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On June 15, 2015, CVS Health announced its agreement to acquire Target Corporation '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. [36]
CVS will close dozens of pharmacies located inside of Target stores in early 2024, a company spokesperson said on Thursday.
CVS Pharmacy. CVS Pharmacy is one of the largest retail pharmacy chains in the United States, with 9,600 stores located in all 50 states, [41] the District of Columbia, and Puerto Rico, operating primarily under the CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy and Drogaria Onofre names. [42]
The Target pharmacies were rebranded as CVS Health pharmacies, which totaled 1,672 pharmacies in February 2016. The Target clinics were also rebranded as MinuteClinic. The acquisition of the Target pharmacies enabled CVS to expand its market into Seattle, Denver, Portland, and Salt Lake City.
There are multiple CVS locations that have closed across the Sacramento region in recent months.
CVS came to dominate the retail pharmacy industry and beyond through ever-expanding operations fueled by acquisitions, mergers, and partnerships: The first wave of acquisitions