CVS Caremark Corp (Nasdaq:CVS) drugstore chain’s debt rating was placed on a negative outlook by Standard & Poor’s, which said the pharmacy benefits manager lost more contracts than S&P expected and segment profits are likely to decline in 2010. CVS Caremark Corp (Nasdaq:CVS) The drugstore chain’s debt rating was placed on a negative outlook by Standard & Poor’s, which said the pharmacy benefits manager lost more contracts than S&P expected and segment profits are likely to decline in 2010.
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CVS Caremark is the only fully integrated pharmacy health care company in the United States. Our offerings across the entire spectrum of pharmacy care allow us to provide greater convenience and choice for patients, improve health outcomes, and lower overall health care costs for plan sponsors and participants. As one of the country's largest pharmacy benefit managers (PBMs), we provide plan sponsors and participants access to a network of approximately 60,000 pharmacies including 7,000 CVS/pharmacy stores. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its more than 7,000 CVS/pharmacy and Longs Drugs stores; its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy); its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investors section of the Company's website, as well as through the Newsroom section of the Company's website.CVS Caremark is the only fully integrated pharmacy health care company in the United States. Our offerings across the entire spectrum of pharmacy care allow us to provide greater convenience and choice for patients, improve health outcomes, and lower overall health care costs for plan sponsors and participants. As one of the country's largest pharmacy benefit managers (PBMs), we provide plan sponsors and participants access to a network of approximately 60,000 pharmacies including 7,000 CVS/pharmacy stores.
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