Rite Aid To Buy Eckerd, Brooks Stores

sbl_admin · 08-24-2006, 08:24 AM

The third largest drug chain in the country said it will purchase the US Eckerd and Brooks operation of Canada's Jean Coutu Group, Inc. for about $2.55 billion in cash and stock.

SBCmetroguy · 08-25-2006, 11:16 PM

So there were other Eckerd stores not included in the recent buyout by CVS? If you'll recall, just a couple years back Eckerd, which was owned by the JC Penney company, was purchased by CVS. Maybe these are just Eckerd stores in Canada included in this buyout by Rite-Aid.

sbl_admin · 08-25-2006, 11:37 PM

Is it just me, or does it seem like there are new Pharmacies popping up all over town lately ? must be big business that prescription medicine

SBCmetroguy · 08-28-2006, 09:54 PM

Quote:

Originally Posted by sbl_admin

Is it just me, or does it seem like there are new Pharmacies popping up all over town lately ? must be big business that prescription medicine

It's just you.

Just kidding.

Look at the corner of Pines and W. 70th as a prime example of how extreme the competition is. On one corner you have a Circle-K, on another corner a Walgreen's, on another a Rite-Aid, and on another a CVS. The Circle-K is the only non-pharmacy business at that intersection.

Even Haughton now has a sign, across from the McDonald's, advertising a CVS coming soon. North Bossier just got a new Walgreen's, 1 mile down the road from the existing one on Airline Drive, and CVS is building where Grandy's used to be at the corner of Airline and E. Texas.

Competition among the large pharmaceutical chains is intense.

08-24-2006, 08:24 AM	#1
sbl_admin Administrator Join Date: Apr 2006 Location: Shreveport, LA Posts: 1,965 Rep Power: 253	Rite Aid To Buy Eckerd, Brooks Stores The third largest drug chain in the country said it will purchase the US Eckerd and Brooks operation of Canada's Jean Coutu Group, Inc. for about $2.55 billion in cash and stock.

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08-25-2006, 11:16 PM	#2
SBCmetroguy Member Join Date: Aug 2006 Posts: 28 Rep Power: 0	So there were other Eckerd stores not included in the recent buyout by CVS? If you'll recall, just a couple years back Eckerd, which was owned by the JC Penney company, was purchased by CVS. Maybe these are just Eckerd stores in Canada included in this buyout by Rite-Aid.

08-25-2006, 11:37 PM	#3
sbl_admin Administrator Join Date: Apr 2006 Location: Shreveport, LA Posts: 1,965 Rep Power: 253	Is it just me, or does it seem like there are new Pharmacies popping up all over town lately ? must be big business that prescription medicine

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