CVS Pharmacy signs agreement to acquire, rebrand and operate Schnucks Pharmacies

CVS Pharmacy signs agreement to acquire, rebrand and operate Schnucks Pharmacies
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CVS Pharmacy to acquire 110 pharmacies in Midwest

WOONSOCKET, R.I. — CVS Pharmacy, Inc., a subsidiary of CVS Health Corporation (NYSE: CVS), and Schnucks announced today that they have entered into a definitive agreement for CVS Pharmacy and certain of its subsidiaries to acquire Schnuck Markets Inc.'s retail and specialty pharmacy businesses.

Through this agreement, CVS Pharmacy and its subsidiaries will acquire and operate 99 of the grocer's pharmacies and will brand them as CVS Pharmacy. Additionally, CVS Pharmacy and its subsidiaries will acquire the prescription files from 11 Schnucks pharmacies and transfer them to nearby CVS Pharmacy locations.

This strategic relationship brings together one of the leading grocers in the Midwest region with CVS Pharmacy's innovative pharmacy services and clinical expertise to enhance the overall health care experience and continue to provide a convenient option for Schnucks customers. The relationship also provides CVS Health with a capital-efficient way to expand into key areas.

"We have great admiration for Schnucks and believe CVS Pharmacy can bring additional clinical services to its customers. One of CVS Health's strategic imperatives is to Be Local. By opening CVS Pharmacy locations within Schnucks stores, we're increasing access to high quality care and meeting customers where they are. Schnucks is a best-in-class grocer and we're honored to partner with them to bring our best-in-class pharmacy capabilities to their customers," said Jon Roberts, executive vice president and chief operating officer, CVS Health.

In 2014, CVS Pharmacy became the first and only major retail pharmacy to remove tobacco from its shelves. Schnucks stores became tobacco free as of January 1, 2020. Schnucks' decision to exit tobacco further aligns the company with CVS Health.

"As Schnucks continues to expand our emphasis on health and wellness, this collaboration with CVS is an opportunity for us to align with a company that has a similar focus," said Todd Schnuck, chairman and chief executive officer of Schnucks. "This partnership allows us to continue to provide quality pharmacy services to our customers in a manner they've come to expect, while supporting our mission to nourish people's lives. It also provides our pharmacy teammates an opportunity to further their careers with a premier retail pharmacy chain."

To provide continuity for Schnucks pharmacy customers, CVS Pharmacy will post all pharmacist and pharmacy technician positions, and will interview all Schnucks employees who apply. In-store changes will be rolled out over a period of several months after the completion of the transaction as CVS Pharmacy and Schnucks work to ensure the smoothest possible transition for all pharmacy patients.

Schnucks Specialty pharmacy patients will benefit from CVS Specialty's expertise in providing ongoing disease education, counseling and benefits verification, as well as coordination of care with multiple health care providers, comprehensive patient education and adherence management.

Following completion of the transaction, all Schnucks pharmacy customers will have access to CVS Pharmacy's leading pharmacy care programs, features of which include:

  • Opportunities for patients to manage their health with more ease and efficiency and gain access to programs that help them start and stay on their prescriptions while reducing overall health care costs. With the CVS Pharmacy app, patients can be notified when prescriptions are ready for pick-up and order refills digitally.

  • Simplification of medication management for patients with multiple prescriptions, through the utilization of the CVS Pharmacy ScriptPath Prescription Schedule, a tool that provides a complete picture of the patient's current CVS Pharmacy prescription information all in one place, including the name of each medication, when to take it, and how much medication to take in each dose.

The transaction is expected to be completed by end of the second quarter and is subject to customary closing conditions.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings from HealthHUB locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at http://www.cvshealth.com

About Schnucks

Founded in St. Louis in 1939, Schnuck Markets, Inc. is a third-generation, family-owned grocery and pharmacy retailer committed to nourishing people's lives. Schnucks operates 112 stores, serving customers in Missouri, Illinois, Indiana, Wisconsin, and Iowa, and employs 13,500 teammates. According to Forbes' 2019 rankings, Schnucks is the 155th largest privately-owned company in the United States and the 16th largest privately-owned grocer. Schnucks is committed to helping communities thrive and as a champion for reducing hunger, the company annually donates more than $16 million in food to pantries that help those in need. Follow Schnucks on Facebook at www.facebook.com/schnucks and LinkedIn at https://www.linkedin.com/company/schnuck-markets-inc-/.

