The Walgreens and Rite Aid merger is set to go through, but it is still up in the air as to whether or not it will be approved by the Federal Trade Commission (FTC). Many have argued that the merger will create a monopoly, and that it will be bad for consumers.
Others argue that the merged company will be able to provide better customer service and lower prices. The FTC will have to decide whether or not the benefits of the merger outweigh the potential negative consequences.
6 Related Question Answers Found
Did Rite Aid merge with Walgreens?
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.
Did Walgreens buy out Rite Aid pharmacy?
According to media reports, Walgreens is in the process of buying Rite Aid pharmacy. This would mean that Walgreens would have around 2,000 pharmacies. Rite Aid has about 1,600 pharmacies.
Did Walgreens purchase Rite Aid?
As of February 27, 2018, Walgreens announced that it had agreed to purchase Rite Aid for $17.2 billion. The deal is expected to be completed in the second half of 2018. This purchase will create the second largest pharmacy chain in the United States, behind CVS.
Did Walgreens buy all Rite Aid stores?
The Rite Aid Corporation, or Rite Aid, announced on January 27, 2018 that it had reached an agreement to be purchased by Walgreens Boots Alliance, or Walgreens. The purchase is valued at $9.3 billion, and will result in the creation of the largest pharmacy in the United States. Walgreens currently operates more than 2,000 stores across the United States.
Is Walgreens and Rite Aid the same company?
The Walgreens Corporation (Walgreens) and Rite Aid Corporation (Rite Aid) are two of the largest drugstore chains in the United States. However, they are not the same company. Walgreens is a pharmacy and health services company, while Rite Aid is a retail pharmacy chain.
Was Rite Aid bought by Walgreens?
In October of 2016, Walgreens agreed to purchase Rite Aid for $17.9 billion, making it the largest pharmacy chain in the United States. Walgreens said that the merger would create a “more competitive and innovative pharmacy benefit management (PBM) platform.” Some have questioned the wisdom of the merger, as it would create a company with a significantly larger footprint than Walgreens’ current peers. However, Walgreens has argued that the merger will create efficiencies that will benefit patients and employees.
