Walgreens said on Tuesday that it will buy drug-store chain rival Rite Aid in a $17.2 billion deal that would whittle the nation’s one-time mom-and-pop drug-story industry into two massive competitors.
The deal would combine the second and third largest drug-store operators, and if it gets regulatory approval intensify the already fierce competition between Walgreens and CVS Health.
Read the entire USA Today article here.
Note: Stay tuned to eCoronado.com to see what this means for the Walgreens location (925 Orange Avenue) and the Rite Aid location (836 Orange Avenue).
