Among many companies presently operating in the US market, I choose to analyze the CVS Health Corporation (NYSE:CVS) and Omnicare, Inc. (NYSE: OCR). CVS Health Corp., formerly known as CVS Caremark Corporation is an American retail pharmacy company, established in 1963 with headquarters in Woonsocket, Rhode Island, which operates in the industry of Healthcare Services (Pharmacy services and Retail Drugstore). Stimulated by the aspiration of assisting its customers in improving their health and quality of life, CVS, through its owned subsidiaries and third-party organizations alongside its own stores provides a range of quality products and services, administering a business activity constituted of three major operating segments including: …show more content…
Omnicare activity is established upon two main operating segments: Long-term Care Group (LTC) and Specialty Care Group (SCG). (OCR 10k, 2014) Via such operational cells Omnicare successfully supplies a variety of services such as specialty services for biopharmaceutical industry, pharmacy-consulting assistance, pharmaceutical research (serves as research organization in the clinical trials of pharmaceuticals worldwide), medical records services, pharmaceuticals distribution etc.
After identifying and developing a comprehensive panorama on the activity of both companies, their respective targeted customers and the industry in which they operate, the next step involves examining and analyzing the financial records of both companies. To be able to generate accurate interpretations based on the financial parameters and standing of both companies, I utilized the annual financial reports for fiscal years 2012, 2013 and 2014 to help me develop a better understanding and thorough perspective. Based on the presented information in the entirety of the report, also accounting for balance sheet, income statement, cash flow statement, stockholder’s equity statement and related
This article mainly refer to the company 's annual financial reports, industry reports and official website as references.
The initial intent of this analysis was to identify changes in accounting methods within the financial statements of Walgreens and CVS, as well as to compare and contrast their financial statements, in order to draw conclusions about which company had better earnings. However, in the process of this analysis, with the exception of a minor change to lease accounting by Walgreens, there were no major changes in accounting methods identified. In examining the financial statements for these two drugstore industry leaders, the analysis shows that while each company conducts retail drugstore operations in similar ways, their business models for carrying out these operations greatly vary. These variances in business model
The corporation I chose to discuss is McDonald’s. McDonald’s is a publicly traded corporation that includes the following domestic companies, McDonald’s, Chipotle Mexican Grill, and Boston Market. This paper will discuss the following:
The initial intent of this analysis was to identify changes in accounting methods within the financial statements of Walgreens and CVS Caremark, as well as to compare and contrast their financial statements, in order to draw conclusions about which company had also have better earnings. However, in the process of this analysis, with the exception of a minor change to lease accounting by Walgreens, there were no major changes in accounting methods identified. In examining the financial statements for these two drugstore industry leaders, the analysis shows that while each company conducts retail drugstore operations in similar ways, their business models for carrying out these operations greatly vary. These variances in
This is the assessment of the historical and future performances of the two companies in order to fully project internal and external factors that will affect the forecasts. The purpose is to identify trends, year to year changes, in order to assess whether the two companies’ performance are stable or sporadic and highly volatile.
“CVS was founded in 1963 by Stanley and Sidney Goldstein and Ralph Hoagland. The first CVS store was opened in Lowell, MA.” (CVS Health) CVS is a pharmacy innovation company helping people on their path to better health. CVS’s CEO is Mr. Larry J. Merlo. CVS is headquartered in Woonsocket, RI. CVS is the largest pharmacy health care provider in the U.S. And is an integrated offerings across the spectrum of pharmacy care. Through their 7,700 retail pharmacies and more than 900 walk-in medical clinics. There are approximately 200,000 employees in 46 states, the District of Columbia and Puerto Rico. “CVS has also expanded its business to include pharmacy benefit management, mail order as well as specialty pharmacy division,
Overview/Benefits CVS Health’s buyout of Target’s pharmacies and health clinics, was smart and another example of their aggressive marketing strategy. This buyout has strengthened CVS’s position as the largest dispensary of prescription medications and healthcare clinics in the United States. With the buyout, CVS gains 1,600 established pharmacies and 80 clinics in 47 states, thus allowing them to expand in geographic areas where their presence is currently weak. As part of the deal, the pharmacies and clinics will be re-branded under the CVS brand and brand mark, helping to further CVS’s already strong brand awareness and recognition. In addition, CVS will enter new Target stores, including Target’s new store format for urban areas.
CVS Pharmacy is the retail division of CVS Caremark. It is also one of the largest Pharmacy Retail Chains in the country and operates more than 7,400 stores domestically. Although the retail pharmaceutical division of this corporation accounts for a significant amount of this company’s success, CVS Caremark focuses more on its corporate strategy to compete with other industry rivals such as Walgreens and Rite Aid. Considering CVS Caremark is the result of the 2007 merger of CVS and Caremark Rx, this analysis will begin with a brief history and the merger of these corporations, its current performance, strategic posture, and the strategic managers of this organization.
Founded in 1901 in Illinois by Charles R. Walgreen, Sr., Walgreens was a subsidiary of Walgreens Boots Alliance. In the most recent years, Walgreen’s corporate strategy has been focused on mergers and acquisitions, the first of which occurred in 2014 when Walgreens purchased the remaining stake in Boots costing the company approximately $15.3 billion. (Walgreens, n.d.) With this acquisition Walgreens became the largest pharmacy/health/beauty combination retailer in the world, operating in all 50 states and 12 countries internationally. (Schauber, 2014)
Cardinal Health has at various points in history depended on a strategy of heavy acquisitions to diversify. This strategy has slowed in recent years and the drug-distribution giant continues to struggle, looking for opportunities for growth, as they continue to pursue global expansion. To continue expanding global Cardinal Health should focus on the following factors:
Discussion question 1: What are the benefits and costs of Cardinal Health’s product-related diversification strategy?
In this paper I will discuss Macy’s Incorporated by analyzing their business level strategies to determine which I think is the most important to their long term success and if I think it is a good choice. I will analyze their corporate level strategies to determine which I think is the most important and whether or not I believe it is a good choice. I will analyze the competitive environment to determine the corporations’ most significant competitor and compare the two companies’ strategies at each level and evaluate which company I think is most likely to succeed in the long term. Once the
Cardinal Health Inc. is a health care company in America which is based in Dublin, Ohio and was founded in 1971. The healthcare company is in the pharmaceutical and biotechnology industry. Cardinal Health specializes in pharmaceuticals and medical products distribution. The healthcare company is among the Fortune 500’s healthcare companies (Cardinal Health, Inc., 2016). This essay reviews Cardinal’s marketing strategies, healthcare access options for consumers, effect of health reforms on its consumers and impact of government agencies on its products among others.
Answer: Both Companies are acting on a high-tech market. The development and progress in this market is really fast.
The following paper will be discussing GNC Holdings Incorporated which is profiled as a retail-food store. As most people already know, GNC is a leading global specialty retailer of health and wellness products, including vitamins, minerals, and herbal supplement products, sports nutrition products and diet products (Investor, 2011). GNC is a publicly traded company that stays compliant with all the laws, rules, and regulations of the New York Stock Exchange as well as presents information that is in accordance with generally accepted accounting principles (GAAP). All information in this paper will be based off the most recently provide annual report, i.e. 2014.