Pharmacy corporation CVS Caremark has officially changed its name to CVS Health.
The Woonsocket-based company announced the name change as a way to reflect its growth beyond a retail pharmacy chain into a multi-service health care company. Today, the $127-billion dollar CVS Health encompasses 7700 retail pharmacies, hundreds of walk-in medical clinics, a pharmacy benefits manager and more. CVS Health president Helena Foulkes says it made sense to re-brand now.
“The name change I think is a really natural evolution, because the name CVS is a very core part of it," said Foulkes, "and CVS Health now really reflects our purpose and our mission.”
CVS Health also announced the end of tobacco sales in its retail stores a month ahead of schedule. As of this morning, Foulkes says the cigarettes are off of every CVS shelf in the country.
“We’ve been working very hard over the weekend to eliminate all tobacco from all 7,700 stores," said Foulkes. "And we’ve taken all that real estate, which used to be filled with cigarettes, and we’ve put up big billboards, essentially encouraging people who do smoke to quit smoking.”
She says the company will be offering smoking cessation information and counseling to smokers who want to quit.