CVS Caremark Corporation

CVS Caremark Corporation operates retail pharmacy and pharmacy benefit management businesses in the United States. The company, through its stores, offers prescription drugs; general merchandise, including over-the-counter drugs, beauty products and cosmetics, seasonal merchandise, greeting cards, and convenience foods; and film and photofinishing services. It also provides diagnostic services and treats minor health conditions. The company sells its products through CVS/pharmacy retail stores and online through CVS.com. CVS Caremark also offers pharmacy benefit management services, including mail order pharmacy; specialty pharmacy; plan, design, and administration; formulary management; claims processing; and reinsurance services to managed care and other organizations. Its specialty pharmacy business focuses on supporting individuals that require drug therapies to treat conditions, such as organ transplants; HIV/AIDS; and genetic conditions, including infertility, multiple sclerosis, and certain cancers. The company’s retail healthcare clinics operate under the MinuteClinic name; and the pharmacy services business operates under the Caremark Pharmacy Services, PharmaCare Management Services, and PharmaCare Pharmacy names. As of June 30, 2007, the company operated 6,230 retail and specialty drug stores, 22 specialty mail order pharmacies, 10 mail service pharmacies, and 196 healthcare clinics in 44 states and the District of Columbia. The company was founded in 1892. It was formerly known as CVS Corporation and changed its name to CVS/Caremark Corporation in March 2007; and to CVS Caremark Corporation in May 2007. The company is headquartered in Woonsocket, Rhode Island.