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Slide #5. Rite Aid Corporation — RediClinic
Rite Aid Corporation (NYSE:RAD)
Rite Aid Corporation (NYSE:RAD) announced today it has acquired Houston-based RediClinic, one of the nation's leading operators of retail clinics. RediClinic currently operates 30 clinics in the greater Houston, Austin and San Antonio areas. Through the acquisition, RediClinic will operate as a wholly owned subsidiary of Rite Aid. Details of the transaction were not disclosed.
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)