The acquisition from Canada's Jean Coutu Group remains underreview by the Federal Trade Commission. The impact of the deal onRite Aid's business remains unknown, Mary Sammons, the company'schief executive, said in a conference call with analysts.
"All of the networks are based upon individual contracts withpayers and changes are unlikely to occur in the short-term sincemost are at least three-year agreements," she says.
The nation's third largest pharmacy chain, which operates 3,322stores in 27 states, has been struggling with losses the past twoyears as it faced tough competition from other drug store chainsand major retailers.
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