With Rite Aid stores under its wings, Walgreens prepares to take down rivals

Upping its ante against its rivals in the medical and pharma sector, Walgreens has finally completed its acquisition of Rite Aid’s stores for $4.4billion. The deal brings 1,932 Rite Aid stores as well as three distribution centers under the umbrella of Walgreens.
Though Walgreens initially wanted to take up all of its around 4500 stores, it later had to withdraw from the plan due to anti-trust issues. The rest of the Rite Aid stores, including EnvisionRx PBM, will now go to grocery store giant Albertsons. https://news.alphastreet.com/with-rite-aid-stores-under-its-wings-walgreens-prepares-to-take-down-rivals/