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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]
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On April 9, 2010, Duane Reade was acquired by the Walgreen Company for $1.075 billion, consisting of $618 million in cash and $427 million of assumed debt. [16] The transaction includes Duane Reade corporate office, 257 stores, and two distribution centers. [17] On July 6, 2011, Duane Reade opened a location at 40 Wall Street in Lower Manhattan ...
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Deerfield is a village in Lake and Cook counties in the U.S. state of Illinois. A northern suburb of Chicago, Deerfield is located on the North Shore, about 28 miles (45 km) north of downtown Chicago.
The company was founded in Raleigh by Banks Kerr in 1951. The chain was operating 97 stores when it was acquired in 1995 by JCPenney.In 1996, when JCPenney attempted to purchase Eckerd Drug, the FTC forced JCPenney to divest itself of 34 former Kerr Drug stores and 130 Rite Aid stores.
Coopersville is a city located in north central Ottawa County in the U.S. state of Michigan.The population was 4,828 at the 2020 census.It is primarily a farming community.
The company said Las Vegas was a non-core market that had not been contributing to overall results, and it had not opened a new store there since 1999. One Nevada store would remain open in Gardnerville, near the California border, where Rite Aid at the time had more than 600 stores. [33] Map of Rite Aid stores as of January 2025