WASHINGTON — Jesse McCullough, Rite Aid Corp.’s director of field clinical services, highlighted the role of medication therapy management (MTM) in improving the health of seniors in testimony to a House subcommittee. The Health Subcommittee of the Committee on Energy and Commerce was reviewing a plan by the Centers for Medicare & Medicaid Services (CMS)
CAMP HILL, Pa. — Darren Karst has been promoted to the combined role of senior executive vice president, chief financial officer and chief administrative officer at Rite Aid Corp. Karst, who joined Rite Aid in August 2014 as the company’s executive vice president and chief financial officer, is assuming the chief administrative officer responsibilities currently
DEERFIELD, Ill. — The acquisition of Rite Aid Corp. culminates sweeping change at Walgreens in the space of a little over three years. In linking its fortunes, starting in June 2012, to Alliance Boots GmbH and its dynamic leader, Stefano Pessina, the chain adopted a global outlook focusing simultaneously on scale and efficiency. Its merger
CAMP HILL, Pa. — It’s been an impressive journey for Rite Aid Corp. Not long ago, Rite Aid was a struggling drug chain, laden with debt and unable to keep pace with larger, fast-growing competitors. But today, under a firmer financial footing, the $26.5 billion company stands as a profitable, innovative industry leader, widening its
WASHINGTON — President Obama highlighted the need to change prescribing practices for opioid medications, channel more resources for addiction treatment and facilitate access to naloxone, a drug that helps prevent overdose deaths. “More Americans now die every year from drug overdoses than they do from motor vehicle crashes. The majority of those overdoses involve legal
The spectacular is becoming so commonplace that even the most astonishing events in chain drug retailing are assuming a ho-hum characteristic. Nothing new here, even if Walgreens has announced its intention to acquire Rite Aid. Put another way, America’s largest chain drug retailer is intent on combining its fortunes and its future with the country’s
Stefano Pessina is once again changing the face of community pharmacy. Three years after Alliance Boots, the global retail and distribution powerhouse he created, entered into a partnership with Walgreens, and less than a year after the two companies finalized their merger, Pessina has struck another deal that will reverberate throughout the U.S. health care
By the numbers at least, a look at the map gives some idea of where Rite Aid will help fill out Walgreens’ national store network, if the blockbuster deal by Walgreens Boots Alliance (WBA) to acquire the Camp Hill, Pa.-based drug chain goes through. Walgreens, which already has stores in all 50 states, has said
HALIFAX, Nova Scotia — Skinfix Inc. has launched a natural, therapeutic body skin care line for diabetics at Rite Aid. Skinfix said Monday that the Skinfix Diabetic Relief Skincare Regimen includes Skinfix Moisturizing Body Wash, Skinfix Daily Relief Lotion, Skinfix Hand Relief Cream and Skinfix Healing Foot & Leg Balm. The regimen is clinically proven
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has indicated that as many as 1,000 stores could be divested to gain regulatory approval for its deal to acquire Rite Aid Corp. In an investor presentation filed Monday with the Securities and Exchange Commission, WBA said the the $17.2 billion merger agreement allows for up to
CVS Health and Rite Aid have confirmed agreements to purchase prescription files from A&P stores in the Northeast. A&P filed for Chapter 11 bankruptcy protection this summer and has since been closing and selling off stores. CVS has agreed to buy Rx files and some pharmacy inventory from 58 stores under the A&P, Pathmark and
Zacks Investment Research stock strategists Tracey Ryniec and David Bartosiak discussed with Zacks’ Terry Ruffolo the Walgreens Boots Alliance’s proposal to acquire Rite Aid Corp. for $9 per share in cash, and assumption of debt, for a total value of $17.2 billion. The companies announced the deal late Tuesday, after news reports about an impending
CAMP HILL, Pa. — Comparable pharmacy results helped offset a same-store sales dip in the front end at Rite Aid Corp. for October. Rite Aid said Thursday that for the four weeks ended Oct. 24, comparable-store sales inched up 1% year over year, reflecting a 0.5% decrease in the front end and a 1.7% gain
WASHINGTON — Two U.S. senators with oversight for antitrust issues have called on federal regulators to take a close look at Walgreens Boots Alliance Inc.’s $17.2 billion deal to acquire Rite Aid Corp. Sen. Mike Lee (R., Utah), chairman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, and Sen. Amy Klobuchar
