CVS Corporation to Acquire MinuteClinic

This is perhaps the scariest news I’ve heard to date. We can/should expect every pharmacy and some food stores to have these types of clinics in them within the next year. CVS Corporation to Acquire MinuteClinic, Largest Provider of Retail-Based Health Clinics in the US WOONSOCKET, R.I., July 13 /PRNewswire-FirstCall/ -- CVS Corporation (NYSE: CVS) announced today that it has entered into a definitive agreement to acquire Minneapolis-based MinuteClinic, the pioneer and largest provider of retail-based health clinics in the U.S. MinuteClinic will operate as a wholly-owned subsidiary of CVS Corporation. There are currently 83 MinuteClinics in 10 states, 66 of which are within CVS/pharmacy locations. Completion of the transaction is expected this summer. The financial terms of the agreement were not disclosed. MinuteClinic locations, which are staffed by certified nurse practitioners and physician assistants, offer treatment for common family illnesses, such as strep throat, ear infections, poison ivy and pink eye. They also provide some common vaccinations. These conveniently-located health clinics are intended to be a supplement, but not a replacement, for a patient's ongoing relationship with a primary care provider. In fact, MinuteClinic maintains a record of primary care practices that are accepting new patients and provides lists to patients who do not have a medical home.