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Following a series of major 2017 maneuvers including the acquisition of Omnicare , CVS Health posted revenue of $ 184.7bn in 2018 , with profits topping $ 6.6bn . The Omnicare deal saw CVS take control of Target ’ s clinics and pharmacies . Additionally , the company ’ s $ 69bn merger with Aetna spells out the Rhode Island-based organization ’ s goal to become a US financial leader . Led by CEO Larry J . Merlo , CVS employs upwards of 203,000 people and has been ranked on the Fortune 500 for nearly a quarter century . Its 4.1 % revenue increase is buoyed by a positive 24.5 % profit shift . JUNE 2019