Rite Aid hired a new CEO for its pharmacy benefit manager EnvisionRxOptions amid speculation about the PBM’s future.
Category: NYSE:RAD
GNC Partnership Extension Boosts Rite Aid’s Wellness Strategy
Rite Aid will extend its 21-year-old partnership with the health and wellness product store GNC through 2022.
Judge Okays $52M Sale of Shopko Pharmacy Assets To Chains Led By Walgreens
A U.S. Bankruptcy Court Judge approved the $52 million sale of bankrupt retailer Shopko’s pharmacy assets to more than 20 drugstore chains led by Walgreens Boots Alliance, CVS Health and the big grocer Albertsons.
Walgreens, CVS And Rite Aid Among Winners At Shopko Pharmacy Auction
Walgreens, CVS Health and Rite Aid had successful bids selected for retailer Shopko’s pharmacy assets.
Rite Aid Proposes Plan To Stay Listed On NYSE
Rite Aid’s board approved a “reverse stock split of the company’s common stock” to remain in compliance with the New York Stock Exchange rules.
Rite Aid’s PBM Suddenly Looks More Attractive
Rite Aid’s pharmacy benefit manager EnvisionRx is a bright spot for the embattled drugstore chain thanks to growth of sales of Medicare drug plans.
Walgreens To Cut $1B In Annual Costs Amid Global Reimbursement Pressures
Walgreens Boots Alliance is launching a “transformational cost management program” designed to save more than $1 billion annual within three years.
Embattled Rite Aid Gets Rare Win With New 10-Year McKesson Deal
Rite Aid has signed a 10-year deal with the giant drug distributor McKesson Corp. in a move the drugstore chain said will boost future growth.
Fred’s To Complete Prescription File Transfer To Walgreens In January
Fred’s will complete the transfer of prescription files from 179 of its pharmacies to Walgreens Boots Alliance by the end of January.
Rite Aid Shareholders Elect New Board And CEO Survives
Rite Aid shareholders elected management’s board slate including controversial CEO John Standley, but defeated management’s “say on pay” proposal.
