The Jean Coutu Group (PJC) Inc.
TSX : PJC.A

The Jean Coutu Group (PJC) Inc.

February 12, 2015 10:11 ET

The Jean Coutu Group Announces the Acquisition of Four Pharmacies Following Target's Divestment From Canada

LONGUEUIL, QUÉBEC--(Marketwired - Feb. 12, 2015) - The Jean Coutu Group (PJC) Inc. ("The Jean Coutu Group") announced today that four pharmacies located in Target stores have been acquired by pharmacist owners affiliated to the Jean Coutu network.

The patient records from the pharmacies located at Galeries d'Anjou, Faubourg de Boisbriand, Place Portobello in Brossard and Carrefour St-Eustache have been transferred respectively to the following Jean Coutu affiliated pharmacies: Marc-André Plante and Sylvain Couture Pharmacy (Anjou), Manon Berrouard and Patrice Mayrand Pharmacy (Boisbriand), Jean-Maurice Vandergoten and Angelo Zaccara Pharmacy (St-Eustache) and Paul St-Onge, André St-Onge and Clément Pelletier Pharmacy (Brossard). The pharmacists stated they are very proud to be able to serve these new customers.

"Continuing our growth to maintain our leadership position is paramount. We are therefore pleased to announce that pharmacist owners affiliated to the Jean Coutu network have acquired these four pharmacies", stated Mr. François J. Coutu, President and Chief Executive Officer of The Jean Coutu Group.

Pharmacist owners affiliated to Jean Coutu involved in these transactions are committed to providing customers with a professional and high quality service. All patient records will be kept in full, to ensure continued efficient follow-up with patients.

About The Jean Coutu Group

The Jean Coutu Group is a renowned corporation in the Canadian pharmacy retail business. The Corporation operates a network of 416 franchised stores, all located in the provinces of Quebec, New Brunswick and Ontario, under the PJC Jean Coutu, PJC Clinic, PJC Health and PJC Health and Beauty banners, employing some 20,000 people. The Jean Coutu Group also owns Pro Doc Ltd ("Pro Doc"), a Quebec-based generic drug manufacturing subsidiary.

Contact Information

  • Source:
    The Jean Coutu Group (PJC) Inc.

    Contact:
    Mrs. Helene Bisson
    Vice President, Communications
    (450) 646-9611, ext. 1165
    hbisson@jeancoutu.com