Transition to New Ownership
CVS Health has confirmed the sale of its 22 retail drugstores in Puerto Rico to Caribe Pharmacy Holdings. The transaction, set to conclude in April, ensures continuity of operations and retention of all employees by the new owner.
Strategic Shift
The decision to divest from Puerto Rico aligns with CVS Health’s broader strategy following an evaluation of local market conditions and demographic trends. The company emphasized that its specialty pharmacy unit on the island will remain operational.
Retail Strategy Adjustment
In line with its recent announcement to close numerous stores nationwide, CVS Health continues to realign its retail footprint in response to evolving customer preferences and healthcare demands.
Looking Ahead
As CVS Health navigates these strategic changes, the healthcare giant remains committed to meeting the needs of its diverse customer base across various markets.
Stay Updated
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