CVS acquires Fagen Pharmacy chain; Francesville store to close

FRANCESVILLE - The Fagen Pharmacy store in Francesville will close, along with Fagen stores in nearby DeMotte, Wheatfield and Roselawn, according to a joint annoucement by Fagen Pharmacy and CVS Wednesday morning (Aug. 16).

CVS will acquire 20 Fagen Pharmacy locations in northwest Indiana and northeast Illinois, closing 12 locations and converting the remaining eight to CVS stores.

No financial details of the sale have been disclosed.

In Indiana, the Fagen stores in DeMotte, Francesville, Roselawn, Francesville, Westfield, South Haven, Hobart, Hammond, Gary, Munster and Valparaiso, along with the one in Beecher, Ill., will close. The pharmacy files of the 12 stores to be closed will be transferred to nearby CVS store locations.

The Fagen pharmacies in Valparaiso, East Chicago, Whiting, Michigan City, Griffith, Gary (two stores), and Winfield will be converted to CVS stores by late September.

Pharmacy files at the Francesville location will be transferred to Rensselaer, a 30-minute drive.

“I’d like to thank all of our patients and employees for their loyalty and dedication over the past 45 years,” Fagen Pharmacy owner Gerald Fagen said in a statement. “I’m grateful to have been able to serve the pharmacy needs of our community and I am confident that CVS Pharmacy will provide the same top-notch customer service and pharmacy expertise we have provided at Fagen Pharmacy.”

The two companies said they were working to make the transition as seamless as possible. CVS Pharmacy said that it expects to hire many current Fagen Pharmacy employees currently working at the locations.

 

Since 1972, Fagen Pharmacy has been delivering "family-friendly service to our customers with the utmost professionalism and compassionate care," according to its website.

CVS Pharmacy was established in 1963 in Lowell, Massachusetts under Consumer Value Store name. CVS Pharmacy has 9,600 locations across the U.S. It is considered the largest pharmacy chain in the country by the number of locations. Corporate address of CVS Pharmacy is Woonsocket, R.I.