CVS Caremark (NYSE: CVS), headquartered in Woonsocket, RI, is the largest pharmacy health care provider in the United States with integrated offerings across the entire spectrum of pharmacy care. We are a pharmacy innovation company, uniquely positioned to deliver significant benefits to health plan sponsors through effective cost management solutions and innovative programs that engage plan members and promote healthier and more cost effective behaviors. Our integrated pharmacy model enhances our ability to offer plan members and consumers expanded choice, greater access and more personalized services to help them on their path to better health. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans.

The pharmacy benefit management (PBM) division provides a range of services including mail order pharmacy, specialty pharmacy, Medicare Part D services, plan design consultation and administration, formulary management, claims processing, pharmacy network management, disease management and pharmacogenomics. As one of the country's largest PBMs, we provide access to a network of more than 65,000 pharmacies, including CVS/pharmacy® stores. Our clinical offerings include our signature Pharmacy Advisor® program as well as innovative generic step therapy and genetic benefit management programs that promote more cost effective and healthier behaviors that improve health care outcomes.

Our retail pharmacy division includes more than 7,300 CVS/pharmacy stores that provide unparalleled service and capabilities. CVS/pharmacy stores dispense prescription drugs and sell a wide assortment of high-quality, nationally advertised brand name and private label merchandise. We currently operate in 92 of the top 100 U.S. drugstore markets and hold the number one or number two market share in 73 of these markets. Our retail-based health clinic subsidiary, MinuteClinic®, utilizes nationally recognized medical protocols to diagnose and treat minor health conditions, perform health screenings, monitor chronic conditions and deliver vaccinations.

We employ approximately 200,000 colleagues in 44 states, the District of Columbia, and Puerto Rico. At year-end 2011, we operated 7,327 retail drugstores, 550 full-time MinuteClinic locations, 31 retail specialty pharmacy stores and four mail order pharmacies, and our CVS.com®, Caremark.com and MinuteClinic.com websites. During 2011, the company increased the number of CVS/pharmacy and MinuteClinic locations and decreased the number of retail specialty pharmacy stores.