CVS to Pay $1.9 Billion for Pharmacies Inside Target Stores

[Newsjock]

Source: Bloomberg

CVS Health Corp. will pay $1.9 billion to buy Target Corp.’s pharmacies and clinics, expanding its reach by adding stores bearing its name inside the second-largest discount retail chain in the U.S.

CVS Health will acquire Target’s more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format, branded as CVS/pharmacy, the companies said today in a statement. All new Target stores with pharmacy services will include a CVS/pharmacy, they said.

Read more: http://www.bloomberg.com/news/articles/2015-06-15/cvs-to-pay-1-9-billion-to-buy-and-operate-pharmacies-at-target

[TheCowsCameHome]

1. I'm running out of places to avoid CVS.

Pretty soon they will own every pharmacy in the country.

[still_one]

2. I agree.

[Sienna86]

6. Do anti-trust policies have any effect on this sale? nt

[d_legendary1]

11. I'll say. A local drugstore/diner in Miami is no longer going to dispense drugs

http://miami.cbslocal.com/2014/10/23/allens-drug-store-to-stop-pharmacy-services/

And you don't have to guess who's going to do it in their stead.

[Alkene]

3. Expect More, Pay Less:

the employee relations motto of the other WalMart, now associated with like-minded CVS.

Joy.

[jen63]

12. CVS is a union shop.

UFCW doesn't have a lot of clout, but it's better than NO union at all. Maybe they can organize the rest of Target. Little people have to work for these companies IRL. They don't get a choice any more.

[Alkene]

14. Tell me about it.

I'm one of those "little" people IRL, as you so condecendingly put it.
Do you want me to tell you about what it's like to work for Target, or are you already well versed in that experience?

[jen63]

15. No condescension meant.

I was a Kroger "little" person for twelve years. I didn't have a choice where to work either. I guess that's the point I was trying to get across to the "CVS is the devil" people. Sorry I offended you.

[SoapBox]

4. Ugh...

As if they aren't big enough.

[Coventina]

5. boo

I love my Target pharmacy.

All the employees know me (sad in a way!) and are super nice.
I also get a 5% shopping day at Target for every 5 scripts filled.
Happens far too often, but it's a nice perk.

[fredamae]

7. I guess one would have

to shop Target for one to be exposed.
I won't shop CVS and I sure Don't shop Target.

[olddots]

8. C.V.S. makes you feel like a suspect not a customer

if all we have is big business all we have is slavery redefined .

[Newsjock]

9. Target's $4 generics

I suspect this means the end of that. Hate to say it, but Walmart's $4 generics might start to look better.

[jen63]

10. CVS is a UNION shop.

Every customer gets treated like a criminal at the RX, unless you can find a mom and pop store. I can't. I'll give my cash to the Union shop any day.

[TheCowsCameHome]

13. I'd drive 50 miles to avoid their stores.

They've bulldozed any competition in our region into submission, plus they make WalMart look like good guys in white hats.

One day the government will order their breakup, after it's too late.

[Paper Roses]

16. Not good news for me. Don't like CVS for several reasons..

I have been using the Target Pharmacy for years, sorry to see this happen.

[Gloria]

17. In my town of 100,000 Walgreen's took over...but CVS now has

2 stores, one right opposite a Walgreen's.

I think the last independent closed its doors recently. It's a damned shame...

[Rossi]

18. CVS has been devouring the drugstore business since the 1960s.

Someday, there will only be CVS, and CVS by other names, like Longs. (Yes, they would have trouble eating Walgreens.) I don't understand it. Their stock is always a mess, their products are overpriced, and they always put ratty little black carpet squares all over their floors. At least they didn't make Longs do the carpet squares. So there is some hope.

[dembotoz]

19. How r their prices?

Have used target a couple times...Costco was closed or something... Anyway target seemed cheap
Perception I have is that CVS is more...but I don't know for sure

[kwassa]

20. CVS SUCKS BEYOND BELIEF.

My health plan requires I get my prescriptions from them.

Some of the most incompetent people in the working world "work" as pharmaceutical technicians for CVS, at my local store.

Every time I get a prescription refilled, it is like playing the lotto.

I might get the right quantity.

I might get the right price.

I might get service within an hour of arrival. The prescription might be filled, despite what they assured me on the phone.

If I call them on the phone, the call might be answered in 15 minutes. Or not.

But otherwise, they are fabulous.