CVS Caremark Overview

  • Year Founded
  • 1993

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 13,360

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $26.5B

CVS Caremark General Information

Description

Provider of prescription benefit management services intended to offer affordable medications to patients. The company acts as a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans and employees health benefits through over the counter pharmacies and mail order deliveries, enabling patients to control costs while ensuring access to proper medications.

Contact Information

Website
www.caremark.com
Formerly Known As
Caremark Rx, Medpartners, Medpartners Inc, Medpartners Mullikin Inc
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • Post Office Box 6590
  • Lee's Summit, MO 64064
  • United States
+1 (800)
Primary Industry
Managed Care
Other Industries
Other Healthcare Services
Parent Company
CVS Health
Vertical(s)
TMT, Life Sciences
Corporate Office
  • Post Office Box 6590
  • Lee's Summit, MO 64064
  • United States
+1 (800)

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CVS Caremark Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 20-Mar-2007 $26.5B Completed Generating Revenue
7. Debt Refinancing 11-Apr-2002 Completed Generating Revenue
6. Debt Refinancing 11-Apr-2002 Completed Generating Revenue
5. Debt Refinancing 15-Mar-2001 Completed Generating Revenue
4. Debt Refinancing 15-Mar-2001 Completed Generating Revenue
3. IPO 22-Feb-1995 Completed Generating Revenue
2. Early Stage VC (Series B) 01-May-1994 $12M $20M Completed Generating Revenue
1. Early Stage VC (Series A) 01-Feb-1994 $8M $8M Completed Generating Revenue
To view CVS Caremark’s complete valuation and funding history, request access »

CVS Caremark Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of prescription benefit management services intended to offer affordable medications to patients. The company a
Managed Care
Lee's Summit, MO
13,360 As of 2006

Tucson, AZ
 

Eden Prairie, MN
 
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CVS Caremark Competitors (24)

One of CVS Caremark’s 24 competitors is Apricus, a Formerly PE-Backed company based in Tucson, AZ.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Apricus Formerly PE-Backed Tucson, AZ
Optum Private Equity-Backed Eden Prairie, MN
Enclara Pharmacia Private Equity-Backed Philadelphia, PA
Prime Therapeutics Private Debt Financed Eagan, MN
Aetna Corporate Backed or Acquired Hartford, CT
You’re viewing 5 of 24 competitors. Get the full list »

CVS Caremark Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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CVS Caremark Former Investors (3)

Investor Name Investor Type Holding Investor Since Participating Rounds
Crimson Ventures Venture Capital Minority
Encompass Health Corporation Minority
Venrock Venture Capital Minority
To view CVS Caremark’s complete investors history, request access »

CVS Caremark Investments & Acquisitions (5)

CVS Caremark’s most recent deal was a Corporate Asset Purchase with CareFirst BlueCross BlueShield (Medicare Part D Membership). The deal was made on 01-Apr-2013.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
CareFirst BlueCross BlueShield (Medicare Part D Membership) 01-Apr-2013 Corporate Asset Purchase Buildings and Property
Kerr Drug (11 Stores) 28-May-2009 Corporate Asset Purchase Buildings and Property
Avalon Drug 14-Aug-2008 Merger/Acquisition Distributors (Healthcare)
AdvancePCS 24-Mar-2004 Merger/Acquisition Life and Health Insurance
Choice Source Therapeutics 30-Apr-2002 Merger/Acquisition Distributors (Healthcare)
To view CVS Caremark’s complete investments and acquisitions history, request access »

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CVS Caremark FAQs

  • When was CVS Caremark founded?

    CVS Caremark was founded in 1993.

  • Where is CVS Caremark headquartered?

    CVS Caremark is headquartered in Lee's Summit, MO.

  • What is the size of CVS Caremark?

    CVS Caremark has 13,360 total employees.

  • What industry is CVS Caremark in?

    CVS Caremark’s primary industry is Managed Care.

  • Is CVS Caremark a private or public company?

    CVS Caremark is a Private company.

  • What is the current valuation of CVS Caremark?

    The current valuation of CVS Caremark is .

  • What is CVS Caremark’s current revenue?

    The current revenue for CVS Caremark is .

  • How much funding has CVS Caremark raised over time?

    CVS Caremark has raised $820M.

  • Who are CVS Caremark’s investors?

    Crimson Ventures, Encompass Health, and Venrock have invested in CVS Caremark.

  • Who are CVS Caremark’s competitors?

    Apricus, Optum, Enclara Pharmacia, Prime Therapeutics, and Aetna are some of the 24 competitors of CVS Caremark.

  • When was CVS Caremark acquired?

    CVS Caremark was acquired on 20-Mar-2007.

  • Who acquired CVS Caremark?

    CVS Caremark was acquired by CVS Health.

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