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Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles–based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired the Kmart subsidiary PayLess Drug Stores Northwest, Inc. [1] At the time ...
In June 2007, a 109-year-old retail legacy came to an end. Rite-Aid Corporation completed its acquisition of Eckerd Pharmacy by purchasing Jean Coutu USA for $2.3 billion in cash plus $1 billion ...
Bi-Mart: Bi-Mart's parent company, Thrifty PayLess was sold to Rite Aid in October 1996 for $1.3 billion. [31] Rite Aid sold Bi-Mart to Endeavour Capital in 1997. [32] By 2004, Endeavour Capital transferred ownership of the company to its employees through an employee stock ownership plan. [32] The chain is last operating former Pay n' Save ...
[16] [17] A sixth Seattle store in Lower Queen Anne, the chain's only 24-hour pharmacy in the city, closed in September 2023. [ 18 ] On October 15, 2023, amid several opioid lawsuits and legal battles, Rite Aid filed a petition under Chapter 11 of the United States Bankruptcy Code in the United States District Court for the District of New ...
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Nov. 24—Rite Aid will close its store in downtown Spokane Dec. 6, the company announced a month after filing for bankruptcy, leaving some residents with few nearby options for prescriptions or ...
On August 23, 2006, The Wall Street Journal announced that Rite Aid would acquire the U.S. subsidiary of Quebec-based Jean Coutu Group, including 1,858 Eckerd Pharmacy and Brooks Pharmacy stores, for US$3.4 billion in cash and issuing stock, which would also give Jean Coutu a 32% equity stake in Rite Aid.
LECOM Health, the hospital's parent organization, operates medical offices near each Rite Aid pharmacy: Eastside Medical Center, 2625 Parade St., and Plaza 18 Medical Center, 537 W. 18th St.