Owensboro Living
Subscribe
  • Features
  • Culture
  • Lifestyle
  • Flavor
  • Contact
No Result
View All Result
Owensboro Living
  • Features
  • Culture
  • Lifestyle
  • Flavor
  • Contact
No Result
View All Result
Owensboro Living
No Result
View All Result
Home The Buzz Places

What does the Walgreens/Rite Aid Merger Mean for Owensboro?

by Owensboro Living
October 29, 2015
in Places, The Buzz
0
0
What does the Walgreens/Rite Aid Merger Mean for Owensboro?
Share on FacebookShare on Twitter

Let’s do a quick test: close your eyes and see if you can picture all the Walgreens, CVS and Rite Aid locations in Owensboro.

Go ahead…

Did you get two Walgreens?  (Frederica/Booth and 54/Fairview)

Two CVS’s? (Frederica/Parrish and 54/Fairview)

And four Rite Aids?  (1921 Parrish, 1735 Scherm, 3026 E 4th and 2440 New Hartford)

Each of the nation’s largest three pharmacy chains are well represented in Owensboro.  We also have several locally-owned and operated pharmacies. But with the announcement Tuesday that Walgreens is buying Rite Aid, things could get interesting.

The deal puts together two of the top three chains, which combined will have nearly 13,000 U.S. stores. That would catapult the merged company above CVS, which has 7,800 stores.

“Upon completion of the merger,” a joint statement released by both companies Tuesday explaining the acquisition stated, “Rite Aid will be a wholly owned subsidiary of Walgreens Boots Alliance, and is expected to initially operate under its existing brand name. Working together, decisions will be made over time regarding the integration of the two companies, ultimately creating a fully harmonized portfolio of stores and infrastructure.”

The statement calls the deal “another sign of increased consolidation in health care as the industry changes due to the Affordable Care Act and an aging population.”

It still needs to pass the antitrust review, though, which will take a while.

So what does that mean for Owensboro?

Nothing, at least for now.

Walgreen’s Media Relation Specialist Phil Caruso told Owensboro Living Wednesday that the transaction is not expected to officially close until the second half of the calendar year for 2016, as was reported in the 2015 end of fiscal year report Wednesday morning.

“Upon completion of the acquisition, Rite Aid stores are expected to continue to carry their brand name.  Customers should be able to continue to use their local Rite Aid without interruption, “ Curuso said.

 

 

Next Post
How to Make Trick-Or-Treating Fun for Kids with Food Allergies

How to Make Trick-Or-Treating Fun for Kids with Food Allergies

Riley Soda Parlor

Riley Soda Parlor

Owensboro Among Best in the South for Startups

Owensboro Among Best in the South for Startups

FEATURED POST

The Pathway to Growth

March 1, 2023
Independence Bank Breaks Ground on Operations Center

Independence Bank Breaks Ground on Operations Center

July 12, 2016
Jeff and Sherrie Harris's white gothic farmhouse makes for a unique centerpiece in Daviess County.

Gothic Farmhouse

August 13, 2019

40 Years of Service to Daviess County

March 1, 2023

EDITOR PICK'S

100 Years of Owensboro Gardening

March 1, 2023

Serving Up Community Spirit 

March 1, 2023

What We’re Eating Now

March 1, 2023

Enhancing Dishes with Puff Pastry

March 1, 2023

Beware of Senior Scams

March 1, 2023

Head West for a Family Trip

March 1, 2023

9 Ways to Get Fit While Gardening

March 1, 2023

STAY CONNECTED

  • 1.7k Followers
  • 2.4k Followers
Facebook Twitter Youtube

Category

  • Culture
  • Events
  • Features
  • Flavor
  • From the Desk of
  • Lifestyle
  • People
  • Places
  • Senior Living
  • The Arts
  • The Buzz
  • The Dish
  • The Last Word
  • The Pulse
  • The Scene
  • The Style

Owensboro Living

2624a New Hartford Rd
Owensboro, KY
270-297-1600

About Us

OwensboroLiving.com is the companion to the bi-monthly FREE magazine, Owensboro Living magazine. Here, get news on your phone, tablet, or computer. No subscription is necessary!

Copyright © 2022 Owensboro Living Magazine, a Tanner Publishing Magazine. All Rights Reserved

No Result
View All Result
  • Home
  • The Buzz
  • Features
  • The Pulse
  • The Dish
  • The Style
  • The Scene
  • Contact

Copyright © 2022 Owensboro Living Magazine, a Tanner Publishing Magazine. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In