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Company provides customers additional options for receiving prescriptions and other health and wellness products and services during coronavirus pandemic Today, Rite Aid (NYSE: RAD) announced it has taken several steps to support its employees, customers and the local communities the c...
Shares of drugstores and grocery stores enjoyed a bit of a rebound in Monday trading -- with one stock in particular bouncing higher than the others. As of 2:10 p.m. EDT, shares of Sprouts Farmers Market (NASDAQ: SFM) are up 10.8%, Walgreens Boots Alliance (NASDAQ: WBA) is up 3%, and R...
Strategy will focus on becoming the dominant mid-market PBM, unlocking the value of pharmacists and revitalizing Rite Aid’s retail and digital experience Narrows Adjusted EBITDA Outlook for Fiscal 2020 Provides Fiscal Year 2021 Guidance Provides Long-Term Financ...
OPKO Health (NASDAQ: OPK ) +45% as subsidiary BioReference Laboratories is now accepting samples for COVID-19. More news on: OPKO Health, Inc., Liberty TripAdvisor Holdings, Inc., Norwegian Cruise Line Holdings Ltd., Stocks on the move, , Read more ...
Citing the number of people who are staying home amid the COVID-19 outbreak, CVS Health ( CVS -3.6% ) has taken the additional step of eliminating charges for the home delivery of drugs. More news on: CVS Health Corporation, Walgreens Boots Alliance, Inc., Rite Aid Corporation, Healthcar...
Rite Aid (NYSE: RAD) continues to survive, in many ways despite its best efforts. An attempt to sell out to Walgreens Boots Alliance led to the sale of some of its stores . While that cut debt and gave the company some breathing room financially, the drugstore chain still faces intense co...
As predicted , Walgreens Boots Alliance ( WBA ) wasn't likely going to go private via a private equity buyout led by the CEO. Even worse, the stock is only a tepid Buy in the low $50s after the stock has fallen $10 from the November highs. My previous investment thesis took a bullish slant ...
In a follow-up to its first article published last month, The New York Times reports that major pharmacy operators Walgreens ( WBA -0.7% ) and CVS ( CVS -0.6% ) continue to push back on complaints from pharmacists that high levels of job stress and "unreasonable" expectations from he...
This article was highlighted for PRO+ subscribers, Seeking Alpha’s service for professional investors. Find out how you can get the best content on Seeking Alpha here . 2019 was difficult for short-sellers considering what ended up being a historically strong year for the...
Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced the settlement of its previously announced offer to exchange (the “Exchange Offer”) up to $600 million aggregate principal amount (the “Maximum Amount”) of it...
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Secures Interim Approval to Access Up to $3.45 Billion in Debtor-in-Possession Financing Continues to Serve Customers and Deliver Healthcare Products and Services Across Retail and Online Platforms Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Compan...
Stein Succeeds Elizabeth “Busy” Burr Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) an...
Reaches Agreement in Principle with Key Creditors on the Terms of Financial Restructuring Plan Initiates Voluntary Chapter 11 Process to Implement a Consensual Financial Restructuring That Will Significantly Reduce Debt and Enable Execution of Key Initiatives Receives Commitment f...