M&A Deal Summary

Rite Aid Acquires Harco

On July 21, 1997, Rite Aid acquired retailer Harco

Acquisition Highlights
  • This is Rite Aid’s 5th transaction in the Retail sector.
  • This is Rite Aid’s 6th transaction in the United States.
  • This is Rite Aid’s 1st transaction in Alabama.

M&A Deal Summary
Date 1997-07-21
Target Harco
Sector Retail
Buyer(s) Rite Aid
Deal Type Add-on Acquisition

Target

Harco

Tuscaloosa, Alabama, United States
Harco, Inc. is a retail drug store company.

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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 6 of 12
Sector (Retail) 5 of 7
Type (Add-on Acquisition) 6 of 11
State (Alabama) 1 of 1
Country (United States) 6 of 12
Year (1997) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-21 K&B

New Orleans, Louisiana, United States

K&B, Inc. is a chain of retail drugstores.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-18 PCS Health Systems

Scottsdale, Arizona, United States

PCS Health Systems, Inc. is a pharmacy benefit manager, providing drug and health management solutions for health plans and patients. As America's premier pharmaceutical care system, PCS works to encourage proper drug use and helps to lower the cost of drugs for its clients. PCS manages and monitors approximately 300 million individual prescriptions each year representing $10 billion in drug expenditures.

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