CVS Health - M&A Summary and Business Overview

Healthcare ServicesCompany

CVS Health M&A Summary

CVS Health has acquired 18 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 5 assets.

CVS Health’s largest acquisition to date was in 2017, when it acquired Aetna for $77.0B. It’s largest disclosed sale occurred in 2017, when it sold RXC Acquisition to McKesson for $735M. CVS Health has acquired in 15 different US states. The Company’s most targeted sectors include retail (39%) and healthcare services (34%).

CVS Health Business Overview

Where is CVS Health headquartered?

CVS Health is headquartered in Woonsocket, Rhode Island.

What is CVS Health’s revenue?

CVS Health disclosed revenue of 357,776M USD for 2023 and 322,467M USD for 2022.

How many employees does CVS Health have?

CVS Health has 219,000 employees.

What sector is CVS Health in?

CVS Health is a healthcare services company.

When was CVS Health founded?

CVS Health was founded in 1996.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity18
    • M&A Sell Activity5
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 14
  • M&A Advisors 12

CVS Health

CVS Health Corp.

One CVS Drive,
Woonsocket, Rhode Island 02895
United States,
(401) 765-1500
www.cvshealth.com

CVS Health operates retail pharmacies, and walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 16 - - 1 1 - 18
vol $122.7B $8.0B $1.1B $131.8B
Sell (0.4/yr) # 3 1 - 1 - - 5
vol $1.5B $1.5B
  23

Most Recent M&A

Company Date Value Type
Oak Street Health LLC 2023-02-08 1.1B USD Add-on Acquisition
Chicago, Illinois · www.oakstreethealth.com
bswift LLC 2022-10-03 - Divestiture
Chicago, Illinois · www.bswift.com
Signify Health, Inc. 2022-09-05 8.0B USD Add-on Acquisition
Dallas, Texas · www.signifyhealth.com
Coventry Workers'​ Comp Services 2020-03-02 - Divestiture
Downers Grove, Illinois · www.coventrywcs.com
IlliniCare Health Plan, Inc. - Medicaid and Medicare Advantage Business 2019-12-02 - Divestiture
Westmont, Illinois
Altius Health Plan, Inc. 2018-08-09 - Divestiture
South Jordan, Utah · www.altius.coventryhealthcare.com
Apothecary By Design 2018-01-05 - Add-on Acquisition
Portland, Maine · www.abdrx.com
Billnat Corp. 2018-01-01 - Add-on Acquisition
Livonia, Michigan
Aetna, Inc. 2017-12-03 77.0B USD Add-on Acquisition
Hartford, Connecticut · www.aetna.com
Geneva Woods Pharmacy, Inc. 2017-12-01 - Add-on Acquisition
Anchorage, Arkansas · www.genevawoods.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Aetna, Inc. 2017-12-03 Indian Health Organisation Pvt. Ltd. 2023-02-09 4
Hartford, Connecticut · www.aetna.com New Delhi, India · www.vhealth.io
CVS Pharmacy, Inc.    - MedAvail - SpotRx pharmacies 2023-01-26 4
Woonsocket, Rhode Island · www.cvs.com Phoenix, Arizona
Aetna, Inc. 2017-12-03 PayFlex Systems USA, Inc. 2022-04-05 3
Hartford, Connecticut · www.aetna.com Omaha, Nebraska · www.payflex.com
CVS Pharmacy, Inc.    - Schnuck Markets, Inc. - Retail & Specialty Pharmacy Businesses 2020-03-10 3
Woonsocket, Rhode Island · www.cvs.com St. Louis, Missouri
CVS Pharmacy, Inc.    - Ritzman Pharmacies - 20 retail pharmacies 2019-01-07 2
Woonsocket, Rhode Island · www.cvs.com Rittman, Ohio
Aetna, Inc. 2017-12-03 Aetna, Inc. - Medicare Part D Business 2018-09-27 2
Hartford, Connecticut · www.aetna.com Hartford, Connecticut
Aetna, Inc. 2017-12-03 Medicity, Inc. 2018-07-11 1
Hartford, Connecticut · www.aetna.com Salt Lake City, Utah · www.medicity.com

M&A by Sector

Sector Buy # Value Sell # Value
Retail 7 (39%) 10.6B (8%) 1 (20%) 550M (36%)
Healthcare Services 6 (33%) 36.2B (27%) 2 (40%) 985M (64%)
Insurance 3 (17%) 77.0B (58%) 1 (20%) -
Information Technology 1 (6%) 8.0B (6%) - -
Life Science 1 (6%) - - -
Internet Software and Services - - 1 (20%) -
Total 18 $131.8B 5 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 18 131.8B 5 1.5B
  Illinois 2 1.1B 2 -
  Michigan 2 1.5B - -
  Florida 2 4.5B - -
  Connecticut 1 77.0B - -
  Colorado 1 - - -
  California 1 2.7B - -
  Arkansas 1 - - -
  Utah 1 - - -
  Texas 1 8.0B - -
  Tennessee 1 21.0B - -
  Rhode Island 1 - - -
  Ohio 1 12.9B - -
  New York 1 1.3B - -
  Minnesota 1 1.9B - -
  Maine 1 - - -
  Massachusetts - - 1 550M
  Maryland - - 1 250M
  Kentucky - - 1 735M
Total 18 $131.8B 5 $1.5B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
3
Evercore Group
2
BofA Securities
2
Legal Deals
Dechert
7
Fried Frank Harris Shriver & Jacobson
4
McDermott Will & Emery
3

Deal Values

buy # Total
> $1B 10 $131.8B
TOTAL $131.8B
Largest Aetna, Inc.
$77.0B (2017-12-03)
sell # Total
$100M to $1B 3 $1.5B
TOTAL $1.5B
Largest RXC Acquisition Co.
$735M (2017-11-06)

M&A Connections

Deals
Acquired from
Investor(s)
11%
2 (11%)
Strategic(s)
33%
6 (33%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

 Subscribe to unlock this and 204,613
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 196K M&A Transactions
  • 200K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 78K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.