CVS Caremark Corporation (NYSE:CVS) has announced that it has won a contract worth almost $1 billion from the Teacher Retirement System of Texas. The contract will provide pharmacy benefits for two years. The contract will begin on September 1, 2010.
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CVS Caremark Corporation provides prescriptions and related healthcare services in the United States. The company serves its customers through its 6,900 CVS/pharmacy and Longs Drug retail stores, CVS Caremark’s pharmacy benefit management, mail order and specialty pharmacy division, Caremark Pharmacy Services, retail based health clinic subsidiary, MinuteClinic, and its online pharmacy, CVS.com. The company acquired Longs Drug Stores Corporation on October 20, 2008.
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