Quarterlytics / Healthcare / Drug Manufacturers - General / Rite Aid

Rite Aid

RAD · NYSE Healthcare
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Ticker RAD
Exchange NYSE
Sector Healthcare
Industry Drug Manufacturers - General
Employees 10,000+

Business description

Rite Aid Corporation, a leading retail drugstore chain in the United States, offers a diverse range of products and services to its customers. The company operates through two segments, namely Retail Pharmacy and Pharmacy Services, providing prescription drugs, over-the-counter medications, health and beauty aids, personal care products, household items, and a variety of other everyday and convenience products. Additionally, Rite Aid offers healthcare services such as administering immunizations for COVID-19, flu, shingles, and more; helping its customers manage high blood pressure, cholesterol, and diabetes; and providing guidance on combatting obesity and tobacco addiction. The Retail Pharmacy segment also offers healthcare coaching and disease management services to health plans and employers, while the Pharmacy Services segment provides a suite of pharmacy benefit management (PBM) offerings, including technology solutions, mail delivery services, specialty pharmacy, network and rebate administration, claims adjudication, and pharmacy discount programs, as well as drug benefits under the federal government's Medicare Part D program and insurance offerings for individuals and groups. With its headquarters in Philadelphia, Pennsylvania, Rite Aid Corporation was founded in 1962 and remains a heavyweight player in the nation's retail drugstore industry.

riteaid.com/corporate
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Company facts
TickerRAD
ExchangeNYSE
Sector Healthcare
Industry Drug Manufacturers - General
Employees10,000+