"Ultimately, like many elements of the health care market...

... two is better than three. I do think for the drugstores as a whole, given how concentrated the PBM landscape is, it made sense for one of the two players to take out [Rite Aid]. In our mind, a consolidated network given how there has been a bias toward narrow networks makes a ton of sense."

— Evercore ISI Senior Managing Director and Partner Ross Muken told a recent webinar audience when discussing the proposed acquisition of Rite Aid Corp. by Walgreens Boots Alliance