CVSHealth

Company

Investment-firm

Last deal

Amount

Post-IPO Equity

Stage

25.11.2019

Date

1

all rounds

Financing round

General

About Company
CVS Health offers integrated healthcare services for its members.

Industry

Sector :

Subsector :

Keywords :

Also Known As

CVS, CVS Caremark, CVS/pharmacy

founded date

01.01.1963

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

The company, founded in 1963, is based in Woonsocket, Rhode Island, and provides a comprehensive healthcare services offering that includes the largest pharmacy benefit manager and a sizable pharmacy operation with nearly 10,000 retail pharmacy locations primarily in the United States. Following its acquisition of Aetna in late 2018, CVS Health now also offers a managed-care organization with 24 million medical members, giving the company a strong position in the insurance industry and enabling it to better control overall healthcare costs for its clients.
Contacts

Contact Email

Phone number

Social url

Sub-Organizations
5

Arbor Drugs

Troy, Michigan-based drug store chain.

Sector

Personal Care, Drug and Grocery Stores

Subsector

Drug Retailers

Keywords

Health Care

Location

Troy, MI, USA
MinuteClinic

MinuteClinic

CVS/minuteclinic is a retail medical clinic operated by CVS Health, the largest pharmacy healthcare provider in the US.

Sector

Health Care Providers

Subsector

Health Care Facilities

Keywords

Health Care, Medical, Dentistry

Location

Woonsocket, RI 02895, USA

total rounds

1

total raised

$15M
Omnicare

Omnicare

Omnicare is a leading provider of comprehensive pharmaceutical services across the United States.

Sector

Pharmaceuticals and Biotechnology

Subsector

Pharmaceuticals

Keywords

Health Care, Pharmaceuticals, Medical

Location

Cincinnati, OH, USA
Similar Companies
59
Caremark

Caremark

Caremark is a company that provides integrated pharmacy health care services in the United States.

Sector

Personal Care, Drug and Grocery Stores

Subsector

Drug Retailers

Keywords

Health Care, Pharmaceuticals, Medical

Location

San Antonio, TX, USA
Viva Health

Viva Health

Viva Health is an innovative primary healthcare provider in Indonesia.

Sector

Personal Care, Drug and Grocery Stores

Subsector

Drug Retailers

Location

Tembalang, Semarang City, Central Java, Indonesia
Honest Health

Honest Health

Honest Health provides hair loss-related products, including compounded solutions.

Sector

Personal Care, Drug and Grocery Stores

Subsector

Personal Products

Location

London, UK

total rounds

1
Walgreens

Walgreens

Walgreens is the largest drugstore chain in the United States.

Sector

Personal Care, Drug and Grocery Stores

Subsector

Drug Retailers

Keywords

Beauty, Cosmetics, Health Care

Location

New York, NY, USA

total rounds

1

total raised

$25M

count Of Investments

5

count Of Exists

1

Financials

Funding Rounds
1
1

Number of Funding Rounds

Their latest funding was raised on 25.11.2019. Their latest investor Starboard Value. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Starboard Value

Starboard Value

Starboard Value is an investment adviser for publicly traded US small cap companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

New York, NY, USA

count Of Investments

16

count Of Exists

3
Investments
15
Date 
name 
Lead 
type 
Raised 
18.10.2023
No
$20M
10.08.2023
Yes
$4M
American Diabetes Association

American Diabetes Association

The American Diabetes Association funds research and provides services for diabetes.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Health Care, Fitness, Non-Profit

Location

Alexandria, VA, USA

total rounds

3

total raised

$3.75M
Waymark

Waymark

Waymark improves Medicaid access and care quality for individuals in need.

Sector

Health Care Providers

Subsector

Health Care Services

Keywords

Health Care, Medical

total rounds

2

total raised

$42M
March of Dimes

March of Dimes

March of Dimes improves maternal and infant health through research and advocacy.

