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In June 2007, a 109-year-old retail legacy came to an end. Rite-Aid Corporation completed its acquisition of Eckerd Pharmacy by purchasing Jean Coutu USA for $2.3 billion in cash plus $1 billion ...
Eckerd Corporation was an American pharmacy retail chain that was headquartered in Largo, Florida, [1] and toward the end of its life, in Warwick, Rhode Island. [2] At its peak, Eckerd was the second-largest pharmacy chain in the United States, with approximately 2,802 stores in 23 states as far west as Arizona.
The transaction was officially completed in June 2008. All Brooks and Eckerd locations were either rebranded as Rite Aid. To comply with FTC antitrust regulations, some Brooks/Eckerd locations within a mile of a Rite Aid store were sold to another pharmacy company, such as CVS/pharmacy or Walgreens, or were closed.
Eckerd Corporation – acquired by CVS Pharmacy in the South and Rite Aid in the Northeast–Mid atlantic Region; Fantle's; Farmacias El Amal – San Juan, Puerto Rico, firm; 20 locations bought by Walgreens in 2008; remaining closed in 2011; Fay's Drug; G. O. Guy – acquired by Thrifty PayLess; Genovese Drug Stores; Gray Drug – purchased by ...
Indeed, the big drugstore chains are suffering—at least when it comes to the pharmacy services at the core of their companies. CVS and Walgreens are making less money on an annual basis from ...
Genovese Drug Stores was a pharmacy chain with stores in New York City, Long Island, northern New Jersey, Fairfield County, Connecticut, and Hartford County, Connecticut. It was acquired by JCPenney in 1998 and merged with its Eckerd Corporation subsidiary.
Also shown was a location of Thrift Drug's nominal successor (through Eckerd) and fellow Pennsylvania pharmacy, Rite Aid. Due to Rite Aid's connection to Thrift Drug through Eckerd, Rite Aid, as well as CVS which also purchased many Eckerd stores, accept JCPenney credit cards despite having otherwise had no corporate affiliation with JCPenney.
Albion residents will soon have to drive 10 miles or more to the nearest pharmacy to drop off or pick up a prescription. Albion Pharmacy, 9 E. State St., is closing Wednesday, according to a store ...