Fred’s Completes Sale of Specialty Pharmacy Unit

We represented Fred’s, Inc. (Nasdaq: FRED) in its sale of the assets of EntrustRx, a specialty pharmacy unit, to CVS Health Corporation for $40 million and the subsequent closing of the pharmacy operations. This transaction was an important step in Fred’s plans to monetize non-core assets as part of its broader turnaround efforts.

Fred’s, Inc., headquartered in Memphis, Tennessee, operates approximately 600 general merchandise and pharmacy stores, including 12 franchised locations.

You Also May Be Interested In:

  • Representation of Family Legacy, LLC and Harpeth Hills Memory Gardens, Inc. in their sale to Park Lawn Corporation (TSX: PLC), a company that provides goods and services associated with the disposition and memorialization of human remains

    We represented Family Legacy, LLC and Harpeth Hills Memory Gardens, Inc. in their sale to Park Lawn Corporation (TSX: PLC),...
    Client Type: Private Company
  • Representation of WellCare Health Plans, Inc., a government-focused managed care provider, in its merger with Centene Corporation (NYSE: CNC) for $17.3 billion

    We represented WellCare Health Plans, Inc. in its merger with Centene Corporation (NYSE: CNC) for $17.3 billion. The combined company...
    Client Type: Public Company
  • Representation of LFM Capital in its sale of EDSCO Fasteners, a leading supplier of foundation anchoring systems for critical infrastructure installations, to MiddleGround Capital

    We represented LFM Capital in its sale of EDSCO Fasteners, a leading supplier of foundation anchoring systems for critical infrastructure...
    Client Type: Private Company