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Slide #46. Rite Aid — Paradise Enterprises, Inc. d/b/a Town Hill Pharmacy
Acquirer:
Rite Aid (RAD)
Acquiree:
Paradise Enterprises, Inc. d/b/a Town Hill Pharmacy
Details:
The Transition Companies LLC is pleased to announce the acquisition of Paradise Enterprises, Inc. d/b/a Town Hill Pharmacy by Rite Aid. The Transition Companies LLC announced the sale of Paradise Enterprises, Inc. d/b/a Town Hill Pharmacy to Rite Aid. TTC acted as Town Hill's sole M&A advisor for this transaction, which closed in August 2012.
Rite Aid provides an array of whole being health products and services. Co. reports its business in two segments: its Retail Pharmacy Segment, which consists of Rite Aid, Bartell Drug Company and Health Dialog Services Corporation, and its Pharmacy Services Segment, which consists of Elixir, its pharmacy benefit management (PBM). For the Retail Pharmacy segment, Co.'s pharmacists dispense medications pursuant to prescriptions written by medical providers and educate its customers on alternative remedies that can supplement conventional options. Co. provides a range of healthcare services. For the Pharmacy Services segment, Elixir, Co.'s PBM, provides a suite of PBM offerings.
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