Moody's Investors Service upgraded Rite Aid Corp.'s (RAD $ 1.62) credit rating by four notches after the drug-store operator refinanced its debt. Fio overprice and losing money. RAD profitable and raising guidance.
Pharmacy Chains Push Into Health Care
Pharmacy chains are branching out into health-care services, as a way to counter a slowdown in prescription drug sales and evolve beyond just dispensing pills. In the most recent development, Rite Aid Corp. will open 58 stores, across four markets, which contain in-store clinics providing virtual doctor visits conducted via Web camera. The walk-in clinics—which charge patients $45 for a 10-minute chat with a doctor on a computer monitor—will be rolled out Friday in Baltimore, Boston, Philadelphia and Pittsburgh. Previously, Rite Aid had piloted the virtual clinics in nine stores in the Detroit area. "Health care in the future is ...
NowClinic Online Care Services Now Available in Select Baltimore, Boston, Philadelphia and Pittsburgh Rite Aid Pharmacies
CAMP HILL, Pa., Mar 01, 2013 (BUSINESS WIRE) -- --Expansion of NowClinic Online Care Services Demonstrates Rite Aid's Continued Commitment to Providing Quality and Convenient Medical Care and Resources
Rite Aid announced today that NowClinic(R) Online Care services are now available inside 58 additional Rite Aid pharmacies in Baltimore, Boston, Philadelphia and Pittsburgh. NowClinic Online Care offers Rite Aid customers real-time access to quality and convenient medical care, information and resources from doctors and Optum nurses. Rite Aid was the first to provide a virtual clinic in a retail pharmacy setting in 2011, when the company introduced NowClinic Online Care services in nine Detroit pharmacies.