CVS Health to Open New Digital Innovation Lab in Boston

PRESS RELEASE

BOSTON — November 17, 2014 – Today CVS Health announced it has signed a lease for the creation of a new Digital Innovation Lab at 116 Huntington Avenue in Boston, MA. The new 15,130 square feet Boston-based center will serve as a vital hub for the rapidly growing CVS Health Digital team, which will remain headquartered in Woonsocket, R.I. CVS Health also recently completed the opening of a new Digital Experience Center at the company’s headquarters in Woonsocket, and is actively recruiting new talent for both locations.

Boston was chosen because of the wealth of tech sector businesses establishing brick and mortar sites and the fact that it is one of the world’s renowned healthcare cities serving as the home to many leading medical institutions. CVS Health is a leader in the convergence of healthcare, retail and technology, and this new location will be instrumental in furthering the company’s mission of leveraging digital technology to put people on the path to better health.

“Boston is on the cutting edge of healthcare, and we have a thriving tech environment fueling innovation," said Mayor Martin J. Walsh. "Boston is the ideal location for CVS Health to invest in the Digital Innovation Lab, which will be a source of new ideas that will drive this company into the future."

“As a company that touches consumers not just through our retail stores, but through all the critical pharmacy and healthcare services we offer, CVS Health has a unique opportunity to impact our customers’ lives in meaningful ways that no one else can,” said Brian Tilzer, Senior Vice President, Chief Digital Officer for CVS Health. “As we expand our Digital team and invest in this part of our business, we are truly passionate about using technology to create tools that do not exist anywhere else, so we can empower our customers with a highly personalized pharmacy and retail experience across all channels.”

Tilzer continued, “Our new Boston office is a perfect complement to the growth happening on our team in Woonsocket and will help keep us at the forefront of digital innovation. The explosion of the city’s tech sector, as well as an increased opportunity to attract top talent in both healthcare and technology in the Greater Boston area, makes this the right move for us.”

The new CVS Health Digital Innovation Lab can house approximately 100 employees, with 90 percent of them anticipated as new hires. Plans for the new office include the creation of an open concept workspace that encourages idea-sharing and innovation to produce the next level of digital technology that will help enhance the customer experience through convenient, easy-to-use digital tools.

CVS Health continues to be ahead of the curve with creating cutting-edge digital services andpersonalized capabilities that deliver customers the most accessible and integrated personal pharmacy and health experience. CVS.com, the CVS/pharmacy Mobile smartphone app, and the CVS/pharmacy iPad app all seamlessly extend access to pharmacy services found in-store to shoppers at home, making it more convenient than ever before to manage, refill and pick up medication while also tapping into a wide variety of health and shopping resources when, where and how they want. Additionally, CVS Health is making it easier than ever for patients and customers of its MinuteClinic, specialty pharmacy, and pharmacy benefit management (PBM) and mail service pharmacy divisions to manage their prescriptions and other health needs through seamless, integrated digital experiences.

For information about job openings and career opportunities at CVS Health, within the Digital team and beyond, please visit http://www.cvshealth.com/careers.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through our 7,800 retail pharmacies, more than 900 walk-in medical clinics, a leading pharmacy benefits manager with nearly 65 million plan members, and expanding specialty pharmacy services, we enable people, businesses and communities to manage health in more affordable, effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at www.cvshealth.com.