CVS Enters Puerto Rico - Plans to open 9 stores on the island in 2010

Thursday, February 11, 2010

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WOONSOCKET, R.I., Feb. 11 /PRNewswire/ -- CVS/pharmacy, the nation's leading retail pharmacy, announced today that it will open 9 stores in Puerto Rico in 2010. The first two locations, in San Juan and Bayamon, will officially open Monday, February 15.

"We are pleased to introduce the CVS/pharmacy brand to the growing Puerto Rico market," said Larry Merlo, President of CVS/pharmacy. "CVS is committed to providing high quality pharmacy care and offering convenient products and services at a great value to the Puerto Rican community."

CVS/pharmacy's new stores in Puerto Rico will feature all of the products and services for which millions of CVS customers in the U.S. visit its stores every day, including:

A full service pharmacy staffed by highly trained pharmacists and pharmacy staff
A complete line of health and beauty products including many brands exclusive to CVS/pharmacy
General merchandise and digital photo-processing
The CVS ExtraCare Rewards Program, which offers customers money back through Extra Bucks that are earned by shopping in-store or at www.cvs.com.

In addition, CVS/pharmacy is partnering with many local vendors and suppliers in Puerto Rico to ensure its stores meet the needs of Puerto Rican consumers. More than 12,000 products carried by CVS stores will be sourced from local companies and many of these products are made in Puerto Rico.

CVS/pharmacy will create approximately 400 new jobs in Puerto Rico this year. In addition to its stores opening this month in San Juan and Bayamon, more locations are scheduled to open this year in Arecibo, Bayamon (2 additional locations), Dorado, Fajardo, Vega Alta and Vega Baja.

As part of its entry into Puerto Rico, CVS/pharmacy announced a donation of $10,000 to Instituto Psicopedagogico de PR, a Bayamon-based agency that provides specialized health, nutrition, education, and essential care to adults and children in Puerto Rico with severe mental retardation to improve their quality of life in a dignified environment in which human compassion, respect and love for others reigns above all else.

About CVS/pharmacy

CVS/pharmacy, the retail division of CVS Caremark Corporation ( CVS), is America's leading retail pharmacy with more than 7,000 CVS/pharmacy and Longs Drug stores. CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at www.cvscaremark.com.