Rite Aid seems to have gone extinct in my area. After the PE group bleeds Walgreen’s to death, who is left? CVS?
Steve
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Heck no! CVS also lacks sufficient habituated customers. How about Yum! brands with KFC Pizza Hut Taco Bell take over?
Walgreens must be in worse financial/managerial failure than is generally known to the public.
CVS owns their own PBM, so the stores are just dispensaries for the profit generated by buy-low/sell high. However, the competition AND the govt (including Medicare) have a ring around CVS’s neck, so they can’t choke down the really big profits due to the govt ring not allowing it to go down.
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Are you sure that will not magically go away?
Steve
Might try, but it will bite big time when the price of prescriptions goes sky high–causing a mega die-off of older conservative voters in a short time period. Then the ring will be put back OR the heads cut off the drug networks as the federal govt establishes a national buying strategy for all drugs used in the US. You know, like all the other countries.