- Social Responsibility
- Social Responsibility
- Our Giving
- Corporate Social Responsibility
- Be The First Tobacco-Free Generation
- Community Stories
- Thought Leadership
- Investor Story
- Results Center
- 2016 In Review
- Financial Information
- SEC Filings
- Events & Presentations
- Stock Information
- Corporate Governance
- Investor Resources
CVS Pharmacy to Acquire Select ProMedica Outpatient Pharmacies
Wednesday, September 13, 2017
CVS Pharmacy and ProMedica will work together to ensure patients experience a seamless transition of care
WOONSOCKET, R.I. & TOLEDO, Ohio, September 13, 2017 – CVS Pharmacy and ProMedica announced today that CVS Pharmacy will acquire six of ProMedica’s outpatient pharmacy locations in Ohio. CVS Pharmacy will take over operations of ProMedica Pharmacy Counter, located at 3316 Navarre Ave. in Oregon, and will convert it to CVS Pharmacy in early November. The remaining five Toledo-area outpatient pharmacies acquired by CVS Pharmacy will be closed and all pharmacy files will be transferred to nearby CVS Pharmacy stores, beginning in mid-October.
CVS Pharmacy and ProMedica are working together to ensure the transition will be seamless for patients and their access to pharmacy care is not interrupted. The outpatient pharmacies that will close are listed below:
Additional information on closure dates will be communicated to patients in the upcoming weeks.
ProMedica will retain ownership of its other outpatient pharmacies at ProMedica Toledo Hospital, ProMedica Monroe Hospital and ProMedica Fostoria Hospital. ProMedica will also continue to operate its specialty, adherence (blister packaging) and home infusion pharmacies, as well as its home medical equipment business.
“ProMedica and CVS Pharmacy are working closely together to ensure patients experience a seamless transition of services and that their access to pharmacy care is not interrupted,” said Neeraj Kanwal, MD, senior vice president of inpatient and retail pharmacy at ProMedica. “We’re confident our patients will benefit from CVS Pharmacy’s unique clinical services.”
CVS Pharmacy offers a wide array of pharmacy services, including medication adherence programs, automatic refills to help patients take their medications on time and as directed, immunizations, text alerts to inform patients when their prescriptions are ready, and digital tools to help patients manage their prescriptions.
“We’re pleased to partner with ProMedica and look forward to bringing our innovative pharmacy care programs and services to its patients in Ohio,” said Alisa Ulrey, area vice president, CVS Pharmacy. “We are committed to continuing ProMedica and Pharmacy Counter’s tradition of providing excellent care to patients, and are excited to introduce our industry-leading offerings to patients.”
CVS Pharmacy expects to hire many of the Pharmacy Counter employees currently working at these locations.
“We’d like to thank our employees for their commitment to our patients and the high-quality service they provided over the years,” said Dr. Kanwal.
About CVS Pharmacy
CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), is America's leading retail pharmacy with over 9,700 locations. It is the first national pharmacy to end the sale of tobacco and the first pharmacy in the nation to receive the Community Pharmacy accreditation from URAC, the leading health care accreditation organization that establishes quality standards for the health care industry. CVS Pharmacy is reinventing pharmacy to help people on their path to better health by providing the most accessible and personalized expertise, both in its stores and online at CVS.com. General information about CVS Pharmacy and CVS Health is available at www.cvshealth.com.
ProMedica is a mission-based, not-for-profit healthcare organization serving northwest Ohio and southeast Michigan. The 12-hospital system has more than 15,000 employees, nearly 2,100 physicians and advanced practice providers with privileges, and more than 800 healthcare providers employed by ProMedica Physicians. Additionally it offers a health plan, Paramount, which serves 331,000 members including more than 230,000 members in the statewide Medicaid plan. Driven by its Mission to improve your health and well-being, ProMedica offers a full range of diagnostic, medical and surgical specialties in areas such as emergency medicine and trauma, behavioral health, heart and vascular, oncology, orthopaedics, neurology, and women’s and children’s services. The health system has been nationally recognized for its advocacy programs and efforts to raise awareness about hunger as a health issue. For more information about ProMedica, please visit www.promedica.org/aboutus.
Senior Manager, Public Relations
Director of Media and Public Relations