and formulary decisions
- -Regulatory scrutiny over integrated healthcare model
- -Balance between maintaining regional focus and corporate efficiency
Frequently Asked Questions About Longs Drugs
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