CVS Pharmacy to acquire 110 Schnucks pharmacies

3 weeks 16 hours 45 minutes ago Tuesday, March 10 2020 Mar 10, 2020 Tuesday, March 10, 2020 2:46:00 PM CDT March 10, 2020 in News
By: Bill Finn, KOMU 8 Digital Producer

COLUMBIA - CVS Pharmacy and its subsidiaries will be acquiring Schnuck Markets Inc.’s retail and specialty pharmacy businesses, according to a press release.

CVS Pharmacy and its subsidiaries will acquire and being operation of 99 of the pharmacies and will brand them as CVS Pharmacy. Additionally, they will acquire the prescription files from 11 Schnucks pharmacies and transfer them to nearby CVS Pharmacy locations, according to the release.

Representatives for both Schnucks and CVS could not determine the forthcoming status of the Columbia and Jefferson City Schnucks.

"By opening CVS Pharmacy locations within Schnucks stores, we’re increasing access to high quality care and meeting customers where they are," John Roberts, executive vice president and chief operating office of CVS Health, said. "Schnucks is a best-in class grocer and we’re honored to partner with them to bring our best-in-class pharmacy capabilities to their customers.”

The transaction is expected to be completed by end of the second quarter.

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