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Rite Aid

Rite Aid to divest most Health Dialog assets

Rite Aid to divest most Health Dialog assets

PHILADELPHIA — Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions. Health Dialog provides personalized population health solutions to improve the health of members while

Rite Aid completes its sale of Elixir

Rite Aid completes its sale of Elixir

PHILADELPHIA — Rite Aid Corporation has completed the previously announced sale of its Elixir Solutions business to MedImpact Healthcare Systems for approximately $576.5 million. “We are pleased to finalize the sale of Elixir, marking another important milestone in our transformation to strengthen our long-term financial position,” said Jeffrey Stein, Rite Aid’s CEO and chief restructuring

Rite Aid agrees to bankruptcy mediation

Rite Aid agrees to bankruptcy mediation

NEW YORK — On Tuesday Rite Aid got court approval for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter mediation with committees representing junior creditors and people who have accused the company of contributing to the U.S. opioid epidemic.   Rite Aid’s bankruptcy financing, which the

Rite Aid reaches settlement with FTC

Rite Aid reaches settlement with FTC

PHILADELPHIA — Rite Aid Corp. has reached a comprehensive settlement agreement with the U.S. Federal Trade Commission (FTC) regarding the company’s historical use of facial recognition technology to prevent retail theft and issues relating to the company’s compliance with a 2010 Commission Order. Rite Aid will be prohibited from using facial recognition technology for surveillance

Rite Aid to offer veteran appreciation discount

Rite Aid to offer veteran appreciation discount

PHILADELPHIA — Rite Aid said it will honor the service and sacrifice of all veterans and active military personnel this Veterans’ Day by offering a “Veteran Appreciation Days” promotion. From Nov. 10-12, customers with a valid military ID or proof of service are eligible for 15% off regular-priced items* at any Rite Aid store location.

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