CVS To Close 200-225 Eckerd Stores; Number Is Fewer Than Expected, Retailer Says
This article was originally published in The Pink Sheet Daily
The chain has held “introductory meetings” with Eckerd workers; the acquisition of 1,260 stores is expected to close in June. The Eckerd Health Services PBM could help revitalize CVS’ PharmaCare division, which experienced flat growth in the first quarter.
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CVS sees the acquisition of Eckerd Health Services as key to luring larger corporate PBM customers. The acquisition of 1,260 Eckerd pharmacies also makes CVS the number one U.S. pharmacy retailer in store count, with over 5,000 outlets.
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