Massive US pharmacy consolidation

October 28, 2015

North American pharmacy giant Walgreens has announced the US$17.2 billion all-cash acquisition of rival Rite Aid corporation. Walgreens Boots Alliance will pay US$9 per share for Rite Aid, representing a 48% premium on the closing share price last week. “The combination of Walgreens Boots Alliance and Rite Aid creates a further opportunity to deliver a hiqh quality retail pharmacy choice for US consumers,” the companies said in a statement. Once the merger is settled Rite Aid will be a wholly owned subsidiary of Walgreens Boots Alliance, with long term plans to create a “fully harmonised portfolio of stores and infrastructure”.

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Pharmacy Daily | Massive US pharmacy consolidation

Massive US pharmacy consolidation

Other recent headlines

PD breaking news – Queensland pharmacies scope of practice pilot expanded

Commbank to help navigate ownership

Littleproud visits Orana Mall

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES