CVS Health

CVS Health operates as a comprehensive healthcare services provider, combining its extensive retail pharmacy operations with its capabilities as a pharmacy benefit manager and a health insurer. With over 9,000 retail pharmacy locations primarily in the United States, CVS processes approximately 2 billion adjusted claims annually through its pharmacy benefit management services. The acquisition of Aetna has expanded CVS's reach in the insurance sector, allowing it to serve around 26 million medical members. Additionally, the recent acquisition of Oak Street enhances CVS's offerings by integrating primary care services, creating potential synergies across its diverse business lines. This integrated approach positions CVS Health to better manage healthcare costs and improve health outcomes for its clients.

Tom Cowhey

CFO

Jason Hawbecker

Managing Partner

Chandra McMahon

Senior Vice President and CISO

Cara McNulty

President, Behavioral Health and EAP

Vijay Patel

Partner

Michael Pimental

Partner

Robert (Rocky) O. Kraft

Executive Vice President

27 past transactions

Oui Therapeutics

Series A in 2022
Developer of a digital therapy platform intended to provide life-saving treatments. The company's platform features a chatbot that goes back and forth with users to gather specific issues and develop a course of exercises and information tailored for individual needs along with a variety of animated explanations, videos based on real-life examples and other digital resources, enabling people to tackle suicide and other challenging health care problems.

Biofourmis

Series D in 2022
Biofourmis Singapore Pte. Ltd. is a digital therapeutics company that focuses on enhancing personalized care through innovative software-based solutions. Founded in 2015, it operates from its headquarters in Boston, Massachusetts, with additional offices in Singapore, Zurich, and Bengaluru. The company’s platform integrates artificial intelligence to analyze real-time physiological data from clinical-grade wearables, enabling healthcare professionals to detect patterns and predict medical events, such as heart failure and oncology-related issues. Its product offerings include BiovitalsHF for early heart failure detection, RhythmAnalytics for cardiac arrhythmia monitoring, and Painfocus for objective pain assessment, aimed at improving therapeutic decision-making. Additionally, Biofourmis provides Gaido for oncology patient monitoring and Biovitals Research, a digital trial platform that enhances patient engagement and data collection. Through these solutions, Biofourmis aims to facilitate better patient outcomes and cost-effective care for healthcare providers.

Main Street Health

Funding Round in 2021
Main Street Health is a value-based healthcare provider dedicated solely to rural America. The company was founded in 2021 and is headquartered in Nashville, Tennessee.

IlliniCare Health

Acquisition in 2019
IlliniCare Health Plan, Inc., based in Westmont, Illinois, is a subsidiary of Aetna Health Holdings, LLC, and operates under the umbrella of CVS Health Corporation. The organization is dedicated to enhancing community health by providing affordable and reliable health care plans. IlliniCare Health emphasizes a personalized approach to health care, focusing on the individual and promoting whole health through active local engagement. Its mission is to improve the well-being of the community by addressing the health needs of individuals effectively.

MyHealthTeams

Series B in 2019
MyHealthTeams, Inc. is a San Francisco-based company that creates online social networking platforms for individuals living with chronic health conditions and those who care for them. Founded in 2011, the company operates various platforms, including MyAutismTeam, MyBCTeam, MyMSTeam, and MyCrohnsandColitisTeam, designed to foster connections among users who share similar health challenges. By facilitating these connections, MyHealthTeams enhances patient engagement, allowing users to find support and share experiences with others who understand their daily struggles. The company has developed over 30 distinct social networks, serving approximately 90% of the chronic condition population across 13 countries.

EntrustRX

Acquisition in 2018
EntrustRX is a provider of specialty pharmacy services that focuses on meeting the unique needs of individual patients. The company offers a range of services, including patient assistance with copays and nurse training, to ensure effective therapy coordination. EntrustRX emphasizes a high-touch model of care, allowing patients to communicate with the same care coordinator each month for refill shipments, thus enhancing the continuity of care and support. Through its comprehensive approach, EntrustRX aims to facilitate better health outcomes for its patients.

