CVS/pharmacy to Acquire 19 Medicine Chest Pharmacy Locations in Texas

WOONSOCKET, R.I. and SULPHUR SPRINGS, Texas, Dec. 14, 2012 /PRNewswire/ -- CVS/pharmacy and Medicine Chest Pharmacy announced today that CVS will acquire 19 Medicine Chest drug stores in Texas during the last weekend of December. CVS/pharmacy will operate nine of the acquired locations and relocate ten other Medicine Chest pharmacies into nearby existing CVS/pharmacy locations. Medicine Chest will continue to operate its remaining ten locations.

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"CVS/pharmacy is committed to helping people on their path to better health in our more than 550 Texas locations. By expanding our presence in the state through the acquisition of Medicine Chest's high quality pharmacies, we will offer our customers greater convenience and access to our services. We look forward to working with our new colleagues and taking care of our new customers' pharmacy needs," said Laura Underwood, Area Vice President, CVS/pharmacy.     

"Medicine Chest Pharmacy is proud to have served the Texas community since 1976 and it has been an honor to take care of our customers' pharmacy needs over the years," said Chad Michel, Chief Operating Officer, of Medicine Chest Pharmacy. "As we continue to focus on our long-term care pharmacies and our remaining retail locations, we believe CVS/pharmacy is the right partner that will maintain the same level of quality care in those markets we have divested.  CVS has worked very hard to make a smooth transition for our customers and employees.  Prescription and insurance information will be available at CVS seamlessly, with no interruption of services."   

The following Medicine Chest pharmacies will relocate their pharmacy business and transfer customer prescription records to the corresponding existing CVS/pharmacy stores on December 31.

The following Medicine Chest Pharmacy locations will operate as CVS/pharmacy. Prescription services will continue to be available during the remodeling and renaming process.

About CVS/pharmacy

CVS/pharmacy, the retail division of CVS Caremark Corporation (NYSE: CVS), is America's leading retail pharmacy with more than 7,400 CVS/pharmacy and Longs Drug stores. CVS/pharmacy is reinventing pharmacy to help people on their path to better health by providing the most accessible and personalized expertise, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at http://info.cvscaremark.com.

About Medicine Chest

Medicine Chest historically operated 26 retail stores and three long term care pharmacies all in Texas.  The company will continue to own and operate 7 retail pharmacies located in Clarksville, Mt Vernon, Quitman, Tyler, Orange and Bryan Texas.  The company, through its three long term care pharmacies located in Houston, Sulphur Springs and Bryan will continue to provide excellent service to long term care facilities including nursing homes and assisted living facilities throughout Texas.  Medicine Chest will continue to keep their focus on fast and friendly customer service while embracing their motto of "Making a Difference With Service!" More information is available at www.medicinechestrx.com.

MEDIA CONTACTS

For CVS/pharmacy:
Mike DeAngelis
[email protected]
401-770-2645

For Medicine Chest:
Morgan Porter
[email protected]
903-951-5006

SOURCE CVS/pharmacy