CVS Health said Thursday it should close some pharmacies that operate inside Goal stores in the course of the first several months of the 12 months.
The closures will begin in February and be accomplished by the tip of April, an organization spokesperson said. Prescriptions can be transferred to a close-by CVS Pharmacy prior to closing, the spokesperson added.
The Wall Street Journal reported dozens of pharmacies are affected.
The closures will begin in February and be accomplished by the tip of April, CVS said. CVS Health via AP Images
US pharmacy chains including rival Walgreens Boots Alliance have been implementing cost cuts in an effort to tackle decreased spending by inflation-weary consumers and intense competition.
The pharmacy closures are “based on our evaluation of changes in population, consumer buying patterns and future health needs,” CVS said.
The spokesperson declined to comment on locations impacted by the move, but said the staff affected by the closures can be offered comparable roles inside the company.
CVS in 2015 bought Goal’s pharmacies and clinics in a $1.9 billion deal. Christopher Sadowski
CVS in 2015 bought Goal’s pharmacies and clinics in a $1.9 billion deal adding about 1,660 pharmacies in the method.
The healthcare conglomerate, which now operates greater than 9,000 retail pharmacies within the US, also includes one in all the biggest US pharmacy profit managers and the Aetna health insurer.