Brooks Eckerd
Encyclopedia
Brooks Eckerd Pharmacy was a chain of approximately 2,000 pharmacies operating in 18 states on the Eastern half of the United States
in Midwest
, Southeast
and East Coast
regions. It was the 4th largest drugstore chain in the country. In June 2007 Brooks Eckerd Pharmacy became Rite Aid
.
from its parent J.C. Penney
and merged it with Brooks Pharmacy
, Jean Coutu's other pharmacy. Brooks Eckerd was a unit of the Quebec
-based Jean Coutu Group
. The corporate headquarters was located in Rhode Island
.
On August 23, 2006, the Wall Street Journal announced that Rite Aid
would be buying the Eckerd Pharmacy
and Brooks Pharmacy
chains from the Quebec-based Jean Coutu Group
for US$3.4 billion. The deal closed on June 4, 2007.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
in Midwest
Midwestern United States
The Midwestern United States is one of the four U.S. geographic regions defined by the United States Census Bureau, providing an official definition of the American Midwest....
, Southeast
Southeastern United States
The Southeastern United States, colloquially referred to as the Southeast, is the eastern portion of the Southern United States. It is one of the most populous regions in the United States of America....
and East Coast
East Coast of the United States
The East Coast of the United States, also known as the Eastern Seaboard, refers to the easternmost coastal states in the United States, which touch the Atlantic Ocean and stretch up to Canada. The term includes the U.S...
regions. It was the 4th largest drugstore chain in the country. In June 2007 Brooks Eckerd Pharmacy became Rite Aid
Rite Aid
Rite Aid is a drugstore chain in the United States and a Fortune 500 company headquartered in East Pennsboro Township, Pennsylvania, near Camp Hill. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S....
.
History
Brooks Eckerd Pharmacy was created when Jean Coutu purchased EckerdEckerd
Eckerd Corporation was an American drug store chain that was headquartered in Largo, Florida, and toward the end of its life, in Warwick, Rhode Island....
from its parent J.C. Penney
J.C. Penney
J. C. Penney Company, Inc. is a chain of American mid-range department stores based in Plano, Texas, a suburb north of Dallas. The company operates 1,107 department stores in all 50 U.S. states and Puerto Rico. JCPenney also operates catalog sales merchant offices nationwide in many...
and merged it with Brooks Pharmacy
Brooks Pharmacy
Brooks Pharmacy was a chain of more than 330 pharmacies located throughout New England and New York and has been a well-recognized name in the New England pharmacy industry for several decades. The corporate headquarters were located in Warwick, Rhode Island...
, Jean Coutu's other pharmacy. Brooks Eckerd was a unit of the Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
-based Jean Coutu Group
Jean Coutu Group
The Jean Coutu Group Inc. is a Canadian drugstore chain headquartered in Longueuil, Quebec. It has more than 360 franchised locations in New Brunswick, Ontario and Quebec under the PJC Jean Coutu, PJC Clinique and PJC Santé Beauté banners...
. The corporate headquarters was located in Rhode Island
Rhode Island
The state of Rhode Island and Providence Plantations, more commonly referred to as Rhode Island , is a state in the New England region of the United States. It is the smallest U.S. state by area...
.
On August 23, 2006, the Wall Street Journal announced that Rite Aid
Rite Aid
Rite Aid is a drugstore chain in the United States and a Fortune 500 company headquartered in East Pennsboro Township, Pennsylvania, near Camp Hill. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S....
would be buying the Eckerd Pharmacy
Eckerd
Eckerd Corporation was an American drug store chain that was headquartered in Largo, Florida, and toward the end of its life, in Warwick, Rhode Island....
and Brooks Pharmacy
Brooks Pharmacy
Brooks Pharmacy was a chain of more than 330 pharmacies located throughout New England and New York and has been a well-recognized name in the New England pharmacy industry for several decades. The corporate headquarters were located in Warwick, Rhode Island...
chains from the Quebec-based Jean Coutu Group
Jean Coutu Group
The Jean Coutu Group Inc. is a Canadian drugstore chain headquartered in Longueuil, Quebec. It has more than 360 franchised locations in New Brunswick, Ontario and Quebec under the PJC Jean Coutu, PJC Clinique and PJC Santé Beauté banners...
for US$3.4 billion. The deal closed on June 4, 2007.