CVS opens MinuteClinics inside Target stores

CVS Health (NYSE:CVS) has opened its first MinuteClinic walk-in medical clinics inside Target (NYSE:TGT) stores in the Charlotte and Raleigh-Durham, North Carolina markets.

The 11 locations are rebranded and converted from Target's own branded clinics.

Target sold all 1,672 pharmacies and related clinics to CVS in June for $1.9 billion. CVS began rebranding the departments in February. The acquisition expands CVS's pharmacy footprint by approximately 20 percent and its clinic footprint by about 8 percent, and leaves Target to focus on its core businesses, one of which is "Wellness."

The entire conversion process is expected to take between six and eight months. All new Target stores will include a CVS Pharmacy, and any in-store clinic will be branded as a CVS MinuteClinic.

For more:
-See this CVS Health press release

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