CVS Caremark, Cardinal enter 10-year joint venture. Carbon copy of Walgreens, AmerisourceBergen deal. Express Scripts is next.

cvscardinalIn a direct and quick response to the Walgreens – AmerisourceBergen – Alliance Boots deal, announced last April, CVS Caremark and Cardinal Health announced a 10-year joint venture for the purpose of bulk purchasing generic prescription drugs (see related CNBC news article).

CVS continues to vertically and horizontally integrate through acquisition (Coram Infusion Services) and vendor partnering (Cardinal) to strengthen its competitive position against Express Scripts and Optum.
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