On December 3rd, 2017, Rite Aid announced that it had agreed to be acquired by Walgreens Boots Alliance for $3.9 billion.
This marks the largest acquisition in Rite Aid’s history, and the largest pharmacy acquisition in the US in over a year. Walgreens Boots Alliance is the largest pharmacy retailer in the world, and the deal is expected to close in the second half of 2018.
This deal raises some concerns about the future of Rite Aid, as Walgreens Boots Alliance has a history of consolidating the pharmacy industry. The deal could lead to higher prices for consumers, as Walgreens Boots Alliance is known for its high prices.
Additionally, the acquisition could lead to reduced competition, as Walgreens Boots Alliance is a far larger company than Rite Aid.
The conclusion of this article is that the acquisition of Rite Aid by Walgreens Boots Alliance is cause for concern. The deal could lead to higher prices for consumers, reduced competition, and the potential loss of valuable pharmacy locations.
