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DewDiligence

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DewDiligence

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Re: DewDiligence post# 189373

Monday, 06/15/2015 10:54:56 AM

Monday, June 15, 2015 10:54:56 AM

Post# of 257265
CVS buys Target’s Pharmacy business for $1.9B in cash:

http://www.wsj.com/articles/cvs-to-buy-targets-pharmacy-business-for-1-9-billion-1434367874

CVS Health Corp. on Monday said it is paying $1.9 billion to buy and run Target Corp. ’s pharmacies and clinics, giving the drugstore chain about 1,700 more locations to offer its growing health-care services.

As part of the deal, Target’s pharmacies will be rebranded as CVS/pharmacy and operate as separate stores within a store, while Target’s nearly 80 clinics will be changed over to CVS’s MinuteClinic banner.

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