DEMOTTE, Ind. — CVS Health has purchased Fagen Pharmacy’s 20 drug stores in northwest Indiana and northeast Illinois. Terms were not disclosed. Plans call for eight of the stores to be rebannered as CVS Pharmacy by late September. The other 12 are slated to be closed, with their prescription files transferring to nearby CVS pharmacies.
WOONSOCKET, R.I. — CVS Pharmacy plans to acquire DeMotte, Ind.-based regional drug chain Fagen Pharmacy. Financial terms of the deal weren’t disclosed. CVS said it agreed to buy 20 Fagen drug stores in northwest Indiana and northeast Illinois. Plans call for eight of the Fagen stores to be converted and rebannered to CVS Pharmacy locations