CVS to acquire MinuteClinic

CVS to acquire MinuteClinic

CVS Corp. announced that it has entered into a definitive agreement to acquire Minneapolis-based MinuteClinic, a provider of retail-based health clinics. MinuteClinic will operate as a wholly owned subsidiary of CVS Corp. There are currently 83 MinuteClinics in 10 states, 66 of which are within CVS pharmacies. Completion of the transaction is expected this summer. MinuteClinic plans to continue operating clinics in CVS and other retail locations, including existing Bartell Drug, Cub Foods, and QFC locations and at new retail hosts as well as corporate and government offices.

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