Cvs Health Corporation Executive Summary

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CVS Health Corporation, incorporated in 1996, together with its subsidiaries, is an integrated pharmacy healthcare company. The Company provides pharmaceutical care for the elder community through an American company that the own CVS acquired, Omnicare, Inc. The mainly operations of the firm include distribution of pharmaceutical products; pharmacy consulting related to health issues and other complementary services to chronic care facilities. The firm operations divide among three different segments: • Pharmacy Services • Retail/LTC • Corporate. The Corporation provides products and services by suggesting clients/patients on their respective treatments and medications at its CVS Pharmacy stores, that process consist …show more content…

The allowed client and patients to order prescriptions and ordinary merchandise through the website, which was called CVS.com from then on. During that, time in 1999 CVS also announced the launch of ProCare, a succession of specialty pharmacies, to attend patients with permanent diseases and special conditions that require complex and expensive drug treatments. The market for particular pharmaceutical products, estimated around $16 billion, was a fast-growing segment of the drug industry in 1999 (Rundle, 2000). However, it was also highly fragmented. CVS was one of the pioneers in seeing and understanding the potential of having a strong position in this segment of the market. In order to achieve its objective, CVS came with the purchase of Stadtlander Pharmacy in 2000, an organization that produced estimate annual revenues of $500 million by selling drugs by mail order to patients in chronic situations. By the end of the year, CVS's specialized pharmacy business consisted of mail-order operations and 46 CVS ProCare pharmacies located in 17 states across the nation. Consequently, CVS revenues reached the $20 billion mark for the first, while the company published a net income of $746 million (Rundle, 2000). CVS established an expansion strategy, that achieved by entering new markets during in several

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