RITE AID CORP (RAD)
US7677548726 - Common Stock
RITE AID CORP
NYSE:RAD (10/13/2023, 7:15:35 PM)
Premarket: 0.6121 -0.04 (-5.58%)0.6483
-0.13 (-16.81%)
Company Profile
Rite Aid Corp. engages in the ownership and management of retail drug stores. The company is headquartered in Philadelphia, Pennsylvania and currently employs 47,000 full-time employees. The firm is engaged in providing its services to customers and communities through various programs. The company operates through two segments: the Retail Pharmacy segment and the Pharmacy Services segment. The Retail Pharmacy segment sells brand and generic prescription drugs and various other pharmacy services, as well as front-end products, including health and beauty aids, personal care products and seasonal merchandise. The Pharmacy Services Segment, which consists of Elixir, its pharmacy benefit management (PBM) business, provides a suite of PBM offerings including technology solutions, mail delivery services, specialty pharmacy, network, and rebate administration, claims adjudication, and pharmacy discount programs. Elixir also provides prescription discount programs and Medicare Part D insurance offerings for individuals and groups. The company operates over 2,300 retail pharmacy locations across 17 states.
Company Info
RITE AID CORP
1200 Intrepid Avenue, 2nd Floor
PHILADELPHIA PENNSYLVANIA 17011
P: 17177612633.0
CEO: Heyward Donigan
Employees: 47000
Website: https://www.riteaid.com/
RAD News
3 months ago - BloombergRite Aid Hires Liquidators While Talks With Possible Buyers Drag OnBankrupt pharmacy chain Rite Aid Corp. hired liquidators at the request of company lenders even as the retailer continues negotiating with at least two potential buyers, a person familiar with the chain’s revival efforts said.
4 months ago - BloombergRite Aid Agrees to Mediation With Opioid Victims, Creditor PanelBankrupt pharmacy chain Rite Aid Corp. agreed to begin court-supervised mediation with lower ranking creditors, including groups that blame the company for contributing to America’s opioid addiction crisis.
5 months ago - BloombergRite Aid Bankruptcy Judge Sets March 1 Deadline to ReorganizeBankrupt pharmacy chain Rite Aid Corp. has until March 1 to complete its turnaround under a timeline approved by a federal judge on Tuesday.
6 months ago - Seeking AlphaRite Aid gets court okay for $3.45B in financing to support operations (NYSE:RAD)Rite Aid has received court approval to access up to $3.45B in debtor-in-possession financing to help support operations through its Chapter 11 proceedings. Read more here.
6 months ago - Rite Aid CorporationRite Aid Receives Court Approval of "First Day" Motions to Support Business Operations
6 months ago - InvestorPlace7 Options Trades to Profit From a Falling MarketWith the market potentially signaling downside ahead, investors can potentially profit from the red ink with these options trades.
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