CVS Caremark Corporation

Annual Report
Company Description
CVS Caremark Corporation (CVS Caremark) is a provider of prescriptions and related healthcare services in the United States. The Company fills or manages more than one billion prescriptions annually. As a fully integrated pharmacy services company, CVS Caremark drives value for its customers by managing pharmaceutical costs and improving healthcare outcomes through its approximately 6,200 CVS/pharmacy retail stores; CVS Caremark's pharmacy benefit management, mail order and specialty pharmacy division, Caremark Pharmacy Services; its retail-based health clinic subsidiary, MinuteClinic, and the Company's online pharmacy, CVS.com. Effective March 22, 2007, the Company closed its merger with Caremark Rx, Inc. Following the Caremark Merger, the Company changed its name to CVS Caremark Corporation. CVS Caremark operates two business segments: Retail Pharmacy and Pharmacy Services. As of October 16, 2008, the Company had acquired approximately 77.55% interest in Long Drug Stores Corporation.