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  1. Home
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  3. Healthcare & Pharmaceuticals
  4. MinuteClinic
MinuteClinic logo
Healthcare & Pharmaceuticals

Who Owns MinuteClinic?

MinuteClinic is owned by CVS Health (NYSE: CVS), a publicly traded American healthcare company headquartered in Woonsocket, Rhode Island. CVS Health acquired MinuteClinic in 2006. CVS Health reported 2025 total revenues of $402.1 billion and Q2 2026 revenues of $106.1 billion. In 2025, CVS recorded a $5.73 billion writedown tied to its healthcare delivery businesses, including MinuteClinic, Oak Street Health, and Signify Health. MinuteClinic operates over 1,100 clinics across 36 states and Washington, D.C., and in 2026 launched a $29 virtual GLP-1 therapy visit program.

Parent Company

CVS Health Corporation

Acquired

2006

Status

Publicly Traded

Headquarters

Woonsocket, Rhode Island, USA

MinuteClinic Timeline

1963
CVS Health Corporation

Parent company established in Woonsocket, Rhode Island, USA

Company Founded
2000

MinuteClinic

Founded by Douglas Wayman, Myron Wayman

Founded
2006
Acquired by CVS Health Corporation

CVS Health Corporation acquired MinuteClinic

Acquired
mid rangemass marketUnited Statesall-consumersrenewable energycarbon reductionhealth equitycommunity impactOfficial Website

Who Owns MinuteClinic?

  • Parent Company: CVS Health Corporation
  • Ownership Type: Wholly owned
  • Acquisition Year: 2006
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: CVS
BrandParent CompanyOwnership Type
MinuteClinicCVS Health CorporationWholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonMinuteClinic on Amazon

History of MinuteClinic

  • Founded: 2000
  • Founders: Douglas Wayman, Myron Wayman
  • Acquired by CVS Health Corporation: 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 approach focused on treating minor illnesses and injuries with extended hours, walk-in availability, and standardized clinical protocols.

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 relationships with retail partners including CVS, Target, and Cub Foods.

In 2006, CVS Health (then CVS Caremark) acquired MinuteClinic for approximately $40 million. The acquisition allowed CVS to expand its healthcare services beyond pharmacy into primary care and urgent care. Following the acquisition, MinuteClinic clinics were integrated into CVS Pharmacy locations nationwide.

Under CVS Health ownership, MinuteClinic expanded its services beyond basic urgent care. The brand added vaccinations, chronic disease management, lab testing, and telehealth services. In 2024, MinuteClinic offered more than 50 primary care enabled services, including mental health counseling in select locations. The brand earned its sixth consecutive Ambulatory Health Care Accreditation from The Joint Commission, maintaining the Gold Seal of Approval.

In 2025, CVS Health recorded a $5.73 billion writedown tied to its healthcare delivery businesses, including MinuteClinic, Oak Street Health, and Signify Health. The company announced plans to close 16 primary care clinics and reduce new openings, reflecting challenges in the retail healthcare delivery model. Despite the writedown, CVS continued to invest in MinuteClinic's virtual care capabilities.

In 2026, CVS Health launched a comprehensive GLP-1 support program across CVS Pharmacy and MinuteClinic locations. The program includes a $29 MinuteClinic virtual visit that connects eligible adults with licensed clinicians who can evaluate and, where clinically appropriate, prescribe GLP-1 therapy. CVS Pharmacy also participates in the CMS Medicare GLP-1 Bridge program, which runs through December 31, 2027, offering eligible Medicare beneficiaries access to certain GLP-1 medications for $50 per month.

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 MinuteClinic Made / Based?

  • Headquarters: Woonsocket, Rhode Island, USA
  • Manufacturing / Operations: United States

MinuteClinic Categories & Tags

Urgent CareRetail ClinicHealthcarePreventive CareCvs HealthAmerican Brand

MinuteClinic Sustainability & Ethics

MinuteClinic participates in CVS Health's sustainability programs under the company's Healthy 2030 strategy, which spans four pillars: Healthy People, Healthy Business, Healthy Community, and Healthy Planet.

Renewable Energy: CVS Health has completed seven renewable energy investments since 2022, with physical purchase power agreements representing more than 870,000 megawatt hours of clean renewable energy. By 2026, these investments are expected to power approximately 3,000 CVS Health locations, including MinuteClinic clinics. In 2024, CVS Health began using a new offsite data center powered by 100% renewable energy.

