CVS is not very much involved in international business, but acquired a privately owned Brazilian drug store chain last year. There are about 44 stores that made BR1.3 billion in revenue in 2011.
“As you know, we have been exploring opportunities for possible international expansion, and we have said many times that our approach would be measured and we would exercise financial discipline, We believe this acquisition is a great example of that strategy and action.”
“We view Brazil as an attractive market given that health care and pharmacy are expected to grow double digits for the next decade, and while chains are prevalent, it is still a highly fragmented market. So, we see nice opportunities to grow the business over time." -Larry Merlo
http://www.retailingtoday.com/article/cvs-caremark-bullish-international-opportunities
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