course materials

1. Assignment: What was the primary strategy of CVS to expand its
operations?
Assignment: What was the primary strategy of CVS to expand its operations? ON
Assignment: What was the primary strategy of CVS to expand its operations?CVS Health and
AetnaCVS (Consumer Value Stores) was founded in 1963 in Lowell, Massachusetts with the
establishment of their first retail store. In 1969, it expanded its retail operations to include
pharmacy departments in the northeast and was subsequently sold to the Melville
Corporation in 1969. Throughout the 1970s, operations expanded with the acquisition of
other drug stores. In 1983, they launched a national hemophilia home service, reaching one
billion dollars in annual sales in 1985. CVS started a prescription benefit management
service, a mail service pharmacy, and other healthcare services. In the 1990s, CVS launched
a pharmacy benefit management company for employers and insurance companies.
Caremark established CarePatterns, a disease management program. Caremark also entered
the multiple sclerosis market. They established the pharmaceutical service as a core
operation. In 1999, they launched CVS.com, the first online integrated pharmacy in the
United States. In 2000, Minute Clinics, retail health clinics, were established; CVS partnered
with them to open three clinics in their chain stores. Minute Clinics became the first to be
accredited by the Joint Commission. In 2006, CVS acquired the Minute Clinics. In 2001,
CVS/Caremark introduced the Extra Care Card, the first loyalty card for retail pharmacy
chains. In 2007, CVS/Caremark and Rx officially merged, creating CVS Caremark. In 2009,
the Minute Clinics became affiliated with several healthcare systems nationwide. In 2014,
CVS Caremark changed its name to CVS Health. They also removed all tobacco products
from their stores. In 2015, CVS acquired all of Target’s pharmacies and clinics. In December
2017, the pharmacy chain, CVS/Caremark, announced their acquisition of Aetna Insurance
for $69 billion. According to both companies, consumers will benefit from an integrated,
community healthcare experience. Consumers will have access to Aetna’s extensive
network of providers with greater consumer access through CVS Health which includes
nearly 10,000 CVS Pharmacy locations and more than 1,000 Minute Clinic walk-in clinics
(CVS Health). Assignment: What was the primary strategy of CVS to expand its operations?If
this decision was yours to make, what would you have done? Please explain in detail.Please
address the following in providing your solution.What was the primary strategy of CVS to
expand its operations?Go to https://cvshealth.com/about/company-history. Scroll down to
the history section of the webpage. Identify three strategies that you feel are important to

2. the growth of CVS Health.Go to https://www.caremark.com/wps/portal/. Go to the bottom
of the webpage. Click on the different icons that represent the different areas of CVS health.
Summarize the focus of each of the areas and how they contribute to the mission of CVS
Health.Go to https://www.cvshealth.com. Provide a summary of their social responsibility
activities.According to the news release of December 3, 2017, CVS Health announced the
execution of a definitive merger agreement under which CVS Health will acquire all
outstanding shares of Aetna for a combination of cash and stock. According to the statement
and the discussion in the chapter, what type of merger will this transaction be?How could
this transaction affect the hospital industry? Defend your answer. Assignment: What was
the primary strategy of CVS to expand its operations?Perform an Internet search regarding
this transaction with Aetna. Based on the information, why do you think CVS Health made
this decision?General Instructions:Write at least 3 page for to provide solutions for this case
study. However, if your answer is on point, clear, and complete, I will not pay attention to
number of pages. If you have taken my class before you know I prefer quality over quantity.
Please make sure your answers are ed by facts.APA format (5 points): Please make sure to
cite your sources, including the textbook. There is no required number of sources, however,
these questions cannot be answered without referring to available literature. You may use
your textbook as a source. I expect everyone to have appropriate references, as well as in-
text citations. Make sure to double space, type in Times New Roman and size 12
font.Grammar (5 points): Please write complete, coherent sentences. Make sure to spell out
words correctly. Please write in third person point of view (i.e. no “I”, “me”, “you”, “us”,
“we”, etc.).Assignment: What was the primary strategy of CVS to expand its operations?