Community Solar: In 2024, 37 CVS Pharmacy stores in Florida enrolled in community solar through a program with Florida Power and Light Company. MinuteClinic clinics co-located with these stores benefit from the community solar investments.

Logistics Efficiency: Through routing efficiencies in its retail distribution network, CVS Health reduced total miles by 3.5 million from 2023 to 2024, using 485,400 fewer gallons of diesel fuel. Since 2017, the company has saved more than 2.2 million miles through its backhaul program. These efficiencies benefit MinuteClinic supply chains.

Health Equity: MinuteClinic's focus on accessible healthcare in underserved communities aligns with CVS Health's commitment to health equity. The brand's presence in retail locations increases healthcare access in areas with limited primary care options.

CVS Health is not a Certified B Corporation. The company publishes an annual Impact Report aligned with GRI standards.

Awards & Recognition

  • The Joint Commission Accreditation: MinuteClinic has earned six consecutive Ambulatory Health Care Accreditation from The Joint Commission, maintaining the Gold Seal of Approval. Since 2006, MinuteClinic was the first retail medical clinic in the U.S. to receive this accreditation. The accreditation is valid for up to three years and applies to medical services at over 1,000 locations. The most recent survey evaluated mental health counseling services, virtual care services, and met with MinuteClinic's nurses and physician assistants.
  • Patient Experience: MinuteClinic has achieved an in-clinic Net Promoter Score (NPS) of over 81, placing it in the top customer rankings in both healthcare and across all industries. The healthcare industry average NPS ranges between +38 and +58, with scores above 80 considered "world class."
  • Industry Pioneer: MinuteClinic was the first retail medical clinic to receive The Joint Commission accreditation, establishing the model for accessible healthcare delivery that has been emulated by competitors.
  • Service Innovation: MinuteClinic has been recognized for expanding beyond traditional urgent care to offer over 50 primary care enabled services, virtual care, and mental health counseling in select locations.

MinuteClinic Recalls & Controversies

$5.73 Billion Writedown (2025): CVS Health recorded a $5.73 billion writedown tied to its healthcare delivery businesses, including MinuteClinic, Oak Street Health, and Signify Health. The writedown reflected the challenges of making retail healthcare delivery profitable. CVS announced plans to close 16 primary care clinics and reduce new openings. The writedown raised questions about the long-term viability of the retail clinic model, even as CVS continued to invest in MinuteClinic's virtual care capabilities.

Religious Discrimination Lawsuit Settlement (2025): In March 2025, MinuteClinic reached a settlement with former nurse practitioner Gudrun Kristofersdottir in a religious discrimination lawsuit. The case alleged that Kristofersdottir, who worked at a CVS MinuteClinic in Tequesta, Florida, had been granted a religious accommodation from prescribing contraceptive medication for over seven years. In August 2021, CVS revoked all religious accommodations that allowed providers to refrain from prescribing these drugs. The federal lawsuit, filed in January 2023, was resolved through settlement terms that were not made public. The case was defended by First Liberty Institute and Boyden Gray PLLC.

Federal Service Improvement Agreement: MinuteClinic entered into a settlement agreement with the United States government requiring changes to policies and procedures to provide effective communication to individuals with disabilities. The agreement addressed compliance with the Americans with Disabilities Act (ADA) and required MinuteClinic to improve service accessibility for patients with disabilities, including communication accommodations and physical access improvements at clinic locations.

FTC Settlement (2026): CVS Caremark reached a settlement with the FTC over an insulin pricing lawsuit in July 2026. While this settlement primarily affects the Caremark pharmacy benefit management division, it reflects broader regulatory scrutiny of CVS Health's business practices that extends to its integrated healthcare model including MinuteClinic.

Quality of Care Concerns: Some patients have raised concerns about diagnostic accuracy and treatment appropriateness at MinuteClinic locations. Legal questions have been raised about potential misdiagnosis cases, including situations where patients with serious conditions were initially assessed with less severe conditions. These concerns underscore the challenges of providing diagnostic services in a retail clinic setting with limited diagnostic capabilities.

Billing and Insurance Issues: MinuteClinic has faced patient complaints related to billing practices and insurance handling, as documented in Better Business Bureau complaints. Patients have reported issues with insurance verification, unexpected billing charges, and difficulties with insurance claim processing.

