M&A Deal Summary

Rite Aid Acquires K&B

On July 21, 1997, Rite Aid acquired retailer K&B

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 Louisiana.

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

Target

K&B

New Orleans, Louisiana, United States
K&B, Inc. is a chain of retail drugstores.

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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 (Louisiana) 1 of 1
Country (United States) 6 of 12
Year (1997) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-21 Harco

Tuscaloosa, Alabama, United States

Harco, Inc. is a retail drug store company.

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.

Buy $1.5B
Mergr

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