M&A Deal Summary

CVS Pharmacy Acquires Ritzman Pharmacies - 20 retail pharmacies

On January 7, 2019, CVS Pharmacy acquired life science company Ritzman Pharmacies - 20 retail pharmacies from Ritzman Pharmacies

Acquisition Highlights
  • This is CVS Pharmacy’s 1st transaction in the Life Science sector.
  • This is CVS Pharmacy’s 1st transaction in the United States.
  • This is CVS Pharmacy’s 1st transaction in Ohio.

M&A Deal Summary
Date 2019-01-07
Target Ritzman Pharmacies - 20 retail pharmacies
Sector Life Science
Buyer(s) CVS Pharmacy
Sellers(s) Ritzman Pharmacies
Deal Type Divestiture

Target

Ritzman Pharmacies - 20 retail pharmacies

Rittman, Ohio, United States
Ritzman Pharmacies - 20 retail pharmacies comprises retail pharmacies based in Rittman, Shreve, Sugarcreek, Wooster Milltown, Medina River Styx, Millersburg, Barberton, Wadsworth, Norton, Seville, Green, Wooster Downtown, Ashland, Orrville, Medina Forest Meadows, Dover, and Jackson.

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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 1 of 4
Sector (Life Science) 1 of 3
Type (Divestiture) 1 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 4
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Schnuck Markets - Retail & Specialty Pharmacy Businesses

St. Louis, Missouri, United States

Schnuck Markets' Retail & Specialty Pharmacy Businesses operates 99 of the grocer's pharmacies.

Buy -

Seller(S) 1

SELLER

Ritzman Pharmacies

Medina, Ohio, United States
Category Company
Sector Life Science
DESCRIPTION

Ritzman Pharmacies, Inc. is a provider of pharmaceutical products based in Medina, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

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