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CVS purchased Target’s pharmacy business from the big box retailer in 2015 for $1.9 billion. It currently operates about 1,800 pharmacies within Target’s 1,950 US locations . CVS has about ...
CVS Health Corporation is an American for-profit healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands.
In January 2024, CVS said some Target pharmacy locations would close between February and April, citing shifts in population, consumer consumption, and anticipated health needs. The move came amid industry-wide labor struggles for pharmacies and were part of the company's plans to close about 10% of its stores overall.
Here is a list of the 15 states set to host new Target locations, according to the store's website. Target did not specify when the stores would be opening when asked by USA TODAY.
In January 2019, Walmart announced that it would no longer use CVS Caremark as its pharmacy benefit manager. [19] In January 2020, CVS Caremark announced RxZero, a program that would allow patients with diabetes to pay no copays. [20] In February 2020, Alan Lotvin was appointed president of CVS Caremark. [21]
On June 15, 2015, CVS Health announced its agreement to acquire Target's pharmacy and retail clinic businesses. The deal expanded CVS to new markets in Seattle, Denver, Portland and Salt Lake City. The acquisition includes more than 1,660 pharmacies in 47 states. CVS will operate them through a store-within-a-store format.
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