As of now, Rite Aid is not planning on merging with Walgreens. However, this could change in the near future.
Walgreens is currently in the process of trying to purchase Rite Aid, so it’s possible that this could happen in the future. If it does, it would likely result in the closure of many Rite Aid locations.
5 Related Question Answers Found
Are all Rite Aid's changing to Walgreens?
Rite Aid is in the process of converting all of its stores to Walgreens. This means that customers will have to switch to a new pharmacy if they want to continue using Rite Aid. Walgreens is the largest pharmacy chain in the United States, so this change may have a significant impact on the way that people take care of their health.
Is Rite Aid owned by Walgreens?
In the United States, Rite Aid Corporation is the largest pharmacy chain, with more than 2,500 stores. Rite Aid is a subsidiary of Walgreens Boots Alliance Inc. In February 2019, Walgreens announced that it would buy Rite Aid for $17.9 billion, making it the largest pharmacy chain in the United States.
Is Rite Aid and Walgreens still merging?
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.
Is Walgreens buying Rite Aid?
Walgreens has been in talks to buy Rite Aid for months, and it looks like the deal is almost done. If the deal goes through, it would be Walgreens’ biggest acquisition ever. Walgreens currently has about 2,500 stores compared to Rite Aid’s 3,500.
Did Walgreens buy Rite Aid?
Walgreens Boots Alliance Inc. (WBA) announced on September 7, 2017 that it had agreed to purchase Rite Aid Corporation (RAD) for $3.9 billion. The purchase is expected to close in the third quarter of 2017. The combined company is expected to have around 2,500 stores and $24 billion in annual revenue.
