WASHINGTON and NEW YORK and LONDON, Oct. 29, 2015 /PRNewswire/ -- Walgreens plans to purchase Rite Aid, which would potentially unite two of the biggest drugstore chains in the U.S.
MarketResearch.com offers access to industry reports covering the company structure, operation, and corporate actions of both Walgreens and Rite Aid. To learn more, check out both reports:
- Walgreen Co. - Strategy and SWOT Report
http://www.marketresearch.com/land/product.asp?productid=8880330&progid=87975 - Rite Aid Corp. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report
http://www.marketresearch.com/land/product.asp?productid=9036246&progid=87975
On Monday, Rite Aid's market value closed at about $6.4 billion. Rite Aid's debt is an estimated $7.4 billion, according to Standard & Poor's Capital IQ.
Walgreen's recorded an increase of 5.8% in revenues over 2013 and 2014, with revenues reaching $76,392 million. Buying Rite Aid would not be Walgreens' first big acquisition. Since 2010, Walgreens has purchased Duane Reade, USA Drugs, and Kerr Drug, helping Walgreens to grow to more than 8,200 stores.
The purchase of Rite Aid would create a new pharmacy giant that would have significant influence with drug makers, pharmacy benefit managers, and others in the health care industry.
The reports mentioned above are also available on www.profound.com, where subscribers are able to purchase the individual sections, chapters, tables, or charts of a report they need without having to pay for the pieces they don't.
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