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1965ĬVS Pharmacy used to be a subsidiary of Melville Corporation, where its full name was initially Consumer Value Stores. Overview A 'shield' logo typical of early Consumer Value Stores, c. CVS on Pratt Street in Baltimore, Maryland. Most of these clinics are located within or outside CVS stores.

It also provides healthcare services through its more than 1,100 MinuteClinic medical clinics as well as their Diabetes Care Centers. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com. The parent company of CVS Pharmacy's leading competitor ( Walgreens) ranked 19th for the same time period. corporation by FY2020 revenues in the Fortune 500. Its parent company ranks as the fifth largest U.S. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue.

The chain was owned by its original holding company Melville Corporation from its inception until its current parent company (CVS Health) was spun off into its own company in 1996. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts in 1963. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island.

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