CVS Health pays $1.9 billion for Target pharmacies, clinics

Alex Cnossen

Alex Cnossen Jun 28, 2025

Feb 6, 2018

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                <h1>CVS Health pays $1.9 billion for Target pharmacies, clinics</h1>
                <h2><p>CVS Health signed a $1.9 billion agreement today to acquire, re-brand and operate Target's roughly 1,700 pharmacies and clinics businesses, according to a Target press release.

CVS will operate the 1,660 pharmacies across 47 states through a store-within-a-store format branded as CVS pharmacies. Target'</p></h2>
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               <p>By <a href="/author/alex-cnossen-crosscut-com/">Alex Cnossen</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Feb 6, 2018</time></p>
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            <p>CVS Health signed a $1.9 billion agreement today to acquire, re-brand and operate Target's roughly 1,700 pharmacies and clinics businesses, according to a <a href="http://pressroom.target.com/news/cvs-health-and-target-sign-agreement-for-cvs-health-to-acquire-rebrand-and-operate-targets-pharmacies-and-clinics?ref=dev.cascadepbs.org">Target press release</a>.</p><p>CVS will operate the 1,660 pharmacies across 47 states through a store-within-a-store format branded as CVS pharmacies. Target's nearly 80 clinics will be renamed MinuteClincs. CVS said the deal will help expand its presence in Seattle and Portland.</p>
          </article>

CVS Health signed a $1.9 billion agreement today to acquire, re-brand and operate Target's roughly 1,700 pharmacies and clinics businesses, according to a Target press release.

CVS will operate the 1,660 pharmacies across 47 states through a store-within-a-store format branded as CVS pharmacies. Target's nearly 80 clinics will be renamed MinuteClincs. CVS said the deal will help expand its presence in Seattle and Portland.

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By Alex Cnossen

Alex Cnossen is a Northwest native and has worked for several local publications, including KOMO, KIRO and KING-TV. He grew up in Portland and loves to run and write. Follow him on Twitter @CnossenAle