In 2007, CVS Caremark Corporation (CVS) purchased Coram Healthcare Inc. for approximately $2 billion.
Coram is a leading provider of mental health and substance abuse treatment services, with more than 2,000 locations in the United States. The acquisition gave CVS an opportunity to expand its services into a new market and to compete against larger competitors.
The acquisition was met with some criticism, as some feared that CVS woulddiminish the quality of Coram’s services. However, CVS has since stated that it plans to maintain the quality of Coram’s services and to make them available to a wider audience.
The acquisition has also allowed CVS to expand its presence into new markets, such as the United Kingdom.
Overall, the acquisition has been a success for CVS. The company has been able to expand its operations and to compete against larger rivals.