ORLANDO, Fla. - Kroger may not be the only retail pharmacy in the hunt for divested Rite Aid stores following the proposed merger between Walgreens Boots Alliance and Rite aid, BNL Finance reported in a blog posted Thursday. In fact, they may not even be a good fit - Walmart in its move toward smaller retail footprints may be a better suitor. "However, I think the sleeping giants that no one is talking about ... are competing pharmacy benefit managers like Express Scripts Holding and Catamaran," wrote Brian Nichols, BNL Finance editor-in-chief. "All of Express Scripts and Catamaran’s competitors are getting stronger in the PBM space, with a combination of retail pharmacies, wholesale and PBM. [So] don’t be surprised if Express Scripts and Catamaran ... make a move to form a retail pharmacy business with 700 Rite Aid stores." (BNL Finance)
Rite Aid Pharmacy & Business News
Rite Aid pharmacies last week made available a number of free resources to senior customers in an effort to help them select the right prescription drug plan or update their existing coverage during the annual Medicare Part D enrollment period.
With year-end earnings, Walgreens Boots Alliances provides some color on beauty makeover and Rite Aid acquisition.
Walgreens Boots Alliance and Rite Aid now expect the transaction will close in early calendar 2017.
With just weeks to go before its annual Industry Issues Summit conference — one of the most highly-anticipated, must-attend events on the drug store industry calendar — Drug Store News has announced another top-tier roster of some of the most talented and creative retail executives in the business for the annual thought-leadership/networking event.
The New York Post late Tuesday reported Kroger may be close to passing on acquiring some 650 stores that Walgreens and Rite Aid would have to sell to gain regulatory approval of their $17 billion merger, placing the deal in jeopardy. “The FTC is trying to preserve the stand-alone stores,” a source told The Post. “But Kroger might want to integrate. What happens to Rite Aids it buys that are near Krogers?” (The New York Post)
The shave category is trying to get its groove back, and where sales are up a healthy 10.6% for the 52-week period ended Sept. 4, 2016, as tracked by IRI across multi-outlets.
According to reports, Hurricane Matthew may result is as much as $10 billion in damages.
From now through Oct. 31, customers can vote for their favorite pharmacy team member by completing a mail-in nomination form available at any Rite Aid pharmacy or online at www.riteaid.com/vote.
Rite Aid and Kinney Drugs are helping to fund a project at the Albany College of Pharmacy and Health Sciences that will transform unoccupied space into high-tech, “active learning” classrooms.