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The CVS-Caremark Merger and the Coming Preferred Provider War
2006
Social Science Research Network
A disaggregation of CVS's income statement for the last six years is presented to support the contention that there is a significant disparity in operating income of CVS's pharmacy business versus the rest of its business known as the front store. We contend that CVS has sought out this merger in order to motivate Caremark to name CVS as its exclusive retail preferred provider. This would help CVS weather a new era of price competition by generating greater traffic without store expansion to
doi:10.2139/ssrn.1805982
fatcat:ewkge7lc55hqxeujd3xemvbxf4