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06/16/2015 01:25 PM ID: 100723 Permalink   

CVS to Buy Target’s Pharmacy Business for $1.9 Billion

 

Drugstore chain CVS said on Monday that it would purchase Target´s pharmacies and clinics in a deal worth $1.9 billion.

CVS will take over operations of 1,660 Target pharmacies as a store within a store and rebrand them as CVS/pharmacy.

“This strategic relationship with Target supports the highly complementary customer base, brand and culture we share. This relationship with Target will provide consumers with expanded options and access to our unique health care services that lead to better health outcomes and lower health care costs," CEO Larry Merlo says.

 
  Source: www.upi.com  
    WebReporter: edie Show Calling Card      
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