CVS Health

As of December 8, 2017, CVS Health operates in the field of supply of prescription drugs.

It was founded in 1963.

Performance indicators

2021: Sixth in the world in terms of net revenue - $292 billion

The largest companies in the world in terms of net revenue in 2021
"'Net revenue"' (net revenue) - revenue for added value.
This revenue includes revenue costs such as discounts, returns, etc.
Net Revenue Formula = Gross Revenue - Directly Related Selling Expenses.

History

2022: $13.8 billion payout for uncontrolled drug sales with Walmart and Walgreens

On November 2, 2022, it became known that one of the largest US pharmaceutical chains CVS Health and Walgreens, as well as giant Walmart, agreed to pay about $13.8 billion to settle thousands of lawsuits in connection with the opioid epidemic.

The problem lies in the huge number of deaths due to the uncontrolled use of opioid analgesics. In the mid-1990s, such drugs began to be widely used in the United States to relieve acute and chronic pain, and their promotion was facilitated by large pharmaceutical companies. In the United States alone, over the past two decades, more than 500 thousand deaths have been recorded, provoked by an overdose of allegedly "safe" drugs of the opioid group. Moreover, mortality from such analgesics has increased sharply over the past few years: according to some reports, the number of deaths reached 80 thousand per year. In this regard, in 2017, the American authorities recognized an overdose of opioid drugs, as well as poisoning with heroin and fentanyl as a critical problem of the state.

Walmart and largest pharmacies in the United States will pay $13.8 billion for the uncontrolled sale of narcotic drugs

In total, more than 3,300 lawsuits have been filed against drug manufacturers and pharmacy chains by state and local governments. The companies were accused of downplaying the risks of using opioid analgesics, as well as virtually uncontrolled sales of such narcotic drugs.

The plaintiffs have won several significant victories in lawsuits against pharmacy chains. And now it is reported that CVS, Walgreens and Walmart will jointly pay $13.8 billion to resolve the conflict. In particular, CVS will have to pay $5 billion over 10 years, Walgreens - $5.7 billion over 15 years. Walmart has a one-time payment of $3.1 billion. In addition, the companies pledged to change their business practices in order to prevent the uncontrolled distribution of opioid group drugs in the future.^[1]

2021: Theft of a database of 1 billion records as a result of a hacker attack

In mid-June 2021, one of the largest pharmacy chains in the United States, CVS Health, was hacked. The hackers posted a database of a billion 204 GB records on the network, which contains production records with visitor IDs, session IDs, information about access to various devices, as well as a logging system on the server. These records also included requests for drugs, COVID-19 vaccines and various CVS products with links to both CVS Health and CVS.com.

A hacker attack was committed on CVS Health, a database of 1 billion records was stolen from it

Researchers say the unprotected database can be used for targeted phishing by cross-referencing some emails also logged into the system. Competitors of the pharmacy chain can also use data from search queries generated and saved in the system.

Hypothetically, you can map the session ID to what the client was looking for or adding to the cart during this session, and then try to identify the client using open emails, according to a report by WebsitePlanet, which found a database leaked into the network.

WebsitePlanet sent a private notice to CVS Health and quickly received a response confirming that the database was actually owned by the company.

In March 2021, security experts informed us of a publicly available database containing unidentified CVS Health metadata, CVS Health officials said. - We immediately investigated the incident and determined that the database hosted by the third-party provider did not contain any personal information about our customers, participants or patients. We contacted the provider and quickly restricted access to the database, as well as contacting security to prevent repeated incidents of this nature.[2]

2017: $69 billion acquisition of Aetna

In December 2017, it became known that the largest USA pharmacy chain CVS Health will acquire a company that Aetna is one of the leaders in the American health insurance market for $69 billion. According to the terms of the agreement, Aetna shareholders will receive $207 per security they own - $145 in cash and $62 in securities. More. here

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