History
Summary
2020
In response to the unprecedented COVID-19 global pandemic, testing and early vaccination services are offered at CVS Pharmacy locations to help stop the spread and support community health of the nation. Drive-Thru and dedicated testing spaces are utilized in retail stores to support states attempts to keep infection rates low. Construction responsible for store specific upgrades and test programs to support these necessary services for our customers.
2019
HealthHUB Introduced in CVS Pharmacy locations as new healthcare service including personalized Pharmacy support programs and expanded MinuteClinic service. HealthHUB teams are improving care for patients managing chronic conditions, with a focus on recommending next best clinical actions and driving medical costs savings. The HealthHUB store format also includes a variety of pathways to nutritional health with one-on-one and group counseling delivered by an in-store dietitian, as well as access to weight loss programs. Construction integral in executing with excellence for every remodel project.
2019
Completion of the CVS Health & Aetna acquisition, merging into a combined company that brings together capabilities of two leading organizations to establish innovative health care model. Care delivery will have a local focus that will make a complicated system simpler for all, helping people achieve better health at lower cost. Combination expected to generate significant value for shareholders through synergies and revenue-enhancing initiatives. Property Management organization now maintains both CVS Health and Aetna facilities and projects go forward.
2018
Construction finishes 753,000SF Kansas City, Missouri MidWest distribution center.
2017
- Construction completes 238,000SF RX Crossroads facility in Louisville, Kentucky.
- CVS Pharmacy enters the Colorado and Idaho markets with new ground-up locations.
- New Hearing and Optical Centers begin to be implemented into Retail Stores as an expansion on Retail Health Services.
- Construction leads the efforts for Hurricane Recovery in Florida, Texas, and Puerto Rico. Based on a historic season.
2016
- CVS Health is ranked #7 on US Fortune 500 List
- CVS store Set Up merges into Construction and Property Administration combining into a single store project management organization.
- New yMas Hispanic brand is introduced and Construction supports renovation and new store construction in Florida and California markets.
- New Take High Higher (THH) & Brand Into Retail (BIR) programs are announced and the new Project Management team (Construction/Set Up) supports all retail resets and renovations.
- Construction completes Hispanic Center of Excellence in Miami, Florida as the home for the Navarro Store Operations and Customer Support Centers.
- Newest “Exceptional Store” location at Bally’s Casino on the Las Vegas Strip is opened.
- Construction announces the release of a new Revit prototype library, including a set of contemporary store designs.
2015
- Construction supports integration of Omnicare, the leading provider of pharmacy services to long term care facilities.
- Construction starts and completes Tier 1 Renovation Projects on all 1,600+ pharmacies and clinics acquired through Target.
- CVS Health establishes CVS Pharmacy presence in all 50 States and Puerto Rico.
- Construction supports the Nation Footprint Initiative by testing a new 6,000SF (6k) box size.
- Completion of two 13K test store locations with revitalized exterior design.
2014
- With the corporate name change to CVS Health, Construction supports the renaming of the Rhode Island and Arizona corporate campuses.
- CVS Health purchases Coram, specialty infusion services and Construction begins updating their facilities to meet Standard of Care.
- Construction takes over Navarro Discount Pharmacy, new store and renovation practices in Miami, FL.
- Construction supports the Nation Footprint Initiative by testing a new 9,000SF (9k) box size.
- On the one year anniversary of opening the West Haven, Connecticut store receives a LEED Platinum certification.
2013
- CVS opens first PATH store in Tulsa, OK. The PATH concept features a modern design and open concept.
- CVS enters the international market with the purchase of the Brazilian drug store chain Onofre. Onofre is Brazil’s 8th largest drug store chain with 44 stores.
- CVS designs a concept for a new Health and Beauty Aids (HBA) layout and shopping experience. Construction supports its buildout in Tulsa, Oklahoma.
2012
- CVS Print Shop Operations, a 60-member department serving the print needs of the entire chain, joins the Construction & Facilities Management Department.
- ServiceChannel, a streamlined facilities management tool, is rolled out to entire chain of 7,000+ stores.
- The Advanced Technology Pharmacy, a state-of-the-art prescription dispensing facility, opens in Chicago.
