If you’ve ever set foot in a CVS store, you might be surprised to learn just how many companies are actually owned by this retail giant. From pharmacies to health clinics to insurance providers, CVS Health has a diverse portfolio of businesses under its umbrella. In this article, we’ll take a closer look at some of the key companies owned by CVS and explore how they all fit together in the grand scheme of things.
CVS Pharmacy
One of the most well-known companies owned by CVS is, of course, its namesake pharmacy chain. With thousands of locations across the country, CVS Pharmacy is a go-to destination for all things health and wellness. From prescription medications to over-the-counter remedies to beauty products, CVS Pharmacy has everything you need to stay healthy and happy.
MinuteClinic
Another key component of the CVS empire is MinuteClinic, a network of walk-in clinics located inside select CVS Pharmacy stores. These clinics offer a variety of services, including vaccinations, physical exams, and treatment for minor illnesses and injuries. MinuteClinic provides convenient and affordable healthcare options for those in need of quick medical attention.
Aetna
In 2018, CVS Health acquired Aetna, one of the largest health insurance companies in the United States. This acquisition allowed CVS to expand its reach into the realm of healthcare insurance, providing a more comprehensive suite of services to its customers. Aetna offers a wide range of health insurance options for individuals, families, and employers, further solidifying CVS’s position as a leader in the healthcare industry.
Omnicare
Omnicare is a company specializing in the provision of pharmaceuticals and related services for seniors in long-term care settings. In 2015, CVS Health acquired Omnicare, allowing the company to better serve the growing population of elderly individuals in need of specialized care. Omnicare’s expertise in senior healthcare has made it a valuable addition to the CVS portfolio.
Navarro Discount Pharmacy
For those in the Miami area, Navarro Discount Pharmacy is a well-known name in the world of retail pharmacies. CVS Health acquired Navarro in 2015, expanding its presence in the Florida market and providing additional healthcare options for customers in the region. Navarro Discount Pharmacy offers a wide range of products and services, including prescription medications, over-the-counter remedies, and beauty products.
Conclusion
As you can see, CVS Health is much more than just a pharmacy chain. With a diverse portfolio of companies under its ownership, CVS offers a wide range of healthcare services to customers across the country. From retail pharmacies to health clinics to insurance providers, CVS Health has something for everyone. So next time you step into a CVS store, take a moment to appreciate the vast empire that lies behind those familiar red letters.
FAQs
1. Does CVS own any other retail chains?
CVS Health does not own any other major retail chains, but it does operate various subsidiary companies that specialize in different aspects of healthcare.
2. How has the acquisition of Aetna impacted CVS’s business?
The acquisition of Aetna has allowed CVS Health to become a more comprehensive healthcare provider by offering health insurance options to its customers.
3. What services are available at MinuteClinic locations?
MinuteClinic locations offer a variety of services, including vaccinations, physical exams, and treatment for minor illnesses and injuries.
4. Are CVS Health’s companies only located in the United States?
While CVS Health primarily operates in the United States, it does have international partnerships and subsidiaries that serve customers in other countries.
5. What sets CVS Health apart from other healthcare companies?
CVS Health’s diverse portfolio of companies and services sets it apart from other healthcare companies by offering a wide range of options for customers seeking healthcare solutions.