CAMP HILL, Pa. — Rite Aid Corp. posted fiscal 2016 third-quarter adjusted earnings in line with Wall Street estimates and announced a special shareholders meeting to vote on its $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Rite Aid said Thursday that for the third quarter ended Nov. 28, net income totaled
CAMP HILL, Pa. — Pharmacists in Rite Aid Corp.’s nearly 4,600 drug stores are now using the EQuIPP pharmacy performance measurement platform from Pharmacy Quality Solutions (PQS). Rite Aid said Wednesday that it’s the largest drug chain to enable EQuIPP access to all of its pharmacists. The information management tool provides access to performance data
NEW YORK — It’s not evident to anyone entering Rite Aid’s busy store at 50th Street and 8th Avenue in Manhattan that this location was totally remodeled in 10 days. Adjacent to the theater district in Times Square, the convenience-focused store has the pharmacy situated up front and offers a wide assortment of groceries, grab-and-go food,
DEERFIELD, Ill., and CAMP HILL, Pa. —The Federal Trade Commission has requested additional information from Walgreens Boots Alliance (WBA) Inc. and Rite Aid Corp. regarding WBA’s proposed acquisition of Rite Aid. WBA and Rite Aid said Friday that the second request for information, made under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act, extends
CAMP HILL, Pa. — With its recent acquisitions, Rite Aid Corp. is well-positioned to further expand its health care capabilities, according to chairman and chief executive officer John Standley. The company in June closed the $2 billion acquisition of Envision Pharmaceutical Services, which brought the EnvisionRx pharmacy benefit manager (PBM) as well as specialty pharmacy,
The National Association of Chain Drug Stores held its year-end meetings in New York City early this month — and very little was as it had been a year ago. Many of the same familiar faces were on hand, and several of the same retail companies attended. But the yearlong series of events that have
CAMP HILL, Pa. — Rite Aid Corp. posted a slight gain in comparable-store sales for November. Rite Aid said Thursday that for the five weeks ended Nov. 28, comp-store sales edged up 0.9% year over year, compared with a 1% same-store sales increase for October (covering a four-week period). In November, same-store sales rose 1.2%
CAMP HILL, Pa. — Rite Aid Corp. has begun offering discounts on certain trivalent flu shots in support of National Influenza Vaccination Week. Rite Aid said Wednesday that through Dec. 12 it will provide the cell-based flu vaccine Flucelvax for $32.99 and the standard trivalent flu shot for $26.99, a discount of $5. National Influenza Vaccination
NEW YORK — Rite Aid Corp. and Dollar General Corp. have joined the American Express Free Cash Reload network. American Express said Tuesday that the addition of the two retail chains gives the free cash-loading network — the nation’s largest — more than 45,000 locations overall, including Walmart, CVS/pharmacy, Family Dollar and 7-Eleven stores. Rite
DEERFIELD, Ill. — Estimates vary widely on the number of stores Walgreens Boots Alliance Inc. (WBA) will divest as part of its $17.2 billion acquisition of Rite Aid Corp. In a filing with the Securities and Exchange Commission, WBA said the deal allows for up to 1,000 outlets to be closed or sold “if required
CAMP HILL, Pa. — Rite Aid Corp. and Harmonyx, a leader in affordable and accessible genetic testing, have announced the availability of selected genetic tests in all Rite Aid pharmacies except those in New York state. Rite Aid is the first U.S. drug store chain to offer Harmonyx genetic testing. The self-administered oral swab test
CAMP HILL, Pa. — Rite Aid Corp. has begun offering Harmonyx Diagnostics genetic testing for medications, making it the nation’s first drug chain to provide the service. Rite Aid said Thursday that the self-administered oral swab test — available in all of its pharmacies, except in New York — helps patients determine the efficacy of
DEERFIELD, Ill. — The consolidation of chain drug retailing climaxed last month with Walgreens Boots Alliance Inc.’s (WBA’s) acquisition of Rite Aid Corp. In the largest outright purchase of a chain in the industry’s history, WBA agreed to acquire Rite Aid for $9 per share, or $17.2 billion, including debt. The price represents a premium
DEERFIELD, Ill. — Walgreens Boots Alliance may have to divest up to 400 of the Rite Aid stores it is acquiring to satisfy antitrust regulations, analysts said. WBA is not publicly speculating on how many units it will have to shutter, said chief executive officer Stefano Pessina. “We have analyzed things very carefully,” he said
