PHILADELPHIA – Rite Aid Corp. confirmed that it previously rejected a non-binding, off-market proposal from Spear Point Capital Management (Spear Point) to acquire all of the outstanding shares of the company’s common stock. The company and its board of directors reviewed the proposal with the assistance of its financial and legal advisors, and the Board
CAMP HILL, Pa. — Rite Aid Corp. announced Thursday that Heyward Donigan, president and chief executive officer; Jim Peters, chief operating officer and Matt Schroeder, executive vice president and chief financial officer will participate in a fireside chat with investors at the 30th Annual Credit Suisse Healthcare Conference on Wednesday, Nov. 10th at approximately 9:40 a.m. ET.
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported a narrower than expected second quarter loss. The company reported a net loss of $100.3 million, or $1.86 per share for the period ended August 28. The adjusted net loss was $22 million, or 41 cents per share. Analysts had forecast an adjusted net loss
CAMP HILL, Pa.—Rite Aid Corp. announced Monday that it has entered into an amendment to its senior secured credit agreement, which, after giving effect to the amendment, consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million “first-in, last out” senior secured term loan facility. The new facilities extend the
CAMP HILL, Pa. — Rite Aid Corp. reported that fourth quarter 2021 financial results were significantly impacted by a soft cough, cold and flu season, ongoing impacts related to COVID-19 and challenging weather conditions. As a result, the company is updating its guidance for the fiscal year ended February 27, 2021. “During the fourth quarter
CAMP Hill, Pa. — Rite Aid Corp. announced today that Heyward Donigan, president and chief executive officer; Jim Peters, chief operating officer and Matt Schroeder, executive vice president and chief financial officer will participate in a fireside chat with investors at the on Monday, Jan. 11th at approximately 11:40 a.m. ET. The conference is a virtual
WASHINGTON — Walgreens, CVS Pharmacy and Rite Aid Corp. have donated dispensing services for the Department of Health and Human Services’ (HHS’) new program expanding access to medication to prevent HIV. Beginning no later than March 30, as part of these donations, qualified patients can obtain medications for pre-exposure prophylaxis (PrEP) at more than 21,000
CAMP HILL, Pa. – Rite Aid announced on Thursday the appointment of Jim Peters as the company’s chief operating officer. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; corporate development, strategy and communications. “Jim is a seasoned
CAMP HILL, Pa. – Rite Aid announced on Wednesday a partnership with Appriss Health, provider of the most comprehensive analytics platform for opioid stewardship and substance use disorder (SUD) in the U.S., to deploy NarxCare into clinical workflow. Rite Aid has effectively implemented NarxCare in 12 states, including all of its Pennsylvania locations. NarxCare utilizes, analyzes, and presents
CAMP HILL, Pa .— Rite Aid Corp. announced Monday that the board of directors has appointed Heyward Donigan as chief executive officer and a member of the board, effective immediately. As planned, John Standley will step down from his role as chief executive officer in connection with this announcement. “Today’s announcement is an important step
MCLEAN, Va. — Photo Finale, a leader in white-label photo ecommerce services, announced Rite Aid Corp. has launched its online photo service on the Photo Finale platform. Customers can now order prints, canvas, photo books, gifts and much more at photo.riteaid.com. Rite Aid has 2,466 stores in 18 states. “Photo Finale offers the best in
CAMP HILL, Pa. – Rite Aid Corp. has entered into a strategic partnership with Adobe to deliver seamless, personalized and connected health and wellness experiences for Rite Aid customers via Adobe Experience Cloud, the industry’s leading end-to-end solution for experience creation, marketing, advertising, analytics and commerce. Adobe Experience Cloud will enhance Rite Aid’s ability to
CAMP HILL, PA. — Rite Aid Corp. announced on Thursday that Erik Keptner, a proven leader with more than 20 years’ experience in retail marketing, has been named to the newly created position of senior vice president and chief marketing and merchandising officer, effective June 24, 2019. In this position, Keptner will be responsible for
CAMP HILL, PA – Rite Aid Corp. announced that its stockholders approved a reverse stock split of the company’s common stock at Thursday’s special meeting of stockholders. According to preliminary tabulations, with approximately 987 million eligible votes cast, stockholders voted 78% in favor of the reverse split. Rite Aid’s board of directors may select a
