* Holds grand opening at its first store in city of Memphis * Announces fulfillment of $16 million commitment for the expansion of Rehabilitation Services Center at Memphis-based St. Jude Children's Research Hospital(R) through the hospital's annual Thanks and Giving(R) campaign WOONSOCKET, R.I., Feb 03, 2010 /PRNewswire via COMTEX/ -- CVS/pharmacy, the nation's leading retail pharmacy, celebrated the grand opening of its first store in the city of Memphis today. Shelby County Mayor Joseph Ford joined CVS officials for the ribbon-cutting ceremony. To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/cvs/42224/ (Photo: http://www.newscom.com/cgi-bin/prnh/20100203/MM48181 ) "We are pleased to be opening stores in Memphis and expanding our presence in the state of Tennessee," said Larry Merlo, President of CVS/pharmacy. "Our mission at CVS is to make pharmacy solutions effective and easy for our customers, so we look forward to providing high-quality and convenient pharmacy services at a great value to our new customers in Memphis." The new Memphis CVS/pharmacy is located at 9861 Highway 64. Additional locations on Winchester Rd. and Stage Rd. in Memphis will open later this year, and more stores are planned for the market over the next few years. CVS/pharmacy's new stores in Memphis will feature all of the products and services for which millions of customers across the country 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 http://www.cvs.com/ As part of the grand opening celebration, CVS/pharmacy announced that, since 2004, it has raised $16 million through its participation in St. Jude Children's Research Hospital's annual Thanks and Giving holiday fundraising campaign to support the expansion of the hospital's Rehabilitation Services Center. St. Jude will hold a ceremony to dedicate the CVS Caremark Rehabilitation Services Center following the CVS/pharmacy grand opening. "This new facility plays a critical role in helping St. Jude Children's Research Hospital provide care that not only saves lives, but protects children's quality of life during treatment for catastrophic diseases," said Richard C. Shadyac Jr., CEO of ALSAC, the fundraising organization of St. Jude. "Partners like CVS Caremark help ensure that every child who comes through our doors has hope for a brighter future." "The CVS Caremark Rehabilitation Services Center was made possible by our customers who support the Thanks and Giving campaign every year and by the dedicated work of our employees," said Merlo. "We are very proud that this new facility is helping St. Jude give children the support they need to reach their greatest potential." About St. Jude Children's Research Hospital St. Jude Children's Research Hospital is internationally recognized for its pioneering work in finding cures and saving children with cancer and other catastrophic diseases. St. Jude is the first and only pediatric cancer center to be designated as a Comprehensive Cancer Center by the National Cancer Institute. Founded by late entertainer Danny Thomas and based in Memphis, Tenn., St. Jude freely shares its discoveries with scientific and medical communities around the world. St. Jude is the only pediatric cancer research center where families never pay for treatment not covered by insurance. No child is ever denied treatment because of the family's inability to pay. St. Jude is financially supported by ALSAC, its fundraising organization. For more information, please visit http://www.stjude.org/. About CVS/pharmacy CVS/pharmacy, the retail division of CVS Caremark Corporation (NYSE: 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 http://www.cvscaremark.com/.