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Slide #46. Rite Aid — Paradise Enterprises, Inc. d/b/a Town Hill Pharmacy
Rite Aid (NYSE:RAD)
Paradise Enterprises, Inc. d/b/a Town Hill Pharmacy
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 main segments: Co.'s Retail Pharmacy Segment, which consists of Rite Aid stores and Health Dialog, a provider of healthcare coaching and disease management services to health plans and employers; and Pharmacy Services Segment, which consists of Elixir, its mid-market national pharmacy benefits manager (PBM), which 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.
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Hold (2.00 out of 4)