Drugstore chain Rite Aid Corporation (NYSE: RAD) reported a narrower loss from continuing operations in the fourth quarter as it delivered the third consecutive quarter of same-store pharmacy sales and prescription count growth. The bottom line exceeded analysts’ expectations while the top line...
Walgreens to buy pharmacy files from 185 Fred's stores for $165 million. Walgreens will be strengthening their presence in Southeastern US through this deal. https://news.alphastreet.com/walgreens-acquires-freds-inc-pharmacy-165-million/
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Amazon has entered into healthcare space by acquiring online pharmacy Pillpack. This will be a real blow for drugstore companies like Walgreens, Rite Aid, CVS Health and many more. So, will they deliver drugs through online orders without prescriptions or will they have some restrictions...
General Electric’s (GE) replacement on the Dow index, drug retail chain Walgreens Boots Alliance (WBA), is said to have a greater dominance in US metropolitan areas. The wholesale pharmaceutical distributor is slated to announce its third-quarter financial results on June 28.
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Upping its ante against its rivals in the medical and pharma sector, Walgreens has finally completed its acquisition of Rite Aid’s stores for $4.4billion. The deal brings 1,932 Rite Aid stores as well as three distribution centers under the umbrella of Walgreens.
Though Walgreens initially...
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