M&A Deal Summary

Rite Aid Acquires East Hills Family Pharmacy

On June 18, 2019, Rite Aid acquired retailer East Hills Family Pharmacy

Acquisition Highlights
  • This is Rite Aid’s 6th transaction in the Retail sector.
  • This is Rite Aid’s 11th transaction in the United States.
  • This is Rite Aid’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-06-18
Target East Hills Family Pharmacy
Sector Retail
Buyer(s) Rite Aid
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

East Hills Family Pharmacy

Johnstown, Pennsylvania, United States
East Hills Family Pharmacy is a retail pharmacy that provides a wide range of solutions, including brand name and generic prescription drugs, over-the-counter (OTC) medication, and other related products. East Hills Family Pharmacy is based in Johnstown, Pennsylvania.

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Buyer(S) 1

Buyer

Rite Aid

Philadelphia, Pennsylvania, United States
Category Company
Founded 1962
Sector Retail
Employees47,000
Revenue 24.1B USD (2023)
DESCRIPTION

Rite Aid is a drugstore chain. Rite Aid operates through two segments, Retail Pharmacy and Pharmacy Services. Rite Aid was founded in 1962 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 11 of 12
Sector (Retail) 6 of 7
Type (Add-on Acquisition) 10 of 11
State (Pennsylvania) 1 of 1
Country (United States) 11 of 12
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Envision Pharmaceutical Services

Twinsburg, Ohio, United States

Envision Pharmaceutical Services, Inc. is a full-service pharmacy benefit management (PBM) company. EnvisionRx also offers fully integrated mail-order and specialty pharmacy services through Orchard Pharmaceutical Services; access to the nation's largest cash pay infertility discount drug program via Design Rx; an innovative claims adjudication software platform in Laker Software; and a national Medicare Part D prescription drug plan through Envision Insurance Company's EnvisionRx Plus product offering.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-07 Bartell Drugs

Seattle, Washington, United States

Bartell Drugs is a drugstore chain, that operates from 67 locations in King, Snohomish, and Pierce counties. Bartell Drugs was established in 1890 and is based in Seattle, Washington.

Buy $95M
Mergr

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