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Case Study: Target Pharmacy Vs. Health

480 Words2 Pages

The well-known chain of Drugstore CVS Health is all set to acquire the famous retailer Target Pharmacy and Clinic business for $1.9 Billion as stated by the company on Monday. This deal was announced right after a month when CVS Health entered into an agreement to conquer Omnicare for around $12.5 Billion Dollar. The current deal wasn’t a big as the previous, however the both are going to make a huge positive difference to the CVS Health. This will result in around 1,600 Target Pharmacies covered in 47 states will have their branded changed as CVS/pharmacy and 80 clinics that were under Target will be named as MinuteClinic. The retailers are getting easier in another area also. Target can go forward with primitive stores called as Target Express Stores which would again have CVS/Pharmacy inside. Larry Merlo, CEO of CVS Heath stated that the relationship that is going to be for a …show more content…

However, Brian Cornell, CEO of Target stated that the complexity in the health care business is not positive for Target that lacks focus, scale and expertise to survive in the pharmacy world. He also stated that the process map and the strategy is all set for review and they are looking forward to see that Target becomes faster moving and more agile company. Apart from these, Target has no intension to sell any other core business associated to them. CVS has also promised to open 20 new clinic in Target stores in the span of 3 years of finalizing the deal. Target has said to use the deal money on long standing capital priorities. The company itself has $4 billion and hoping it would be eventually high after the deal. This can be finalized after the approval of U.S government officials and they have given the time frame of end of

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