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The new company is called CVS Caremark Corporation and the corporate headquarters remains in Woonsocket, Rhode Island. The new pharmacy services business, including the combined pharmacy benefits management (PBM), specialty pharmacy, and disease management businesses, is headquartered in Nashville, Tennessee.
The first Consumer Value Store (CVS), selling health and beauty products, was founded in 1963, in Lowell, Massachusetts, by brothers Stanley and Sidney Goldstein and Ralph Hoagland. By 1964, CVS had 17 stores that sold primarily beauty products. In 1967, CVS opened its first stores with pharmacy departments in Warwick, Rhode Island, and ...
Revenue. US$ 36.7 billion (2006) Number of employees. 13,628 (2005) Parent. CVS Health. Website. www .caremark .com. CVS Caremark (formerly Caremark Rx) (stylized as CVScaremark, previously CVS / caremark) is the pharmacy benefit management subsidiary of CVS Health, headquartered in Woonsocket, Rhode Island .
While Rhode Island might be the headquarters to some truly massive companies, like CVS, the state's biggest employer is the hospital system Lifespan, with over 10,000 jobs in the state, followed ...
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The Woonsocket-based health care giant says most of the cuts will be at corporate facilities. RI has 20 such facilities in five cities and towns. CVS to lay off 5,000 mostly corporate workers ...
Being Rhode Island's northernmost city, Woonsocket lies directly south of the Massachusetts state line and constitutes part of both the Providence metropolitan area and the larger Greater Boston Combined Statistical Area. The city is the corporate headquarters of CVS Health, a pharmacy services provider.
With roughly 85% of Americans living within five miles of a CVS pharmacy, the company is the most profitable retail pharmacy in the U.S. While Rite Aid has a net worth of roughly $200 million and ...