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Rite Aid

CVS, Rite Aid stores damaged in Baltimore riots

NEW YORK — CVS Health and Rite Aid Corp. have closed stores in Baltimore that were damaged in the city’s ongoing riots. A CVS spokeswoman said Wednesday that two CVS/pharmacy stores sustained heavy damage from the rioting and have been closed, and no employees or customers were harmed. Five CVS stores were affected by the protests, which began on Monday, and the company

Rite Aid readies Tdap vaccine in Washington state

Rite Aid readies Tdap vaccine in Washington state

CAMP HILL, Pa. — Rite Aid Corp. reported that its pharmacies in Washington state have a ready supply of the pertussis vaccine to meet demand amid a spike in the number of whooping cough cases. The drug chain said late Monday that pharmacists at its 139 Washington locations are available to administer the Tdap vaccination

Rite Aid appoints CIO

Rite Aid appoints CIO

CAMP HILL, Pa. — Steve Rempel has joined Rite Aid Corp. as senior vice president and chief information officer. Rite Aid said Monday that Rempel will oversee all aspects of the company’s technology and information operations, including computer systems, network infrastructure, telecommunications and data security. He also will be responsible for the continued development and

Rite Aid finishes fiscal year on a high note

Rite Aid finishes fiscal year on a high note

CAMP HILL, Pa. — A tax break added to healthy gains in earnings for the 2015 fourth quarter and fiscal year at Rite Aid Corp., which also saw a strong sales performance for both periods. Net income for the fourth quarter and  full year were lifted by a reduction of the deferred tax asset valuation

Reed’s sparkling juices roll out to Rite Aid stores

Reed’s sparkling juices roll out to Rite Aid stores

LOS ANGELES — Natural soda maker Reed’s Inc. has made its Sonoma Sparklers sparkling juices available exclusively at Rite Aid drug stores nationwide. Reed’s said Tuesday that all of Rite Aid’s approximately 4,600 stores will carry 16-ounce bottles of Sonoma Sparklers in three flavors: Sparkling Organic Raspberry, Sparkling Organic Lemonade and Sparkling Organic Peach. The

Pharmacy gets involved in HHS reimbursement project

Pharmacy gets involved in HHS reimbursement project

WASHINGTON — The Department of Health and Human Services (HHS) has launched the Health Care Payment Learning and Action Network, a public-private initiative to foster the adoption of value-based health care models. Rite Aid, Walgreens and Walmart are among the network’s more than 2,800 participants, which include payers, providers, states, consumer groups and employers. The

Rite Aid expands loyalty plan by joining coalition

Rite Aid expands loyalty plan by joining coalition

NEW YORK — Rite Aid Corp. has joined with a group of blue-chip companies to launch Plenti, described as the first U.S.-based coalition loyalty program. Operated by American Express, the free program will let consumers earn and redeem points for purchases at all of the participating companies, regardless of the payment method. Along with Rite

New store represents milestone for Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. has opened its first newly built store since 2010 in Harrisburg, Pa., not far from the company’s headquarters here. The 14,500-square-foot store features the chain’s wellness store format: Customers entering the store see a wooden path that leads to the pharmacy department. As at other of the chain’s

Rite Aid sees same-store sales climb in March

Rite Aid sees same-store sales climb in March

CAMP HILL, Pa. — Gains in both the front end and pharmacy lifted same-store sales at Rite Aid Corp. in March. Rite Aid said Thursday that for the four weeks ended March 28, comparable-store sales climbed 4.3% year over year. That was up from a 3.3% comp-store sales increase in February. In the front end,

Chain drug industry backs ‘better, smarter’ care

Chain drug industry backs ‘better, smarter’ care

WASHINGTON — The National Association of Chain Drug Stores joined President Barack Obama and Secretary of Health and Human Services Sylvia Burwell at the White House to launch the Health Care Payment Learning and Action Network, whose participants include Rite Aid, Walgreens and Walmart. Announced Wednesday, the Health Care Payment Learning and Action Network brings

Rite Aid to fund EnvisionRx buy with $1.8 billion bond offering

Rite Aid to fund EnvisionRx buy with $1.8 billion bond offering

CAMP HILL, Pa. — Rite Aid Corp. plans a $1.8 billion bond offering to finance its pending acquisition of pharmacy benefit manager Envision Pharmaceutical Services (EnvisionRx). Rite Aid said late Wednesday that it will offer $1.8 billion of senior unsecured notes due in 2023. Plans call for the offering’s net proceeds, together with other available

Rite Aid partners in coalition loyalty program

Rite Aid partners in coalition loyalty program

NEW YORK — Rite Aid Corp. is the exclusive drug store partner in what’s being called the first U.S.-based coalition loyalty program. Named Plenti, the program will enable consumers to earn and use points for purchases at all of the participating companies, regardless of the payment method. Along with Rite Aid, Plenti’s inaugural partners include

Rite Aid enters PBM business via acquisition

CAMP HILL, Pa. — Rite Aid Corp. has broadened and deepened its health care footprint by agreeing to acquire pharmacy benefits manager Envision Pharmaceutical Services (EnvisionRx) for around $2 billion in cash and stock from TPG, a private investment firm. The transaction, which has been approved by the boards of directors of both companies, is

Rite Aid seeks innovative ideas

CAMP HILL, Pa. — Rite Aid Corp. has launched what the company calls a nationwide Innovation Challenge aimed at gathering original product ideas that can improve the health and well-being of its customers. The challenge, which runs through March 31, is being conducted in partnership with Edison Nation Medical, a leader in medical and health