5 Major Subsidiaries Owned by NYSE:CVS

CVS Health, commonly referred to by its ticker symbol NYSE:CVS, is a leading American healthcare company that operates a chain of pharmacies, offers health insurance, and provides various healthcare services. With a diverse portfolio of businesses, CVS Health has established itself as a major player in the healthcare industry. This article will explore five major subsidiaries owned by CVS Health, highlighting their significance and contributions to the company's overall success.

Overview of CVS Health

CVS Health is a Fortune 50 company that operates at the intersection of healthcare and retail. With over 9,900 locations across the United States, CVS Health is one of the largest pharmacy chains in the country. The company was founded in 1963 by Thomas and James Skinner, and it has since grown through strategic acquisitions and partnerships.

Subsidiaries of CVS Health

CVS Health has a diverse portfolio of subsidiaries that operate under its umbrella. These subsidiaries play a crucial role in driving the company’s growth and success. Here are five major subsidiaries owned by CVS Health:

Aetna Inc.

Aetna Inc. is a health insurance company that was acquired by CVS Health in 2018 for approximately $69 billion. Aetna provides health insurance plans to individuals, families, and businesses, offering a range of coverage options, including medical, dental, and vision plans. With over 22 million customers, Aetna is one of the largest health insurance companies in the United States.

CVS Pharmacy

CVS Pharmacy is the largest pharmacy chain owned by CVS Health, operating over 9,900 locations across the United States. CVS Pharmacy offers a wide range of products and services, including prescription medications, over-the-counter medications, beauty and personal care products, and photo services.

MinuteClinic

MinuteClinic is a subsidiary of CVS Health that operates a chain of walk-in clinics, offering basic medical services, including vaccinations, health screenings, and treatment for minor illnesses and injuries. With over 1,100 locations, MinuteClinic is one of the largest retail clinic chains in the United States.

CVS Caremark

CVS Caremark is a pharmacy benefit management (PBM) company that provides medication management services to health plans, employers, and individuals. CVS Caremark offers a range of services, including prescription processing, medication therapy management, and patient education programs.

CVS Specialty

CVS Specialty is a subsidiary of CVS Health that provides specialty pharmacy services, offering medications and support services for patients with complex conditions, such as cancer, HIV/AIDS, and multiple sclerosis.

These subsidiaries play a crucial role in driving CVS Health's growth and success, enabling the company to offer a comprehensive range of healthcare services to its customers.

In conclusion, CVS Health is a diversified healthcare company with a portfolio of subsidiaries that play a crucial role in driving its growth and success. From health insurance to pharmacy services, CVS Health offers a comprehensive range of healthcare services to its customers.