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I didn’t see this coming! Walgreens had scrapped its plan to buy Rite Aid corp after the plan was terminated by antitrust regulators. But it isn’t black and white. Walgreens will instead buy a smaller piece of the chain and it’s impact will be BIG. Some states will lose Rite Aid altogether!
Walgreens will be acquiring 1900 Rite Aid stores and become the largest drug store chain in the United States. Rite Aid is destined to become a more regional chain. How will your area be affected? These changes are slated to happen over the next 6 months.
The following states will no longer have any Rite Aid stores:
Alabama Georgia Indiana Kentucky Louisiana Maine Mississippi Rhode Island South Carolina Tennessee Utah West Virginia
The following states will have fewer Rite Aid stores:
Colorado – 21 stores reduced to 3 stores Connecticut – 77 stores reduced to 34 stores Massachusetts – 144 stores reduced to 10 stores New Hampshire – 68 stores reduced to 62 stores New Jersey – 251 stores reduced to 133 stores New York – 596 stores reduced to 323 stores North Carolina – 222 stores reduced to 9 stores Ohio – 224 stores reduced to 217 stores Pennsylvania – 536 stores reduced to 534 stores Vermont – 37 stores reduced to 6 stores Virginia – 185 stores reduced to 82 stores
No change in these states:
California (576 stores) Delaware (42 stores) Idaho (14 stores) Michigan (274 stores) Nevada (1 store) Oregon (73 stores) Washington (139 stores)