<P> CVS Pharmacy is a subsidiary of the American retail and health care company CVS Health , headquartered in Woonsocket , Rhode Island . It was also known as , and originally named the Consumer Value Store and was founded in Lowell , Massachusetts , in 1963 . The chain was owned by its original holding company Melville Corporation since its inception until its current parent company CVS Health was spun off into its own company in 1996 . CVS / pharmacy is currently the largest pharmacy chain in the United States by number of locations ( over 9,600 as of 2016 ) and total prescription revenue . As the retail pharmacy division of CVS Health , it ranks as the 7th largest U.S. corporation according to Fortune 500 in 2016 . CVS / pharmacy 's leading competitor Walgreens Boots Alliance ranked 37th . </P>
<P> CVS Pharmacy is a subsidiary of the American retail and health care company CVS Health , headquartered in Woonsocket , Rhode Island . It was also known as , and originally named the Consumer Value Store and was founded in Lowell , Massachusetts , in 1963 . The chain was owned by its original holding company Melville Corporation since its inception until its current parent company CVS Health was spun off into its own company in 1996 . CVS / pharmacy is currently the largest pharmacy chain in the United States by number of locations ( over 9,600 as of 2016 ) and total prescription revenue . As the retail pharmacy division of CVS Health , it ranks as the 7th largest U.S. corporation according to Fortune 500 in 2016 . CVS / pharmacy 's leading competitor Walgreens Boots Alliance ranked 37th . </P>
what does c v s pharmacy stand for
what does c v s pharmacy stand for
Consumer Value Store
Consumer Value Store