Turns out DSN readers were right — 59% believed the decision the Walgreens/Rite Aid deal would not be approved before Donald Trump is sworn in as the 45th U.S president.
Rite Aid Pharmacy & Business News
By this time next week, the FTC is expected to have approved the Walgreens Boots Alliance/Rite Aid merger, including the divestiture of 865 stores to Fred's, The New York Post reported late Tuesday, citing sources close to the case. "[T]he FTC will likely ask Fred’s — which will more than double in size after it buys the Rite Aid stores — to raise additional equity to help stabilize its financing after closing," The Post reported. The deal approval is being expedited prior to the inauguration of President Donald Trump, The Post added. (The New York Post)
Walgreens operations in the U.S. realized a 1.1% quarterly increase in overall comp sales. Same-store pharmacy sales increased 2% compared with the year-ago quarter.
Now that Fred’s is taking on 865 divested Rite Aid stores, Walgreens is in active discussions with FTC to close the transaction.
Additional 865 stores could add $6B in revenues and $31M in profits to the Memphis-based retailer’s bottom line.
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.
Rite Aid is putting out all the stops to help customers finish their shopping this holiday season.
Health Dialog is a market leader in SDM, Frost & Sullivan noted, having pioneered integrated, customized, white-label decision-making solutions across the healthcare industry.
Rite Aid's Vaccine Central, an assessment tool where visitors can complete a personal immunization evaluation, is an additional resource for people to further review immunization recommendations.
Read highlights from the 18th DSN Industry Issues Summit, which saw record attendance with about 275 attendees, three panels and a keynote from Fox News’s Tucker Carlson.