Walgreens is rumored to be buying out Rite Aid. This would create the third-largest pharmacy chain in the United States.
The move could help Walgreens compete against larger pharmacy chains, like CVS and Wal-Mart, and make it easier for people to get their prescriptions. However, it’s still unclear whether or not the deal will actually happen.
4 Related Question Answers Found
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.
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.
Are Rite Aid stores Changing to Walgreens?
The debate between Rite Aid and Walgreens has been going on for years now. Walgreens has been slowly taking over Rite Aid stores, and it seems like the debate is coming to a close. Rite Aid is closing more stores, and Walgreens is buying them.
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.
