Walgreens Buys Rite Aid At A Great Price, Becomes The Largest U.S. Pharmacy

For quite some time, there was speculation around Rite Aid being a potential acquisition target for Walgreens. Earlier in March this year, we published a post on why we think Walgreens might consider acquiring Rite Aid. While conditions have remained largely similar all this while, competition in the healthcare space has increased due to consolidation, which might have prompted Walgreens to act sooner rather than later.