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Bill Durling
401-770-4029
William.durling@cvshealth.com

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CVS Health Expands Safe Medication Disposal Program in Wisconsin, Giving Customers Drug Disposal Options in All CVS Pharmacy Locations

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Adding Drug Collection Units in 29 CVS Pharmacy Locations Across the State

Company to Introduce In-Home Safe Medication Disposal Solution at No Cost

Attorney General Josh Kaul, Milwaukee County Executive Chris Abele and Take Back My Meds MKE Highlight Importance of Proper Drug Disposal

MILWAUKEE — In its continuing commitment to help build healthier communities, CVS Health (NYSE: CVS) today announced the expansion of its safe medication disposal program, giving customers access to safer, easier and more convenient drug disposal options at every CVS Pharmacy location in Wisconsin at no cost.

As part of its expanded efforts, the company announced the installation of 29 safe medication disposal kiosks in select CVS Pharmacy locations across Wisconsin, adding to the 5 in-store units previously installed and the 48 units donated to local law enforcement. Nationwide, more than 1,700 CVS Pharmacy locations have safe medication disposal and the company has donated more than 990 kiosks to law enforcement. Through this national effort more than 1.1 million pounds of unwanted or expired medication has been collected, including 47,000 pounds in Wisconsin alone.

CVS Health also announced that beginning in 2020, all CVS Pharmacy locations that do not currently have a safe medication disposal kiosk will offer DisposeRx packets at no cost to patients filling an opioid prescription for the first time. According to the manufacturer, when water and the DisposeRx powder are added to a pill bottle with unwanted prescription medications the combination produces a biodegradable gel, allowing for safe disposal at home.

"When patients leave unused medications especially opioids in a medicine cabinet, there is a risk that those medications might be misused or diverted, which is why we have worked to help increase access to and awareness of safe medication disposal options in the communities we serve," said Tom Moriarty, Chief Policy and External Affairs Officer and General Counsel for CVS Health. "Providing more options for the proper disposal of unused medications in our stores and in the home is just one of the ways we're working to help combat opioid misuse across the country."

CVS Health unveiled its safe medication disposal expansion plans, including a commitment to install an additional 1,000 drug disposal kiosks in select CVS Pharmacy locations across the country and donate up to 400 additional units to local police departments in 2020, during an event inside a CVS Pharmacy location in Milwaukee with state, county and local officials and community health organizations.

"The opioid epidemic continues to plague our neighborhoods. By properly disposing of unused medications at drug drop boxes around the state, we can prevent diversion and addiction," said Wisconsin Attorney General Josh Kaul. "I commend everyone who is working to make it easier for families to get rid of unneeded medications."

"Everyone has a role to play in the safety, security and well-being of our community, and drop boxes for unused medicine are a great example of how we can help turn the tide in our fight against the prescription opioid and heroin epidemic in Milwaukee County," said Milwaukee County Executive Chris Abele. "CVS has always been a great community partner, and I want to thank them for providing more places for the safe and proper disposal of unused or expired prescription and over-the-counter medications. The safe disposal of addictive pills in drop boxes not only means they are out of our medicine cabinets when they are no longer needed; it means they are no longer being flushed and at risk of tainting Lake Michigan."

Additionally, nearly 100 CVS Pharmacy locations will join other community sites throughout the country in hosting drug take-back events to further promote the safe disposal of unwanted medication on Saturday, October 26, which marks National Prescription Drug Take-Back Day, a biannual event hosted by the U.S. Drug Enforcement Administration.

"We applaud CVS Pharmacy for providing more options for the proper disposal of unused medications, here in Milwaukee and across the country," said Jon Richards, coalition director of Take Back My Meds MKE. "These programs can help combat prescription drug and opioid misuse and is just one of the ways that organizations like ours are working to help the people of Milwaukee County."

CVS Health's commitment to helping prevent and address prescription drug misuse also extends to community education and increasing access to the opioid overdose-reversal drug naloxone.

The company's Pharmacists Teach program brings CVS pharmacists into schools across the country to talk to students and parents about the dangers of prescription drug misuse. More than 500,000 students and parents across the country have participated in the program.

Additionally, CVS Pharmacy has worked with all 50 states, Washington, DC and Puerto Rico to increase access to the opioid overdose-reversal drug naloxone, also known as Narcan. Patients can obtain this potentially life-saving medication, which can reverse the effects of an opioid overdose, without an individual prescription in all CVS Pharmacy locations nationwide.

