Rite Aid is a large pharmacy chain in the United States. In February 2017, it was announced that Rite Aid would be buying Thrifty Drug Stores, a smaller pharmacy chain. This purchase was worth $2.
3 billion. The purchase was seen as a way for Rite Aid to expand its reach into rural areas and to compete with larger pharmacy chains.
Some analysts have questioned whether the purchase was a good idea. They argue that Thrifty is not a well-known pharmacy chain, and that Rite Aid will have to spend a lot of money to build up the chain.
Others say that the purchase will make Rite Aid more competitive and that it will be able to offer better services to its customers.
Ultimately, it is unclear whether the purchase of Thrifty Drug Stores was a good move for Rite Aid. The company will need to invest a lot of money in order to make the chain successful, and it is unclear whether customers will be happy with the changes.
