Rite Aid Corporation (NYSE:RAD) announced today it has acquired
Houston-based RediClinic, one of the nation’s leading operators of
retail clinics. RediClinic currently operates 30 clinics in the greater
Houston, Austin and San Antonio areas. Through the acquisition,
RediClinic will operate as a wholly owned subsidiary of Rite Aid.
Details of the transaction were not disclosed.
“RediClinic is a pioneer and a leader in the retail clinic industry,
having provided high-quality, convenient and affordable health care to
nearly one and a half million people since opening its first clinic in
2005,” said Rite Aid Chairman and CEO John Standley. “Retail clinics
play a critical role in today’s health care delivery system and will
play an important role in Rite Aid’s overall health and wellness
strategy. We are committed to working with RediClinic to expand its
current footprint in Texas and, in the near future, begin to bring its
expertise in delivering convenient healthcare and wellness programs to
Rite Aid customers in select Rite Aid markets.”
RediClinics are staffed by board certified nurse practitioners and
physician assistants, who are trained and licensed to treat common
conditions and provide preventive services, in collaboration with local
physicians who are affiliated with a leading healthcare system in each
market. Patients can be treated for more than 30 common medical
conditions and RediClinic’s clinicians are able to write prescriptions
for these conditions when appropriate.
Additionally, RediClinics provide a broad range of preventive services,
including screenings, medical tests, immunizations, and basic physical
exams; and the company’s innovative and acclaimed Weigh Forward®
weight/lifestyle management program is offered at RediClinics and
licensed to other providers.
“Through our new relationship with Rite Aid, RediClinic is well
positioned for continued growth in Texas and other states,” said
RediClinic CEO Web Golinkin. “Rite Aid enables us to leverage our many
years of experience in retail healthcare to the benefit of patients
throughout the U.S., and we look forward to working with the Rite Aid
team to deliver on our shared mission of helping people live and stay
well.”
Rite Aid Corporation is one of the nation’s leading drugstore chains
with nearly 4,600 stores in 31 states and the District of Columbia and
fiscal 2013 annual revenues of $25.4 billion. Information about Rite
Aid, including corporate background and press releases, is available
through the company’s website at www.riteaid.com.
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