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Rite Aid Corp.

  • Walgreens acquisition of Rite Aid expected to close in early 2017

    Walgreens Boots Alliance’s acquisition of Rite Aid took a big step forward with announcement of the divestiture of 865 Rite Aid stores to Fred’s Pharmacy for $950 million.   

  • Walgreens Boots Alliance and Rite Aid agree to sell 865 Rite Aid stores to Fred’s Pharmacy

    Walgreens Boots Alliance and Rite Aid have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s for $950 million.   The transaction is subject to Federal Trade Commission approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions.  

  • Walgreens, Rite Aid extend date of merger agreement to allow for store divestures

    Walgreens, Rite Aid extend date of merger agreement to allow for store divestures   Walgreens Boots Alliance and Rite Aid announced that they have mutually agreed to extend the end date of their merger agreement from Oct. 27, 2016 to Jan. 27, 2017.   The companies now expect the transaction will close in early calendar 2017.  

  • Walgreens struggling to sell stores

    Walgreens is ready to shutter up to 1,000 stores, but no one is biting.   In accordance with the closing of its deal to purchase Rite Aid, the Walgreens Boots Alliance must sell or close between 500 and 1,000 of its stores. However, there is a lack of interest among private equity firms, according to an Investopedia article.   Walgreens still expects to move forward with the Rite Aid acquisition, which is slated to close in the second half of this year, the article said.  

  • Rite Aid Foundation makes significant contribution to American Red Cross Louisiana Capital Area

    The Rite Aid Foundation announced Monday a $50,000 donation to the American Red Cross Louisiana Capital Area to help the victims, families and communities across the greater Baton Rouge area that were affected by the historic rainfall and flooding over the weekend.   

  • RediClinic names CFO

    RediClinic convenient care clinics has named a seasoned healthcare executive as its new CFO.   Jeff Fields is joining Health Dialog, provider of population health management services, and RediClinic as CFO. He will be responsible for the fiscal management of both RediClinic and Health Dialog as they continue to grow in the total population management services and retail health care markets.   

  • Rachael Ray, Rite Aid announce $25K donation to Detroit's Downtown Boxing Gym Youth Program

    The Rite Aid Foundation's KidCents program announced Wednesday a $25,000 donation to the Downtown Boxing Gym Youth Program, a Detroit-based nonprofit that empowers Detroit youth to be positive and productive members of society through education, athletics, mentorship and intervention.  

  • Possible Rite Aid divestiture leads to buyer speculation

    If Rite Aid needs to shed some stores for antitrust reasons in the wake of a merger with Walgreens-Boots Alliance, many experts expect one well-known drug store to step forward. 
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