Latest News Updates From Ike Swetlitz

Business, Private, Top 100

CVS Bids for Rite Aid Stores in Pacific Northwest

CVS Health is trying to buy stores and patient data from Rite Aid, the beleaguered pharmacy chain that is going out of business after filing for bankruptcy a second time earlier this month.

May 15, 2025
Business, Private, Top 100

Walgreens Going Private in $10 Billion Sycamore Deal

The offer, a roughly 8% premium to Walgreens’ closing price March 6 in New York, will turn one of the oldest, most recognizable U.S. drugstore chains into a private company.

March 6, 2025
Business, Logistics, Private, Global Freight, Top 100, Top 50

Walgreens Shares Soar 28% After Sales Beat Forecasts

Revenue came to $39 billion for the fiscal quarter ended in November, driven by higher prices for branded drugs and prescription volumes at the company’s U.S. retail pharmacy division.

January 10, 2025