CVS Caremark to Buy Navarro Discount Pharmacy
July 14 2014 - 6:37PM
Dow Jones News
CVS Caremark Corp. (CVS) has reached an agreement to buy Navarro
Discount Pharmacy, the nation's largest Hispanic-owned drugstore
chain.
Financial terms weren't disclosed.
The deal, which CVS hailed as a step toward strengthening its
position in the fast-growing Hispanic marketplace, includes
Navarro's 33 retail pharmacies and Navarro Health Services, a
specialty pharmacy serving patients. The pharmacies will remain
under the Navarro Discount Pharmacy brand.
Navarro Discount Pharmacy has more than $340 million in sales a
year, CVS said.
Write to Maria Armental at maria.armental@wsj.com
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