CVS Caremark Ranks Among 50 Best Fertility- and Adoption-Friendly Workplaces in America

Conceive Magazine recognizes CVS Caremark’s focus on family-building benefits for its employees

WOONSOCKET, R.I., June 8 /PRNewswire/ — CVS Caremark (NYSE: CVS) is proud to announce it has been named one of Conceive Magazine’s 50 Best Companies in the country for offering superior family-building benefits, such as health insurance coverage for fertility diagnosis and treatment, financial assistance for adoptions, and paid and unpaid leave for birth and adoptions. CVS Caremark is featured as one of the 50 Best Companies in the May/June 2009 issue of Conceive (and on http://www.ConceiveOnline.com/fifty-best), the third annual special feature focused on the employers that offer the best benefits for women and men hoping to be parents.

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Among the family-building benefits CVS Caremark offers employees are financial adoption assistance available for each employee, 6-8 weeks paid leave for birth mothers and up to 12 weeks unpaid leave for birth and adoptive parents and infertility treatment coverage for infertility diagnostic procedures, fertility medications and assisted reproductive technologies up to $20,000 per employee.

“At CVS Caremark we are focused on being the best company for which to work and have implemented many programs and initiatives to help us achieve that goal,” said V. Michael Ferdinandi, Senior Vice President of Human Resources, CVS Caremark. “We recognize that the journey to start a family can be an expensive undertaking for some couples and we have developed our benefits package to support our employees no matter what route they take; whether they give birth or choose to adopt we have benefits to help support our employees and make their dreams of starting a family become a reality.”

“The 50 Best Companies issue is an important one that helps raise awareness of the importance of benefits for infertility and adoption for today’s employees and employers,” said Kim Hahn, founder of Conceive Magazine. “CVS Caremark understands that even in the current economic climate, when many companies are cutting back and reducing costs, offering premier fertility- and adoption-friendly benefits is a powerful tool for recruiting and retaining the best employees.”

About Conceive

Published five times a year, Conceive is America’s premier getting-pregnant magazine, providing advice and tips on all aspects of fertility and family planning, including health, fitness, medicine, and lifestyle. Conceive is available at ob/gyn offices nationwide, as well as Babies ‘R’ Us and national bookstores. Also available from Conceive are three new books: The Fertility Journal: A Day-by-Day Guide to Getting Pregnant, Fertility Facts: Hundreds of Tips for Getting Pregnant, Cooking to Conceive (available for pre-order at www.chroniclebooks.com), and the weekly online podcast Conceive On-Air hosted by Kim Hahn.

About CVS Caremark

CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its more than 6,900 CVS/pharmacy and Longs Drugs stores; its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy); its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations section of the Company’s Web site, at www.cvscaremark.com/investors, as well as through the press room section of the Company’s Web site, at www.cvscaremark.com/newsroom.

    Media Contact:
    Christine Cramer                            Emily Kruckemyer
    Corporate Communications                    Managing Editor
    CVS Caremark                                Conceive Magazine
    ckcramer@cvs.com                            Emily@conceivemagazine.com
    (401) 770-3317                              407-447-2456

SOURCE CVS Caremark