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After Two Failed Mergers, Where Does Rite Aid Stand Now?

Sonya Bells
After Two Failed Mergers, Where Does Rite Aid Stand Now?

Struggling with the company’s financial position, Rite Aid’s management has tried to sell the company’s assets since 2015. Initially, it decided to sell all its assets to Walgreens (WBA) in October 2015. The deal included 2,569 stores and the Pharmacy Benefit Manager business, which weren’t already sold to Walgreens last year.