On September 5, 2016, Rite Aid Corporation announced plans to change its name to Walgreens Boots Alliance. The move comes as Walgreens Boots Alliance looks to increase its focus on health and wellness services, as well as its pharmacy, pharmacy benefit management, and retail operations.
Critics of the name change claim that it is an attempt to distance Walgreens from its past as a pharmacy chain, and they argue that the new name is not well-suited to the company’s core businesses. However, Walgreens Boots Alliance contends that the name change is simply a rebranding and that the company’s businesses will remain largely unchanged.
Ultimately, it is unclear whether or not Rite Aid changed their name, as the company has not released any formal documentation confirming the change. However, given Walgreens Boots Alliance’s assertions that the name change is simply a rebranding, it is likely that the company did not change their name.
