CVS Health Corp.

CVS Health Corp.

CVS Health Corp.

Overview
Date Founded

1996

Headquarters

ONE CVS DRIVE, WOONSOCKET, RI, 02895

Type of Company

Public

Employees (Worldwide)

290K

Industries

Retail: Drug Stores
Consumer Services
Hospitals & Patient Services
Medical Support Services
Biotechnology

Company Description

CVS Health Corp. engages in the provision of health care services. It operates through the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioural health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

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Executives & Employees

President, Chief Executive Officer, Director

Vice President-Assistant Secretary & Assistant General Counsel

Executive Vice President & Chief Operating Officer, Interim President, CVS Pharmacy

Chief Policy & External Affairs Officer, Executive Vice President

Senior Vice President & Chief Compliance Officer

Chief Medical Officer

Chief Human Resources Officer & Executive Vice President

Senior Vice President & Chief Tax Officer

Senior Vice President, Controller & Chief Accounting Officer

Secretary, Senior Vice President & Assistant General Counsel

Board of Directors

Fund Advisor at Centerview Partners Holdings LLC

Partner & Co-Founder at Consonance Capital Partners LLC

Former President & Chief Executive Officer at Becton, Dickinson & Co.

Former Co-Chief Executive Officer at Tory Burch LLC

Vice Chair for Global Public Policy at Bloomberg LP

Former Chairman, President & Chief Executive Officer at Foster Wheeler AG

Chief Financial Officer & Chief Compliance Officer at BlueSpruce Investments LP

Chief Executive Officer at Erie SeaWolves

Former Chief Executive Officer at HCA Healthcare, Inc.

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CVS Health Corp.
Owners & Shareholders
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Wellington Management's investment services rely on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macroanalysts, quantitative analysts and technical analysts. Wellington Management's portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team's investment approach. The firm supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

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Dodge & Cox employs in-house fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm's approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

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MIMBT maintains a flexible strategy designed to conform with various clients' individual investment objectives, whether such objectives are growth, total return, current income, tax-exempt income, asset allocation, international or global, or stability of principal. In addition, a portfolio manager will generally consider the composition of the relevant benchmark index, as well as the composition of portfolios within a competitive peer group when constructing the portfolio for a fund. This method is designed to minimize both excessive volatility within the portfolio and wide divergence in performance versus the market in a given investment style or mandate, while seeking to produce consistently above average long-term performance. MIMBT manages separate client-focused equity, debt, and balanced portfolios. They invest in the public equity and debt markets of the US, non-US, and other emerging economies. They invest in growth-oriented value stocks of small-cap, mid-cap and large-cap companies. The firm selects countries by utilizing a top-down approach and selects using fundamental analysis with a bottom-up approach.

Recent Transactions
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True Nature Holding, Inc. purchases MinuteClinic LLC from CVS Health Corp.

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Mitchell International, Inc., Mitchell International Holding, Inc. purchase Coventry Workers' Compensation Services from CVS Health Corp.

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CVS Health Corp. purchases Illinicare Health Plan Inc/ Medicaid & Medicare Adv Bus from Centene Corporation

Insider Transactions
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Advisors & Consultants
Legal Advisor

Partner at Sullivan & Cromwell LLP

Advisor

Chair, Global Corporate Practice at Weber Shandwick, Inc.

Legal Advisor

Partner at Fried, Frank, Harris, Shriver & Jacobson LLP

Clients

At WellPoint, we believe there is an important connection between our members’ health and well-being—and the value we bring our customers and shareholders. So each day we work to improve the health of our members and their communities. WellPoint is one of the nation’s largest health benefits companies, with more than 36 million members in its affiliated health plans and nearly 67 million individuals served through its subsidiaries. One in nine Americans receives coverage for their medical care through WellPoint's affiliated plans. We offer a broad range of medical and specialty products.

Aetna, Inc. engages in the provision of traditional, voluntary, and consumer-directed health insurance products and related services. It offers individuals, employers, healthcare professionals, producers, with benefits, products and services. The company was founded by Eliphalet Adams Bulkeley in 1853 and is headquartered in Hartford, CT.

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

Key Stats and Financials As of 2019
Market Capitalization
$82.6B
Total Enterprise Value
$178B
Earnings Per Share
$5.08
Revenue
$257B
Debt TEV
0.5x
Total Debt
$89B
Total Equity
$64.2B
EBITDAMargin
6.64%
Enterprise Value Sales
0.69x
Enterprise Value EBITDAOperating
9.25x
TEVNet Income
26.88x
EBITDA
$17B
Net Profit
$6.63B
Three Year Compounded Annual Growth Rate Of Revenue
13.06%
Five Year Compounded Annual Growth Rate Of Revenue
12.98%
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
Political Donations
$500
2014
$500
2014
Investments
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Curbside, Inc. engages in the development of mobile application to find, buy, and pick up products from stores. Its application for iOS and Android helps customers search and purchase products. The company was founded by Jaron Waldman and Denis Laprise on August 19, 2013 and is headquartered in Palo Alto, CA.

