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CVS To Buy Target's Pharmacies For $1.9 Billion

CVS will pay $1.9 billion dollars to buy Target's 1,700 pharmacies and clinics. (jeepersmedia/Flickr)
CVS will pay $1.9 billion dollars to buy Target's 1,700 pharmacies and clinics. (jeepersmedia/Flickr)

CVS announced today that it will pay $1.9 billion to buy Target’s 1,700 pharmacies and clinics. The purchase will give CVS, the second largest drugstore chain in the country, a chance to expand into some new markets.

The deal will also allow Target to hand off its pharmacies, which had not been as profitable as its other retail departments. Here & Now’s Robin Young talks with with Jill Schlesinger of CBS News about the purchase.

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