Jonathan Hipp
Just as the dust settled on the Walgreens Boots Alliance-Rite Aid Corp. alliance, the latter made news once again. In late February 2018, supermarket operator Albertsons Cos. announced it would acquire the remaining Rite Aid assets, as previously reported. The grocer’s goal is to reposition its in-store pharmacies under the Rite Aid brand, while continuing to operate Rite Aid stand-alone retail pharmacy centers.

If all goes according to plan, the $2.6-billion transaction will close in the second half of 2018, resulting in a company that controls 4,900 locations, 4,350 pharmacy counters and 320 clinics in 38 states and Washington DC. Unlike the Walgreens-Rite Aid merger, the Albertsons deal will likely close without too much trouble.