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Keyword: cvstarget

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  • CVS, Target score $1.9B deal

    06/15/2015 7:28:34 AM PDT · by markomalley · 16 replies
    Washington Business Journal ^ | 6-15-15 | Bob Niedt
    CVS Health Corp. will acquire, rebrand and operate the pharmacies and clinics inside all of the nation's Target stores in a landmark deal worth $1.9 billion, the two retailers announced in a news release Monday morning. That will give CVS (NYSE: CVS) 1,660 new locations in 47 states, operating a store-within-a-store inside Target's upscale discount stores. Those stores will be rebranded CVS/pharmacy. Target's 80 in-store clinics will be rebranded MinuteClinic, and CVS reports it will add 20 more of those in other Target (NYSE: TGT) stores in three years or so. “This strategic relationship with Target supports the highly complementary...