Rite Aid acquires Bartell Drugs and its 67 pharmacies
Rite Aid acquires Bartell Drugs and its 67 pharmacies
… Rite Aid announces surprise acquisition of Bartell Drugs …

RITE AID ACQUIRES BARTELL DRUGS

Bartell’s is one of the last remaining privately-held retail drugstore chains

John G. Baresky

In an unexpected move, Rite Aid (NYSE: RAD) has announced it is acquiring the privately-held, family-owned and operated Bartell Drugs retail pharmacy chain for $95 million. The deal will add 67 stores to Rite Aid’s 2,500 pharmacies.

Bartell Drugs was in operation for over 120 years

Rite Aid seizing an opportunity to regain market share

Pharmacy competition continues to thicken with Amazon’s growth

Rite Aid continues to compete in a challenging marketplace and a demanding investor community

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