ProMedica sells pharmacies to CVS, retains HME biz

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Wednesday, September 13, 2017

TOLEDO, Ohio – ProMedica has sold five of its pharmacy locations in Toledo and Sylvania, Ohio, to CVS Pharmacy, according to local news reports. CVS plans to close the pharmacies and transfer all files to nearby CVS pharmacies; however, it expects to hire many of ProMedica’s current employees at the pharmacies. ProMedica will retain ownership of its other outpatient pharmacies at Toledo Hospital, Monroe Hospital and Fostoria Hospital. It will also continue to operate its specialty, adherence and home infusion pharmacies, as well as its HME business. ProMedica is a nonprofit health system that services 27 counties in northwest Ohio and southeast Michigan.