"Health" was not always a part of CVS' name. Here are six steps CVS Health took in its push to become a healthcare namesake, according to CNBC:
1. CVS was established in 1963 and opened its first store in Lowell, Mass. The store did not sell prescription drugs, and instead focused on health and beauty products.
2. In 1967, CVS bought its first pharmacies. It continued to acquire small, independent pharmacies and regional chains over the decades, according to CNBC.
3. CVS added walk-in clinics to its business in 2006 through its acquisition of Minnesota-based MinuteClinic.
4. The next year, CVS picked up pharmacy benefit manager Caremark in a $26.5 billion deal, according to CNBC.
5. In 2014, CVS stopped selling tobacco products, including cigarettes. The same year, it changed its name to CVS Health.
6. On Nov. 28, CVS Health closed its $70 billion purchase of Aetna. CVS Health President and CEO Larry J. Merlo sees the acquisition as transformative for healthcare. He said it "will simplify a complicated system and will help people achieve better health at a lower cost. We are also leading change in healthcare by challenging the status quo with new technologies, business models and partnerships."
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