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Gerald Fagen

Fagen decides to sell its 20 stores to CVS

Fagen decides to sell its 20 stores to CVS

DEMOTTE, Ind. — CVS Health has agreed to purchase 20-store Fagen Pharmacy. Terms were not disclosed. Plans call for eight of the stores to be converted and rebannered to CVS Pharmacy by late September. The other 12 are slated to be closed, with their prescription files transferring to nearby CVS pharmacies. The outlets to be

CVS to buy Fagen Pharmacy chain

CVS to buy Fagen Pharmacy chain

WOONSOCKET, R.I. — CVS Pharmacy plans to acquire DeMotte, Ind.-based regional drug chain Fagen Pharmacy. Financial terms of the deal weren’t disclosed. CVS said it agreed to buy 20 Fagen drug stores in northwest Indiana and northeast Illinois. Plans call for eight of the Fagen stores to be converted and rebannered to CVS Pharmacy locations

Fagen Pharmacy shows ability to bounce back

Fagen Pharmacy shows ability to bounce back

DEMOTTE, Ind. — Fagen Pharmacy was able to overcome obstacles stemming from a devastating fire by rebuilding and reopening its North Valparaiso, Ind., pharmacy in September 2015. “We had so much community support behind us that it kept us going through all the challenges,” comments founder, president and chief executive officer Gerald Fagen. Last year