CVS to buy Target's pharmacy, clinic businesses for $1.9 billion

15/06/2015 - 12:10

(Reuters) - Drugstore operator CVS Health Corp said it will acquire Target Corp's pharmacy and clinic businesses for about $1.9 billion.

CVS will acquire more than 1,660 TARGET (TGT.NY)pharmacies across 47 states in the United States and operate them through a store-within-a-store format, the companies said in a statement.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)