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: