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CVS Caremark Outlines Strong Growth for 2012 and Confirms 2011 Guidance
Date:12/20/2011

rgets that are expected to generate more than $30 billion in cash available to enhance shareholder value from 2011 through 2015.

President and CEO Larry Merlo cited several health care industry trends that present opportunities for the company, specifically: an expensive, over-burdened health care system that is increasingly challenged by the aging population in the United States; the need for low-cost solutions, such as preventive care and improved medication adherence; the increasing role of the consumer in health care decisions as more costs shift from employers to their employees; and the rapidly growing primary care physician shortage combined with an increasing need for better integration between physicians and other health care providers.  Merlo noted, "As the health care industry adapts to the rapidly-changing landscape, CVS Caremark will continue to deliver innovative solutions that lower costs for payors and provide increased access, lower costs and better health outcomes for patients."

Merlo outlined CVS Caremark's unique ability to Reinvent Pharmacy for Better Health, bringing the most innovative solutions to address the market's opportunities. Merlo discussed how the company is capitalizing on its "integration sweet spots" by building on the best-in-class capabilities of its retail pharmacy, PBM, and retail clinic businesses. "Clearly we are well positioned to have a positive impact on the formidable challenges facing our health care system," said Merlo.

Throughout the morning, CVS Caremark executives showcased a number of key initiatives that demonstrate the company's ability to Reinvent Pharmacy for Better Health. Some of those initiatives are highlighted below:

  • Maintenance Choice 2.0

Maintenance Choice is the Company's breakthrough integrated product that was broadly introduced in 2010.  The program extends the mail order benefit for Caremark
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SOURCE CVS Caremark
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