M&A Deal Summary |
|
|---|---|
| Date | 2004-04-06 |
| Target | Eckerd |
| Sector | Retail |
| Buyer(s) |
CVS Health
The Jean Coutu Group |
| Sellers(s) | J. C. Penney Company |
| Deal Type | Divestiture |
| Deal Value | 4.5B USD |
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| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Healthcare Services |
| Employees | 219,000 |
| Revenue | 322.5B USD (2022) |
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 | 2 of 18 |
| Sector (Retail) | 2 of 7 |
| Type (Divestiture) | 1 of 6 |
| State (Florida) | 1 of 2 |
| Country (United States) | 2 of 18 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 5 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-02-09 |
Arbor Drugs
Troy, Michigan, United States Arbor Drugs, Inc. a drug store chain, operates 207 locations, predominantly in southeastern Michigan. |
Buy | $1.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-13 |
MinuteClinic
Woonsocket, Rhode Island, United States MinuteClinic LLC is a provider of retail-based health clinics in the U.S. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Retail |
| Revenue | 2.9B CAD (2017) |
The Jean Coutu Group (PJC) Inc. is a Canadian pharmacy retailer operating a network of 419 franchised stores in Québec, New Brunswick, and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC Santé and PJC Santé Beauté, and employs more than 20,000 people. Furthermore, since December 2007, the Jean Coutu Group owns Pro Doc Ltd ("Pro Doc"), a Québec-based subsidiary and manufacturer of generic drugs.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Retail) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1902 |
| Sector | Retail |
| Employees | 95,000 |
| Revenue | 11.2B USD (2020) |
J. C. Penney Company is a US-based retailer. The Company primarily sells apparel, footwear, home goods, and beauty products. J. C. Penney Company was founded in 1902 and is based in Plano, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Retail) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1996-11-04 |
Eckerd
Largo, Florida, United States Eckerd is a chain of drug stores based in Largo, Florida. The Company was originally established 1898. |
Buy | $2.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-12 |
Liz Claiborne - Family of Brands
New York, New York, United States Liz Claiborne's family of brands include the worldwide rights and intellectual property for the entire Liz Claiborne brand portfolio, including Liz Claiborne, Claiborne, Liz, Liz & Co., Concepts by Claiborne, LC, Elizabeth, LizGolf, LizSport, Liz Claiborne New York (LCNY) and Lizwear brands. |
Buy | $268M |