To learn more about CVS Health's efforts to combat prescription drug misuse, visit our website.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

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Joseph Goode
401-770-9820
Joseph.Goode@CVSHealth.com

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Safe Drug Disposal Program Expanded to Wisconsin

Safe Drug Disposal Program Expanded to Wisconsin
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Officials and colleagues celebrate the Wisconsin program expansion.
State officials and CVS colleagues gathered at a CVS Pharmacy in Green Bay to celebrate the program expansion.
CVS Health Executive Vice President Tom Moriarty speaks at the Wisconsin event.
CVS Health Executive Vice President, Chief Policy and External Affairs Officer, and General Counsel Tom Moriarty speaks at the Wisconsin event.
Wisconsin Attorney General Brad Schimel addresses attendees.
Wisconsin Attorney General Brad Schimel addresses attendees.
A safe medication disposal unit
A safe medication disposal unit

State leaders and CVS Health colleagues recently celebrated the expansion of the company’s safe medication disposal program in select CVS Pharmacy locations across the state of Wisconsin.

The program is part of CVS Health’s ongoing efforts to combat the opioid epidemic nationwide. The disposal units help facilitate proper and timely disposal of unused or unwanted opioids and other medications.

Attorney General Brad Schimel joined CVS Health’s Chief Policy and External Affairs Officer Thomas M. Moriarty at a CVS Pharmacy in Green Bay, Wisconsin, to highlight how important disposal efforts are in combatting opioid misuse.

“CVS Health is dedicated to addressing and preventing opioid abuse in the communities we serve in Wisconsin and across the country,” said Moriarty. “Expanding our safe medication disposal program is one of the many initiatives we support to fulfill that commitment and to deliver on our company’s purpose - helping people on their path to better health.”

The expansion of safe medication disposal units to a total of 750 CVS Pharmacy locations across the U.S. was included among the enhancements to the company's strategy to address and prevent opioid abuse announced in September 2017

Medication disposal boxes donated by CVS Health are also located in 41 law enforcement agencies in Wisconsin. 

To find a medication disposal unit near you, visit https://nabp.pharmacy/initiatives/awarxe/drug-disposal-locator/ 

For more information about our efforts in the fight against opioid abuse, visit Our Commitment to Fight Opioid Abuse and the CVS Health Impact Dashboard. And to stay informed about the most talked-about topics in health care, register for content alerts and our bi-weekly health care newsletter.

Officials and colleagues celebrate the Wisconsin program expansion
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Tobacco-free college campuses

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Hats off to these U.S. colleges and universities who are committed to developing 100% smoke- and tobacco-free campus policies. Since 2016, the CVS Health Foundation, in partnership with the American Cancer Society and Truth Initiative, have provided grants to the following schools to help them advocate for, adopt and implement policies.

Learn more about our Tobacco-Free Generation Campus Initiative and how you can help!


Alabama

Concordia College Alabama
Lawson State Community College
Lurleen B. Wallace Community College
Shelton State Community College
Talladega College
University of West Alabama
Wallace Community College Selma


Alaska

Ilisagvik College
University of Alaska Anchorage


Arizona

Grand Canyon University
Pima County Community College
Mohave Community College


Arkansas

Shorter College


California

Antelope Valley College
Art Center College of Design
Bakersfield College
California State University, Chico
California State University San Marcos
Cerro Coso Community College
Citrus College
City College of San Francisco
Clovis Community College
College of Alameda
College of the Redwoods
Columbia College
Crafton Hills College
Cuesta College
Evergreen Valley College
Foothill College
Gavilan College
Long Beach City College
Los Angeles Valley College
Merritt College
Mills College
Orange Coast College
Oxnard College
Porterville College
Reedley College
Saint Mary's College of California
Santiago Canyon College
Shasta College
Stanford University
University of San Francisco
Ventura College
West Valley College
Whittier College


Colorado

Aims Community College
Arapahoe Community College


Connecticut

Fairfield University
Housatonic Community College
Naugatuck Valley Community College


District of Columbia

Howard University


Florida

Flagler College
Florida Agricultural and Mechanical University
Florida Keys Community College
Florida Memorial University
Indian River State College
Northwest Florida State College
St. Petersburg College


