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Rite Aid had a market value of about $6.4 billion before news reports of merger talks...Walgreens Boots Allianceis near a deal to buy Rite Aid....potentially uniting two of the country’s biggest drugstore chains…meaning a takeover could be worth more than $8 billion after a likely premium from Walgreens. Rite Aid also has $7.4 billion of debt…would create a new pharmacy giant with heightened influence with drug makers, pharmacy benefit managers and others in the health care industry.

During the month of September, Rite Aid associates nationwide will honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by the Rite Aid Foundation’s KidCents program…Folds of Honor,..dedicated to providing educational scholarships to children of fallen or disabled veterans…

A&P is seeking approval to sell pharmacy assets for several of the stores it is immediately closing to Rite Aid in a transaction valued at $8.1 million, Rite Aid has agreed to buy the prescription files for 12 stores that are closing…"When a pharmacy is closing, the value of pharmacy related assets, particularly customer prescriptions, is unstable and the transactions must occur on an accelerated timeline to avoid permanent and significant diminution of value,"

...House of Representatives’ Committee on Energy and Commerce Subcommittee on Health convened a hearing called "Examining Medicare Part D Medication Therapy Management Program."...aimed at figuring out the best ways to strengthen MTM model as the Centers for Medicare and Medicaid roll out an overhaul… Rite Aid’s director of field clinical services… spoke in favor of expanding MTM…and highlighted recent efforts...which include the introduction of a bill…the Medication Therapy Management Empowerment Act that would increase access to MTM for patients with such chronic conditions as diabetes, cardiovascular disease, high cholesterol and COPD…given community pharmacist’s unique role as an easily accessible healthcare provider, they could be at the center of the expansion of MTM programs.

Prescription revenues provide insight on the power of top retail pharmacy businesses.If you’re curious to know how the retail pharmacy giants stack up against one another on prescription sales, here are the top 5 pharmacy chains based on 2014 figures:

1. CVS Health $48 billion in Rx revenues, $88.4 billion in pharmacy services revenue
2. Walgreens $49 billion
3. Express Scripts $38 billion
4. Walmart $18.8 billion
5. Rite Aid $18 billion

man who police say may be responsible for committing five recent armed pharmacy robberies has struck again in Kings Beach, CA (NV-CA Lake Tahoe area)  July 16, 2015 the Rite Aid...robbed for a second time..

Telehealth represents a burgeoning,…opportunity for pharmacy operators, one that has the potential to not only drive traffic into a store, but also to drive new customers into that store…Pharmacy represents a…touchpoint for telehealth operators...making pharmacies that provide access to telehealth services a convenient and less-expensive option for those consumers who are assuming a greater portion of their individual healthcare costs…also an opportunity to improve outcomes through telehealth/retail pharmacy partnerships…many…doctor associations,…support telehealth models,..making retail pharmacy operators fielding in-store telehealth services attractive care partners for health systems.

Student leaders from Touro College of Pharmacy walked away with numerous top awards and scholarships at the conclusion of the 2015 Student National Pharmaceutical Association national conference held in July in Orlando, Florida.

• Olawonuola Abiona
• Basirat Adeyemi
• Justice Kwansa
• Sefa Kploanyi