CVS Pharmacy to acquire 20 Fagen Pharmacy locations

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CVS Pharmacy to acquire 20 Fagen Pharmacy locations

By David Salazar - 08/16/2017

WOONSOCKET, R.I. —  CVS Pharmacy will be acquiring 20 Fagen Pharmacy locations in northwest Indiana and northeast Illinois, the company announced Wednesday. Eight of the locations will be converted to CVS Pharmacy stores and 12 will be closed, with their files being transferred to nearby CVS Pharmacy locations.

“I’d like to thank all of our patients and employees for their loyalty and dedication over the past 45 years,” Fagen Pharmacy owner Gerald Fagen said. “I’m grateful to have been able to serve the pharmacy needs of our community and I am confident that CVS Pharmacy will provide the same top-notch customer service and pharmacy expertise we have provided at Fagen Pharmacy.”

The two companies said they were working to make the transition as seamless as possible. CVS Pharmacy said that it expects to hire many current Fagen Pharmacy employees currently working at the locations. Indiana stores in Crown Point, Valparaiso, Gary (two stores), East Chicago, Whiting, Michigan City and Griffith will be converted in September. Indiana stores closing include three in DeMotte, two in Valparaiso and one each in Rensselaer, Valparaiso, Portage, Gary and Hobart, as well as Illinois stores in Hobart, Beecher and Hammond.

“CVS Pharmacy looks forward to bringing its innovative pharmacy care programs and services to Fagen Pharmacy patients in Indiana and Illinois,” CVS Pharmacy area VP Everett Moore said. “We will continue to provide excellent care to patients and look forward to introducing our industry-leading offerings at these new locations.”

Per CVS Pharmacy’s 2014 decision not to sell tobacco products, none of the locations being converted will sell tobacco products. They will introduce a range of health, beauty and personal care products, exclusive private-label products and the CVS Pharmacy ExtraCare program, the companies said.