About Rite Aid
Rite Aid is a company based in Harrisburg (United States) founded in 1968.. The company has 7,833 employees as of December 31, 2022. Rite Aid has completed 6 acquisitions, including Bartell Drugs, East Hills Family Pharmacy and Envision Pharmaceutical Services. Rite Aid offers products and services including Prescription Services and Health and Beauty Products.
- Headquarter Harrisburg, United States
- Employees 7833 as on 31 Dec, 2022
- Stage Public
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rite Aid Corp
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Annual Revenue
$24.09 B-2as on Feb 28, 2023
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Net Profit
$-749.94 M-39as on Feb 28, 2023
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EBITDA
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Latest Funding Round
$3.15 B (USD), Debt – Conventional
Dec 20, 2018
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Investors
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Employee Count
7833
as on Dec 31, 2022
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Investments & Acquisitions
Bartell Drugs
& 5 more
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Products & Services of Rite Aid
Rite Aid offers a comprehensive portfolio of products and services, including Prescription Services and Health and Beauty Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Prescriptions are dispensed and managed through the pharmacy platform
Products such as medicines, personal care items, and vitamins are sold for everyday use
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Leadership Team
30 people
Software Development Team
27 people
Human Resources and Administration
13 people
Pharmacy Team
8 people
Operations Team
6 people
Manager Team
6 people
Staff Team
6 people
Legal and Compliance
5 people
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Funding Insights of Rite Aid
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $3.1B
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First Round
First Round
(20 Dec 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Debt – Conventional - Rite Aid | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Rite Aid
Rite Aid has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Bartell Drugs, East Hills Family Pharmacy and Envision Pharmaceutical Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Prescription drug benefits are managed for members through various services.
|
2001 | ||||
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Population health management solutions are offered by Health Dialog.
|
1997 | ||||
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Medications and healthcare services are provided by this standalone pharmacy.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rite Aid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rite Aid Comparisons
Competitors of Rite Aid
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rite Aid
Frequently Asked Questions about Rite Aid
When was Rite Aid founded?
Rite Aid was founded in 1968 and raised its 1st funding round 50 years after it was founded.
Where is Rite Aid located?
Rite Aid is headquartered in Harrisburg, United States. It is registered at Harrisburg, Pennsylvania, United States.
Who is the current CEO of Rite Aid?
Kermit Joins is the current CEO of Rite Aid.
How many employees does Rite Aid have?
As of Dec 31, 2022, the latest employee count at Rite Aid is 7,833.
What is the annual revenue of Rite Aid?
Annual revenue of Rite Aid is $24.09B as on Feb 28, 2023.
What does Rite Aid do?
Rite Aid was founded in 1968 and is headquartered in Harrisburg, United States. The company operates as a retail chain in the pharmacy sector, with stores providing pharmaceutical drugs, vitamins, supplements, and personal care products. In 2023, annual revenues of 24.09 billion were reported, alongside a net loss of 0.75 billion. Operations focus on community-based pharmacy services across the U.S.
What products or services does Rite Aid offer?
Rite Aid offers Prescription Services and Health and Beauty Products.
How many acquisitions has Rite Aid made?
Rite Aid has made 6 acquisitions, including Bartell Drugs, East Hills Family Pharmacy, and Envision Pharmaceutical Services.