Through the deal, CVS will have about 1,700 new locations to offer its healthcare services. Although the pharmacies will still be located inside the Target stores, they will operate “as separate stores within stores,” according to The Wall Street Journal.
The pharmacies will be rebranded to carry the CVS name, and Target’s clinics will also be rebranded as CVS MinuteClinics.
The deal requires regulatory approval, and it’s unclear at this time when the transaction would close, according to the report.
More articles on healthcare transactions:
Mid-year report: 9 called-off hospital, health system deals in 2015
Healthcare deals down year-over-year in May
Experts weigh in on proposed Northwestern, KishHealth affiliation
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
