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Happy Harry's was an American drugstore chain that was merged into Walgreens starting in 2006. Happy Harry's operated 76 locations in Delaware, Pennsylvania, Maryland, and New Jersey. Harry Levin, and entrepreneur, started it in 1962. On June 5, 2006, it was revealed that the chain had agreed to be acquired by Walgreens.
In 2009, Walgreens threatened to leave the Medicaid program, the state and federal partnership to provide health insurance coverage to the poor, in Delaware over reimbursement rates. Walgreens was the largest pharmacy chain in the state and the only chain to make such a threat. [59]
Walgreens continued to operate the acquired Happy Harry's stores, including the Market Street store, under the Happy Harry's name for some time. [3] The building was purchased by a subsidiary of BPG Property Group in 2008 who now leases the location back to Walgreens and it's opened under the Walgreens name.
On October 27, 2015, Walgreens announced the purchase of competitor Rite Aid for $17.2 billion (equivalent to $21.6 billion in 2023). [12] [13] However, that deal was later scrapped due to antitrust concerns in favor of a $5.18 billion deal (equivalent to $6.33 billion in 2023), [12] in which Walgreens only acquired half of Rite Aid locations. [14]
Many pharmacy chains in the United States are owned and operated by regional supermarket brands, or national big-box store brands such as Walmart. These pharmacies are located within their larger chain stores. The three largest free-standing pharmacy chains in the United States are Walgreens, CVS, and Rite Aid.
The top 25 pharmacy chain stores represent about 38,000 pharmacy locations in the U.S. and employ about 149,000 on-staff pharmacists. California has 8,015 pharmacies, the most of any state. Texas, Florida, New York, and Pennsylvania round out the top five states for pharmacy locations. [1]
Rite Aid store in Rose Hill, Fairfax County, Virginia in September 2018, before conversion to a Walgreens On June 29, 2017, Walgreens announced the cancellation of the merger. Walgreens instead offered to purchase 2,186 Rite Aid stores, less than half of the chain, for $5.18 billion (plus a $325 million cancellation penalty), a deal which would ...
Wag's was a chain of casual dining (or "family") restaurants owned and operated by Walgreens in the 1970s and 1980s. They were modeled after restaurants like Denny's, Shoney's, and Big Boy in that they were mostly 24-hour establishments specializing in inexpensive fare such as hamburgers and breakfast. The chain was based on smaller restaurants ...