<Tr> <Th> Number of employees </Th> <Td> 240,000 + (2016) </Td> </Tr> <Tr> <Th> Website </Th> <Td> CVS.com </Td> </Tr> <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 sells prescription drugs and a wide assortment of general merchandise, including over-the - counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS / pharmacy and Longs Drugs retail stores and online through CVS.com . It also provides healthcare services through its more than 1,100 MinuteClinic medical clinics as well as their Diabetes Care Centers . Most of these clinics are located within CVS stores . </P>

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