Aetna

Acquisition in 2017
Aetna Inc. is a health care benefits company based in Hartford, Connecticut, founded in 1853. It operates through three main segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment provides a wide array of medical and pharmacy benefit services, dental, behavioral health, and vision plans, catering to both insured and employer-funded clients. It also includes Medicare and Medicaid products, consumer-directed health plans, and various medical management services. The Group Insurance segment offers life insurance, disability insurance, and long-term care products, while the Large Case Pensions segment manages retirement products, including pension and annuity plans primarily for tax-qualified pension schemes. Aetna serves a diverse customer base, including employer groups, individuals, college students, and government units, providing innovative benefits, products, and services to approximately 46.7 million people. As of late 2018, Aetna operates as a subsidiary of CVS Health.

MyHealthTeams

Series A in 2017
MyHealthTeams, Inc. is a San Francisco-based company that creates online social networking platforms for individuals living with chronic health conditions and those who care for them. Founded in 2011, the company operates various platforms, including MyAutismTeam, MyBCTeam, MyMSTeam, and MyCrohnsandColitisTeam, designed to foster connections among users who share similar health challenges. By facilitating these connections, MyHealthTeams enhances patient engagement, allowing users to find support and share experiences with others who understand their daily struggles. The company has developed over 30 distinct social networks, serving approximately 90% of the chronic condition population across 13 countries.

Rakuten Americas

Funding Round in 2016
Curbside makes it easy to find, buy and pickup products at nearby stores. The Curbside app searches realtime local inventory across retailers and uses location-based technologies to alert stores when a customer is arriving for a pickup. Curbside helps consumers quickly get what they need and helps retailers better serve their increasingly mobile centric customers.

MyHealthTeams

Series A in 2015
MyHealthTeams, Inc. is a San Francisco-based company that creates online social networking platforms for individuals living with chronic health conditions and those who care for them. Founded in 2011, the company operates various platforms, including MyAutismTeam, MyBCTeam, MyMSTeam, and MyCrohnsandColitisTeam, designed to foster connections among users who share similar health challenges. By facilitating these connections, MyHealthTeams enhances patient engagement, allowing users to find support and share experiences with others who understand their daily struggles. The company has developed over 30 distinct social networks, serving approximately 90% of the chronic condition population across 13 countries.

TargetPharmacy

Acquisition in 2015
Target Pharmacy offers pharmacy and clinics services.

Omnicare

Acquisition in 2015
Omnicare, Inc. is a healthcare services company based in Cincinnati, Ohio, specializing in pharmaceutical care management across the United States. The company primarily operates through its Long-Term Care Group, which delivers pharmaceuticals and ancillary services to long-term care and chronic care facilities, including skilled nursing and assisted living environments. Omnicare provides comprehensive services such as monthly drug therapy evaluations, compliance assistance with regulations, and clinical management programs. Additionally, it offers a suite of technology solutions for electronic prescription ordering and real-time Medicare coverage validation. Its Specialty Care Group focuses on specialty pharmacy services for the biopharmaceutical industry, providing commercialization support, supply chain solutions, and patient assistance for complex conditions like rheumatoid arthritis and oncology. Founded in 1981, Omnicare has established itself as a leader in the professional pharmacy sector, leveraging clinical insights and innovative technologies to enhance care for geriatric populations and other healthcare providers.

Navarro Discount Pharmacy

Acquisition in 2014
Navarro Discount Pharmacy operates a pharmacy chain primarily in South Florida, providing a wide range of products including over-the-counter medications, such as antacids, ibuprofen, aspirin, throat lozenges, cough medicines, and eye drops. In addition to pharmaceuticals, the company offers designer fragrances, bath and body products, cosmetics, and skin care creams, catering to both men and women. Navarro Discount Pharmacy serves customers through both online and physical retail locations. The company was acquired by CVS Health in 2014.

