CVS Pharmacy
Woonsocket, RI
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CVS was founded in 1963 in Lowell, Massachusetts by brothers Stanley and Sidney Goldstein along with Ralph Hoagland, originally opening as a health and beauty aid discount store before adding pharmacy counters to its locations starting in 1967. The company grew into the largest pharmacy chain in the United States by store count and revenue, and its 2007 acquisition of Caremark, a major pharmacy benefit manager, along with its 2018 acquisition of health insurer Aetna, transformed CVS Health into one of the largest integrated healthcare companies in the country. CVS drew significant national attention in 2014 when it became the first major U.S. pharmacy chain to voluntarily stop selling tobacco products in all of its stores, a decision the company framed as aligning its retail business with its broader healthcare mission. CVS's combination of its growth into the largest pharmacy chain in the country and its transformation into a vertically integrated healthcare and insurance conglomerate has made it one of the most structurally significant companies in the American pharmacy industry.
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- Top 6 Pharmacy Chains in America
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