Who Owns MinuteClinic?
MinuteClinic is owned by CVS Health, a publicly traded American healthcare company. CVS Health acquired MinuteClinic in 2006, integrating it into its retail healthcare services. The company is headquartered in Chicago, Illinois, USA.
Parent Company
CVS Health
Acquired
2006
Status
Publicly Traded
Headquarters
Chicago, Illinois, USA
Who Owns MinuteClinic?
- Parent Company: CVS Health
- Ownership Type: Acquired
- Acquisition Year: 2006
- Company Type: Publicly Traded
- Stock Ticker: NYSE: CVS
| Brand | Parent Company | Ownership Type |
|---|---|---|
| MinuteClinic | CVS Health | Acquired |
History of MinuteClinic
- Founded: 2000
- Founders: Douglas Wayman, Myron Wayman
- Acquired by CVS Health: 2006
MinuteClinic was founded in 2000 by Douglas Wayman and Myron Wayman in Minneapolis, Minnesota. The company pioneered the retail healthcare clinic model, providing convenient urgent care and preventive health services in retail locations. MinuteClinic's innovative approach to healthcare delivery focused on treating minor illnesses and injuries with extended hours and minimal wait times.
Throughout the early 2000s, MinuteClinic expanded rapidly, establishing itself as the largest retail healthcare clinic chain in the United States. The company developed standardized protocols for common conditions, trained nurse practitioners and physician assistants, and built strong relationships with retail partners.
In 2006, CVS Health (then CVS Caremark) acquired MinuteClinic for approximately $40 million, recognizing the strategic value of retail healthcare clinics in its integrated healthcare model. This acquisition allowed CVS to expand its healthcare services beyond pharmacy into primary care and urgent care services.
Under CVS Health ownership, MinuteClinic has continued to expand, with clinics now operating in most CVS Pharmacy locations across the United States. The brand has evolved to offer expanded services including vaccinations, chronic disease management, and telehealth services, further integrating with CVS's comprehensive healthcare offerings.
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 MinuteClinic Made / Based?
- Headquarters: Chicago, Illinois, 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...
- Longs Drugs - American pharmacy retail chain operating primarily in Hawaii and the western Uni...
- 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...
MinuteClinic Ownership: Pros & Cons
Advantages
- +Convenient locations within CVS Pharmacy stores for integrated care
- +Extended hours and minimal wait times for urgent care needs
- +Coordination with CVS Pharmacy for prescription services
- +Integration with Aetna health insurance for seamless coverage
- +Expanded services including vaccinations and chronic disease management
- +Telehealth services for remote consultations
Considerations
- -Limited scope of services compared to full-service urgent care centers
- -Dependency on CVS Health's corporate policies and strategies
- -Potential conflicts of interest between retail clinic and pharmacy operations
- -Limited availability of specialists and advanced diagnostic services
- -Regulatory scrutiny over integrated healthcare model
- -Variable quality and consistency across different clinic locations
Frequently Asked Questions About MinuteClinic
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