Rite

Rite Aid Enters into Agreement to Divest Majority of Health Dialog Assets

Retrieved on: 
Wednesday, March 6, 2024
Retail, Health, Convenience Store, Telemedicine, Virtual Medicine, Other Health, Pharmaceutical, Elixir, Medication, Alvarez and Marsal, Carenet Health, APA, OTC, Health Dialog, Chronic care management, Growth, Sale, Calendar, Rite Aid, Rite, Kirkland & Ellis, Organization, United States bankruptcy court, Bankruptcy, LLP, Guggenheim Partners

Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that it has entered into an asset purchase agreement (“APA”) for the partial sale of its Health Dialog business to Carenet Health (“Carenet”), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions.

Key Points: 
  • Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that it has entered into an asset purchase agreement (“APA”) for the partial sale of its Health Dialog business to Carenet Health (“Carenet”), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions.
  • Health Dialog provides personalized population health solutions to improve the health of members while reducing overall medical costs for companies and organizations.
  • Rite Aid is integrating these into the Company’s clinical offerings.
  • Mr. Stein added, “Health Dialog’s clients and members will be in terrific hands with Carenet, which is a pioneer and industry leader in personalized healthcare engagement solutions.

RUDIS Achieves 80% Revenue Increase with Shopify Plus & CQL

Retrieved on: 
Tuesday, February 6, 2024
Retail, Other Professional Services, Data Management, Online, Technology, Wrestling, Small Business, Professional Services, Online Retail, Sports, Other Retail, Digital Cash Management, Digital Assets, Payments, Entertainment, Internet, Partnership, Multimedia, Growth, History, Cosmetic industry, Wolverine World Wide, Athlete, Coldwater Creek, Escalade Sports, CQL, E-commerce, PetSmart, Cosmetics, Rite, Online shopping

RUDIS, a Marysville-based wrestling apparel company, today announced the success of its digital transformation on Shopify Plus, in partnership with digital agency CQL.

Key Points: 
  • RUDIS, a Marysville-based wrestling apparel company, today announced the success of its digital transformation on Shopify Plus, in partnership with digital agency CQL.
  • Launching their digital transformation just before Black Friday Cyber Monday (BFCM) 2023, RUDIS achieved the largest volume and year-over-year growth in its history, with an 80% revenue increase, a 70% order increase, and a 27% conversion rate increase.
  • View the full release here: https://www.businesswire.com/news/home/20240206070227/en/
    RUDIS achieved its largest volume and year-over-year growth in history with its digital transformation to Shopify, in partnership with digital agency CQL.
  • RUDIS partnered with CQL to stabilize the new RUDIS site on Shopify Plus and then optimize the site with a rapid iteration of new features, integrations, and enhanced design and user experience.

Rite Aid Completes Sale of Elixir Solutions to MedImpact

Retrieved on: 
Thursday, February 1, 2024
General Health, Pharmaceutical, Health, Other Health, Rite Aid, Kirkland & Ellis, Sale, Guggenheim Partners, OTC, Alvarez and Marsal, LLP, Rite

Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced it has completed the previously announced sale of its Elixir Solutions business (“Elixir”) to MedImpact Healthcare Systems, Inc. (“MedImpact”) for approximately $575 million.

Key Points: 
  • Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced it has completed the previously announced sale of its Elixir Solutions business (“Elixir”) to MedImpact Healthcare Systems, Inc. (“MedImpact”) for approximately $575 million.
  • “We are pleased to finalize the sale of Elixir, marking another important milestone in our transformation to strengthen our long-term financial position,” said Jeffrey S. Stein, Rite Aid’s CEO and Chief Restructuring Officer.
  • “We believe this transaction is a great outcome for Rite Aid and our stakeholders, including our Elixir colleagues and the customers, clients and members they serve.
  • Importantly, this divestiture will better position Rite Aid for long-term success as we continue to evolve our portfolio to focus on the healthcare products, services and solutions that are core to our future.”
    Rite Aid provides leading healthcare products and services to its customers every day as it continues to make progress in its court-supervised restructuring process and implement its go-forward business plan, Rite Aid 2.0.

