Bartell Drugs, a local, familyowned business for 130 years, to be sold
The deal to buy a regional drugstore chain fits Rite Aid's effort to compete for mid-market businesses and employers looking to buy pharmacy and healthcare services as well as drug benefits through.
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Who owns Bartell Drugs? Bartell Drugs is owned by Rite Aid, a leading pharmacy chain in the United States. When was Bartell Drugs founded? Bartell Drugs was founded in 1890 by George H. Bartell Sr. Let us help you with this nao Book an Appointment Posted By: Grace Bautista
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Paul Roberts Seattle Times business reporter After months of pandemic-related financial strain and years of uncertainty over its future, Bartell Drugs, one of the oldest companies in Washington.
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Bartell Drugs was founded in 1890 when 21-year-old pharmacist George H. Bartell Sr. purchased a small pharmacy in Seattle's Central District, according to the Bartell website. In 2020, Rite Aid.
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On October 7, 2020, both Bartell Drugs and Rite Aid announced the news of the $95 million sale, which was expected to be completed in December. The Pennsylvania-based Rite Aid operated 2,400 stores in 18 states, with 69 stores in the Puget Sound region. Rite Aid was not without its own financial issues, but these took a back seat to the sunny.
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Bartell Drugs. Seattle, Washington. Bartell Drugs Company Stats. As of August 2022. Industry Drugs & Biotechnology Founded 1890 Headquarters Seattle, Washington Country/Territory United States CEO
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Rite Aid (NYSE: RAD) and Bartell Drugs today announced they have entered into a definitive agreement under which Rite Aid will acquire Bartell Drugs. This press release features multimedia..
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Rite Aid's $95 million acquisition of Seattle-based Bartell Drugs in early October symbolized what has become a frenzy of merger and acquisition activity among family-owned businesses during the.
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By Rob Smith October 7, 2020 Struggling Rite Aid Corp. has purchased Seattle's iconic Bartell Drugs for $95 million. Bartell, which has been family-owned since its launch in 1890, employs more than 1,700, operates 67 stores throughout the Puget Sound region and generated more than $550 million in revenue last year.
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Oct 7, 2020 Bartell Drugs announced Wednesday that the 130-year-old family-run business will be acquired by Pennsylvania-based Rite Aid for $95 million. Bartell Drugs will continue to.
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CAMP HILL, Pa. & SEATTLE-- ( BUSINESS WIRE )--Rite Aid (NYSE: RAD) and Bartell Drugs today announced they have entered into a definitive agreement under which Rite Aid will acquire Bartell.
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CAMP HILL, Pa. and SEATTLE - October 7, 2020 - Rite Aid (NYSE: RAD) and Bartell Drugs today announced they have entered into a definitive agreement under which Rite Aid will acquire Bartell Drugs.
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Seattle, WA ». 45°. Rite Aid, which owns Bartell Drugs, filed for bankruptcy protection and plans to sell part of its business as it tries to restructure while dealing with losses.
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George D. Bartell, co-owner and chairman of the company his grandfather founded in 1890, told the Seattle Times the company believed the acquisition was the "only answer" because it was getting.
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Rite Aid, which owns 58 Bartell Drugs and 36 Rite Aid stores locally, filed for Chapter 11 bankruptcy last Sunday and announced that it will close underperforming stores while it reorganizes. The.
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Bartell Drugs, which is being acquired by Rite Aid Corp for $95 million, will remain a subsidiary company, a Bartell Drugs spokesperson said. The Bartell Drugs brand name will remain intact. A Bartells spokesperson declined comment on the changes because the deal has not yet been finalized.
