Aid will leverage these customer profiles and Adobe's services new customer acquisition and loyalty.
Aid officials had said merging with Albertsons was the best long-term move for Rite
Aid to build its scale to get better pricing and diversify its revenue and profit streams, especially as other health care companies are tying the knot.
The acquisition is effective immediately and a smooth transition can be expected due to RITE
's past experience with the merger and acquisition of other retail point of sale sales and service companies.
Aid's regional footprint, it will be interesting to see how the company uses this to drive growth on the PBM side," Hill added.
Donigan will also be granted nonqualified stock options with a grant date fair value equal to $2 million over a four-year period, according to Rite
Chin was nominated by Jeffrey Krug for her service at the Rite
Aid located on Concar Drive in San Mateo, Calif.
A proposal to spin off EnvisionRX called the "Lisa Weiss Proposal" after major Rite
Aid shareholder Lisa Weiss also has been floated for consideration at the annual meeting.
Aid is down to around 2,500 stores mostly on the coasts after selling nearly 2,000 to bigger rival Walgreens Boots Alliance Inc.
Management's guidance suggests nearly $4 billion in EBITDA in three years, based on significant upside at the standalone Albertsons business (back to 2016 EBITDA levels in 2018 on sales improvement and cost cutting efforts), $375 million of Rite
Aid cost synergies and around $200 million of EBITDA from revenue synergies across both Albertsons and Rite
The decision to retain these stores follows discussions between Rite
Aid and WBA, as well as the US Federal Trade Commission.
Romine joined Rite
Aid in 1996 with its acquisition of the West Coast Thrifty-PayLess drug store chain, and he has more than 40 years of retail pharmacy experience.
Aid also has the option to purchase generic drugs that are sourced through an affiliate of WBA at a cost substantially equivalent to Walgreens for a period of ten years.
Though there are many issues that continue to separate the Eastern Orthodox Church from the various Western confessions, issues that in themselves have received more attention because of their status as long-standing grievances between the two sides, one potential problem yet unconsidered by those engaged in ecumenical dialogue is the role of Western Rite