• Sun. Apr 14th, 2024

Rite Aid Sells Health Dialog Business to Carenet Health, Focuses on High-Performing Stores and Efficient Operating Model as Part of Go-Forward Plan

BySamantha Johnson

Mar 6, 2024
Rite Aid to Divest a Portion of its Health Dialog Business

In the second quarter of 2024, Rite Aid Corporation completed the sale of its Health Dialog business to Carenet Health. The transaction included the Nurse Advice Line, Chronic Care Management solution, and Shared Decision-Making solution, along with client contracts associated with those services.

Rite Aid CEO Jeffrey S. Stein stated that the transaction was part of their ongoing efforts to align their portfolio around key healthcare products and services. The company is focusing on creating a portfolio of high-performing stores, a leaner supply chain, and a more efficient operating model as part of their go-forward business plan.

Health Dialog’s Medication Adherence Management and Medication Therapy Management solutions were not included in the proposed transaction. Instead, Rite Aid integrated these solutions into its clinical offerings. The transaction was subject to Bankruptcy Court approval and customary closing conditions.

Since filing for Chapter 11 bankruptcy in October 2023, Rite Aid has made significant changes to its business. The company closed hundreds of stores and selectively sold parts of its business such as Elixir Solutions. Despite these challenges, Rite Aid remains optimistic about its growth and profitability initiatives as they continue to implement their go-forward business plan.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

Leave a Reply