Rite Aid Corp.

Rite Aid Corp.

Rite Aid Corp.

Overview
Date Founded

1968

Headquarters

30 HUNTER LANE, CAMP HILL, PA, 17011

Type of Company

Public

Employees (Worldwide)

53.1K

Industries

Retail: Drug Stores
Retail: Othe

Company Description

Rite Aid Corporation is one of the nation's leading drugstore chains with approximately 4,700 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and 91,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Executive Vice President, Secretary & General Counsel

Chief Information Officer

Chief Human Resources Officer

Senior Vice President, Controller & Chief Accounting Officer

Chief Pharmacy Officer

Chief Marketing & Merchandising Officer

Senior Vice President, NY Metro Division

Board of Directors

Former Chairman, President & Chief Executive Officer at Blue Shield of California

Former President & Chief Executive Officer at Catholic Health Initiatives

Chief Executive Officer at Rite Aid Corp.

Vice Chairman & Chief Administrative Officer at U.S. Bancorp

Former Chief Executive Officer at NYC Leadership Academy

Former Managing Partner at KPMG LLP

Founder at TPD Group LLC

President & Chief Commercial Officer at Carrot, Inc.

Vice President & Assistant Treasurer at PepsiCo Pension Fund

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Owners & Shareholders
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Marathon Asset Management focuses on distressed and situational investing which seeks attractive absolute returns through investments in the global credit markets and real estate related markets with a long-term goal of building a world-class asset management platform. Their core competency is opportunistic investing in the global corporate, emerging market and structured credit markets based on fundamental, bottom-up research across distinct investment funds, managed vehicles, and separate accounts. The firm's private credit business includes direct lending, asset based lending, including healthcare and aircraft leasing along with real estate lending.

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KLS Diversified Asset Management currently advises several funds that invest generally in a diversified fixed income portfolio. These funds include KLS Diversified Master Fund LP, which invests across rates, credit and structured asset investment strategies, as well as KLS Rates Master Fund LP and KLS Credit Opportunities Fund LP, which invest in different subsets of fixed income assets, with dynamic capital allocations among and across broad rates or credit strategies. KLS' investment objective is to generate consistent absolute returns by finding long and short investment opportunities in the global economy. Bloom Tree invests (both on the long and short sides) in and trades securities, consisting principally, but not solely, of equity and equity-related securities. The firm may also invest in preferred stocks, convertible securities, warrants, options (including covered and uncovered puts and calls and over-the-counter options) and other derivative instruments, bonds and other fixed income securities, foreign currencies, and money market instruments. Bloom Tree also engages in short selling, margin trading, hedging and other investment strategies.^

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Phoenix Investment Adviser pursues value-based, stressed credit and equity strategies by utilizing a research-intensive investment methodology that analyzes the value and viability of the underlying assets, the obligations of those assets and certain event dynamics. The strategies of the funds offered by Phoenix fall into three distinct but similar categories: a stressed credit strategy, a long/short credit strategy and a stressed equity strategy.Phoenix's stressed credit strategy focuses on deeply discounted, out-of-favor cash paying bonds of high yield companies. Phoenix believes that the type of bonds in this strategy offer an attractive risk return profile, while generating a high coupon income. Such securities may be found in the stressed or distressed high yield bond market, bank loan market, trade claims market, accounts receivable market, or the convertible preferred or equity markets.The firm's long/short credit strategy focuses mainly on senior and secured bonds and loans of mid-cap leveraged US companies while attempting to provide downside protection. This strategy seeks to generate alpha through credit selection both long and short. The strategy focuses on credits that generate high current income and are generally in the senior part of the capital structure. At the same time, the strategy strives to preserve investor capital through hedging processes. The various hedging strategies include: short sales of bonds, convertible securities, equities, and ETFs; capital structure arbitrage; and the use of derivatives, including options and credit default swaps.When investing in stressed equities, Phoenix takes a value-based approach which they believe is a natural extension of their credit research process. They seek value-based equity opportunities that have been overlooked by other investors and are fundamentally mispriced. Many of the strategy's investments involve companies with highly-levered balance sheets, are suffering from (usually temporary) industry downturns, have recently emerged from bankruptcy, or are in low growth or out-of-favor industries.

Recent Transactions
Details Hidden

Walgreens Boots Alliance, Inc. purchases Rite Aid Corp. /1,932 Stores & 3 Distribution Centers from Rite Aid Corp.

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Rite Aid Corp. purchases HealthSpot, Inc. from Early Stage Partners

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Rite Aid Corp., MedTrak Services LLC purchase Connect Health Solutions

Transaction Clients

Advised on AdvancePCS issued . USD Common Stock

Transaction Advisors
Accountant

Advised onRite Aid Corp. purchases Thrifty PayLess Holdings, Inc.

Legal Advisor

Advised onRite Aid Corp. purchases The Jean Coutu Group (PJC) USA, Inc. from The Jean Coutu Group (PJC), Inc.

