CVS Pharmacy, Inc. is a retail firm based in the United States. It is a CVS Health subsidiary based in Woonsocket, Rhode Island. It was founded in 1963 in Lowell, Massachusetts, and was also known as and was initially titled the Consumer Value Store.
CVS is the largest drugstore chain in the United States in terms of store count (almost 9,600 as of 2016) and prescription revenue. In 2020, Long Term Care earned $74 billion in revenue, while Health Care Benefits generated $62 billion.
List Of Best CVS Competitors and Alternatives
1. Walgreens Boots Alliance (WBA)
Walgreens Boots Alliance, Inc. is a Deerfield, Illinois-based Anglo-Swiss-American holding corporation that owns the retail drugstore chains Walgreens and Boots and other pharmaceutical products and delivery firms.
Revenues climbed by 2.5 percent to $139.5 billion in the fiscal year 2020, while net profit declined to $456 million.
As of 2021, Walgreens Boots Alliance is ranked 16th on the Fortune 500 list of the largest firms in the United States by total revenue.
Rite Aid Firm is a pharmaceutical corporation headquartered in Camp Hill, Pennsylvania. Alex Grass founded the Thrift D Discount Center in Scranton, Pennsylvania, in 1962.
However, there are over 2,400 Rite Aid outlets in 17 states across the United States, with California having the most (530 locations). Furthermore, Pennsylvania comes in second with 514 stores, while New York comes in third with almost 300.
In 2020, Rite Aid’s revenues were $21.9 billion, with pharmaceutical revenue accounting for $11.6 billion. It is also a nationally known source of medications and healthcare supplies.
3. Walmart Pharmacy
The Walton family founded this corporation in Rogers, Arkansas, in 1962. With retail pharmacies in practically every region, Walmart Pharmacy is one of the world’s greatest mass merchant operations.
Walmart generated $21.7 billion in prescription sales in 2020 and provided both specialized and mail-in prescription services even though It’s known as the biggest CVS Competitor.
Furthermore, Walmart is well-known for its generic prescription program, through which you may obtain hundreds of various drugs for $4 or less!
Costco Wholesale Business (often referred to as Costco) is a multinational business headquartered in the United States that operates a network of membership-only big-box retail outlets (warehouse clubs).
As of 2016, Costco was the fifth-largest retailer in the world, the top retailer of organic foods, rotisserie chicken, and wine, and the top retailer of choice and prime beef.
Bonus: Have a look at Top 15 Costco Competitors And Alternatives
According to the Fortune 500 list of the biggest U.S. companies in 2021, Costco ranked #10 in terms of revenue. Costco had 831 warehouses globally as of June 2022.
5. Cigna (Express Scripts)
Cigna is a worldwide healthcare and insurance firm headquartered in Bloomfield, Connecticut.
Its insurance companies are essential suppliers of medical, dental, disability, life, and accident insurance, as well as associated goods and services, the great majority of which are provided by employers and other organizations (e.g., governmental and non-governmental organizations, unions, and associations).
Cigna is headquartered in Connecticut. Cigna purchased Express Scripts in 2018 and is now one of the largest mail-order and specialty pharmacies in the United States.
Cigna generated $49.9 billion in prescription sales in 2020, about 9% more than in 2019!
Kroger is a well-known supermarket company in the United States, with over 2,200 Kroger pharmacy sites to service clients.
Furthermore, it provides clinics for healthcare services at several of its sites. Furthermore, Kroger’s prescription medicine program offers low-cost prescription prescriptions.
Kroger pharmacy generated $15.1 billion in sales from normal and specialty pharmaceutical services in 2020.
Kroger is the largest supermarket chain in the United States in terms of sales, the third-largest general retailer in the country behind Walmart and Amazon, and the seventh-largest American-owned private employment in the country.
Publix opened its first in-store pharmacy in Altamonte Springs, Florida, on October 30, 1986. By 1995, one-third of Publix shops had pharmacies; now, about 90% of Publix locations had pharmacies.
In multiple assessments performed by independent research firms, Publix Pharmacies scored first in supermarket pharmacies’ customer satisfaction.
In August 2007, Publix stated that it would provide free antibiotics to its consumers.
Publix now offers a low-cost prescription medicine program in which you can get a 90-day supply of common prescriptions for only $7.50!
Albertsons Companies, Inc. is an American supermarket retailer based in Boise, Idaho.
With 2,253 locations as of the third quarter of the fiscal year 2020 and 270,000 workers as of the fiscal year 2019, the firm ranks second in North America, only behind Kroger.
Albertsons is a multinational corporation listed 53rd by total revenue on the 2018 Fortune 500 list of the largest companies in the United States. Albertsons is really the toughest competitor of CVS.
Albertsons made $5.2 billion in prescription sales in 2020, a huge amount of money given that it only operates around 1,700 pharmacies nationwide.
9. UnitedHealth Group
UnitedHealth Group Incorporated is a global healthcare and insurance conglomerate headquartered in Minnetonka, Minnesota. It provides both healthcare goods and insurance services.
UnitedHealth Group is the world’s ninth-biggest corporation in terms of revenue, the second-largest healthcare organization in terms of revenue (behind CVS Health), and the largest insurance business in terms of net premiums. UnitedHealthcare sales account for 80% of overall Group revenue.
For 2021, the company is ranked seventh on the Fortune Global 500. UnitedHealth Group has a market value of $400.7 billion as of March 31, 2021.
10. H E B
H-E-B is a grocery company with over 300 pharmacies around the country.
In 2020, H-E-B generated $1.8 billion in prescription sales and was placed top in the 13th edition of J.D. Power’s annual assessment of supermarket pharmacies, a first for H-E-B.
In addition to prescription solutions, H-E-B Pharmacy provides same-day prescription delivery, auto refills, health screenings, adult and child immunizations, compounding services, specialty pharmacy, nutrition services, and pet medications.
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