{"id":15281,"date":"2017-12-01T03:00:23","date_gmt":"2017-12-01T03:00:23","guid":{"rendered":"http:\/\/www.ceo-na.com\/?p=15281"},"modified":"2017-12-01T16:40:48","modified_gmt":"2017-12-01T16:40:48","slug":"drugstores-out-of-order","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/business\/industry\/drugstores-out-of-order\/","title":{"rendered":"Drugstores out of order"},"content":{"rendered":"

Drugstore chains like Walgreens are facing a downfall.<\/strong><\/em><\/p>\n

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Walgreens<\/a> will close about 600 drugstores as part of its deal to buy nearly 2,000 Rite Aid locations, the chain announced.<\/p>\n

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The Rite Aid Acquisition in Detail. V\u00eda Market Realist and WBA.<\/p><\/div>\n

Walgreens Boots Alliance Inc. is in the process of acquiring 1,932 Rite Aid stores<\/a> as part of a US$4.4 billion deal expected to be complete by the spring of 2018.<\/p>\n

Through a press release<\/a>, Walgreens stated it had secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corporation.<\/p>\n

Action against the downfall<\/strong><\/h6>\n

As part of the process, Walgreens said it will close 600 stores, mostly Rite Aid locations within a mile of another store.<\/p>\n

Some Walgreens stores will be closing as well, the company added.<\/p>\n

The consideration for the transaction will now be $4.375 billion in cash, the assumption by Walgreens Boots Alliance of the related real estate leases and the grant of the option to Rite Aid.<\/p>\n

Executive Vice Chairman and CEO of Walgreens Boots Alliance, Stefano Pessina, declared\u00a0\u201cThis is a significant moment for our company, and we are excited about the opportunities this agreement will deliver for our customers and patients, employees and investors.”<\/p>\n

Leading the industry<\/strong><\/h6>\n

The top three drugstore companies in the United States, by store count, are Walgreens Boots Alliance (WBA<\/a>), CVS Health (CVS<\/a>), and Rite Aid (RAD<\/a>), which account for more than 75% of the US pharmacy market share, according to Euromonitor<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Drugstore chains like Walgreens are facing a downfall.<\/p>\n","protected":false},"author":8,"featured_media":15283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,54],"tags":[572,573,574],"class_list":["post-15281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","category-printed-version","tag-drugstores","tag-pharmacy","tag-wallgreens"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/15281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=15281"}],"version-history":[{"count":1,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/15281\/revisions"}],"predecessor-version":[{"id":15284,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/15281\/revisions\/15284"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/15283"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=15281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=15281"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=15281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}