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. Bartell's was believed to be the nation's oldest existing family-owned drugstore chain [2] until it was sold to Rite Aid in 2020. 1890 to 1956 Bartell Drugs was founded in 1890 when George H. Bartell Sr. (1868-1956) purchased the Lake Washington Pharmacy at 2711 South Jackson Street in Seattle's Central District. [3]
Three more Bartell Drugs locations to close
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. 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. 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. The 130-year-old Bartell Drugs has been sold to Pennsylvania-based Rite Aid for $95 million in a deal that the two companies say will preserve the financial standing and brand name for the.
Bartell Drugs urges customers, employees to pitch in for schoolchildren
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.. 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. 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. 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.
Rite Aid to close 154 stores as part of bankruptcy
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. 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.
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. Updated 11:50 AM PST, October 7, 2020. SEATTLE (AP) — Bartell Drugs, one of the oldest companies in Washington state, is being sold to Rite Aid for $95 million. The 67-store regional drugstore chain has been owned by the same family since its founding in Seattle's Central District in 1890. The companies announced the deal on Wednesday.
Difficult times Bartell Drugs closes its Auburn store Auburn Reporter
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 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.
