Rite Aid

Rite Aid expands no-Rx access to naloxone

Rite Aid expands no-Rx access to naloxone

CAMP HILL, Pa. — Rite Aid Corp. is has made the opioid overdose antidote naloxone available without a prescription in six more states. The drug chain said Wednesday that more than 630 Rite Aid pharmacies in Georgia, Louisiana, Tennessee, Utah, Virginia and West Virginia now offer naloxone without a requiring a doctor’s prescription, subject to

Fred’s readies funding to buy more Rite Aid stores

Fred’s readies funding to buy more Rite Aid stores

MEMPHIS, Tenn. — Fred’s Inc. has amended a revolving credit facility in the event that it must acquire additional Rite Aid stores in connection with the pending Walgreens-Rite Aid merger. According to a filing with the Securities and Exchange Commission, Fred’s is increasing its revolving loan commitment to $225 million from $150 million. Among other

Jury still out on WBA-Rite Aid merger deal

Jury still out on WBA-Rite Aid merger deal

WASHINGTON — The acquisition of Rite Aid Corp. by Walgreens Boots Alliance (WBA) Inc. remained unconsummated after WBA’s plan to divest 865 stores failed to erase antitrust regulators’ competitive concerns. When the Friday, January 27, deadline for completing the Walgreens-Rite Aid merger deal arrived, the Federal Trade Commission still hadn’t cleared the transaction, despite the

Costco inks 90-day scripts pact with Rite Aid’s EnvisionRx

Costco inks 90-day scripts pact with Rite Aid’s EnvisionRx

TWINSBURG, Ohio, and ISSAQUAH, Wash. — Costco Wholesale Corp. plans to offer a 90-day maintenance medication program through its pharmacies under an agreement with EnvisionRx, a pharmacy benefit management subsidiary of Rite Aid Corp. The companies said Thursday that Costco will participate in EnvisionRx’s Rx90 prescription drug program. Rx90 enables patients to fill 90-day prescriptions

Fred’s finishes fiscal year with sales declines

Fred’s finishes fiscal year with sales declines

MEMPHIS, Tenn. — Sales continued to slide at Fred’s Inc., as the discount and pharmacy retailer reported decreases for its fiscal 2016 fourth quarter and full year and January 2017. Fred’s said Thursday that January sales totaled $148.1 million, down 5.6% from $156.9 million a year earlier. Same-store sales for the month fell 4.8%, compared

Fred’s: Deal to buy Rite Aid stores still in effect

Fred’s: Deal to buy Rite Aid stores still in effect

MEMPHIS, Tenn. — Fred’s Inc. has reaffirmed its $950 million deal to buy 865 Rite Aid stores to be divested for antitrust clearance of Walgreens Boots Alliance’s pending acquisition of Rite Aid Corp. Fred’s said late Monday that “the asset purchase agreement it entered into on Dec. 19, 2016, with Walgreens and Rite Aid remains

Walgreens-Rite Aid merger deal date extended

Walgreens-Rite Aid merger deal date extended

DEERFIELD, Ill., CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) Inc. and Rite Aid Corp. have agreed to extend the end date for their merger deal and lower the offer price. The companies said Monday that the deal end date has been moved to July 31 — after the previous extension expired this past Friday

A new player in WBA-Rite Aid-FTC talks?

A new player in WBA-Rite Aid-FTC talks?

As the clock winds down on today’s deal end date for the Walgreens-Rite Aid merger, a report of a new potential player has emerged. Citing anonymous sources, the New York Post reported Friday that private equity firm Cerberus Capital Management has expressed interest in the 865 Rite Aid stores that Walgreens Boots Alliance and Rite

Stefano Pessina: Rite Aid deal talks ‘ongoing’

Stefano Pessina: Rite Aid deal talks ‘ongoing’

NEW YORK — Walgreens Boots Alliance (WBA) is still negotiating with the Federal Trade Commission to gain antitrust clearance for its $17 billion deal to acquire Rite Aid Corp., WBA executive vice chairman and chief executive officer Stefano Pessina said at the company’s annual shareholders meeting. “The FTC is doing its job. The process is

Reports: Rite Aid shares briefly halt over FTC concerns

Reports: Rite Aid shares briefly halt over FTC concerns

Trading of Rite Aid shares was briefly halted on the New York Stock Exchange on Friday when the stock price sank following published reports that the Federal Trade Commission is iffy about antitrust concessions for approval of the Walgreens-Rite Aid merger. Rite Aid shares suspended trading after dropping 18% but resumed minutes later, TheStreet.com reported.

The leaders are there; who will stand out in chain drug?

The leaders are there; who will stand out in chain drug?

Going into the new year, several key personnel questions await answers, foremost among them the age-old problem of determining who, in 2017, will emerge as the most influential senior staffers at America’s drug chains. The determination is made more difficult by the fact that, as of this writing, Walgreens’ acquisition of Rite Aid remains unresolved.

Rite Aid Foundation grants over $1 million to new KidCents charities

Rite Aid Foundation grants over $1 million to new KidCents charities

CAMP HILL, Pa. — The Rite Aid Foundation said 219 new nonprofit groups focused on improving children’s health and wellness have joined its KidCents program. Each of the new charities, selected by Rite Aid associates and representing the communities served by the drug chain, will receive a $5,000 KidCents grant for their efforts and participation

Walgreens Boots Alliance posts mixed 1Q results

Walgreens Boots Alliance posts mixed 1Q results

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) edged past Wall Street’s adjusted earnings per share forecast in its fiscal 2017 first quarter despite declined sales and net income. WBA also reported Thursday that it’s still working to finalize its $17 billion deal to acquire Rite Aid Corp. and continues to expect to complete the transaction

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