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CVS bought 200 Arbor Drugs locations in 1998, opened approximately 180 new stores, closed about 160 stores, and relocated nearly 200 existing stores from strip malls to freestanding locations. In 1999 CVS acquired Soma.com, the first online pharmacy, and renamed it CVS.com. The same year, CVS launched their CVS ProCare Pharmacy for complex drug ...
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Walgreen Company (trading as Walgreens) is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. [3] It specializes in filling prescriptions, health and wellness products, health information, and photo services. [ 4 ]
On September 12, 2008, the Walgreen Co. stepped in with an offer representing a $3.50 (~$5.00 in 2023) per share premium over the cash purchase price offered by CVS. [6] However, Walgreens dropped their offer on October 8, allowing CVS' deal to progress. On October 29, CVS had secured 78.07% of Longs shares, and Longs was merged into CVS the ...
The new CVS Pharmacy model, which covers both generic and brand name drugs, will reduce the cost of most drugs, though some may see slight increases, said Amy Thibault, CVS Pharmacy spokeswoman.
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