Amazon possibly buying Rite Pharmacy to get into Pharmacy business??
- Amazon wants to take bigger market share from Pharmacy business.
- Amazon bought PillPack and failed.
- Amazon Partnered with Bartell Drugs to ship medicines within Washington state.
- Rite Aid removed loser Scamley.
- Rite Aid announced Telehealth partnership with Touch Health in July, 2019.
- Amazon started using Telehealth for their employees.
- Rite Aid new store models are similar to Whole Foods or Amazon Fresh.
- Rite Aid bought Bartell Drugs, paid $1.42 million per each store.
- Amazon announced online pharmacy in place of PillPack.
- Amazon shutdown the Haven Joint Venture plans.
- In my opinion, Amazon will buy Rite Aid and Integrate PBM, Medicines Pick up, Amazon Package delivery/pickup, Selling Amazon products at stores, Open the new pharmacies in Whole Foods and expand it to every single state. This is the only best possible option for Amazon to take bigger market share from Pharmacy business.
$CVS Health(CVS)$ $Walgreens Boots Alliance(WBA)$ $Amazon.com(AMZN)$
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