Walgreens to shutter 600 stores

Article Posted on DrugStoreNews.com | October 25, 2017 View Original Article Here   Walgreens to shutter 600 stores by next spring as part of Rite Aid purchase     DEERFIELD, Ill. — Walgreens Boots Alliance expects to shutter about 600 stores in the wake of its purchase of 1,932 stores from rival Rite … [Read more...]

Walgreens Secures Regulatory Clearance to Purchase 1900 Rite Aid Stores

Article Originally Posted on Walgreens.com | September 19, 2017 View Article Here       DEERFIELD, Ill., 19 September 2017 - Walgreens Boots Alliance, Inc. (Nasdaq: WBA) announced today that it has secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three … [Read more...]

Walgreens, Rite Aid Call Off Merger, Forge Acquisition Deal

Published on GlobeSt.com | June 29, 2017 Written by Paul Bubny View Original Article Here     Nearly 2,200 Rite Aid locations will make the transition to the Walgreens brand, with the stores coming into the Walgreens Boots Alliance fold on a phased basis.   DEERFIELD, IL—Walgreens Boots Alliance Inc. and Rite Aid … [Read more...]

Walgreens, Rite Aid Forced to Amend Their Merger as New Administration Takes Over

Posted on Costar.com | January 30, 2017 By Mark Heschmeyer | View Original Article Here     Not having their hopes fulfilled that their $17.2 billion merger would win approval before President Obama left office, Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) extended their agreement to give new … [Read more...]

Rite Aid Buy Makes Ripples in NNN Market

Posted 11/3/2015 | GlobeSt.com By Brian J. Rogal View Original Article Here CHICAGO—The recent decision by Walgreens to buy Rite Aid for more than $9.4 billion in cash will set off ripples in the market for triple net lease properties. Drug stores like these are among the most popular options for investors, but the uncertainty … [Read more...]

Walgreens Likely To Go on Real Estate Diet if Deal for Rite Aid Wins Approval

Published on Costar.com | October 28, 2015 Written by Mark Heschmeyer View Original Article Here   Rite Aid Accepts $17.2 Billion Buyout Offer from Walgreens Boots Alliance, Execs See $1 Billion in Cost Savings   The newly announced merger agreement between Walgreens Boots Alliance Inc. and Rite Aid Corp. has the potential … [Read more...]

Barr & Bennett Net Leased Investment Group Sells Rite Aid at Market Low 5.48% Cap

BOSTON, MA— September 3, 2015—Carpe Diem Management, LLC has purchased a single tenant building, occupied by Rite-Aid Pharmacy for $5,000,000. The building sale, located at 1329 Hyde Park Avenue in Boston, Massachusetts, had 13 years remaining on its original 20-year absolute triple net (NNN) lease with Rite-Aid at the time of the … [Read more...]

Can Rite Aid’s Stock Go Higher?

Posted April 24th, 2015 |  Trefis Team View Original Article Just about three months into 2015, the healthcare industry has already seen a lot of action this year. Be it mergers between leading healthcare enterprises, such as Walgreens’ acquisition of Alliance Boots(NASDAQ:WBA) and UnitedHealth’s acquisition of Catamaran (NYSE:UNH), or a … [Read more...]