Georgia

Brenau University
Morehouse College
The Interdenominational Theological Center


Hawaii

Chaminade University of Honolulu
Kaua'i Community College
University of Hawaii
University of Hawaii on behalf of Maui College


Idaho

North Idaho College


Illinois

St. Xavier University
University of Illinois at Urbana-Champaign


Indiana

Indiana State University
Indiana University
Indiana University Bloomington
Saint Mary's College


Kansas

Fort Scott Community College


Kentucky

Frontier Nursing University
Western Kentucky University


Maine

York County Community College


Maryland

Anne Arundel Community College
Baltimore City Community College
Loyola University Maryland
St. Mary's College of Maryland
University of Maryland Eastern Shore


Massachusetts

Bay Path University
Massachusetts College of Liberal Arts
Mount Holyoke College
Mount Ida College
Roxbury Community College
Springfield College
Urban College of Boston


Michigan

Alma College
Davenport University
Ferris State University
Oakland University
University of Michigan
Walsh College
West Shore Community College


Minnesota

Gustavus Adolphus College
Minnesota State University, Mankato


Mississippi

Alcorn State University
Coahoma Community College
Hinds Community College, Utica Campus
Jackson State University
Mississippi Valley State University
Rust College
Tougaloo College
University of Mississippi
University of Southern Mississippi


Missouri

University of Missouri


Montana

Great Falls College – Montana State University


Nebraska

Metropolitan Community College
Western Nebraska Community College


Nevada

Truckee Meadows Community College
Western Nevada College


New Hampshire

Dartmouth College
University of New Hampshire


New Jersey

Bergen Community College
Montclair State University
New Jersey City University
Rowan University
William Paterson University of New Jersey


New Mexico

San Juan College
Santa Fe Community College


New York

Dominican College
Finger Lakes Community College
Herkimer County Community College
Mercy College
Nassau Community College
Nazareth College of Rochester
North Country Community College
Onondaga Community College
St. Francis College
St. John's University
St. John Fisher College
State University of New York - Sullivan
SUNY Potsdam
University at Albany, SUNY


North Carolina

Alamance Community College
Bladen Community College
Duke University
East Carolina University
Fayetteville State University
Isothermal Community College
Lenoir-Rhyne University 
North Carolina A&T University
North Carolina Central University
Piedmont Community College
Pitt Community College
Robeson Community College
Saint Augustine's University
Shaw University
University of North Carolina Wilmington
Winston Salem State University


Ohio

Blue Ash College, University of Cincinnati
Bowling Green State University
Cuyahoga Community College
Lorain County Community College
Terra State Community College
University of Cincinnati
University of Dayton
University of Findlay
Wilberforce University


Oklahoma

College of Allied Health


Oregon

Oregon State University
Treasure Valley Community College


Pennsylvania

Bryn Mawr College
Chatham University
Cheyney University
Community College of Allegheny County
Community College of Philadelphia
Gannon University
Lackawanna College
Lincoln University
Penn State University 
Temple University
University of Pennsylvania 
University of Pittsburgh
Westmoreland County Community College


Rhode Island

University of Rhode Island


South Carolina

Allen University
Benedict College
South Carolina State University
Technical College of the Lowcountry
Wofford College


South Dakota

South Dakota State University


Tennessee

East Tennessee State University
Lane College
Meharry Medical College
Tennessee State University
University of Tennessee, Chattanooga
University of Tennessee, Knoxville


Texas

Alvin Community College
El Paso Community College
North Lake College
Prairie View A&M University
South Texas College
Southwestern Christian College
Texas A&M University - Corpus Christi
Texas Christian University
Texas College
Texas Southern University
University of Texas at Dallas


Utah

Salt Lake Community College
Southern Utah University
University of Utah Health Sciences
Weber State University


Vermont

Green Mountain College
Johnson State College
Vermont Technical College


Virginia

Hampton University
Norfolk State University
University of Richmond
Virginia Commonwealth University
Virginia Tech
Virginia Union University
Virginia University of Lynchburg


Virgin Islands

University of the Virgin Islands


Washington

Columbia Basin College
Pierce College
Whitworth University


Wisconsin

Concordia University Wisconsin
Marquette University
St. Norbert College
University of Wisconsin - Milwaukee


West Virginia

Bluefield State College
Concord University
Eastern West Virginia Community College
Shepherd University
West Virginia State University

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