Sector

Health Care Providers

Subsector

Health Care Management Services

Keywords

Health Care, Non-Profit

Location

White Plains, NY, USA

total rounds

5

total raised

$6M

count Of Investments

5
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Post-IPO Equity
Starboard Value

Starboard Value

Starboard Value is an investment adviser for publicly traded US small cap companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

New York, NY, USA

count Of Investments

16

count Of Exists

3
Acquisitions
21
Acquiree Name 
Date 
Price 
Acquisition Name 
Hella Group acquired by CVSHealth

Hella Group acquired by CVSHealth

acquirer

CVSHealth
CVSHealth

date

30.04.2024

type

Acquisition
Hella Group

Hella Group

Hella Health is a startup Medicare Advantage (MA) broker.

Oak Street Health acquired by CVSHealth

Oak Street Health acquired by CVSHealth

acquirer

CVSHealth
CVSHealth

date

11.01.2023

type

Acquisition

price

$10B
Oak Street Health

Oak Street Health

Oak Street Health is a fast-growing network of primary care centers for adults on Medicare.

Sector

Health Care Providers

Subsector

Health Care Management Services

Location

Chicago, IL, USA

total rounds

5

total raised

$405.34M
Signify Health acquired by CVSHealth

Signify Health acquired by CVSHealth

acquirer

CVSHealth
CVSHealth

date

05.09.2022

type

Acquisition

price

$8B
Signify Health

Signify Health

Signify Health is a healthcare platform that develops value-based healthcare payment programs.

Sector

Health Care Providers

Subsector

Health Care Management Services

Keywords

Health Care, Medical

Location

Dallas, TX, USA
Exits
1
Rakuten Americas

Rakuten Americas

Curbside is a mobile commerce platform that enables consumers to easily find, purchase, and pick up products from local stores.

Sector

Retailers

Subsector

Diversified Retailers

Location

Palo Alto, CA, USA

total rounds

4

total raised

$34.5M

People

Founders
2
Vijay Patel
Vijay Patel

Vijay Patel

Vijay Jun Patel is the Co-Founder & Partner CVS Health Ventures.

current job

CVS Health Ventures

organization founded

1

Vijay Patel

Larry Merlo
Larry Merlo

Larry Merlo

Larry Merlo is President and Chief Executive Officer of CVS Health, a pharmacy innovation company that is at the forefront of a changing health care environment. The company, with net annual revenues of $139 billion, touches more than 100 million people each year through its unique combination of assets, including 7,900 retail pharmacies, more than 1,000 walk-in medical clinics, a leading pharmacy benefits manager with more than 70 million plan members, a comprehensive provider of pharmacy services to long term care facilities, and expanding specialty pharmacy services. Under Merlo’s leadership, the company is transforming health care by delivering breakthrough products and services that enable people, businesses and communities to manage health in more affordable, effective ways. As part of this deep commitment to public health, in 2014 the company announced the landmark decision to be the first major retail pharmacy to eliminate tobacco sales in all of its stores. To reflect this broader health care commitment, the company subsequently changed its corporate name to CVS Health. Merlo, a pharmacist by education, joined CVS/pharmacy in 1990 through the company’s acquisition of Peoples Drug. Prior to assuming the role of President and CEO in 2011, Merlo held positions of increasing responsibility, most recently President of CVS/pharmacy. Under his leadership, the company completed some of the most successful acquisitions in the history of retail pharmacy and delivered significant organic growth in major markets across the country. Merlo currently serves on the Board of the National Association of Chain Drug Stores (NACDS) and the University of Pittsburgh’s Board of Trustees. He is also a member of the Business Roundtable. He is a graduate of the University of Pittsburgh School of Pharmacy.

current job

CVSHealth
CVSHealth

organization founded

1

Larry Merlo

Employee Profiles
6526

John Lynch

Director, pharmacy provider network development

Sunanda Parthasarathy

Sunanda Parthasarathy

Senior Director Data Science, Retail Pharmacy Personalization

Adam Davis

Executive talent acquisition partner

Kyle Oiness

Senior manager, front store product management at cvs health

Jeremy Gallus

Strategic account director, anthem | ingeniorx divison

Stephen Mastin

It director - infrastructure shared services

Renae Axelson

Senior manager, privacy advisory services, cvs health

Nicole Murowsky

Executive director

Activity

Recent News
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