M&A Deal Summary

CVS Pharmacy Acquires Schnuck Markets - Retail & Specialty Pharmacy Businesses

On March 10, 2020, CVS Pharmacy acquired retailer Schnuck Markets - Retail & Specialty Pharmacy Businesses from Schnuck Markets

Acquisition Highlights
  • This is CVS Pharmacy’s 1st transaction in the Retail sector.
  • This is CVS Pharmacy’s 2nd transaction in the United States.
  • This is CVS Pharmacy’s 1st transaction in Missouri.

M&A Deal Summary
Date 2020-03-10
Target Schnuck Markets - Retail & Specialty Pharmacy Businesses
Sector Retail
Buyer(s) CVS Pharmacy
Sellers(s) Schnuck Markets
Deal Type Divestiture

Target

Schnuck Markets - Retail & Specialty Pharmacy Businesses

St. Louis, Missouri, United States
Schnuck Markets' Retail & Specialty Pharmacy Businesses operates 99 of the grocer's pharmacies.

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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 2 of 4
Sector (Retail) 1 of 1
Type (Divestiture) 2 of 3
State (Missouri) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 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.

Buy -
FOLLOWING 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.

Buy -

Seller(S) 1

SELLER

Schnuck Markets

St. Louis, Missouri, United States
Category Company
Founded 1939
Sector Retail
Employees13,500
DESCRIPTION

Schnuck Markets, Inc. is a grocery and pharmacy retailer. Schnucks operates 112 stores, serving customers in Missouri, Illinois, Indiana, Wisconsin, and Iowa. Schnuck Markets was established in 1939 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
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