“On Monday, CVS announced plans to expand its physical footprint by acquiring for $1.9 billion Target’s 1,660 pharmacies and 80 clinics. These will be added to its existing 7,800 retail drugstores and nearly 1,000 walk-in medical clinics. CVS also acts as pharmacy benefits manager for more than 70 million plan members and provides specialty pharmacy services. Rapidly expanding its portfolio—last month it acquired Omnicare Inc., a provider of pharmacy services, for $12.7 billion—CVS moved up to number 10 on this year’s Fortune 500 list with $139.4 billion in 2014 revenues.”

Full Story (Source: Forbes)