RAD Stock - Rite Aid Corp.

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Rite Aid Corporation, operating a chain of retail drugstores across the United States through its subsidiaries, divides its operations into two key segments: Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment is renowned for its extensive range of offerings, including prescription drugs, over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household essentials, food and beverages, greeting cards, and various everyday convenience items. Additionally, Rite Aid provides comprehensive healthcare services such as immunizations for COVID-19, flu, and shingles, as well as health screenings and management programs for conditions like high blood pressure, cholesterol, and diabetes. The segment also offers personalized medication management guidance and supports customers in combating obesity and tobacco addiction.

Furthermore, Rite Aid's Pharmacy Services segment delivers a robust suite of pharmacy benefit management (PBM) solutions. These include advanced technology solutions, mail delivery services, specialty pharmacy services, network and rebate administration, claims adjudication, and pharmacy discount programs. Serving a diverse client base encompassing health plans, commercial employers, labor groups, and governmental entities, this segment also manages drug benefits under Medicare Part D and offers insurance products for individuals and groups.

Founded in 1962 and headquartered in Philadelphia, Pennsylvania, Rite Aid Corporation continues to expand its footprint in the healthcare and pharmacy sectors. With 2,450 retail pharmacy locations operating across 17 states as of February 26, 2022, Rite Aid remains committed to enhancing customer health outcomes through its comprehensive pharmacy services and retail offerings, while leveraging innovative solutions to meet the evolving needs of its broad and varied customer base.

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