Local Rite Aids may be changing their names soon after Walgreens announced today they are buying Rite Aid in a $17.2 billion deal.
If the deal gets approval from the antitrust review, the second and third largest pharmacy companies will combine and surpass the current number one, CVS.
Rite Aid stores will keep their names for right now, but they eventually will change. The consolidation of the two stores is just another change that the health care industry is changing due to Obama Care.
If approved that would mean Walgreens will have more than 13,000 stores in the U.S alone. In recent years, Walgreens has been buying up other chains, such as Duane Reade in 2010 and the European pharmacy chain Boots Alliance, last year. Walgreens currently is in 11 different countries.
Written By: Kirby Socker