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chain of drugstores. CVS bought the 521 Longs locations to expand its presence on the West Coast, primarily in
California. The acquisition also included access to the Hawaii market. CVS Health paid a total of $ 2.54 billion to acquire all outstanding shares of Longs Drugs, and hoped to save upwards
271:
In June 2006, Longs purchased 21 retail pharmacies, from
Network Pharmaceuticals, Inc. The Network pharmacies are located close to the point of care (such as hospitals, clinics, and medical office buildings), and were much smaller than Long's traditional retail stores. Longs also purchased 4 stores
328:
Co. stepped in with an offer representing a $ 3.50 (~$ 5.00 in 2023) per share premium over the cash purchase price offered by CVS. However, Walgreens dropped their offer on
October 8, allowing CVS' deal to progress. On October 29, CVS had secured 78.07% of Longs shares, and Longs was merged into
211:
to Osco. Their sales passed $ 2 billion (~$ 4.12 billion in 2023) for the first time in 1990. In 1993, Longs purchased Bill's Drugs, a 20-store chain located in
Northern California, for $ 23.9 million (~$ 45.5 million in 2023).
381:
In an effort to combat
Walgreens' expansion in Hawaii, CVS began a statewide expansion in 2010, with many new locations within a mile of an existing Longs Drugs. However, CVS closed two 'underperforming' stores in Honolulu in 2019.
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The company expanded to Alaska in 1977, Arizona and Oregon in 1978, and Nevada in 1979. By 1982, Longs had 162 stores and exceeded $ 1 billion (~$ 2.67 billion in 2023) in sales. In 1987, Longs acquired 11
191:. The first Longs in Hawaii opened on March 29, 1954, in Honolulu. By 1971, Longs reported sales of $ 169 million (~$ 974 million in 2023) from its 54 stores. They were incorporated during the same year.
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In 2003, Bob Long stepped down as
Chairman and CEO, marking the first time in the history of Longs Drugs that a member of the founding family was not involved in the company. In 2004 Longs acquired
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by the summer of the following year. In 2011, CVS closed the 90,000 sq ft (8,400 m) flagship superstore on 5100 Broadway in
Oakland, CA, due to property redevelopment plans.
335:, CVS retained the Longs Drugs name in the Hawaii stores "because of its high name recognition and the geographical separation." Before the merger, CVS had no full-service stores in
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of $ 100 million in 2009 and $ 140–$ 150 million in 2010 in expenses from synergies attained from the business combination. On
September 12, 2008, the
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sold Longs 32 stores located in
California for $ 150 million (~$ 258 million in 2023) in October 1999, which itself were former
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625:"Honolulu Star-Advertiser, Hawaii's business leader. - Isles will see 4 more Longs - Hawaii Business - Honolulu Star-Advertiser"
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at the time) merged their pharmacy benefit management companies to create RxAmerica, with each company retaining 50% ownership.
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Before being acquired by parent company CVS Health in 2008, it was a chain of over 500 stores, located primarily on the
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264:-based American Diversified Pharmacies (ADP), a mail order pharmacy. On January 1, 2006, RxAmerica began offering
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351:-based company, Longs had maintained stores in Hawaii long enough to become a local establishment. Its first
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stores from
Western Drug Distributors, Inc. 18 of the stores were located in western
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The first store was founded in 1938 as Longs Self-Service Drugs, by brothers
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On August 12, 2008, Longs Drugs announced that they were being acquired by
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369:. It is based on Cataluna's eponymous play which premiered August 2003 at
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prescription drug plans in all 50 states and the District of Columbia.
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523:"CVS Caremark Successfully Completes Tender Offer for Longs Shares"
457:"CVS Caremark Corporation to Acquire Longs Drug Stores Corporation"
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439:"Former Super Longs to close amidst extensive redevelopment plans"
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interest in RxAmerica and established full ownership of the PBM.
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223:. In 1997, Longs and American Drug Stores Inc. (subsidiary of
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655:"CVS closing dozens of stores in US, including 2 in Honolulu"
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On September 17, 2001, Longs exercised its option to acquire
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columnist Lee Cataluna published a short-story collection,
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acquired Longs Drugs, and rebranded all pharmacies outside
587:
Folks You Meet in Longs and other stories by Lee Cataluna
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687:
979:
Defunct companies based in the San Francisco Bay Area
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Merrick, Amy; Armstrong, David (September 15, 2008).