Legal Advisor

Advised onRite Aid Corp. purchases The Jean Coutu Group (PJC) USA, Inc. from The Jean Coutu Group (PJC), Inc.

Legal Advisor

Advised onRite Aid Corp. purchases The Jean Coutu Group (PJC) USA, Inc. from The Jean Coutu Group (PJC), Inc.

Chair, Latin America Practice

Advised onWalgreens Boots Alliance, Inc. purchases Rite Aid Corp. /1,932 Stores & 3 Distribution Centers from Rite Aid Corp.

Legal Advisor

Advised onRite Aid Corp. purchases The Jean Coutu Group (PJC) USA, Inc. from The Jean Coutu Group (PJC), Inc.

Advisors & Consultants
Legal Advisor

Chair, Mergers & Acquisitions Practice at Jones Day

Legal Advisor

Managing Partner, Finance & Operations at Ballard Spahr LLP

Advisor

Global Co-Head-Corporate Finance & Restructuring at FTI Consulting, Inc.

Clients

CVS Health Corp. engages in the provision of health care services. It operates trough the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Key Stats and Financials As of 2019
Market Capitalization
$527M
Total Enterprise Value
$4.12B
Earnings Per Share
$-15.08
Revenue
$21.6B
EBITDAMargin
2.04%
Enterprise Value Sales
0.19x
Enterprise Value EBITDAOperating
9.33x
TEVNet Income
-5.17x
Debt TEV
0.85x
Net Profit
$-797M
EBITDA
$442M
Total Debt
$3.49B
Total Equity
$1.19B
Five Year Compounded Annual Growth Rate Of Revenue
-3.25%
Three Year Compounded Annual Growth Rate Of Revenue
-11.04%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2014
$1,000
2014
Investments
Details Hidden

Elephant Pharmacy, Inc. operates a chain of pharmacy stores in the United States. It offers a range of over-the-counter pharmaceuticals, herbal remedies, and supplements. The firm also offers health and wellness-focused books and magazines. The company was founded by Stuart Skorman in 2001 and is headquartered in Berkeley, CA.

Investors
Details Hidden

Managing Partner at Oak Investment Partners

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Co-Founder at Carrizo Oil & Gas Inc.

Suppliers
CCA Industries, Inc. Personal Products | East Rutherford, NJ

CCA Industries, Inc. has successfully developed and marketed innovative health and beauty products for more than 20 years. Millions of consumers know CCA by the brands they buy: Plus White® Toothpaste and Teeth Whitening Kits, the Sudden Change® skin care line, Nutra Nail® manicure products and Gel Perfect™ 5 Minute Gel Color, and the Bikini Zone® line of after hair removal remedies and depilatory products. The Mega-T® Dietary Supplement line of effective diet aids utilizes the latest advances in formulations for weight loss, while Mega-T® Green Tea Chewing Gum and Mints offer green tea's antioxidant benefits in a delicious and convenient form. CCA also markets the Solar Sense® line of sun-care products, the Cherry Vanilla® family of vanilla-based fragrances, Hair Off® depilatories, Wash ’N Curl® hair care, Scar Zone® scar management and first aid products and IPR-3® foot care, as well as Shave Zone® men's after-shave relief from bumps and irritation. Throughout the years, CCA has earned an outstanding reputation in marketing their affordable, quality brands in drug, discount and food store chains across the United States, Canada and around the world. National TV advertising, print, radio, internet and FSI ads help consumers understand the benefits of the many CCA products. What makes CCA distinctive is that their products solve the real needs of consumers, offering state-of-the-art formulations at a fraction of the cost of department store and specialty brands. And because their needs are met, CCA customers remain loyal, returning again and again to retailer's stores for their favorite CCA products. CCA Industries Inc.

Agree Realty Corp. Trusts & Funds | Farmington Hills, MI

Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.

Retail Properties of America, Inc. Trusts & Funds | OAK BROOK, IL

Retail Properties of America, Inc. operates as a real estate investment trust. Its retail operating portfolio includes: power centers; neighborhood and community centers; and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties. The company was founded on March 5, 2003 and is headquartered in Oak Brook, IL.

Competitors
CVS Health Corp. Retail: Drug Stores - WOONSOCKET, RI

CVS Health Corp. engages in the provision of health care services. It operates trough the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

Walgreens Boots Alliance, Inc. Retail: Drug Stores - Deerfield, IL

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment engages in pharmacy-led health and beauty retail businesses, which sells its products under brand names Walgreens and Duane Reade. The Retail Pharmacy International segment offers retail stores, which sells products of brands No7, Boots Pharmaceuticals, Botanics, Liz Earle, and Soap & Glory. The Pharmaceutical Wholesale segment supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers, and hospitals. The company was founded in 1901 and is headquartered in Deerfield, IL.

Walmart, Inc. Retail: Food & Beverage - Bentonville, Arkansas

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Awards & Honors
Rank #107
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #107
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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