"By utilizing Adobe Experience Cloud, Rite
Aid will have access to deep customer insights, enabling the company to personalize the Rite
Aid experience for millions of customers while also creating more opportunities for our pharmacists to provide clinical services and value-based care," said Justin Mennen, senior vice president and chief information officer at Rite
In a separate statement, Albertsons said it disagreed with the conclusion of certain Rite
Aid stockholders and third-party advisory firms about the value of its offer.
As part of the acquisition, RITE
has also acquired some of RTE's intellectual property.
The purchase of EnvisionRx marked Rite
Aid's third major health care acquisition within about the past year.
Aid shares were trading more than 3% higher off the open Monday.
Pharmacy technician Radonski, a Rite
Aid associate for two years, was nominated by Christine Myers for her service at the Rite
Aid located on Ashland Drive in Ashland, Ore.
In 2017, The Rite
Aid Foundation launched the KidCents Safe Medication Disposal program.
But Komantinsky said partnering with another large retailer could help EnvisionRX grow faster while keeping Rite
Aid pharmacies in the division's preferred network.
A deal with the owner of Safeway and other grocery brands would have helped Rite
Aid by creating food and drugstore combinations, and it would have given the chain better access to financial markets for things like opening new stores or improving existing ones, said Burt P.
Much of Rite
Aid's current capital structure includes change of control provisions, including its ABL revolver, and $3.5 billion of guaranteed unsecured notes; the company's $400 million of nonguaranteed unsecured notes do not contain change of control provisions.
Under the terms of the amended agreement, Rite
Aid will provide certain transition services to WBA for up to three years after the closing of the transaction.
Under the amended and resaid agreement, Rite
Aid will retain approximately 250 additional stores as compared to the prior agreement announced between Rite
Aid and WBA in June 2017, resulting in a reduction in the transaction sale price.