Rite Aid Corp.

Rite Aid Corp.

Rite Aid Corp.

Overview
Date Founded

1927

Headquarters

1013 Centre Road,Wilmington, DE 19805-1265

Type of Company

Public

Employees (Worldwide)

60.8K

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.

Website
Contact Data
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Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Senior Executive Vice President, Chief Administrative Officer & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Senior Vice President & Chief Information Officer

Senior Vice President & Chief Communications Officer

Senior Vice President & Chief Human Resources Officer

Senior Vice President, Chief Accounting Officer & Treasurer

Chief Strategic Business Development Officer

Chief Operating Officer, Rite Aid Stores

Board of Directors

Chief Executive Officer at Catholic Health Initiatives

Chairman & Chief Executive Officer at Wolverine Assemblies LLC

Founder at TPD Group LLC

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

Vice Chairman & Managing Director at Lazard Ltd.

Founder at Myrtle Potter & Co. LLC

Former Chief Administrative Officer & Senior Executive Vice President at Rite Aid Corp.

Former Chief Financial Officer & Executive Vice President at Outrigger Enterprises, Inc.

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Owners & Shareholders
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Highfields Capital Management employs long/short hedging and event-driven arbitrage investment strategies. The firm combines the use of top-down and bottom-up analysis to select value stocks. Highfields Capital Management invests in public and private companies in domestic and international markets across a variety of industries and security types.

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Alpine Associates Management manages the investment portfolios of the Alpine Funds and the accounts of their other clients using several strategies. Their main strategies are merger arbitrage and long/short equity trading. Alpine also uses other strategies including convertible arbitrage and investing in bankruptcy and other credit opportunities. Alpine seeks to produce superior risk-adjusted returns with low volatility in all types of market environments.Alpine's long/short equity trading strategy involves the purchase and sale of actively traded common stocks. They also trades in stock index futures and other derivatives, options, preferred stocks, corporate and government bonds, swaps, other securities and financial instruments and currencies. Alpine may engage in pairs trading. A major part of this strategy involves the creation of synergistic positions in connection with Alpine's merger arbitrage and bankruptcy and other credit opportunities strategies. The firm seeks to capitalize on market dislocations caused by mergers and other corporate transactions and events. They also engage in general equity trading, using technical and fundamental analysis to identify stocks that are underpriced or overpriced relative to their peers or on an absolute basis.Alpine's merger arbitrage strategy focuses on the purchase of securities sought in cash tender offers, exchange offers, mergers or other extraordinary transactions, and the tendering or exchange of these securities for cash or new securities. When a new security is offered in exchange for a purchased security, Alpine simultaneously takes an offsetting short position that is covered with the new security when it is received. This strategy may involve purchasing or selling options, swaps and other derivative instruments to enhance returns or limit risk. Alpine's merger arbitrage strategy focuses on publicly announced transactions with definitive merger agreements.

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IndexIQ Advisors' rules-based alpha investment products offer the benefits of traditional index investing with the alpha potential sought by the best active managers. Their rules-based alpha philosophy makes institutional class investment strategies available to all investors, at a low cost. IndexIQ's strategies cover the full range of asset classes and product categories. Their strategies for RICs (ETFs and mutual funds) include Passive ETF Investment Strategies, Actively Managed ETF Investment Strategies and Mutual Fund Strategies. For Managed Accounts, Sponsored Programs and Model Portfolios, IndexIQ uses fundamental methods of security analysis. With respect to their managed account and sponsored program clients and their creation and maintenance of model portfolios, IndexIQ uses substantially the same methods of analysis, and employs substantially the same investment strategies, as those they use for their RIC clients.

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

Insider Transactions
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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

General Counsel 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, 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 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.

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 2018
Market Capitalization
$1.96B
Total Enterprise Value
$4.95B
Earnings Per Share
$-1.13
Revenue
$21.5B
EBITDAMargin
2.39%
Enterprise Value Sales
0.23x
Enterprise Value EBITDAOperating
9.61x
Debt TEV
0.69x
Total Debt
$3.39B
Total Equity
$1.6B
EBITDA
$515M
TEVNet Income
-4.18x
Net Profit
$-1.19B
Five Year Compounded Annual Growth Rate Of Revenue
-3.25%
Three Year Compounded Annual Growth Rate Of Revenue
-6.72%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2014
$1,000
2014
Investments
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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
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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. Real Estate Investment Trusts | 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. Real Estate Investment Trusts | 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 in 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, 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 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 providing 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 December 2014 and is headquartered in Deerfield, IL.

Walmart, Inc. Retail: Discount - Bentonville, Arkansas

Walmart, Inc. engages in retail and wholesale business. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment includes retail store and digital retail operations in the U.S. It also offers financial services and related products such as money orders, prepaid cards, wire transfers, check cashing, and bill payment. The Walmart International segment is categorized into retail, wholesale, and other formats operations outside the U.S. These categories include supercenters, supermarkets, hypermarkets, warehouse clubs, Sam's Clubs, cash and carry, home improvement, specialty electronics, apparel store, drug stores, convenience stores, and digital retail. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. It offers specialty services, auto buying, pharmacy, optical, hearing aid centers, tire and battery centers, and business operations support services. The company was founded by Samuel Moore Walton and James Lawrence Walton on July 2, 1962 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