Walgreens

Safeway owner Albertsons eyes Rite Aid deal in health care push

Safeway owner Albertsons eyes Rite Aid deal in health care push

The owner of Safeway and other grocery brands is buying Rite Aid, including 44 of the drugstore chain’s Maryland stores, as retailers continue to plunge deeper into health care and adjust to swiftly changing shopping habits.

Albertsons Cos, one of the nation’s largest food retailers with more than 2,300 stores in 35 states, said Tuesday it will fold more than 2,500 Rite Aid stores in 19 states into its portfolio of brands, positioning the combined company to become “a leader in food, health and wellness.”

The merged company will have more than 4,300 pharmacies, a stronger presence on both coasts and about $83 billion in annual sales.

The deal does not include Rite Aid...

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