Rite Aid sought to acquire the assets of Canadian company Jean Coutu, which owned the Eckerd and Brooks retail pharmacy chains. Parties agreed to divest 26 stores in seven states.
Various pharmacy firms engaged in collusion regarding New York State’s prescription program for state employees.
State approved the acquisition of several pharmacies by Rite-Aid Corporation, with conditions.
Joint merger investigation with FTC into acquistion by Rite-Aid of Brooks Pharmacies in Maine. Settlement required divestiture of up to five pharmacies and prior notification of Attorney General if Rite-Aid acquired any additional pharmacies in specified communities in the next 10 years.
State sought damages and injunctive relief, alleging that Defendant pharmacies conspired to fix the price of prescription drugs and agreed not to deal with insurers and other third-party payors.