CVS Goes for Longs, Another Step in Drugstore Consolidation

CVS Caremark’s acquisition of Longs Drug Stores, a pharmacy chain that’s big in California, Hawaii and Nevada, is the latest example of the push by chain drugstores for scale. Longs Drugs Store near the Pali Hwy in Honolulu, Hawaii. (AP Photo/Marco Garcia) As CVS CEO Tom Ryan noted during a conference call with investors, the $2.6 [...]