Retail News Breaks Archives
Rite Aid acquires health clinic operator
April 10th, 2014
CAMP HILL, Pa. – Rite Aid Corp. has acquired RediClinic, a Houston-based operator of retail health clinics.
Financial terms of the transaction weren't disclosed. Rite Aid said Thursday that RediClinic will operate as a wholly owned subsidiary.
RediClinic operates 30 clinics in the greater Houston, Austin and San Antonio areas.
"Retail clinics play a critical role in today's health care delivery system and will play an important role in Rite Aid's overall health and wellness strategy," Rite Aid chairman and chief executive officer John Standley said in a statement. "We are committed to working with RediClinic to expand its current footprint in Texas and, in the near future, begin to bring its expertise in delivering convenient health care and wellness programs to Rite Aid customers in select Rite Aid markets."
RediClinic has provided health care services to about 1.5 million people since opening its first clinic in 2005. The clinics are staffed by board-certified nurse practitioners and physician assistants, who are trained and licensed to treat common conditions and provide preventive health services, in collaboration with local physicians who are affiliated with a leading health care system in each market.
Patients can be treated for more than 30 common medical conditions, and RediClinic's clinicians are able to write prescriptions for these conditions when appropriate. In addition, RediClinics provide a range of preventive services, including screenings, medical tests, immunizations and basic physical exams. RediClinic also offers its Weigh Forward weight and lifestyle management program and licenses it to other providers.
"Through our new relationship with Rite Aid, RediClinic is well-positioned for continued growth in Texas and other states," stated RediClinic CEO Web Golinkin. "Rite Aid enables us to leverage our many years of experience in retail health care to the benefit of patients throughout the U.S., and we look forward to working with the Rite Aid team to deliver on our shared mission of helping people live and stay well."