WOONSOCKET, R.I. -- The creation of CVS Caremark had its share of drama.
The merger of CVS Corp. and Caremark Rx Inc. was first announced November
1, 2006, and heralded by Caremark chairman, president and chief executive officer Mac Crawford as "a powerful force for change in pharmacy services."
CVS chairman, president and CEO Tom Ryan hailed the merger as "a logical evolution for CVS, Caremark and the entire pharmacy industry. "
The transaction would create a drug distribution powerhouse dispensing more than 1 billion prescriptions annually with a network of more than 6,200 retail pharmacies and a client base of more than 2,000 employers …

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