Rite Aid Corporation has been in business since 1962 and is headquartered in Pennsylvania. In 2016, Rite Aid merged with Walgreens, creating the world’s largest drugstore chain with more than 2,600 stores in the United States. The merger created some controversy, as Walgreens is known for its higher-priced drugs, while Rite Aid is well-known for its lower-priced products.
Some analysts believe that the merger will result in lower prices for consumers, while others argue that the increased competition will force Walgreens to lower prices. The final outcome of the merger is still uncertain, but it is clear that it will have a significant impact on the drugstore industry.
