Walgreens-Rite Aid Deal to Draw Scrutiny
Washington — Walgreens Boots Alliance Inc.’s deal to acquire Rite Aid Corp. is expected to draw antitrust scrutiny not only because the company would grow to 12,700 locations, but because of what goes on behind the scenes with drug payments. Antitrust experts say the Federal Trade Commission, which is likely to review the transaction, will look closely at whether the merging of the No. 1 and No. 3 pharmacy chains in the United States...
What Customers Need To Know
Change is coming to local drugstores after Walgreens Boots Alliance Inc. said Tuesday it is buying rival Rite Aid Corp. for about $9.4 billion. The deal combines two of the nation’s largest drugstore chains, helping them to better compete in the rapidly consolidating health care industry. Drugstore chains face increased competition from mail-order pharmacy services and pharmacies inside grocery store chains. But what will it mean for...
