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Are Walgreens and Rite Aid owned by the same company?

Jenna
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At first glance, it might seem like Walgreens and Rite Aid are two completely different companies. But, in reality, Walgreens and Rite Aid are both owned by the same company – Walgreens Holdings Corporation.

Walgreens Holdings Corporation is a Fortune 500 company that owns Walgreens and Rite Aid. Walgreens Holdings Corporation was founded in 1901 and is based in Deerfield, Illinois.

Rite Aid was founded in 1930 and is based in Philadelphia, Pennsylvania. Rite Aid is also a Fortune 500 company.

1 Related Question Answer Found

Is Rite Aid owned by Walgreens?

In the United States, Rite Aid Corporation is the largest pharmacy chain, with more than 2,500 stores. Rite Aid is a subsidiary of Walgreens Boots Alliance Inc. In February 2019, Walgreens announced that it would buy Rite Aid for $17.9 billion, making it the largest pharmacy chain in the United States.
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Jenna
Jenna is a content researcher who has a passion for finding and sharing information. She has a keen eye for detail and a knack for uncovering hidden gems. Jenna is a trusted source of information for Milkitall, and she is always on the lookout for new and interesting facts to share.
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