Rite Aid and Albertsons say their future as a combined company includes ample space in Albertsons’ many grocery stores to expand health and wellness including Rite Aid’s RediClinics.
Fred’s Inc. said CVS Health is buying its specialty pharmacy business EntrustRx for $40 million amid the retailer’s effort to execute a financial turnaround.
Fred’s plans to sell its specialty pharmacy business should get plenty of interest from bidders given rampant consolidation among retail drugstore chains.
A year after failing to buy hundreds of Rite Aids, Fred’s is evaluating options for its own retail pharmacy portfolio and “actively pursuing a sale” of its specialty pharmacy business.
The share specialty drugs have of total U.S. pharmaceutical sales nears 50% as President Trump prepares to unveil proposals to curtail drug prices.