Fred's looking into selling retail pharmacies - WMC Action News 5 - Memphis, Tennessee

Fred's looking into selling retail pharmacies

(Source: WMC Action News 5) (Source: WMC Action News 5)
MEMPHIS, TN (WMC) -

Memphis-based Fred's is looking into selling its retail pharmacies. 

Fred's sold its specialty pharmacies to CVS for $40 million on Tuesday, and Fred's management hired investment bankers to evaluate the value of the pharmacies. 

Fred's bulked up in both specialty and retail pharmacy divisions as part of a plan to transition into the healthcare. 

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