WRAL SmartShopper

WRAL SmartShopper

Walgreens announced it is buying Rite Aid

Posted October 27, 2015

Walgreens, the largest drug store chain in the country, announced today that it is buying Rite Aid for $9.4 billion.

What does this mean for both stores?

According to, Rite Aid will be a subsidiary of Walgreens and both will continue to operate under their current names. In time, as the stores integrate, I am sure we will see changes. For now, it appears that it will be business as usual.

The deal is expected to close in late 2016.


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