CVS’ Acquisition Of Schnuck Markets’ Retail And Specialty Pharmacy Business


Fried Frank acted as counsel to CVS in the transaction.

CVS executed the acquisition of the retail and specialty pharmacy business of Schnuck Markets, Inc., a grocery chain in the Midwest.

CVS will acquire and operate 99 of Schnuck’s pharmacies (and will brand them as CVS Pharmacy) and will also acquire the prescription files from 11 Schnucks pharmacies and transfer them to nearby CVS Pharmacy locations. CVS will enter into a long term operating agreement with Schnucks.

Founded in St. Louis in 1939, Schnuck Markets, Inc. is a third-generation, family-owned retailer operating 112 stores in Missouri, Illinois, Indiana, Wisconsin, and Iowa.

Headquartered in Woonsocket, Rhode Island, CVS Pharmacy is a subsidiary of the American retail and health care company CVS Health.

The Fried Frank team was led by corporate partners Amber Banks (Picture) and Steven Scheinfeld and included executive compensation & ERISA partner Jeffrey Ross; litigation partner Joshua Roth; tax partner Michael Alter; corporate real estate special counsel Melissa Meyrowitz; corporate associates Jessica Pisani, Rati Ranga, and Camila Acchiardo Vallejo; and executive compensation & ERISA associate Samantha Rozell.

Involved fees earner: Camila Acchiardo Vallejo – Fried Frank Harris Shriver & Jacobson; Michael Alter – Fried Frank Harris Shriver & Jacobson; Amber Banks (Meek) – Fried Frank Harris Shriver & Jacobson; Melissa Meyrowitz – Fried Frank Harris Shriver & Jacobson; Jessica Pisani – Fried Frank Harris Shriver & Jacobson; Rati Ranga – Fried Frank Harris Shriver & Jacobson; Jeffrey Ross – Fried Frank Harris Shriver & Jacobson; Joshua Roth – Fried Frank Harris Shriver & Jacobson; Samantha Rozell – Fried Frank Harris Shriver & Jacobson; Steven Scheinfeld – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: CVS Health Corporation;

Author: Ambrogio Visconti