7 - CVS Health

A pharmacist assists a customer at a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. The prospect of Inc. entering the healthcare business is beginning to cause far-reaching reverberations for a range of companies, roiling the shares of drugstore chains, drug distributors and pharmacy-benefit managers, and potentially precipitating one of the biggest corporate merger deals this year. Photographer: Christopher Lee/Bloomberg via Getty Images Christoper Lee — Bloomberg via Getty Images

CVS Health Corp. made big moves in 2017 to further expand its footprint. The company fully integrated its acquisition of Omnicare and the pharmacies and clinics of Target while focusing on managing rising drug costs. Reports of a potential $68 billion deal to buy health insurer Aetna Inc began swirling in late 2017 that CVS later confirmed. The acquisition will create a healthcare behemoth with $240 billion in annual revenue across sectors including retail pharmacy, benefit management, and insurance.

Key Metrics & Financials (Last Fiscal Year)

Previous Rank7
Revenues ($M)$184765
Revenue Percent Change4.1%
Profits ($M)$6622.0
Profits Percent Change24.5%
Assets ($M)$95131
Market Value — as of March 29, 2018 ($M)$63114

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Company Facts

SectorHealth Care
IndustryHealth Care: Pharmacy and Other Services
HQ LocationWoonsocket, R.I.
CEOLarry J. Merlo
CEO Title-
Years on Fortune 500 List24

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