CVS ProCare signs agreement to acquire Stadtlander Pharmacy.CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Corporation, Woonsocket, RI, announced its CVS ProCare subsidiary has signed a definitive agreement under which ProCare will acquire the assets of Stadtlander Pharmacy, Pittsburgh, PA, a subsidiary of Bergen Brunswig Corporation, Orange County, CA, for an undisclosed cash price. Stadtlander is well known in the transplant industry as a provider of prescriptions for transplant patients. The transaction also includes a distribution agreement that calls for Bergen Brunswig to provide ProCare with $2.5 billion of pharmaceuticals over the next 5 years. Stadtlander is a leading specialty pharmacy, providing full-service care to patients requiring special prescription needs for challenging and long-term conditions including HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome , organ transplants organ transplant: see transplantation, medical. , cancer and biotechnology-based products for conditions such as multiple sclerosis multiple sclerosis (MS), chronic, slowly progressive autoimmune disease in which the body's immune system attacks the protective myelin sheaths that surround the nerve cells of the brain and spinal cord (a process called demyelination), resulting in damaged areas . Stadtlander's operations will be combined with CVS' own specialty pharmacy subsidiary, ProCare, but will continue to be based in Pittsburgh. CVS pharmacy is the largest retail provider of prescriptions in the US with total sales of $18.1 billion in 1999. The company is the largest drug chain in the US with approximately 4,100 stores in the Northeast, Mid-Atlantic, Southeast and Midwest. Contact: Todd Andrews Christopher Stephen "Todd" Andrews (October 6, 1901 – October 11, 1985) was an Irish public servant. Andrews was born in Dublin, but soon acquired the nickname "Todd", because of his perceived resemblance to an English comic strip hero. - (401) 770-5717 |
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