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
Longs DrugsHealthcare Pharmaceuticals

Longs Drugs

Owned by CVS Health Corporation

American pharmacy retail chain operating in Hawaii, owned by CVS Health. Approximately 70 stores serving Hawaiian communities.

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
View all brands owned by CVS Health Corporation

MinuteClinic Ownership: Pros & Cons

Advantages

  • +Backed by CVS Health, a $402.1 billion revenue company with nearly 10,000 retail locations
  • +Integration with CVS Pharmacy, Caremark, and Aetna creates a comprehensive healthcare network
  • +Largest retail healthcare clinic chain in the U.S. with over 1,100 locations
  • +Six consecutive Joint Commission accreditations demonstrate quality standards
  • +Net Promoter Score of over 81 places MinuteClinic among top-performing brands across all industries
  • +2026 GLP-1 virtual visit program positions MinuteClinic in the rapidly growing weight loss treatment market

Considerations

  • -$5.73 billion writedown in 2025 for CVS Health's healthcare delivery businesses, including MinuteClinic, reflects profitability challenges
  • -CVS announced plans to close 16 primary care clinics and reduce new openings, indicating a more cautious expansion approach
  • -Religious discrimination lawsuit settlement in 2025 highlighted tensions between healthcare provider rights and corporate policies
  • -Limited diagnostic capabilities compared to full-service urgent care centers or primary care practices
  • -Regulatory scrutiny of CVS Health's integrated healthcare model, including FTC settlement in 2026
  • -Competition from telehealth providers and independent urgent care chains continues to pressure the retail clinic model

Frequently Asked Questions About MinuteClinic

Sources & Further Reading

  • CVS Health Reports Fourth Quarter and Full-Year 2025 Results (February 10, 2026) -
  • CVS Health Reports Strong Second Quarter 2026 Results (August 5, 2026) -
  • CNBC: CVS Health Earnings Q2 2026 -
  • Healthcare Dive: CVS Triples Net Income in Q2 2026 -
  • Reuters: CVS Health Forecasts Double-Digit Earnings Growth for 2026 -
  • CVS Health Impact Reporting -
  • The Joint Commission Accreditation Announcement -
  • First Liberty Institute: Religious Discrimination Lawsuit Settlement -
  • U.S. Department of Justice: Federal Service Improvement Agreement -
  • MinuteClinic Official Website -
  • CVS Health Official Website -
  • Wikidata: MinuteClinic entity -
  • CVS Health NYSE: CVS Stock Page -

Competitors to MinuteClinic

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
CoramCoramSister Brand
Cvs Health
USA
1984
Mass marketUnited statesAll Genders
Walmart HealthWalmart Health
Walmart
USA
2019
Mass marketUnited statesAll Genders
WellCareWellCare
Centene
USA
1985
Mass marketUnited statesAll-ages
AetnaAetnaSister Brand
Cvs Health
United States
1853
Mass marketNorth americaAll Genders
Longs DrugsLongs DrugsSister Brand
Cvs Health
United States
1938
Mass marketUnited statesAll Genders

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
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
Walmart HealthHealthcare Pharmaceuticals

Walmart Health

Owned by Walmart Inc.

Walmart's former retail healthcare clinic initiative launched in 2019 and shut down in May 2024 after the company determined the business model was not financially sustainable. In 2026, some former clinic sites were repurposed for clinical research through a partnership with Care Access.

healthcareprimary-careretail-clinic
WellCareHealthcare Pharmaceuticals

WellCare

Owned by Centene Corporation

Centene Corporation's national Medicare Advantage and prescription drug plan brand, acquired from WellCare Health Plans for $17.3 billion in January 2020.

medicaidmedicare-advantagehealth-insurance
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
Longs DrugsHealthcare Pharmaceuticals

Longs Drugs

Owned by CVS Health Corporation

American pharmacy retail chain operating in Hawaii, owned by CVS Health. Approximately 70 stores serving Hawaiian communities.

pharmacyretailhealthcare

Competitive Analysis

Market Positioning: MinuteClinic 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 MinuteClinic

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 MinuteClinic 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 MinuteClinic which is under a publicly traded parent company.

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.

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.

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 MinuteClinic which is under a publicly traded parent company.

CVS Health Corporation Stock Information

Jobs at CVS Health Corporation

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