Announced
Completed
Financials
Tags
Majority
Single Bidder
Pharmaceuticals
pharmacy
United States
Private
Acquisition
Friendly
Diversified Retailers
consumer retail
Completed
Domestic
Synopsis
CVS Pharmacy, a subsidiary of retail and health care company CVS Health, completed the acquisition of Schnucks pharmacies and retail stores. Financial terms were not disclosed. "We have great admiration for Schnucks and believe CVS Pharmacy can bring additional clinical services to its customers. One of CVS Health's strategic imperatives is to Be Local. By opening CVS Pharmacy locations within Schnucks stores, we're increasing access to high quality care and meeting customers where they are. Schnucks is a best-in-class grocer and we're honored to partner with them to bring our best-in-class pharmacy capabilities to their customers," Jon Roberts, CVS Health Executive Vice President and COO.
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