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CVS Caremark's Overview

Total employees3733
HeadquartersWoonsocket
Founded

CVS Caremark is the pharmacy benefit management (PBM) subsidiary of CVS Health, a diversified health services company. As a PBM, CVS Caremark works with employers, health insurance companies, and other health plan sponsors to manage prescription drug benefits and reduce drug costs for members. This includes negotiating drug prices with manufacturers, developing formularies (lists of covered drugs), processing prescription claims, and offering clinical programs to improve medication adherence and health outcomes. CVS Caremark plays a crucial role in the U.S. healthcare system by aiming to make prescription drugs more affordable and accessible while promoting better health for millions of Americans. It is a key component of CVS Health's integrated model, which also includes retail pharmacies, minute clinics, and health insurance services (Aetna).

Where is CVS Caremark's Headquarters?

HQ Function

Serves as the central hub for CVS Health's corporate leadership, strategic planning, administrative functions, and oversight of all its business segments including CVS Caremark, CVS Pharmacy, and Aetna.

Notable Features:

A large, modern corporate campus that houses thousands of employees. It features various amenities typical of a large corporate headquarters, designed to support a productive work environment.

Work Culture:

The work culture at CVS Health's headquarters is generally described as collaborative, fast-paced, and focused on innovation within the healthcare sector. There's a strong emphasis on the company's mission to help people on their path to better health.

HQ Significance:

The Woonsocket headquarters is significant as it's the command center for one of the largest healthcare companies in the United States, influencing healthcare delivery and policy nationwide.

Values Reflected in HQ: The headquarters likely reflects CVS Health's core values such as innovation, caring, integrity, collaboration, and accountability, aiming to create an environment that fosters these principles.

Location:

CVS Caremark, as part of CVS Health, primarily operates within the United States. Its pharmacy benefit management services are tailored to the U.S. healthcare market, serving employers, health plans, and government programs across the country. While CVS Health may have limited international activities or partnerships, its core business, including CVS Caremark's PBM services, is U.S.-focused. There is no significant operational presence for CVS Caremark providing PBM services directly in other countries in the same manner it does within the U.S.

Street Address:

1 CVS Drive

City:

Woonsocket

State/Province:

Rhode Island

Country:

USA

CVS Caremark's Global Presence

Scottsdale, Arizona, USA

Address: 9501 E Shea Blvd, Scottsdale, AZ 85260 (Representative address for major operations center)

Serves as a critical center for PBM operations, leveraging the local talent pool and providing support for members and clients across the region and nationally.

Northbrook, Illinois, USA

Address: 2211 Sanders Rd, Northbrook, IL 60062 (Representative address for major operations center)

Supports Midwest PBM operations and contributes to national PBM strategy and service delivery, including mail-order pharmacy services.

Irving, Texas, USA

Address: 750 W John Carpenter Fwy, Irving, TX 75039 (Representative address for Aetna/CVS Health office, often supporting Caremark functions)

Serves as a key operational hub in the Southern United States, supporting a large member base and client portfolio in the region.

Solon, Ohio, USA

Address: 30000 Aurora Rd, Solon, OH 44139 (Representative address for mail order pharmacy and PBM operations)

Key site for national mail-order pharmacy services and customer support, crucial for medication delivery and member assistance.

Buying Intent Signals for CVS Caremark

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of CVS Caremark

As of April 2025, CVS Caremark' leadership includes:

Karen S. Lynch - President and Chief Executive Officer, CVS Health
Tom Cowhey - Executive Vice President and Chief Financial Officer, CVS Health
David Joyner - Executive Vice President and President, Pharmacy Services (oversees CVS Caremark)
Brian Kane - Executive Vice President and President, Aetna
Sam Khichi - Executive Vice President, Chief Policy Officer and General Counsel, CVS Health
Prem Shah - Executive Vice President, Chief Pharmacy Officer and President, Pharmacy and Consumer Wellness
Mike Pykosz - Chief Executive Officer, Oak Street Health and Interim Lead, Health Care Delivery
Laurie Havanec - Executive Vice President and Chief People Officer, CVS Health

Investors of CVS Caremark

CVS Caremark has been backed by several prominent investors over the years, including:

The Vanguard Group
BlackRock Inc.
State Street Corporation
Geode Capital Management, LLC
Morgan Stanley

Executive New Hires/Exits in the Last 12 Months

Hire3
Exits2

CVS Health has experienced several key executive transitions over the past year, including changes in the CFO role and leadership within its Aetna segment and legal department, reflecting ongoing strategic adjustments within the company.

Departures

Shawn Guertin, Shawn Guertin officially stepped down after a period of leave.
Michelle Peluso, Michelle Peluso departed from CVS Health.

New Appointments:

Tom Cowhey, Tom Cowhey was named permanent CFO after serving in an interim capacity since October 2023.
Sam Khichi, Sam Khichi appointed to oversee legal, policy, and regulatory affairs for CVS Health.
Brian Kane, Brian Kane joined CVS Health to lead its Aetna business segment.

Technology (Tech Stack) used by CVS Caremark

Discover the tools CVS Caremark uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

CVS Caremark Email Formats and Examples

CVS Health, the parent company of CVS Caremark, commonly uses a standardized email format for its employees. The most prevalent format is FirstName.LastName@cvshealth.com. Variations might exist for very common names or specific departments, but this is the general structure.

FirstName.LastName@cvshealth.com

Format

Jane.Doe@cvshealth.com

Example

85%

Success rate

News and media

ReutersMay 7, 2024

CVS Health CEO says company actively recruiting primary care physicians

CVS Health CEO Karen Lynch stated the company is actively recruiting primary care physicians for its clinics as it aims to expand its healthcare services. This is part of a broader strategy to integrate various health services following recent acquisitions like Oak Street Health....more

CNBCMay 1, 2024

CVS Health cuts full-year forecast as health-care costs rise, shares tumble

CVS Health lowered its full-year earnings forecast due to rising medical costs in its Aetna insurance business and challenges in its pharmacy and consumer wellness segment. The announcement led to a significant drop in its stock price....more

Fierce HealthcareFebruary 21, 2024

CVS Health names Tom Cowhey permanent CFO as Shawn Guertin steps down

CVS Health announced that Tom Cowhey, who had been serving as interim chief financial officer, would take on the role permanently. This followed the decision of Shawn Guertin to step down as CFO and president of health services....more

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