CVS will acquire six of Toledo, Ohio-based ProMedica's outpatient pharmacies with plans to close five of them, according to WTOL.
The five pharmacies CVS will close are in Toledo and Sylvania, Ohio. The companies will announce closure dates in coming weeks. In November, CVS will begin operating the pharmacy it acquired in Oregon, Ohio.
"ProMedica and CVS Pharmacy are working closely together to ensure patients experience a seamless transition of services and that their access to pharmacy care is not interrupted," said Neeraj Kanwal, MD, senior vice president of inpatient and retail pharmacy at ProMedica. "We're confident our patients will benefit from CVS Pharmacy's unique clinical services."
More articles on healthcare industry transactions:
Quorum finalizes deal to sell Illinois hospital, marking second divestiture this week
Yale New Haven, Connecticut Children's Medical Center table partnership talks
Quorum Health signs definitive agreement to divest Alabama hospital