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MyHealthTeams, Inc. operates social networks for communities of people facing autoimmune diseases and other chronic conditions. The firm provides social networks for autoimmune diseases including: multiple sclerosis, lupus, Crohn's and ulcerative colitis, and rheumatoid arthritis. The company was founded by Eric Peacock and Mary Ray in 2010 and is headquartered in San Francisco, CA.

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Generation Health, Inc. provides health management services focuses on genetic testing benefit management. The company was founded by Graham Gardner, J. Christian Kryder, Ricahrad K. Schatzberg, Per G. H. Lofberg, and David M. Margulies on September 23, 2008 and is headquartered in Upper Saddle River, NJ.

Investors
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Life Peer at United Kingdom House of Lords

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Life Peer at United Kingdom House of Lords

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Managing Partner at Oak Investment Partners

Suppliers
Cardinal Health, Inc. Pharmaceuticals | Dublin, OH

Cardinal Health, Inc. is a healthcare services and products company, which engages in the provision of customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices. It also provides medical products and pharmaceuticals and cost-effective solutions that enhance supply chain efficiency. The company operates through the following segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical and over-the-counter healthcare and consumer products. The Medical segment manufactures, sources and distributes cardinal health branded medical, surgical and laboratory products. The company was founded by Robert D. Walter in 1979 and is headquartered in Dublin, OH.

CCA Industries, Inc. Personal Products | East Rutherford, NJ

CCA Industries, Inc. has successfully developed and marketed innovative health and beauty products for more than 20 years. Millions of consumers know CCA by the brands they buy: Plus White® Toothpaste and Teeth Whitening Kits, the Sudden Change® skin care line, Nutra Nail® manicure products and Gel Perfect™ 5 Minute Gel Color, and the Bikini Zone® line of after hair removal remedies and depilatory products. The Mega-T® Dietary Supplement line of effective diet aids utilizes the latest advances in formulations for weight loss, while Mega-T® Green Tea Chewing Gum and Mints offer green tea's antioxidant benefits in a delicious and convenient form. CCA also markets the Solar Sense® line of sun-care products, the Cherry Vanilla® family of vanilla-based fragrances, Hair Off® depilatories, Wash ’N Curl® hair care, Scar Zone® scar management and first aid products and IPR-3® foot care, as well as Shave Zone® men's after-shave relief from bumps and irritation. Throughout the years, CCA has earned an outstanding reputation in marketing their affordable, quality brands in drug, discount and food store chains across the United States, Canada and around the world. National TV advertising, print, radio, internet and FSI ads help consumers understand the benefits of the many CCA products. What makes CCA distinctive is that their products solve the real needs of consumers, offering state-of-the-art formulations at a fraction of the cost of department store and specialty brands. And because their needs are met, CCA customers remain loyal, returning again and again to retailer's stores for their favorite CCA products. CCA Industries Inc.

LSI Industries, Inc. Building Products & Construction Materials | Cincinnati, OH

LSI Industries, Inc. engages in the provision a variety of lighting solutions. It operates through the following business segments: Lighting, Graphics, and Corporate and Eliminations. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum or convenience store market. The Graphics segment fabricates and sells exterior and interior visual image elements related to graphics. The Corporate and Eliminations segment includes the company's administrative activities. The company was founded by Robert J. Ready, James P. Sferra, and Donald E. Whipple in 1976 and is headquartered in Cincinnati, OH.

Competitors
Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Walgreens Boots Alliance, Inc. Retail: Drug Stores - Deerfield, IL

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment engages in pharmacy-led health and beauty retail businesses, which sells its products under brand names Walgreens and Duane Reade. The Retail Pharmacy International segment offers retail stores, which sells products of brands No7, Boots Pharmaceuticals, Botanics, Liz Earle, and Soap & Glory. The Pharmaceutical Wholesale segment supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers, and hospitals. The company was founded in 1901 and is headquartered in Deerfield, IL.

Rite Aid Corp. Retail: Drug Stores - Camp Hill, PA

Rite Aid Corporation is one of the nation's leading drugstore chains with approximately 4,700 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and 91,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD.

Awards & Honors
Rank #7
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #7
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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