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Eckerd Corporation was an American pharmacy retail chain that was headquartered in Largo, Florida, [1] and toward the end of its life, in Warwick, Rhode Island. [2] At its peak, Eckerd was the second-largest pharmacy chain in the United States, with approximately 2,802 stores in 23 states as far west as Arizona .
In 1968, Jack and Ruth Eckerd founded Eckerd Youth Alternatives (known simply as "Eckerd Kids"), a private, not-for-profit organization dedicated to strengthening children, families and communities, using an Outdoor Therapeutic Program model that included opening the first OTP in the state of Florida for boys in 1968 and the first OTP for girls ...
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 ...
To comply with FTC antitrust regulations, some Brooks/Eckerd locations within a mile of a Rite Aid store were sold to another pharmacy company, such as CVS/pharmacy or Walgreens, or were closed. Brooks' parent The Jean Coutu Group (PJC) USA, Inc. remained an active in-name-only subsidiary of Rite Aid, as shown in the latter company's October ...
Eckerd may refer to: Eckerd Corporation (Eckerd Pharmacy), former American drugstore chain; Eckerd College, private liberal arts college in St. Petersburg, Florida, United States Eckerd College Search and Rescue, a student volunteer maritime search and rescue team; Eckerd Tritons, an intercollegiate sports team representing Eckerd College
In the second quarter of 2005, the company recorded a $19.7 million US foreign exchange loss on items related to the Eckerd acquisition. On August 24, 2006, Rite Aid announced that it would acquire 1,858 Jean Coutu's Eckerd and Brooks U.S. operations for $1.45 billion in cash and issuing stock, giving Jean Coutu a 32% equity stake in Rite Aid. [6]
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