The acquisition of caremark rx, inc. , (a pharmacy benefits manager) by cvs corporation (a retail pharmacy) is an example of a <u>backwards vertical acquisition </u>and allows cvs to gain<u> increase market power</u>.
The American healthcare firm CVS Health Corporation (formerly CVS Corporation and CVS Caremark Corporation) is the owner of numerous brands, including Aetna, a health insurance provider, CVS Caremark, a chain of retail pharmacies, and CVS Pharmacy.
The specialized pharmacy section known as CVS Specialty offers specialty pharmacy services to people with hereditary or chronic disorders who need sophisticated and expensive pharmacological treatments.
The largest specialty pharmacy in the United States is CVS Health, which runs 24 retail specialty pharmacy shops and 11 specialized mail order pharmacies.
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