Business & Tech

Report: Walgreens Close to Buying Rite Aid

Several Walgreens and Rite Aid stores are located in the Winchester area.

Walgreens will reportedly buy Rite Aid in a mega-merger of two of the largest drugstore chains in the country.

Walgreens is expected to announce the deal as soon as Wednesday, the Wall Street Journal reported.

Find out what's happening in Winchesterfor free with the latest updates from Patch.

In Massachusetts, Walgreens operates 167 stores, while Rite Aid operates 148 stores. Combined, the stores run more than 13,000 stores in 11 countries.

Winchester does not have a Walgreens or Rite Aid, but several are located in the surrounding towns.

Find out what's happening in Winchesterfor free with the latest updates from Patch.

Both companies are worth a combined $10 billion, the Journal reported.

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