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Hook's-SupeRx acquired the New England–based Brooks Pharmacy chain in 1988. [3] Hooks-SupeRx stores traded under three different names – Hook's Drug and SupeRx in the Midwest and Brooks Pharmacy in New England. Hook's-SupeRx was acquired by Revco in 1994. [1] Revco was subsequently acquired by CVS in 1997. Many former Hook's locations are ...
CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue. [ 8 ] [ 5 ] [ 9 ] Its parent company ranks as the fifth largest U.S. corporation by FY2020 revenues in the Fortune 500 . [ 4 ]
Step into any CVS in the nation's capital and you’ll find shelves lined with locked display boxes. But this approach is particularly unique.
The company's California drugstore operations were enhanced through the early 1992 $60 million purchase of 85 CVS Stores (63 CVS Pharmacy drugstores and the rights to operate 22 CVS health and beauty aid stores) from the Melville Corporation. These stores converted to the Sav-on Drugs and Sav-on Express banners.
The company's expansion continued throughout the mid-20th century. In 1932, Jewel acquired the Chicago unit of the Canadian firm Loblaw Groceterias, Inc., then a chain of 77 self-service stores, [11] as well as four Chicago grocery stores operated by the Middle West Stores Company, and began operating them under the name Jewel Food Stores. [12]
Peoples Drug was a chain of drugstores based in Alexandria, Virginia. [1] Founded in 1905, Peoples was subsequently purchased by Lane Drug in 1975, Imasco in 1984, and finally by CVS in 1990, which continued to run the stores under the Peoples banner until 1994, at which time the stores were converted to CVS, marking the end of the use of the Peoples Drug name.
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On February 8, 2023 CVS Health announced it has entered into a definitive agreement to acquire Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion. [13] In September 2024, the company paid $60 million to settle a lawsuit for violating the federal Anti-Kickback Statute. [14]
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