Rite Aid - M&A Summary and Business Overview

RetailCompany

Rite Aid M&A Summary

Rite Aid has acquired 13 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

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 12 different US states. The Company’s most targeted sectors include retail (59%) and healthcare services (25%).

Rite Aid Business Overview

Where is Rite Aid headquartered?

Rite Aid is headquartered in Philadelphia, Pennsylvania.

What is Rite Aid’s revenue?

Rite Aid disclosed revenue of 24,568M USD for 2022 and 24,043M USD for 2021.

How many employees does Rite Aid have?

Rite Aid has 53,000 employees.

What sector is Rite Aid in?

Rite Aid is a retail company.

When was Rite Aid founded?

Rite Aid was founded in 1962.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity12
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

Rite Aid

Rite Aid Corp.

1200 Intrepid Avenue Second Floor,
Philadelphia, Pennsylvania 17011
United States,
www.riteaid.com

Rite Aid is a drugstore chain with approximately 4,600 stores in 31 states and the District of Columbia. Rite Aid was founded in 1962 and is based in Camp Hill, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 11 1 - - - - 12
vol $5.9B $95M $6.0B
Sell (0.2/yr) # 1 - - - - 1 2
vol $1.0B $1.0B
  14

Most Recent M&A

Company Date Value Type
Health Dialog Services Corp. 2024-03-06 - Divestiture
Boston, Massachusetts · www.healthdialog.com
Bartell Drugs 2020-10-07 95M USD Add-on Acquisition
Seattle, Washington · www.bartelldrugs.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 7 (58%) 2.5B (42%) - -
Healthcare Services 3 (25%) 1.5B (25%) 2 (100%) 1.0B (100%)
Food 1 (8%) - - -
Medical Products 1 (8%) 2.0B (33%) - -
Total 12 $6.0B 2 $1.0B

By Geo

State/Country Buy Value Sell Value
United States 12 6.0B 2 1.0B
  Arizona 1 1.5B 1 1.0B
  Massachusetts 1 - 1 -
  Louisiana 1 - - -
  California 1 2.3B - -
  Alabama 1 - - -
  Washington 1 95M - -
  Texas 1 - - -
  Pennsylvania 1 - - -
  Oregon 1 - - -
  Ohio 1 2.0B - -
  New York 1 - - -
  Michigan 1 132M - -
Total 12 $6.0B 2 $1.0B

Top M&A Advisors

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

Deal Values

buy # Total
> $1B 3 $5.8B
$100M to $1B 1 $132M
< $100M 1 $95M
TOTAL $6.0B
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
Investor(s)
8%
1 (8%)
Strategic(s)
8%
1 (8%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
100%
2 (100%)

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