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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 ...
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.
Caremark was founded as a physician and pharmacy benefits management company in 1993. [1] It was founded in Birmingham, Alabama as MedPartners, Inc. by former HealthSouth Corporation chief executive Richard Scrushy. [1] New Enterprise Associates was an initial investor in the company. [2] MedPartners went public in February 1995. [3]
Education. Boston College ( BS) Boston University ( MBA) Karen S. Lynch ( née Rohan, born December 30, 1963) is an American businesswoman and the president and chief executive officer of CVS Health. Lynch serves on the board of directors of AHIP, CVS Health, and U.S. Bancorp. In 2015, she became the first female president of Aetna.
CVS Health Corp, which owns Hartford-based health insurer Aetna, plans to eliminate 5,000 corporate job nationwide this year, as the pharmacy giant seeks to trim expenses and shift investments ...
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