Rite Aid promotes several executives into new roles that will help further the company's objective in becoming a comprehensive retail healthcare company.
Rite Aid Pharmacy & Business News
Rite Aid stores are hoping to attract more back-to-school shoppers with a new assortment of supplies, including affordable electronics and dorm room furniture.
When Drug Store News last profiled Rite Aid in 2012, the company was posting its best results in years and completing a historic turnaround that saw the chain traveling full speed ahead on its Road to Wellness.
Rite Aid's first-of-its-kind model pairs licensed healthcare providers with state-of-the-art technology to deliver a truly unique solution to consumers looking for convenient and quality healthcare.
Rite Aid announced last month that it had recently introduced a new medication synchronization program called OneTripRefills.
Rite Aid in late June announced that Bryan Everett will join the company as EVP of store operations, effective Aug. 3. Everett will be responsible for all operations at the company’s nearly 4,600 chainwide stores and will report to Rite Aid’s president and COO Ken Martindale.
Rite Aid is expecting its EnvisionRx acquisition to increase the company’s annual revenues by as much as 17.7%, from $26.5 billion in fiscal 2015 to a projected range of between $30.7 billion and $31.2 billion.
Rite Aid’s latest acquisition, the PBM EnvisionRx, significantly expands opportunities across two of the fastest growing sectors of healthcare— Medicare Part D and specialty pharmacy.
Rite Aid recently deployed an internal social media app called Applause that gives the entire team an easy way to quickly praise their colleagues. “Recognition and celebration is an important part of our culture,” Bob Thompson, EVP of operations at Rite Aid, told DSN.
A big part of the reason behind Rite Aid’s success is that the story has changed. It’s no longer about swimming upstream or playing defense. Today, it’s about creating a retail healthcare company and aggressively turning that dream into reality.