The Kroger Co. agreed on May 15, 2025, to acquire pharmacy assets from more than 1,000 Rite Aid store locations. This acquisition is part of Rite Aid's bankruptcy proceedings, with other major retailers like CVS Pharmacy, Walgreens, and Albertsons also participating in separate transactions.
This strategic move allows Kroger to expand its pharmacy footprint and market share by integrating assets from a distressed competitor. The acquisition is expected to enhance Kroger Health's presence and service capabilities in various communities.
The purchase of these pharmacy assets represents an opportunity for Kroger to grow its healthcare division. It will enable the company to serve more patients and potentially increase its prescription drug volume.
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