CVS Caremark Buys Regional Pharmacy, Adds to its Clinical Affiliations

CVS  CVS Caremark Corp. (NYSE: CVS – $77.36) agreed to buy Navarro Discount Pharmacy, the largest Hispanic-owned drugstore chain in the U.S. Terms of agreement weren’t disclosed. The deal includes Navarro’s 33 retail drugstores and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases. Navarro has annual sales of more than $340 million and specializes in serving Hispanic and ethnic marketplaces in the greater Miami area. Separately, the Rhode Island-based company announced it has entered into new clinical affiliations with four major health care providers to enhance access to high-quality, affordable health care services for patients. The collaborating health care providers include ProHealth Physicians in Connecticut, Texas Health Resources in Texas, Palmetto Health in South Carolina and The Baton Rouge Clinic in Louisiana. Through these clinical affiliations the patients of these health care providers will receive access to clinical support, medication counseling, chronic disease monitoring and wellness programs at CVS/pharmacy stores and MinuteClinics, the retail health care division of CVS Caremark. Despite the share price run-up over the past year, CVS is a worthwhile consideration for the conservative investor over the long-term.

CVS

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: