Company Profile For CVS Caremark Corporation

CVS Caremark Corporation (CVS Caremark) is a provider of prescriptions and related healthcare services in the United States. It is a pharmacy services company and drives value for its customers through its approximately 6,900 CVS/pharmacy and Longs Drug 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 Its online pharmacy, CVS.com. The Company operates in two business segments: Pharmacy Services and Retail Pharmacy. October 20, 2008, CVS Caremark acquired Longs Drug Stores Corporation, which includes 529 retail drug stores (the Longs Drug Stores) and RxAmerica LLC (RxAmerica), which provides pharmacy benefit management services, and certain other related assets.

BRIEF: For the thirty nine weeks ended 30 September 2009, CVSCaremark Corporation's revenues increased 15% to $72.91B. Net income from conti. ops appl. to Common increased 11% to $2.66B. Revenues reflect higher sales from Retail Pharmacy division and increased sales from Pharmacy Service divisions. Net income was partially offset by higher cost of sales, an increase in operating expenses and a rise in interest expenses.