CVS Health Reinforces Longstanding Support for the Military Community
CVS Health (NYSE: CVS) highlighted its ongoing support for service members, veterans, and military families across care, community, purpose, and economic opportunity.
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Rhea-AI Summary
CVS Health (NYSE: CVS) highlighted its ongoing support for service members, veterans, and military families across care, community, purpose, and economic opportunity.
Programs span TRICARE and MinuteClinic access, community partnerships, well-being initiatives, and entrepreneurship support, including $292 million in 2025 spending with veteran-owned small businesses.
Details
News Market Reaction – CVS
On May 20, the day this news came out, CVS closed 0.96% below the previous close.
Data tracked by StockTitan Argus for the May 20 session.
Key Figures
- Spend with veteran businesses
- $292 million
- Spent with veteran small businesses in 2025
Historical Context
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White paper and $20B tech investment to close digital literacy gaps.
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Launch of online pre‑pharmacy degree program with WGU for CVS staff.
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Court approval for Omnicare sale to GenieRx pending regulatory clearance.
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Strong outcomes from MinuteClinic supervised weight‑loss program across 49 states.
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Q1 beat with $100.4B revenue and raised full‑year EPS and cash flow guidance.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
tricare regulatory
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Delivering care, connection, and opportunity to military‑connected families nationwide
Guided by research and informed by close collaboration with nonprofit and community organizations, CVS Health takes a comprehensive approach to supporting the military-connected lifecycle. From the moment someone chooses to serve through relocations, transition from service, seeking employment or entrepreneurship, caregiving, and long-term well-being, the company focuses on meeting military-connected individuals and families where they are. This approach reflects CVS Health's belief that lasting impact comes from listening, understanding unique challenges, and delivering coordinated solutions that support stability, opportunity, and health over time.
"CVS Health is uniquely positioned to support the military community because we have a broad presence in communities across the country where service members, veterans, and their families live and work," said Len Shankman, Executive Vice President and President, Pharmacy and Consumer Wellness at CVS Health. "By listening first and responding to real needs, we are expanding access to care, easing the challenges of relocation, and creating pathways to purpose and economic stability so military-connected families can thrive at every stage of life. Through our Service Made Simpler campaign, we are also helping ensure families are more aware of and connected to the resources and support available to them."
Addressing the Entire Military-Connected Lifecycle
CVS Health works alongside organizations such as the Military Family Advisory Network (MFAN), the Elizabeth Dole Foundation, and the Congressional Medal of Honor Society to support military families and caregivers through health care access, research-informed insights, and long term support. Through TRICARE and MinuteClinic®, CVS Health also helps expand access to convenient, trusted care for eligible service members, veterans, and their families.
Listening and Showing Up with Tailored Community Solutions
In military-connected communities, CVS Health is using research and local insights to design evidence-based programs that reflect the realities families face during transitions. In
Fostering Purpose, Connection, and Well-Being
Recognizing that a sense of purpose is essential to health, CVS Health invests in programs that help veterans and military spouses continue serving their communities. Working with organizations such as the Travis Manion Foundation, Team Red, White & Blue, Soldiers to Sidelines, Armed Services Arts Partnership, CreatiVets and Vets4Warriors create opportunities for connection, physical wellness, creative expression, and peer support. CVS Health also supports military families through organizations like Our Military Kids, which provides activity grants to children of deployed National Guard and Reserve service members and combat-injured veterans, helping them stay connected and maintain stability during periods of deployment and recovery.
Creating Economic Stability Through Workforce Development and Entrepreneurship
CVS Health goes beyond traditional veteran employment by investing in entrepreneurship and supplier engagement. By working with organizations such as Hiring Our Heroes and Hire Heroes
The company continues to invest in programs that help veterans and military spouses start, grow, and sustain small businesses—connecting them to training, certification, and real opportunities within CVS Health's supply chain. In 2025 alone, CVS Health spent
"Our commitment to the military community is not limited to a single initiative or moment in time," Shankman added. "It is embedded in how we connect care, research, community, and opportunity, and in how we honor service through lasting support."
For more information about CVS Health's support of veterans, service members, and military families, visit CVSHealth.com.
About CVS Health
CVS Health is a leading health solutions company simplifying health care one person, one family and one community at a time. As of March 31, 2026, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 88 million plan members. The Company also serves an estimated more than 37 million people through a broad range of health insurance products and related services. The Company's integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.
Media contact
Rebecca Ferrick
ferrickr@cvshealth.com
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SOURCE CVS Health
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