December 15, 2017 – Glenn and Ralph Eldridge, owners of GrandView Pharmacy, announced today a partnership with CVS Health. This new relationship allows GrandView to continue to operate as a separate entity, with the same people, services, programs and locations, all while taking advantage of the resources and opportunities of the largest pharmacy innovation company in the U.S.
“Over the last few years, the Board of Directors have been diligently working on a solution that would accomplish two goals: 1) allow my brother and I to retire, and 2) allow the family legacy of GrandView Pharmacy to continue operating as a successful business. While we’ve discerned opportunities in private equity, going public, outright acquisitions and partnerships, none of them felt right for our organization, our team members, our customers and our culture,” explained Glenn Eldridge.
CVS Health has acquired and is now operating other larger independent LTC pharmacies in Kentucky and Minnesota over the last few years. This model has proven to be successful and is the same model that will be used with GrandView Pharmacy. This partnership with CVS Health will not only improve benefits and opportunities for our team members, but will also give us additional buying power for our customers. It gives us access to the best healthcare minds in the industry to supplement our existing programs and help us develop new service offerings.
Through its 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, CVS Health enables people, businesses and communities to manage health in more affordable and effective ways. GrandView Pharmacy will join this unique integrated model and, together with CVS Health’s other businesses, will help the company increase access to quality care, deliver better health outcomes and lower overall health care costs. We are very excited that they see the value in an affiliation with GrandView.
“Because we will still operate as GrandView Pharmacy, the same people will be providing the same services, in the same way, and will continue to do so. The only exception will be Glenn and Ralph [Eldridge], who will retire in 2018. Glenn will, however, continue in his role as Chief Operating Officer during the transitional period. His goal is ensure all of our team members and customers are well cared for as we start this journey. These are truly exciting times,” said CEO, Mark Prifogle, who will continue to manage the day-to-day operations, “and we only see positive outcomes and opportunities for our future.”
The Eldridge family is thrilled that their family legacy, values and mission will continue as it has for the last 50 years.