WOONSOCKET – CVS Health Corp. has reached an agreement to buy 110 pharmacies from Schnucks Markets Inc., the company announced on Tuesday.
CVS Pharmacy and its subsidiaries plans to rebrand and operate 99 of the grocer’s pharmacies as CVS Pharmacies. The other 11 pharmacies will have their prescription files acquired and transferred to nearby CVS Pharmacies.
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“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,” said Jon Roberts, CVS Health executive vice president and chief operating officer.
Schnucks has locations in Missouri, Illinois, Indiana and Wisconsin.
The deal is expected to close in the second quarter. Terms of the deal were not disclosed.
