Business

What you need to know about the evolving retail health market

July 19, 2015

By Aine Cryts

Retail healthcare clinics continue to take hold in the market, expanding their reach to consumers who seek low-cost–and more convenient access to–care.

CVS Health’s acquisition of Target’s 1,660 pharmacies and nearly 80 clinics for $1.9 billion is just a recent example of a major retailer expanding in this healthcare market. The retail giant’s recent acquisition is part of its plan to bridge the care gap and have 1,500 clinics operating within the United States by 2017.

But CVS Health isn’t the only organization to get into the retail healthcare space. According to the Robert Wood Johnson Foundation, clinics are serving patients in major national pharmacy chains, including Walgreens and Rite-Aid; in grocery chains such as Cincinnati, Ohio-based Kroger; and by private organizations, such as Hoover, Alabama-based American Family Care (which also runs Doctors Express clinics); and traditional healthcare systems, like Geisinger Health System in Danville, Pennsylvania.

SOURCE: http://www.fiercepracticemanagement.com/offer/gc_retail_health_market?source=Organic-GC-Retail_Health_Market

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