Find Your ‘Perfect Pairing’ at Rite Aid this Valentine's Day

Retrieved on: 
Tuesday, January 30, 2024
Retail, Convenience Store, Food, Beverage, Wine & Spirits, Cream, Thrifty PayLess, Multimedia, Affection, Family, Taste, History, Trendsetter, Personality, Pair, Friends, Atmosphere, Collection, Beauty, Thrifty, Wine, Rite Aid, System, Rite

Love is in the air, and Rite Aid is ready to make this Valentine’s Day unforgettable.

Key Points: 
  • Love is in the air, and Rite Aid is ready to make this Valentine’s Day unforgettable.
  • View the full release here: https://www.businesswire.com/news/home/20240130312401/en/
    This Valentine’s Day Rite Aid is playing matchmaker — for your tastebuds!
  • Set the scene for a day of love, whether it’s with your sweetheart, friends or little ones, with Rite Aid's enchanting selection of Valentine's Day decorations.
  • Explore all of Rite Aid’s Valentine’s Day offerings at www.riteaid.com/shop/valentine-s-day or head to your local store for special in-store-only selections.

Rite Aid Receives Court Approval for Sale of Elixir Solutions Business to MedImpact

Retrieved on: 
Tuesday, January 9, 2024
Professional Services, Retail, Health, Other Retail, Finance, General Health, Pharmaceutical, Rite Aid, Guggenheim Partners, LLP, Kirkland & Ellis, Bankruptcy, Sale, Pharmacy, Rite, United States bankruptcy court, OTC, Alvarez and Marsal, Pharmaceutical industry

Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that the U.S. Bankruptcy Court for the District of New Jersey has approved the sale of the Company’s Elixir Solutions Business to MedImpact Healthcare Systems, Inc. (“MedImpact”), an independent pharmacy benefit solutions company.

Key Points: 
  • Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that the U.S. Bankruptcy Court for the District of New Jersey has approved the sale of the Company’s Elixir Solutions Business to MedImpact Healthcare Systems, Inc. (“MedImpact”), an independent pharmacy benefit solutions company.
  • “We are pleased to receive this key approval toward the sale of our Elixir business to MedImpact,” said Jeffrey S. Stein, Rite Aid’s CEO and Chief Restructuring Officer.
  • “We are confident the transaction with MedImpact maximizes the value of the business and best positions Elixir to support clients, members and customers long into the future.
  • Until closing, Elixir remains part of Rite Aid and will continue operating as normal.

Rite Aid Banned from Using AI Facial Recognition After FTC Says Retailer Deployed Technology without Reasonable Safeguards

Retrieved on: 
Wednesday, January 3, 2024
Facial recognition, Federal Trade Commission, Investigation, Rite, Documentation, Database, Policy, Aid, Family, Risk, Color, Friends, Blog, Embarrassment, Bankruptcy, Police, Consumer protection, Complaint, Shoplifting, Certification, Rite Aid, News, Technology, Privacy, Name, FTC, Social media, Commission, Consider, Algorithm
Key Points: 

Rite Aid Banned from Using AI Facial Recognition After FTC Says Retailer Deployed Technology without Reasonable Safeguards

Retrieved on: 
Tuesday, January 2, 2024
Facial recognition, Federal Trade Commission, Investigation, Rite, Documentation, Database, Policy, Aid, Family, Risk, Color, Friends, Blog, Embarrassment, Bankruptcy, Police, Consumer protection, Complaint, Shoplifting, Certification, Rite Aid, News, Technology, Privacy, Name, FTC, Social media, Commission, Consider, Algorithm

Rite Aid will be prohibited from using facial recognition technology for surveillance purposes for five years to settle Federal Trade Commission charges that the retailer failed to implement reasonable procedures and prevent harm to consumers in its use of facial recognition technology in hundreds of stores.

Key Points: 
  • Rite Aid will be prohibited from using facial recognition technology for surveillance purposes for five years to settle Federal Trade Commission charges that the retailer failed to implement reasonable procedures and prevent harm to consumers in its use of facial recognition technology in hundreds of stores.
  • It also will require Rite Aid to discontinue using any such technology if it cannot control potential risks to consumers.
  • In a complaint filed in federal court, the FTC says that from 2012 to 2020, Rite Aid deployed artificial intelligence-based facial recognition technology in order to identify customers who may have been engaged in shoplifting or other problematic behavior.
  • The company did not inform consumers that it was using the technology in its stores and employees were discouraged from revealing such information.
  • In its complaint, the FTC also says Rite Aid violated its 2010 data security order with the Commission by failing to adequately implement a comprehensive information security program.
  • Among other things, the 2010 order required Rite Aid to ensure its third-party service providers had appropriate safeguards to protect consumers’ personal data.

