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CVS Specialty. CVS Specialty is the specialty pharmacy division that provides specialty pharmacy services for individuals with chronic or genetic diseases who require complex and expensive drug therapies. CVS Health operate 24 retail specialty pharmacy stores and 11 specialty mail order pharmacies, making them the largest specialty pharmacy in ...
CVS became a consolidator in the special pharmacy market. By the end of 2000, CVS's specialty pharmacy business consisted of mail-order operations and 46 CVS ProCare pharmacies located in 17 states and the District of Columbia.
CVS Pharmacy, Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts in 1963.
Walgreens is standing up a new specialty pharmacy segment to compete in an increasingly crowded pharmacy benefits manager (PBM) and specialty pharmacy space.
CVS came to dominate the retail pharmacy industry and beyond through ever-expanding operations fueled by acquisitions, mergers, and partnerships: The first wave of acquisitions
Of the three biggest PBMs, CVS owns the nation's largest retail pharmacy chain, as well as insurance company Aetna. UnitedHealth and Cigna also have insurance units and own specialty...
As the market demanded specialization in drug distribution and clinical management of complex therapies, specialized pharma (SP) evolved. By 2001 CVS' specialty pharmacy ProCare was the "largest integrated retail/mail provider of specialty pharmacy services" in the United States.
PBMs operate inside of integrated healthcare systems (e.g., Kaiser Permanente or Veterans Health Administration), as part of retail pharmacies (e.g., CVS Pharmacy), and as part of insurance companies (e.g., UnitedHealth Group). As of 2016, PBMs managed pharmacy benefits for 266 million Americans.