Rite Aid Corp.

Fresh on the heels of its announced $17.2 billion acquisition of Rite Aid, Walgreens Boots Alliance reported fourth-quarter net earnings of $26 million and a boost in same store sales.

Net sales climbed almost 50% to $28.5 billion during the quarter, which ended August 31.

Walgreens Boots Alliance and Rite Aid Tuesday evening announced that they have entered into a definitive agreement under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid for $9 per share in cash, for a total enterprise value of approximately $17.2 billion, including acquired net debt.

Walgreens Boots Alliance is in advanced talks to acquire Rite Aid in a deal that could be worth as much as $10 billion, according to a report published Tuesday by The Wall Street Journal.

 Rite Aid on Tuesday announced that The Rite Aid Foundation is making a $25,000 donation to the Palmetto South Carolina Region chapter of the American Red Cross to help the victims, families and communities affected by last week’s severe flooding. 

Rite Aid on Wednesday brought back its nationwide annual Vote for Your Favorite Pharmacy Team Member Contest to celebrate American Pharmacist Month. Through the contest, Rite Aid customers have a chance to win $2,500 in Rite Aid gift cards by nominating a favorite member of their Rite Aid pharmacy team.

Rite Aid associates plan to honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by the Rite Aid Foundation’s KidCents program.

Camp Hill, Pa. — Rite Aid is making it easier for customers to make purchases.

Rite Aid is finally moving to embrace a mobile-first strategy by making a major announcement about paymants.

Camp Hill, Pa. -- Ken Martindale, one of the key architects behind Rite Aid's recent growth, on Monday was promoted to the new position of CEO Rite Aid stores.

The move is designed to enable Rite Aid chairman and CEO John Standley to focus on expanding the role the drug store plays in healthcare delivery with its EnvisionRx, RediClinic and Health Dialog divisions.
 
Martindale, 55, will continue to report to Standley and will retain his role as president of Rite Aid.
 

Ken Martindale, one of the key architects behind Rite Aid's recent growth, has been promoted to CEO Rite Aid Stores.