Since late 2017, there have been rumors that Rite Aid and Walgreens are merging. These rumors started after Walgreens announced that it was selling its pharmacy and health insurance businesses to CVS for $9.4 billion. Rite Aid then followed suit and said that it was selling its pharmacy and health insurance businesses to Walgreens for $3.
9 billion. This led many to believe that the two companies were going to merge. However, on February 1st, 2018, Walgreens announced that it was terminating the merger with Rite Aid.
This termination comes after Walgreens received a lot of backlash from its customers. Many of them were unhappy about the fact that the company was selling their pharmacies and health insurance businesses. They believed that this would lead to high prices and less choice.
In addition, Walgreens was also criticized for not doing enough to keep its pharmacies in good condition. This led to a lot of pharmacies being closed down, which made it difficult for people who needed to go to a pharmacy.
Although the merger between Rite Aid and Walgreens never happened, it is clear that the two companies did not agree on a lot of things. This includes the way in which the companies were going to operate.
This means that there is a good chance that the two companies will not merge again in the future.
