September 8, 2014
CVS Health has completed the purchase of Miami-based Navarro Discount Pharmacy.
The acquisition includes Navarro’s 33 retail locations and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases. The retail pharmacies will retain the Navarro Discount Pharmacy name.
“Navarro has a rich history and commitment to Hispanic consumers and we are excited to welcome them into the CVS Health family,” stated Helena Foulkes, president of CVS/pharmacy, the retail division of CVS Health. “We value the strength of the Navarro brand and we look forward to combining Navarro’s unique understanding of its customers’ needs with CVS/pharmacy’s best in class pharmacy services and high quality health, beauty and personal care products, a combination that will strengthen our service to the Hispanic community.”
Navarro Discount Pharmacy caters to Hispanic and ethnic marketplaces and further differentiates itself by offering many products and services that are not found in traditional drug stores such as wireless phones, designer fragrances and a large assortment of OTC drugs and vitamins.
Source: Retailing Today
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