WOONSOCKET, R.I. — CVS Pharmacy plans to acquire Doc’s Drugs, a chain of 14 drug stores in Illinois. Financial terms of the acquisition were not disclosed.
The company said all of the Doc’s stores will be converted and rebranded as CVS Pharmacy locations by late July.
“Together, Doc’s Drugs and CVS Pharmacy have created a win-win for our loyal associates, our valued customers and our communities,” Anthony Sartoris, president of the Braidwood, Ill.-based pharmacy chain, said in a statement. “Our customers and patients can be assured of continuity of care in their hometowns where access to their local pharmacy will remain where it has been for more than 30 years.
“The depth of CVS’ resources will provide a wider variety of products and services as well as access to a larger number of prescription drug plans.”
Besides offering full-service pharmacies, Doc’s Drugs provides a range of clinical services — including flu shots and immunizations, medication therapy management, diabetes counseling and specialty drug compounding — as well as home medical equipment with showrooms in several stores. The retailer also operates a customer rewards program called Doc’s Advantage.
“CVS Pharmacy and Doc’s Drugs share a commitment to providing patients with high-quality pharmacy care,” stated Everett Moore, area vice president for CVS Pharmacy. “We look forward to introducing our industry-leading products and services at these new locations and upholding Doc’s tradition of providing excellent service to their customers.”
CVS said it is working with Doc’s Drugs to make the stores’ transition seamless for customers so their access to pharmacy care isn’t interrupted. Doc’s has more than 200 employees at its stores, and the company said it plans to retain as many of Doc’s employees as possible.
Doc’s was founded by David Sartoris, Anthony Sartoris’ father, in Pontiac, Ill., in 1978.