Scar. Theyre still a brand. Merger Of Drugstore Giants Changes Course Hot. Rite aid walgreens . Likewise people ask did Walgreens buy Rite Aid 2019. Rite Aid contacted a number of landlords in 2009 in an effort to obtain the rental franchise to improve the bottom line. And even if Walgreens is a bit. Rite Aids a cheaper stock but Walgreens is still trading at fairly low multiples to book value and sales. And 4247 billion in net income on February 28 2017 has the resources to cover Rite Aid. In all Walgreens is buying 1932 stores and three distributions centers from Rite Aid for nearly 44 billion in cash. Rite Aid still exists. Why Walgreens Needs Rite Aid The problem at Rite Aid is that its revenues are not growing fast enough to cover expenses. 1-800-RITE-AID 1-800-748-3243 Hearing or Speech Disabled Dial 711 to reach us thru National Telecommunications Relay. At the end of last year the company had given guidance for revenue of 239 billion to 242. 3 Rit