2011
- The CVS Finance Center, a LEED Silver certified building, opens in the Highland Corporate Park in Cumberland, Rhode Island.
2010
- CVS launches the Urban Initiative to better address the needs of shoppers in urban environments. The Urban concept features “Grab-N-Go” meal sections, re-designed checkouts, expanded consumables and open store front windows.
- CVS Pharmacy Call Center in Cumberland, Rhode Island, a LEED Gold certified building, opens to serve the needs of the retail pharmacy customers. A second LEED Certified building, the Marketing Center, also opens.
- 14,600 Type A Prototype (One level building) is released for new store construction.
2009
- CVS celebrates the opening of its 7,000th CVS/pharmacy retail location, located in Little Canada, Minnesota.
- CVS Construction & Facilities Management merges with Caremark Facilities Management to form an organization tasked with serving the construction and maintenance needs of the 7,000+ retail store portfolio, MinuteClinics, specialty pharmacies and corporate offices.
2008
- CVS Caremark acquires Longs Drugs’ 541 stores in California, Hawaii, Nevada and Arizona, giving CVS/pharmacy immediate market leadership in northern and central California.
- Type B prototype 13,225 SF is introduced as a low cost building option for Construction and Real Estate to infill the country.
- CVS enters the Puerto Rico market.
2007
CVS Corporation and Caremark Rx, Inc. complete their transformative merger, creating CVS Caremark, the nation’s premier integrated pharmacy services provider.
2006
- CVS acquires 700 stand-alone Sav-On and Osco drugstores from Albertsons, making CVS/pharmacy #1 in fast-growing southern California and enhancing its presence in key midwest markets.
- Construction introduces Type A prototype 12,900SF as the newest flagship building design.
2005
CVS teams up with MinuteClinic to offer convenient health care services at CVS retail pharmacy locations.
2004
CVS acquires the 1,260-store Eckerd chain, expanding its market in the southern United States. Also acquired are Eckerd’s $1 billion mail order and pharmacy benefits management businesses and distribution centers.
2003
CVS announces plans to begin building stores in the state of Minnesota, initially targeting the Minneapolis/St. Paul market.
2001
CVS launches an “urban” concept store design, (Phase 1) to increase sales and convenience for customers in major Eastern US metropolitan areas.
2000
MinuteClinic launched the first retail health care centers in the United States in 2000 and is the first provider to establish a national presence. For more information, visit www.MinuteClinic.com.
1999
CVS begins the process of building and opening stores in the Florida market.
1998
- CVS acquires 200 Arbor Drugs of Michigan stores.
- CVS develops the 10,880 prototype.
1997
CVS completes its acquisition of more than 2,500 stores from Revco — the largest acquisition in the history of the U.S. retail pharmacy industry. The acquisition of Revco gives CVS key drugstore locations primarily in the Midwest and Southeast.
1996
CVS Pharmacy pushes into the Atlanta market with the first ground up prototype building design, the 10,125.
1994
CVS launches PharmaCare, a pharmacy benefit management company providing a wide range of services to employers and insurers.
1990
CVS acquires 500 stores from People’s Drug, which establishes the company in new mid-Atlantic markets including Washington, D.C., Pennsylvania, Maryland and Virginia.
1988
CVS/pharmacy celebrates its 25th anniversary, finishing the year with nearly 750 stores and sales of about $1.6 billion.
1985
CVS reaches $1 billion in annual sales.
1981
CVS breaks ground on the Store Support Center in Woonsocket, RI.
1977
CVS acquires the 36-store New Jersey-based Mack Drug chain.
1974
CVS achieves $100 million in annual sales.
1972
CVS nearly doubles in size with its acquisition of 84 Clinton Drug and Discount Stores.
1970
CVS operates 100 stores in the Northeast.
1967
CVS begins operation of its first stores with pharmacy departments, opening locations in Warwick and Cumberland, Rhode Island.
1964
The chain grows to 17 stores. The original CVS logo is developed (CVS banner inside a shield, with the words “Consumer Value Stores” below) and displayed on store exteriors for the first time.
1963
The first CVS store, selling health and beauty products, is founded in Lowell, Massachusetts by brothers Stanley and Sidney Goldstein and partner Ralph Hoagland. CVS stands for Consumer Value Stores.