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Revco

This article was originally published in The Tan Sheet

Executive Summary

To divest 272 stores in 12 states that were formerly part of Hook-SupeRx, Revco announced July 19. Revco officially acquired Hook-SupeRx July 15. The company said it is "in the process of talking to interested parties." Separately, the Federal Trade Commission issued a proposed consent agreement to settle allegations by the agency that Revco's merger with Hook SupeRx could increase prices and reduce service for prescription drugs sold in three retail stores in Virginia. The proposed settlement requires Revco to divest "certain pharmacy assets in those areas," FTC says
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