CVS Health announces HBCU supplier diversity partnerships

A group of students with three HCBU college logos as an overlay on top if the image..

As a part of a longstanding commitment to supplier diversity and the advancement of social justice and equity, CVS Health® is pleased to announce three new partnerships with Historically Black Colleges and Universities (HBCU) including Morehouse College, Florida A&M University and North Carolina A&T University.

The HBCU program, launched as part of our 2022 supplier diversity strategy, is being tailored to the unique curricula of each institution in hopes of developing creative and innovative solutions with a focus on supplier development and education, community and industry relationship building, student inclusion and an overall positive impact within the Black community.

These relationships continue to drive our goal of arming diverse suppliers and program participants with the skills needed to succeed in business and flourish in their industry. These partnerships will support initiatives that inspire and fuel innovation while working with local policymakers and advocacy leaders to support underserved communities.

Since 2000, CVS Health has actively sought diverse suppliers of products and services to meet the needs of our customers, clients and colleagues. Our supplier diversity program is designed to complement our commitment to providing outstanding service to our customers and recognize the critical role diverse suppliers have in our continued success. This program demonstrates our continued commitment both to best practices in business and to the communities we serve.

“CVS Health recognizes the value of doing business with diverse and small business suppliers in our supply chain. Partnerships with HBCUs like Florida A&M University, Morehouse College and North Carolina A&T University will ​elevate community engagement, diverse supplier development and networking opportunities in support of underserved communities" said Monette Knapik, executive director of enterprise procurement, supplier diversity at CVS Health.

Florida A&M University collaboration

Our engagement with Florida A&M University in the development of the Executive Leadership Program resulted in a meaningful collaboration to build a program that can be replicated, scaled and implemented by other Fortune 100 companies. Through this approach, we are expanding the depth and breadth of the executive learning series to yield impact beyond its immediate scope.

Morehouse College collaboration

In February 2022, we collaborated with the Morehouse College Innovation and Entrepreneurship Center (MIEC) on a pilot program aimed at increasing their supplier diversity pipeline by starting, scaling and sustaining Black businesses through both students and businesses in the community. The pilot, known as the Accelerating Growth Activator’s Program (AGAP), consists of 13 minority-owned businesses focused on supplying services and products to the health care Industry. The businesses represent technology, staffing, medical suppliers, facilities management and community providers whose aggregate revenue was $46M in 2021.

North Carolina A&T University collaboration

In partnership with North Carolina A&T University, we are committed to supporting the university’s 2022 Community and Economic Engagement summit. Through careful and thoughtful planning, the summit, titled “Surviving and Thriving in a Post-Pandemic Economy,” will be increasingly targeted, informative and engaging for participants. The goal of our relationship with North Carolina A&T University is to benefit the lives of local and regional community members year over year.