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M&A Deal Summary

CVS Pharmacy Acquires Hoover Pharmacy

On March 28, 2023, CVS Pharmacy acquired life science company Hoover Pharmacy

Acquisition Highlights
  • This is CVS Pharmacy’s 3rd transaction in the Life Science sector.
  • This is CVS Pharmacy’s 4th transaction in the United States.
  • This is CVS Pharmacy’s 1st transaction in California.

M&A Deal Summary
Date 2023-03-28
Target Hoover Pharmacy
Sector Life Science
Buyer(s) CVS Pharmacy
Deal Type Add-on Acquisition

Target

Hoover Pharmacy

Palo Alto, California, United States
Hoover Pharmacy is a specialty & retail pharmacy based in the San Francisco Bay area focused on serving stanford medical campus patients.

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Buyer(S) 1

Buyer

CVS Pharmacy

Woonsocket, Rhode Island, United States
Category Company
Founded 1963
Sector Life Science
DESCRIPTION

CVS Pharmacy, Inc. is a retail pharmacy with over 7,800 CVS Pharmacy and Longs Drugs stores. CVS Pharmacy is reinventing pharmacy to help people on their path to better health by providing the most accessible and personalized expertise.

DEAL STATS #
Overall 4 of 4
Sector: Life Science M&A 3 of 3
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 MedAvail - SpotRx pharmacies

Phoenix, Arizona, United States

MedAvail's SpotRx pharmacies are located in Tucson and Phoenix, Buena Park, Laguna Hills and San Fernando, Southfield, and in Orlando and Tampa. MedAvail's SpotRx pharmacies are based in Phoenix, Arizona.

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