Forbes March 10, 2020
CVS Health said it will buy the retail and specialty pharmacy business of Schnuck Markets, a large Midwestern grocer with 110 pharmacies.
CVS said it will “acquire and operate 99 of the grocer’s pharmacies and will brand them as CVS Pharmacy,” the company said.
The pharmacies are located inside of the Schnuck grocery stores though not all of them will continue to operate. “CVS Pharmacy and its subsidiaries will acquire the prescription files from 11 Schnucks pharmacies and transfer them to nearby CVS Pharmacy locations,” CVS said in a release Tuesday.
Financial terms of the transaction were not disclosed but it will bring a substantial presence to CVS in the Midwest where rival Walgreens Boots Alliance has a larger market...
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