CVS to close some pharmacies in Target stores

(NEXSTAR) – CVS Health revealed Thursday that it will be shuttering “select” pharmacies located inside Target stores, according to several reports. The exact number of locations is not yet clear, but The Wall Street Journal reported that the plan involves of pharmacies. A spokesperson with CVS Health told that the closures will happen between February and April this year.

CVS isn’t the only pharmacy business to close locations, with announcing in October of last year that more than 150 locations would close. In June, 2023 it would close 150 stores in the U.S. and another 300 in the U.K. In 2021, CVS itself that it would be closing 900 stores over three years after “evaluating changes in population, consumer buying patterns and future health needs” to make sure its pharmacies were in the best locations.

CVS Health Target’s pharmacy and clinic businesses in 2015 for roughly $1.9 billion. The initial deal brought 1,672 pharmacies across 47 states under the CVS name..