CAMP HILL, Pa. — Rite Aid Corp. last month unveiled the company’s first in-store medication disposal unit at the Rite Aid pharmacy in Lemoyne, Pa., as part of its overall strategy of combating drug abuse. Rite Aid plans to install 100 medication disposal units in selected pharmacies over the next year. The units offer individuals
CAMP HILL, Pa. — Ahead of the August 9 shareholders vote on the proposed merger with Albertsons, Rite Aid Corp. reported operating results for its first fiscal quarter ended June 2, 2018. For the first quarter, the company reported net loss from continuing operations of $41.7 million, or $0.04 per share, Adjusted net loss from
CAMP HILL, Pa. — Rite Aid Corp. announced that starting Sunday, July 1, Rite Aid pharmacists at all locations in Idaho will be able to prescribe medications to treat select, common conditions, under the Pharmacist Prescriptive Authority Rule Docket 27-0104-1701 promulgated by the Idaho State Board of Pharmacy. The rule, which was approved by the
CAMP HILL, Pa. — Rite Aid Corporation has established a meeting date of August 9, for a special meeting of stockholders of record as of June 22, 2018 to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger, dated as of February 18, 2018, with Albertsons Cos.
CAMP HILL, Pa. — In an effort combat drug abuse and misuse, Rite Aid Corp. announced today its plans to install 100 medication disposal units in selected pharmacies over the next year. The units offer individuals a free, safe and convenient way to dispose of expired or unwanted prescription and over-the-counter medications, helping to reduce
LAWRENCEVILLE, N.J. — Adare Pharmaceuticals’ consumer products subsidiary (Activ Nutritional, LLC), has launched new Viactiv Digestive Health Soft Chews, expanding the Viactiv supplement brand into the growing digestive health category. New Viactiv Digestive Health are said to be the only 2-in-1 supplement to combine a probiotic-derived, clinically-studied strain that helps feed good bacteria and fight bad bacteria to
CAMP HILL, Pa .— Rite Aid Corporation announced today that DisposeRx, a first-of-its-kind opioid disposal solution, is now available at all of Rite Aid’s more than 2,500 pharmacies across the United States. DisposeRx packets contain a biodegradable powder that, when mixed with water in the prescription vial, dissolves drugs, forming a viscous gel which may
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies. Announced in late February, the merger will join the nation’s second-largest supermarket operator with its third-largest drug chain. Overall, the company will generate
The National Association of Chain Drug Stores Annual Meeting last month in Palm Beach, Fla., unfolded against a backdrop of rapid-fire change in community pharmacy and the broader retailing and health care sectors. Leaders of many of the nation’s top mass market retailers, including discounters, supermarkets, dollar stores and even online merchants, as well as
There are some consumers who see the drug store shopping experience as all about convenience. And if you work for one of the Big Three drug chains, this is incredibly frustrating because of the considerable efforts each of these chains has to make to understand its shopper’s personal attributes, her brand preferences and her purchase
Mere months after finalizing its asset purchase agreement with Walgreens Boots Alliance Inc., Rite Aid Corp. is back on the M&A train — this time in the form of a merger with Albertsons Cos. The news doesn’t come as a complete surprise: Rite Aid’s decreased debt made it a more attractive merger or acquisition target,
CAMP HILL, Pa. — Rite Aid Corp. announced that naloxone is now available at each of the more than 2,500 Rite Aid pharmacies in the United States and can be dispensed without a prescription, subject to state regulations. “The opioid epidemic has reached epic proportions and it is an issue that demands not only our
CAMP HILL, Pa. — Rite Aid Corp. has completed the transfer of 1,932 stores purchased by Walgreens Boots Alliance Inc. The transfer of three distribution centers and related inventory is expected to begin after September 1. The majority of the closing conditions of WBA’s $4.375 billion acquisition of the stores and warehouses have been satisfied,
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported net income of $767.1 million, or 73 cents per diluted share, for the fourth quarter ended March 3. The company showed a net loss from continuing operations of $483.7 million, or 46 cents per diluted share, for the quarter. Adjusted net loss from continuing operations