Rite Aid completes transfer of stores to Walgreens

According to a March 2018 press release, 1932 stores and three distribution centers have now been transferred to Walgreens Boot Alliance for an estimated $4B.

However, that doesn’t account for all of Rite Aid’s approximately 4500 drug stores.  Due to a government antitrust Walgreens/Rite Aid merger block, the remaining stores and PBM will instead go to recent acquirer – grocery store chain –  Albertsons.

 

 

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