Fred’s Completes Acquisition of Reeves-Sain Drug Store and EntrustRx Specialty Pharmacy

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MEMPHIS, Tenn.--(BUSINESS WIRE)--Fred’s, Inc. (NASDAQ: FRED) today announced that it has completed the previously reported $66 million acquisition of Reeves-Sain Drug Store, Inc., a private specialty and retail pharmacy company, including its EntrustRx specialty pharmacy operation. EntrustRx, which is licensed in all 50 states, has a strong regional presence in the Southeast, serviced from facilities in Spring Hill, Tennessee and Columbus, Mississippi. It dispenses specialty pharmaceuticals to

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