CVS Taking Over Grocery Chain's Pharmacies

CVS Health (NYSE: CVS) has been aggressive when it comes to expansion. That includes taking over pharmacies in existing grocery and department stores, as it's done through its partnership with Target.

Now, the company has made a deal to take over Schnuck Markets Inc.'s retail and specialty pharmacy businesses. Under the terms of the deal, CVS will "acquire and operate 99 of the grocer's pharmacies and will brand them as CVS Pharmacy," according to a press release.

Image source: CVS.

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Source Fool.com