Caremark

CVS Caremark is the pharmacy benefit management (PBM) subsidiary of CVS Health, serving as one of the largest PBMs in the United States. The company provides a comprehensive suite of services including plan design and administration, formulary management, and mail-order pharmacy services. It serves a diverse client base including employers, insurance companies, and government health programs, aiming to manage drug costs and improve health outcomes. CVS Caremark operates a large network of retail pharmacies and provides specialty pharmacy services for complex conditions. The entity was formed through the 2007 merger between CVS Corporation and Caremark Rx.