In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Rite Aid’s appeal to Walgreen Boots Alliance can be summed up in just word: revenue. Walgreen gets an extra $32.64 billion in potential revenue; for an investment of just $9.14 billion, which sounds like a pretty good deal to me.
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Turning the clinics over to others proves Walgreens is a good company. It is getting out of a business far from its area of expertise, drugs and retail, yet doing it in a way that does not drive customers away.
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