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Cvs Executive Summary

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Company Overview CVS is a healthcare company that was founded in 1963. This was the first consumer value store, otherwise referred to as CVS, established. At this time, CVS sold health and beauty products. Pharmacies within the CVS stores were not introduced until 1967. CVS Corp did not become a public company until their merger with Melville Corporation in 1996. Throughout the years, CVS has continued to acquire a multitude of other healthcare companies like MinuteClinic, Omnicare, Aetna, Caremark, and more. CVS continues to prove to be the leader in healthcare solutions internationally. CVS Health Corp is currently in the healthcare industry as it provides healthcare and retail pharmacy services. The healthcare industry is a billion-dollar …show more content…

This provides consumers with the ability to receive their medications and other services they depend on. CVS also provides health insurance through one of their acquisitions involving Aetna. Aetna is a healthcare provider that allows for healthcare coverage and plans for their consumers. CVS also acquired Caremark, which works with CVS to keep drug costs low while also allowing for easier refills. Another service that CVS provides on top of healthcare is wellness care and retail products. CVS has many competitors within the healthcare industry as it is one of the largest industries in America. Key competitors include Walgreens, Rite Aid, UnitedHealth Group, and more. CVS uses many advantages to attempt to lead over these competitors, including cost leadership as mentioned above. CVS works with other companies to reduce the costs of pharmacy products and services. CVS has hundreds of subsidiaries, including Aetna Inc., Coventry, Corman, Caremark, and more. Financial Ratio Analysis The next step in the project is to conduct a financial ratio analysis. This is done by reviewing annual statement information and performing several ratios to get a better understanding of CVS’s financial

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