1. Combined Albertsons–Rite Aid Projects $83 Billion in 2018 Revenue
11/14/2018
Health Strategies Group
Author/Artist
Combined Albertsons–Rite Aid Projects $83 Billion in 2018 Revenue
Albertsons gains a significant geographic presence and enhances its pharmacy and wellness capabilities, while Rite Aid finally gets acquired after its failed attempt to sell itself to Walgreens in 2017.
The deal also allows Albertsons to enter the public market, after it pulled its IPO last year when Amazon acquired Whole Foods.
The deal is another instance of the current trend of consolidation of retail and healthcare markets.
Note: Financial figures reflect LTM Q3’17 ended December 2, 2017 and statistics are as of Q317 ended December 2, 2017.
1Rite Aid information is pro forma for its store divestitures to WBA. This merger will not impact Rite Aid’s obligations under its asset purchase agreement with WBA.
Source: Drug Store News. Retrieved from Accessed February 16, 2018; Health Strategies Group, Leading Health Plans and PBMs, February 2018.
Rite Aid1
Albertsons
Combined Organization Will:
Serve 40 million customers per week by operating:
~4,900 locations, including 4,350 pharmacies
~320 clinics across 38 states and Washington, D.C.
Rebrand Albertsons pharmacies as Rite Aid
Leverage Rite Aid’s EnvisionRxOptions for customer growth and a strong pharmacy network
2,323 stores in 35 states
102 million scripts per year (1,776 in-store pharmacies)
Ranked first or second in 66% of 122 MSAs
$60 billion in sales
$11 billion in own brand sales
%24 million customers per week
2,569 stores in 19 states
221 million scripts per year2
Full service PBM (EnvisionRxOptions) with ~22 million lives covered across all business
$16 billion in retail pharmacy and $6 billion in EnvisionRx sales, respectively
Wellness+ loyalty program (12 million members)
7 million customers per week