Rite Aid’s Holly, Jolly Holiday How To’s

Retrieved on: 
Tuesday, December 5, 2023
Retail, Discount, Variety, Convenience Store, Holiday, Happiness, Collection, Pet, Wine, Rite Aid, Personality, Rite, DIY, Calendar, Tourism, Online shopping, Bookbinding

As celebrations take place throughout the coming weeks, Rite Aid is offering a one-stop-shop solution for cherishable memory-making that keeps the “happy” in Happy Holidays.

Key Points: 
  • As celebrations take place throughout the coming weeks, Rite Aid is offering a one-stop-shop solution for cherishable memory-making that keeps the “happy” in Happy Holidays.
  • To help ensure you sleigh gifting this year, Rite Aid has compiled a unique set of gift guides for the trickiest people on your list.
  • At a range of price points all readily available at Rite Aid, these Acquaintance Gift Guides offer sure-to-be-loved ideas for:
    Your local Rite Aid is a holiday shopping destination with bountiful gift options at various price points.
  • Explore all of Rite Aid’s holiday festivities at www.riteaid.com/holiday-fun .

Rite Aid Helps Customers Prioritize Immunity During Busy Holiday Season with Flu Shot Fridays

Retrieved on: 
Wednesday, November 29, 2023
Retail, Health, Convenience Store, Specialty, General Health, Pharmaceutical, Holiday, Cough, Shingles, Tetanus, RSV, Pharmacist, Rite Aid, Influenza vaccine, Tobacco, Weather, Vaccine, Prescription, COVID-19, QR, Rite, Virus, HPV, OTC, Travel, Online shopping

Rite Aid’s upcoming Flu Shot Fridays allows families to conveniently receive routine vaccinations ahead of the holiday season.

Key Points: 
  • Rite Aid’s upcoming Flu Shot Fridays allows families to conveniently receive routine vaccinations ahead of the holiday season.
  • Customers receiving their flu shot will also receive coupons for $5 off a $25 in-store purchase* and a free cold drink.
  • ** Flu Shot Fridays will be held every Friday from Dec. 1-29, at select locations.
  • Customers are encouraged to schedule an appointment for necessary vaccinations at their local Rite Aid through the online scheduling tool , or walk-in during regular store hours on Flu Shot Fridays.

CONTROLTEK Facilitates Two-Day Design Thinking Workshop at Rite Aid Innovation Center

Retrieved on: 
Friday, December 1, 2023
Interim, Design, Rite Aid, AP, Rite, RFID, Asset protection, Environment, Industrial design

BRIDGEWATER, N.J., Dec. 1, 2023 /PRNewswire/ -- CONTROLTEK , a global leader in retail asset protection, RFID inventory and asset tracking solutions and tamper-evident packaging recently collaborated with Rite Aid to facilitate a transformative Two-Day Design Thinking workshop at the Rite Aid Innovation Center.

Key Points: 
  • BRIDGEWATER, N.J., Dec. 1, 2023 /PRNewswire/ -- CONTROLTEK , a global leader in retail asset protection, RFID inventory and asset tracking solutions and tamper-evident packaging recently collaborated with Rite Aid to facilitate a transformative Two-Day Design Thinking workshop at the Rite Aid Innovation Center.
  • Hosted at the Rite Aid Innovation Center, this Design Thinking Workshop aimed to encourage creative problem-solving and foster a collaborative spirit among industry professionals.
  • Chad McIntosh, Interim Vice President of Asset Protection at Rite Aid, expressed enthusiasm about the workshop, stating, "The Two-Day Design Thinking workshop was a great way for solution providers and the Rite Aid Asset Protection team to come together fostering dialogue for creating a safer and more enjoyable environment for our valued customers and dedicated employees.
  • The collaborative effort between Rite Aid and CONTROLTEK reflects a commitment to innovation and progress within the retail and asset protection sectors.