:quality(70)/arc-anglerfish-arc2-prod-tronc.s3.amazonaws.com/public/FHEZZBE4N5CWJGZPJAA4J72AKU.jpg)
The CVS Pharmacy stores looted and burned by rioters in Baltimore last week will be rebuilt, CVS Health formally announced Wednesday.
The firm, which has nearly 30 locations in Baltimore and employs more than 500 people, said it also plans to donate a total of $100,000 to two funds established to help recovery from the riots — the United Way of Central Maryland "Maryland Unites Fund" and the Baltimore Community Foundation "Fund for Rebuilding Baltimore."
CVS previously said it was working on rebuilding plans, while the city said the firm had committed to reopening. CVS Health President and CEO Larry Merlo on Wednesday called rebuilding the "right thing to do."
"Our purpose as a company is helping people on their path to better health," he said. "There is no better way that we can fulfill that purpose than to reopen our doors and get back to serving the community."
The two stores, which opened in the 1990s, are located at 2509 Pennsylvania Avenue and 2560 West Franklin Street. Employees at those stores have been offered work at other CVS locations. The firm has not yet set a timeline for reopening, company officials said.