Chattanooga, Tenn.-based Erlanger Health System will sell its four retail pharmacies to CVS on Saturday for $10 million if hospital trustees approve the sale, according to the Times Free Press.
If the $10 million dollar deal is approved, the two pharmacies at Erlanger East and Erlanger North, both in Chattanooga, will close and two others in East Chattanooga will convert to CVS drug stores this weekend.
"This [sale] allows better access for our patients and our employees (since CVS stores are open more hours and in more locations) and we'll still have critical locations at our main campus and at the health center," Britt Tabor, Erlanger's CFO, told hospital trustees, according to the report.
The full board of trustees will vote on the sale Thursday night.