Coram Specialty Infusion

Acquisition in 2013
When it really matters, the people, products, and services that Coram provides can have a lasting positive impact on our patients' lives. As an industry leader, Coram cares for patients through a national network of more than 85 locations, including over 65 ambulatory infusion suites. Coram provides infusion therapies and services to over 20,000 patients each month, supporting care through all phases of their healthcare continuum. With over 30 years of experience providing infusion care, Coram employs a knowledgeable, dedicated clinical staff to manage patients with complex infusion needs. We know that infusion care provided in the home or at an alternate site infusion suite can help promote better health and an improved quality of life. Along with the benefits of receiving exceptional treatment in familiar surroundings by a trusted provider, home and infusion suite IV care has economic advantages. Treatment is often less expensive and provides better outcomes. That's good for everyone. Infusion therapy is when medication is delivered through a needle or catheter into a vein. Home infusion therapy is when a patient receives this therapy in their home, with the help of experienced home infusion nurses and pharmacists. There are many types of infusion therapies that can be safely administered and monitored in the home, from antibiotics and nutrition support to pain medication, pre- and post-transplant therapies, and immune therapy.

Novologix

Acquisition in 2013
Novologix is a provider of cutting-edge medical pharmacy management products for pharmacies. The company's information system and services platform creates customizable, PBM-like capabilities, which effectively and efficiently manage drugs covered under the medical benefit.

Universal American - Medicare Part D Business

Acquisition in 2010
Universal American - Business is the company offers health insurance, and also deals in Medicare managed care plans, and Medicare prescription drug benefits.

Generation Health

Acquisition in 2009
Generation Health, Inc. is a health management company based in Upper Saddle River, New Jersey, founded in 2008. It focuses on helping employers and healthcare payors manage the administration of genetic testing benefits. By providing these services, the company aims to control costs for its clients while enhancing the health of their employees and members. Generation Health has established a strategic partnership with CVS Caremark Corporation to further its objectives in the healthcare sector.

RxAmerica

Acquisition in 2008
RxAmerica provides pharmacy benefit management services.

Longs Drug Stores

Acquisition in 2008
Longs Drug Stores operates as an online pharmacy and health-based service, offering a range of pharmaceutical solutions to its customers. The company has established itself as an independent specialty pharmacy in the Southeast, expanding its retail presence to provide comprehensive specialty pharmacy services. Longs focuses on serving patients with chronic illnesses and complex medical conditions, including those related to HIV/AIDS. In addition to its retail operations, Longs also engages in 340B contract pharmacy services, which aim to enhance access to medications for underserved populations. Through these initiatives, Longs Drug Stores is committed to addressing the healthcare needs of its community.

MinuteClinic

Acquisition in 2006
Provider of retail-based healthcare services. The company offers treatments for allergies, bladder infections, bronchitis, ear infections, pink eye and styes, sinus infections, strep throat and swimmer's ear, enabling users to get healthcare services easily at low cost.

ePhysician

Venture Round in 2001
ePhysician aims to increase physicians' use of hand-held computers for writing prescriptions, improving treatment and diagnosis, streamlining records and reducing medical costs. ePhysician will use the funding to expand clinical applications and to boost sales and marketing of the company's software.

Stadtlander Drug Company

Acquisition in 2000
Stadtlander develops pharmaceutical products for patients with chronic conditions and diseases.

Stadtlander Pharmacy

Acquisition in 2000
Stadtlander Pharmacy provides prescriptions for patients with challenging and long-term health conditions including HIV/AIDS.

Soma Games

Acquisition in 1999
Carisoprodol, sold under the brand name Soma among others, is a medication used for musculoskeletal pain. Use is only approved for up to three weeks. Effects generally begin within half an hour and last for up to six hours. It is taken orally. Common side effects include headache, dizziness, and sleepiness.

Arbor Drugs

Acquisition in 1998
A chain of drug stores based in Troy, Michigan.
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