Rite Aid Mergers and Acquisitions Summary

Retail Company

Rite Aid has acquired 12 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Rite Aid’s largest acquisition to date was in 1996, when it acquired Thrifty PayLess for $2.3B. It’s largest disclosed sale occurred in 2000, when it sold PCS Health Systems to JLL Partners for $1.0B. Rite Aid has acquired in 11 different US states. The Company’s most targeted sectors include retail (55%) and healthcare services (28%).

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M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity11
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

Rite Aid Corp.

30 Hunter Lane,
Camp Hill, Pennsylvania 17011
United States,
(717) 761-2633
www.riteaid.com

Rite Aid Corp. is a drugstore chain with approximately 4,600 stores in 31 states and the District of Columbia. Rite Aid was formed in 1927 and is based in Camp Hill, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 10 - - - 1 - 11
vol $5.9B $5.9B
Sell (0.0/yr) # 1 - - - - - 1
vol $1.0B $1.0B
  12

Most Recent M&A

Company Date Value Type
East Hills Family Pharmacy 2019-06-18 - Add-on Acquisition
Johnstown, Pennsylvania · www.easthillsfamilypharmacy.co
Envision Pharmaceutical Services, Inc. 2015-06-24 2.0B USD Add-on Acquisition
Twinsburg, Ohio · www.envisionrx.com
RediClinic LLC 2014-04-10 - Add-on Acquisition
Houston, Texas · www.rediclinic.com
Health Dialog Services Corp. 2014-04-01 - Add-on Acquisition
Boston, Massachusetts · www.healthdialog.com
PCS Health Systems Inc. 2000-07-12 1.0B USD Divestiture
Scottsdale, Arizona · www.pcshs.com
PCS Health Systems Inc. 1998-11-18 1.5B USD Divestiture
Scottsdale, Arizona · www.pcshs.com
Harco, Inc. 1997-07-21 - Add-on Acquisition
Tuscaloosa, Alabama
K&B, Inc. 1997-07-21 - Add-on Acquisition
New Orleans, Louisiana
Thrifty PayLess, Inc. 1996-10-14 2.3B USD Add-on Acquisition
Los Angeles, California
Perry Drug Stores, Inc. 1994-12-28 132M USD Add-on Acquisition
Pontiac, Michigan
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Payless Drug Stores, Inc. 1994-04-20 Senior Pharmacy LLC 2008-08-04 1
Portland, Oregon · www.paylessdrug.com Eugene, Oregon

M&A by Sector

Sector Buy # Value Sell # Value
Retail 6 (55%) 2.4B (41%) - -
Healthcare Services 3 (27%) 1.5B (25%) 1 (100%) 1.0B (100%)
Food 1 (9%) - - -
Medical Products 1 (9%) 2.0B (34%) - -
Total 11 $5.9B 1 $1.0B

By Geo

State/Country Buy Value Sell Value
United States 11 5.9B 1 1.0B
  Arizona 1 1.5B 1 1.0B
  Texas 1 - - -
  Pennsylvania 1 - - -
  Oregon 1 - - -
  Ohio 1 2.0B - -
  New York 1 - - -
  Michigan 1 132M - -
  Massachusetts 1 - - -
  Louisiana 1 - - -
  California 1 2.3B - -
  Alabama 1 - - -
Total 11 $5.9B 1 $1.0B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
> $1B 3 $5.8B
$100M to $1B 1 $132M
TOTAL $5.9B
Largest Thrifty PayLess, Inc.
$2.3B (1996-10-14)
sell # Total
> $1B 1 $1.0B
TOTAL $1.0B
Largest PCS Health Systems Inc.
$1.0B (2000-07-12)

M&A Connections

Deals %
Acquired from
PE Firm(s)
67%
2 67%
Strategic(s)
33%
1 33%
Divested to
PE Firm(s)
50%
1 50%
Strategic(s)
50%
1 50%

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