CVS Health competitors, on the record

Who CVS Health names

In its own words

1. Amazon, Walgreens, Walmart

   Word for word“In the areas it serves, the Company competes with other drugstore chains (e.g., Walgreens), supermarkets, discount retailers (e.g., Walmart), independent pharmacies, restrictive pharmacy networks, online retailers (e.g., Amazon), membership clubs, infusion pharmacies, as well as mail order dispensing pharmacies.” 10-K for 2025

2. MedImpact, Prime Therapeutics, Cigna Corporation, UnitedHealth Group

   Word for word“The Health Services segment has a significant number of competitors offering PBM services, including large, national PBM companies (e.g., Prime Therapeutics and MedImpact), PBMs owned by large national health plans (e.g., the Express Scripts business of Cigna Corporation and the Optum Rx business of UnitedHealth Group) and smaller standalone PBMs.” 10-K for 2025

3. PharMerica

   Word for word“The Company’s largest LTC pharmacy competitor nationally is PharMerica.” 10-K for 2024

4. Rite Aid

   Word for word“In the areas it serves, the Company competes with other drugstore chains (e.g., Walgreens and Rite Aid), supermarkets, discount retailers (e.g., Walmart), independent pharmacies, restrictive pharmacy networks, online retailers (e.g., Amazon), membership clubs, infusion pharmacies, as well as mail order dispensing pharmacies.” 10-K for 2024

5. Aledade, Centerwell

   Word for word“The Company’s primary care operations compete with large and medium-sized local and national providers of primary care services, such as Aledade, Centerwell and health system affiliated practices, for, among other things, contracts with payors, recruitment of physicians and other medical and non-medical personnel and individual patients.” 10-K for 2023

6. Collaborative Health Systems, Equality Health, Evolent Health, Physicians of Southwest Washington, Stellar Health, Vytalize Health

   Word for word“Some key competitors operate nationally (e.g., Aledade, Collaborative Health Systems, Evolent Health, Vytalize Health and Stellar Health) while other competitors are more geographically focused (e.g., Equality Health and Physicians of Southwest Washington).” 10-K for 2023

7. Express Scripts business of Cigna Corporation, OptumRx business of UnitedHealth

   Word for word“The Pharmacy Services segment has a significant number of competitors offering PBM services, including large, national PBM companies 10 (e.g., Prime Therapeutics and MedImpact), PBMs owned by large national health plans (e.g., the Express Scripts business of Cigna Corporation and the OptumRx business of UnitedHealth) and smaller standalone PBMs.” 10-K for 2022

8. Matrix Medical Network

   Word for word“Competitors include pure-play companies whose principal business is providing health risk assessments and similar services (e.g., Matrix Medical Network), as well as large payors, which may use a variety of different providers to perform health risk assessments across care settings or may perform some or all of their health risk assessments utilizing their own in-house capabilities.” 10-K for 2023

9. UnitedHealth

   Word for word“The Health Services segment has a significant number of competitors offering PBM services, including large, national PBM companies (e.g., Prime Therapeutics and MedImpact), PBMs owned by large national health plans (e.g., the Express Scripts business of Cigna Corporation and the OptumRx business of UnitedHealth) and smaller standalone PBMs.” 10-K for 2023

Who names CVS Health

Companies whose own annual reports name CVS Health as a competitor.

1. Accendra Health names it as “CVS Health Corporation” · 2025

   Word for word“In addition, pharmacy benefit managers, such as CVS Health Corporation, compete with us in the home healthcare market.” 10-K for 2025

2. AdaptHealth names it as “CVS Health Corporation” · 2025

   Word for word“In addition, pharmacy benefit managers, including CVS Health Corporation and the Optum business of UnitedHealth Group Incorporated, have entered the HME market and compete with AdaptHealth.” 10-K for 2025

3. Apria names it as “CVS Health Corporation” · 2021

   Word for word“In addition, pharmacy benefit managers, such as CVS Health Corporation, are beginning to compete with us in the home healthcare market.” 10-K for 2021

4. Babylon Holdings names it as “CVS Health Corporation” · 2022

   Word for word“Competition may also increase from large technology companies, such as Apple, Amazon (which acquired One Medical in February 2023), Facebook, Verizon, or Microsoft, who may wish to develop or expand their own telehealth solutions or partner with our other competitors, as well as from large retailers like Kroger, CVS Health Corporation (which signed a definitive agreement to acquire Oak Street Health in February 2023), Walgreens or Walmart.” 10-K for 2022

5. Molina Healthcare names it as “CVS Health Corporation” · 2025

   Word for word“Our primary competitors in the Medicaid managed care industry include Centene Corporation, CVS Health Corporation, Elevance Health, Inc., UnitedHealth Group Inc., and large not-for-profit healthcare organizations.” 10-K for 2025

Read from CVS Health’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.