HOW CVS HAS GROWN FROM RETAILER TO HEALTHCARE GIANT

June 2005
● MinuteClinic teams up with CVS Corp. (now CVS Health)

Clinics open in CVS Pharmacy stores in Minnesota and Maryland

July 2006
● CVS Corp. acquires MinuteClinic

The partnership leads to a national expansion of CVS Pharmacy locations

March 2007
● CVS Health pays $21B for Caremark Rx

CVS Caremark is one of the nation's top three largest pharmacy benefit managers by market share

August 2015
● CVS Health teams up with three direct-to-consumer telehealth companies

The move comes as the company looks for ways to expand its telehealth strategy

August 2018
● CVS Health goes virtual

The company announces the launch of its MinuteClinic Video Visits service

November 2018
● CVS Health buys Aetna for $70B

The deal is finalized in September 2019

November 2021
● CVS Health announces plan to close about 900 stores within three years

The closure of nearly 10% of the company's retail stores is part of its health services expansion, including into primary care

May 2022
● CVS Health announces launch of virtual primary care platform

The service will roll out to eligible Aetna members Jan. 1, 2023, and CVS Caremark during the second quarter of 2023

September 2022
● CVS Health will acquire Signify Health for $8B in cash

The transaction to expand home health services is expected to close in the first half of 2023