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Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

February 21, 2018 Bisnow

Albertsons Cos. To Merge With

Rite Aid, Create $24B Company

Grocer Albertsons Cos. will acquire the remaining portion of drugstore operator Rite Aid in a deal that will create a combined leader in the food, health and wellness space. Combined, the two companies are worth $24B, including debt, and together they are expected to bring in more than $83B in revenue. The merged company will oversee a portfolio of 4,900 stores and 4,300 pharmacies across 38 states and Washington, D.C.

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