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In 1995, Longs formed Integrated Health Concepts, a
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in 2008; name retained on stores operating in Hawaii
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964:Companies based in Contra Costa County, California
505:"Walgreen Jumps In With Rival Bid for Longs Drug"
329:CVS the next day on October 30. According to the
545:"800 Longs employees to be let go in East Bay"
219:company. They also closed 2 stores located in
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415:"Longs was the last regional chain drugstore"
108:is an American chain owned by parent company
8:
26:
19:"Longs" redirects here. For other uses, see
629:Honolulu Star-Advertiser - Hawaii Newspaper
127:. Besides Hawaii, it had stores located in
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605:33rd Season of Plays for and about Hawai`i
367:Folks You Meet in Longs, and Other Stories
25:
183:), when they opened their first store on
959:Defunct pharmacies of the United States
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999:Health care companies based in Hawaii
7:
984:Retail companies based in California
974:Retail companies established in 1938
120:and formerly in the Continental US.
359:, opened March 29, 1954. In 2005,
70:(home of parent company CVS Health)
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989:1938 establishments in California
525:. Businesswire. October 30, 2008
32:
319:, the operator of the national
305:South San Francisco, California
175:and Joseph Long (son-in-law of
125:West Coast of the United States
207:. They also sold 15 stores in
1:
1004:2008 mergers and acquisitions
303:Storefront of Longs Drugs in
278:AmerisourceBergen Corporation
569:History of Longs Drug Stores
307:, USA. Note sign announcing
938:CVS/pharmacy LPGA Challenge
785:Navarro Discount Pharmacies
743:Aetna Health Inc. v. Davila
484:. Bigcharts.marketwatch.com
443:The San Francisco Chronicle
230:In 1998, Longs acquired 20
217:Pharmacy Benefit Management
159:, and was headquartered in
1020:
933:CVS Health Charity Classic
688:Longs Drugs Weekly Ad Page
623:Honolulu Star-Advertiser.
592:November 14, 2006, at the
18:
16:Pharmacy company in Hawaii
610:February 5, 2005, at the
31:
892:Eliphalet Adams Bulkeley
574:January 6, 2007, at the
343:Longs in popular culture
276:, Inc., a subsidiary of
161:Walnut Creek, California
68:Woonsocket, Rhode Island
509:The Wall Street Journal
401:San Francisco Chronicle
332:San Francisco Chronicle
482:"News - BigCharts.com"
312:
262:Sacramento, California
250:locations since 1998.
112:with approximately 70
87:health and beauty aids
866:Standard Drug Company
399:"70 years of Longs".
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851:Reliable Drug Stores
836:Melville Corporation
748:Coventry Health Care
683:Longs Drugs web site
461:www.businesswire.com
177:Marion Barton Skaggs
928:CVS Charity Classic
362:Honolulu Advertiser
355:store, in downtown
337:Northern California
189:Oakland, California
90:general merchandise
28:
831:Hook's Drug Stores
403:. August 14, 2008.
371:Kumu Kahua Theatre
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826:Haag Drug Company
795:Oak Street Health
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377:Hawaii expansion
240:Portland, Oregon
225:Albertson's Inc.
179:, co-founder of
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861:Sav-on Drugs
846:Peoples Drug
804:Predecessors
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775:MinuteClinic
770:CVS Caremark
765:CVS Pharmacy
753:Drivotrainer
731:Subsidiaries
662:. Retrieved
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637:. Retrieved
633:the original
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321:CVS/pharmacy
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311:coming soon.
309:CVS/pharmacy
285:CVS/pharmacy
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248:PayLess Drug
229:
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181:Safeway Inc.
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105:
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96:1 hour photo
64:Headquarters
907:Larry Merlo
902:Thomas Ryan
816:Big B Drugs
811:Arbor Drugs
780:Longs Drugs
653:HNN Staff.
529:October 22,
347:Although a
339:or Hawaii.
295:Acquisition
255:Albertson's
203:and one in
106:Longs Drugs
27:Longs Drugs
21:Henry Longs
994:CVS Health
953:Categories
885:Key people
724:CVS Health
639:2019-10-19
467:2020-08-27
424:2018-04-19
386:References
349:California
317:CVS Health
274:PharMerica
236:Washington
201:California
157:Washington
129:California
114:drugstores
110:CVS Health
57:CVS Health
841:Osco Drug
554:8 January
488:8 January
283:By 2008,
84:cosmetics
790:Omnicare
608:Archived
590:Archived
572:Archived
357:Honolulu
326:Walgreen
244:Rite Aid
205:Colorado
145:Colorado
81:Pharmacy
75:Products
53:Acquired
921:Related
209:Arizona
167:History
137:Arizona
41:Founded
871:SupeRx
821:Eckerd
549:SFGate
419:SFGate
353:Hawaii
289:Hawaii
221:Alaska
173:Thomas
149:Oregon
141:Alaska
133:Nevada
93:snacks
856:Revco
738:Aetna
664:6 May
272:from
666:2019
556:2015
531:2019
490:2015
197:Osco
155:and
153:Utah
49:Fate
44:1938
187:in
55:by
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23:.
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