CAMP HILL, Pa. — Rite Aid Corp. chief financial officer Darren Karst has been promoted to senior executive vice president and added the title of chief administrative officer. Rite Aid said late Wednesday that the appointment is effective immediately. Karst previously was executive vice president and CFO. Karst takes over the chief administrative officer post
The morning after announcing its $17.2 billion agreement to acquire Rite Aid, Walgreens Boots Alliance (WBA) didn’t have much to say about the deal. In a conference call on WBA’s fiscal 2015 results, company executives cited the synergies of scale and broader U.S. market coverage that the addition of Rite Aid promises, but details weren’t
DEERFIELD, Ill. — The morning after announcing its blockbuster deal to acquire Rite Aid Corp., Walgreens Boots Alliance Inc. reported earnings for its fiscal 2015 fourth quarter and full year that topped Wall Street’s forecast. The company — closing its first full year following the combination of Walgreen Co. and Alliance Boots — also saw
DEERFIELD, Ill., and CAMP HILL, Pa. — After headlines surfaced earlier in the day, Walgreens Boots Alliance Inc. made it official: The company has reached a deal to acquire Rite Aid Corp. for a total value of $17.2 billion. The companies announced the deal late Tuesday. Under the agreement, Walgreens Boots Alliance will buy Rite
HARRISBURG, Pa. — Opened earlier this year, Rite Aid’s spacious store on Jonestown Road in Harrisburg, Pa., represents one of the latest prototypes of the retailer’s successful “Wellness Store” format. The suburban corner location, situated at 4999 Jonestown Rd. just a few miles outside downtown Harrisburg, incorporates many of the innovations (plus a few twists)
NEW YORK — Walgreens Boots Alliance is in discussions about a possible acquisition of Rite Aid Corp., the Wall Street Journal reported. The Journal report said Tuesday that the talks are advanced and that a deal could be announced as soon as Wednesday. Walgreens Boots Alliance is scheduled to report fiscal 2015 results on Wednesday.
BALTIMORE — Rite Aid Corp. this month celebrated the grand reopening of a store destroyed in the Baltimore riots earlier this year. Executive vice president of operations Bryan Everett was joined by Rep. Elijah Cummings (D., Md.), Baltimore mayor Stephanie Rawlings-Blake and other city, state and community officials at a ribbon cutting marking the reopening
NEW YORK — Chain drug retailers across the country are carrying out extensive outreach programs to provide consumers with access to information and resources for Medicare Part D and health insurance marketplace coverage options. Medicare Part D annual enrollment began October 15 and runs through December 7. The enrollment period for Marketplace plans is November
WASHINGTON — The pharmacy industry is doing its part to help stem the tide of prescription drug abuse and heroin use as part of wide-ranging, public- and private-sector efforts announced this week by President Barack Obama. At a community forum in Charleston, W.Va., Obama and administration officials highlighted the need to change prescribing practices for
ARLINGTON, Va. — For a congressional hearing on medication therapy management, the National Association of Chain Drug Stores emphasized the value of pharmacists in providing MTM services, especially in improving medication adherence, patient health and health care affordability for Medicare patients. In a statement submitted Wednesday to the House Committee on Energy and Commerce Subcommittee
CAMP HILL, Pa. — Rite Aid Corp. is holding a ribbon-cutting event to mark the reopening of its store in Baltimore that was heavily damaged during the city’s riots in April. On Tuesday afternoon, Rite Aid executive vice president of operations Bryan Everett is slated to be joined by U.S. Rep. Elijah Cummings (D., Md.),
NEW YORK — Chain drug retailers have begun extensive outreach programs to provide consumers with access to information and resources for Medicare Part D and Health Insurance Marketplace coverage options. Medicare Part D annual enrollment began Oct. 15 and runs through Dec. 7. The enrollment period for Marketplace plans is Nov. 1, 2015, to January
CAMP HILL, Pa. — The Rite Aid Foundation is lending a hand to those affected by last week’s severe flooding in South Carolina. Rite Aid said Tuesday that the foundation is making a $25,000 donation to the Palmetto South Carolina Region chapter of the American Red Cross to help the victims, families and communities impacted
NEW YORK — As much as the chain drug industry has consolidated, there is room for more mergers and acquisitions. That’s evident from the M&A speculation swirling about the sector in the U.S. and Canada, as well as recent activity. Lending credibility to the speculation is none other than Walgreens Boots Alliance (WBA) chief executive
