CVS to acquire St. Louis grocery chain's pharmacy business

CVS Pharmacy will acquire all 110 of St. Louis-based grocery store chain Schnucks' retail and specialty pharmacies, the companies said March 10. 

CVS said it will operate 99 of the pharmacies and brand them as CVS and close the remaining 11. The company added that it will acquire the prescription files from the 11 pharmacies that will close and transfer them to nearby CVS Pharmacy locations. 

CVS also said it will interview all Schnucks employees who apply for pharmacy positions in the rebranded pharmacies. 

The deal is expected to close by the end of the second quarter. 

Read the full news release here

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