M&A Deal Summary

CVS Health Acquires MinuteClinic

On July 13, 2006, CVS Health acquired retailer MinuteClinic

Acquisition Highlights
  • This is CVS Health’s 3rd transaction in the Retail sector.
  • This is CVS Health’s 3rd transaction in the United States.
  • This is CVS Health’s 1st transaction in Rhode Island.

M&A Deal Summary

Date 2006-07-13
Target MinuteClinic
Sector Retail
Buyer(s) CVS Health
Deal Type Add-on Acquisition

Target

MinuteClinic

Woonsocket, Rhode Island, United States
website
MinuteClinic LLC is a provider of retail-based health clinics in the U.S.

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Buyer(S) 1

Buyer

CVS Health

Woonsocket, Rhode Island, United States

website


Category Company
Founded 1996
Sector Healthcare Services
Employees219,000
Revenue 322.5B USD (2022)
DESCRIPTION
CVS Health office in Buffalo Grove, Illinois.
CVS Health office in Buffalo Grove, Illinois.

CVS Health operates retail pharmacies, walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.


DEAL STATS #
Overall 3 of 18
Sector (Retail) 3 of 7
Type (Add-on Acquisition) 2 of 12
State (Rhode Island) 1 of 1
Country (United States) 3 of 18
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-06 Eckerd

Largo, Florida, United States

Eckerd is a chain of drug stores based in Largo, Florida. The Company was originally established 1898.

Buy $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-02 Caremark Rx

Nashville, Tennessee, United States

Caremark Rx LLC provides healthcare services.

Buy $21.0B