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The top 25 pharmacy chain stores represent about 38,000 pharmacy locations in the U.S. and employ about 149,000 on-staff pharmacists. California has 8,015 pharmacies, the most of any state. Texas , Florida , New York , and Pennsylvania round out the top five states for pharmacy locations. [ 1 ]
In January 2014, Avella Specialty Pharmacy named Rebecca Shanahan as its new CEO. [10] That same year, Avella became a registered Outsourcing Facility through the U.S. Food and Drug Administration. [20] In March 2015, Avella was approved to register a .pharmacy domain name which identifies safe and legal pharmacies online. [21]
CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue. [ 8 ] [ 5 ] [ 9 ] Its parent company ranks as the fifth largest U.S. corporation by FY2020 revenues in the Fortune 500 . [ 4 ]
Navarro Discount Pharmacies has a 17% market share in South Florida, ahead of Walgreens and CVS/pharmacy. [1] The company has more than 2,000 employees and annual sales of more than $350 million. Navarro leads the industry in terms of sales per store, sales per square foot, and prescriptions filled per store. [2]
On August 23, 2006, The Wall Street Journal announced that Rite Aid would acquire the U.S. subsidiary of Quebec-based Jean Coutu Group, including 1,858 Eckerd Pharmacy and Brooks Pharmacy stores, for US$3.4 billion in cash and issuing stock, which would also give Jean Coutu a 32% equity stake in Rite Aid.
The average independent pharmacy had total sales of approximately $4 million and average prescription sales of approximately $3.7 million per location (accounting for 92.5% of all independent pharmacy sales). Over 26% of independent pharmacy owners have ownership in two or more pharmacies. [2]
Many pharmacy chains in the United States are owned and operated by regional supermarket brands, or national big-box store brands such as Walmart. These pharmacies are located within their larger chain stores. The three largest free-standing pharmacy chains in the United States are Walgreens, CVS, and Rite Aid.
Benzer Pharmacy, formerly known as Rx Care Pharmacy, is an independent pharmacy chain in the United States with 85 owned stores and 38 franchised stores. [1] Headquartered in Tampa, Florida , the retail pharmacy ranked in position 1500 in the 2015 Inc. 5000 for the fastest-growing private company in America [ 2 ] and position 39 out of 100 in ...