Vice President, Corporate Development

We're building a world of health around every individual - shaping a more connected, convenient and compassionate health experience. At CVS Health, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger - helping to simplify health care one person, one family and one community at a time.

Position Summary

The Vice President of Corporate Development will lead enterprise‑wide merger, acquisition, divestiture, and strategic investment activity for CVS Health, one of the largest, most diversified, and highly regulated healthcare organizations in the U.S. This role is responsible for shaping and executing CVS Health's corporate development strategy, advising senior leadership and the Board on inorganic growth opportunities, and leading a best‑in‑class Corporate Development function.

This is a critical leadership role at a pivotal moment. The VP will be responsible not only for deal execution, but also for rebuilding and strengthening the Corporate Development organization-establishing operating rigor, credibility, and enterprise partnership across a complex, multi‑segment business.

The role spans corporate development activity across CVS Health's diversified portfolio, including:

• Pharmacy Services / PBM
• Health Care Benefits (payer)
• Retail and Consumer Health
• Provider‑adjacent, value‑based care, and healthcare services assets
• Digital, data, and analytics‑enabled healthcare platforms

The VP must be effective operating across a highly matrixed enterprise with multiple business presidents, shared services partners, and enterprise governance bodies.

Strategy & Enterprise Leadership

• Partner with executive leadership to define and prioritize enterprise‑level corporate development strategy aligned with CVS Health's long‑term growth and value creation objectives.
• Serve as a trusted advisor to the Executive Leadership Team and Board of Directors on inorganic growth, strategic alternatives, capital allocation, and portfolio optimization.
• Lead and rebuild the Corporate Development function, establishing clear governance, decision frameworks, operating cadence, and performance standards.

M&A and Investment Execution

• Lead end‑to‑end transaction execution including target identification, valuation, diligence, negotiation, structuring, and closing.
• Develop investment theses, strategic rationales, and scenario‑based recommendations for complex transactions.
• Oversee integration strategy and execution in partnership with business leaders, finance, legal, compliance, and operations-driving value realization in a highly matrixed environment.
• Evaluate and execute divestitures and strategic exits as part of broader portfolio management.

Capital Markets & External Relationships

• Maintain strong, established relationships with investment banks, financial sponsors, and advisors across the healthcare ecosystem.
• Represent CVS Health externally in M&A discussions and negotiations with credibility and discipline.
• Ensure market‑credible engagement with advisors and counterparties consistent with CVS Health's scale and reputation.

Governance, Risk & Regulatory Leadership

• Ensure all transactions adhere to enterprise governance standards and healthcare regulatory requirements.
• Incorporate regulatory, reimbursement, antitrust, and government program considerations (including payer, PBM, pharmacy, and provider dynamics) into deal evaluation and execution.
• Partner closely with legal, compliance, and finance teams to assess and manage financial, operational, regulatory, and reputational risk across the transaction lifecycle.

Team Development & Culture

• Build, lead, and develop a high‑performing corporate development team with clear roles, accountability, and succession planning.
• Establish scalable processes, analytical rigor, and best‑practice tools to support enterprise‑level execution.
• Lead with an enterprise mindset in a purpose‑driven, values‑based organization focused on improving health outcomes.

Required Qualifications

• 15+ years of experience in corporate development, investment banking, private equity, or a relevant combination.
• Significant hands-on experience leading complex M&A transactions from strategy through close.
• Deep expertise in valuation, deal structuring, financial modeling, and transaction governance.
• Demonstrated experience operating within a large, highly matrixed, and regulated enterprise.
• Proven ability to influence senior executives and business presidents without direct authority.
• Track record of rebuilding or transforming a function or team during periods of change.
• Healthcare industry experience, including exposure to payer, PBM, pharmacy, provider, or services businesses.
• Established relationships across the healthcare investment banking and advisory ecosystem.
• Experience supporting Executive Leadership Team and Board level decision making.
• Experience with large-scale acquisitions and complex integrations, not solely tuck in transactions.

Preferred Qualifications

MBA or other advanced degrees strongly preferred.

Education

Bachelor's degree in finance, Economics, Business Administration, or a related field required.

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.

Additional details about available benefits are provided during the application process and on Benefits Moments.

We anticipate the application window for this opening will close on: 08/14/2026

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.