Albertsons Announces Rite Aid Merger

Boise-based grocery Albertsons announced they will be purchasing the remainder of Rite Aid’s drugstore chain. In efforts to build their online presence and compete with retail giant Amazon, Albertsons is planning to rebrand their in-house pharmacies.

“We don’t yet have a store list,” said Chris Wilcox, Vice President of Communications, Public Affairs, and Education for Albertsons. “It’s still fairly early on, so we have a lot of work to do yet. We will likely update the investor [web] page with new info as it becomes available, but I don’t know that we would publish a complete store list. Store lists aren’t something that we typically share even under standard operating conditions.”[1]

Under the new deal, current Rite Aid Chairman and Chief Executive Officer John Standley will become CEO of the combined company, with Albertsons Chairman and CEO Bob Miller serving as Chairman.

The combined company expects to operate approximately 4,900 locations, 4,350 pharmacy counters, and 329 clinics in 38 states and Washington, D.C. They anticipate revenues of $83 billion in 2018, according to a joint statement.[2]

 

[1] http://www.omakchronicle.com/news/2018/feb/27/albertsons-rite-aid-merger-announced/

[2] https://www.businesswire.com/news/home/20180220005785/en/Albertsons-Companies-Rite-Aid-Merge-Create-Food

Follow us on social media for the latest updates in B2B!

Image

Latest

AI data center
Power, Cooling, and Risk: What It Takes to Bring a 100MW AI Data Center Online
March 28, 2026

The industry knows how to build data centers. What it’s still figuring out is how to turn on AI factories at scale. With facilities now crossing 100 megawatts—far beyond the 5 to 10 megawatt norm of traditional builds—operators are no longer just validating equipment. They’re testing whether entire systems—power, cooling, controls, and the teams behind…

Read More
beauty
Building Beauty for Real Women: Why Brands Must Focus on Longevity, Not Hype
March 25, 2026

Walk into any beauty aisle—or scroll through your feed for five minutes—and it’s clear the industry is obsessed with what’s new. New formulas, new trends, new “rules.” But for many women, especially those who’ve been using makeup for decades, the question isn’t what’s new—it’s what actually works. And increasingly, the answer isn’t coming from the…

Read More
Physician
Fixing the Physician Experience: Why Advocacy Is Healthcare’s Next Frontier
March 25, 2026

Physician burnout has become a defining challenge in healthcare, with research showing that a substantial portion of clinicians—anywhere from roughly a quarter to over half—experience emotional exhaustion, driven more by systemic pressures like administrative burden and reduced autonomy than by individual resilience alone. As healthcare systems face growing staffing shortages and rising patient demand, the…

Read More
career
From Starting Over In A New Country To Reaching The C-Suite: A CFO’s Career Comeback
March 25, 2026

Global mobility is reshaping the modern workforce, with millions of professionals relocating each year in pursuit of opportunity, stability, or growth. Yet behind the headlines of talent migration lies a quieter, more difficult truth: restarting a career from scratch—even after years of success—is far more common than people expect. In fact, many skilled immigrants…

Read More