Selling your independent, multiple store, or chain pharmacy to Rite Aid is a smart choice for you and your employees. Whether you’re currently considering a sale because you plan to retire, relocate, or change careers, or due to decreasing reimbursement rates and increasing operating costs, we can help you arrive at a fair price and find suitable opportunities for your employees.
Most of the Rite Aid Pharmacy Acquisition Team members are former pharmacy owners. That means we are in a unique position to understand the challenges independent owners face on a daily basis. Our team members are also all pharmacists, so they are up-to-date on the most recent changes in the industry and the profession.
We are confident that if you speak with any former pharmacy owners who have sold to Rite Aid you will find they were treated fairly and respectfully. Rite Aid Acquisition Directors will guide you through the entire process and support you from start to finish. We are knowledgeable about each state’s requirements pertaining to the sale and closing of a pharmacy and ensure that all required notifications to State Boards of Pharmacy and the DEA, record transfers, and HIPAA-compliant transactions are made following stringent guidelines.
Your business means a lot to you, which is why we will work with you to maximize its value. Our CPAs and attorneys will even structure financial arrangements so they best benefit your particular tax situation.
Not ready to leave the pharmacy world entirely? Many former pharmacy owners are currently working for Rite Aid, enjoying the many benefits available to our employees without having the rigorous demands of running a small business.
"Selling a business is a stressful and nerve-wracking experience. The Rite Aid team made this transition extremely easy. They were very accommodating and were able to address any questions and concerns we had during the acquisition process."
-Kendall Pharmacy, Ithaca, MI
"I felt comfortable working with Rite Aid from the moment we first talked on the phone. Selling this location to Rite Aid was the best decision I made in 2019 for myself and my other businesses. From start to finish you guided me through the process with honesty. I appreciated the ease to which you made this transition happen for myself, my employees and, most importantly, my customers."
-Lake Spokane Pharmacy, Spokane, WA
"For all the pharmacies seeking to sell their businesses, Rite Aid was exceptional in their performance required for the transition. They were professional, honest, courteous, and supportive throughout the entire process. I was pleased they were able to provide employment for my employees and responded to all of my requests as needed. The company demonstrated tremendous effort to provide the attention and care my customers needed. It was a great opportunity dealing with Rite Aid."
-Asmar Community Pharmacy, El Cajon, CA
"The process of selling our pharmacy was a very emotional event for us. It can be a mix of excitement, fear, worry, relief, sadness and letting long-time customers down. We had a store that delivered 15 years of a consistent, fast, friendly, full-service pharmacy. I really appreciated the way Rite Aid handled our transaction. Everything they said from the beginning was exactly how it went, smoothly and professionally. For this reason we chose Rite Aid over others to entrust our patients’ records to."
-Tuminaro Pharmacy, Hopewell Junction, NY
"Selling my pharmacy was a very stressful time. After 39 years it’s difficult to let go. The Rite Aid representative not only made this process as painless as possible; he was always available to answer any last minute questions I had. I must say he made the entire transaction 'seamless.'"
-Slater Pharmacy, Lake Ronkonkoma, NY