CVS came in at No. 45 on the corporate rankings list, which put it among the top 50 “all-stars” on this year’s Fortune Most Admired Companies list.
In addition, CVS finished No. 1 in its industry sector, “Health Care: Pharmacy and Other Services.” The company’s businesses include the CVS Pharmacy retail drug chain, CVS Caremark pharmacy benefit manager and MinuteClinic retail health clinics.
“We are incredibly proud to receive this recognition from Fortune,” CVS Health president and chief executive officer Larry Merlo said in a statement. “This distinguished ranking is a direct reflection of the outstanding talent and innovation at CVS Health, as well as the passion of our 240,000 colleagues who work each day to fulfill our purpose of helping people on their path to better health.”
The Fortune World’s Most Admired Companies list is based on company surveys and peer ratings from senior executives, directors and analysts. Attributes used for the ranking range from innovation and product quality to talent retention and corporate social responsibility and sustainability.
Also in the top 50 of the Most Admired Companies list from the food, drug and mass retail channel were Costco (No. 15), Whole Foods Market (No. 28), Walmart (No. 42) and Target (No. 44).
The Most Admired Companies list also gave rankings by sector. The “Food and Drug Stores” segment ranked six companies, led by Walgreens Boots Alliance and followed by Kroger Co., Publix Super Markets, Whole Foods, Smart & Final Stores and Ahold Delhaize. Target and Walmart were Nos. 2 and 3, respectively, in the “General Merchandisers” sector.